XML 63 R46.htm IDEA: XBRL DOCUMENT
v3.22.0.1

EQUITY-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Stock-based Compensation Arrangements | The following table presents our stock-based compensation expense:
| Year Ended December 31, |  | Remaining Expense To Be Recognized, If All Vesting Conditions Are Met as of December 31, 2021
| 2021 |  | 2020 |  | 2019 |
Restricted shares | $ | 3,215 |  |  | $ | 1,676 |  |  | $ | 1,054 |  |  | $ | 3,731 |
Common units | 823 |  |  | 649 |  |  | 455 |  |  | 1,048 |
Total - continuing operations | $ | 4,038 |  |  | $ | 2,325 |  |  | $ | 1,509 |  |  | $ | 4,779 |
Common units - discontinued operations | $ | — |  |  | $ | — |  |  | $ | 3,114 |  |  |
The following tables present information for our stock options, restricted shares of our subsidiary and common units of our subsidiary:
| Stock Options |  | Restricted Shares |  | Common Units
| Options |  | Weighted Average Exercise Price |  | Shares |  | Weighted Average Issuance Price |  | Units |  | Weighted Average Issuance Price
Outstanding as of December 31, 2020 | 2,243,692 |  |  | $ | 16.81 |  |  | 578,802 |  |  | $ | 7.64 |  |  | 1,394,475 |  |  | $ | 1.14 |
Granted | 1,684,318 |  |  | 26.35 |  |  | 662,423 |  |  | 8.48 |  |  | 1,052,632 |  |  | 1.14 |
Less: exercised / vested | 165,268 |  |  | 18.22 |  |  | 367,804 |  |  | 8.90 |  |  | 1,223,265 |  |  | 1.13 |
Less: forfeited and canceled | — |  |  | — |  |  | 254,180 |  |  | 8.08 |  |  | 263,013 |  |  | 1.14 |
Outstanding as of December 31, 2021 | 3,762,742 |  |  |  |  | 619,241 |  |  |  |  | 960,829 |  |  |
| Stock Options |  | Restricted Shares |  | Common Units
As of December 31, 2021: |  |  |  |  |
Weighted average exercise / issuance price (per share) | $ | 21.02 |  |  | $ | 8.02 |  |  | $ | 1.14 |
Aggregate intrinsic value (in thousands) | $ | 29,951 |  |  | $ | 5,569 |  |  | $ | 1,326 |
Weighted average remaining contractual term (in years) | 8.3 |  | 1.0 |  | 1.1
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of these options was recorded as an increase in equity with an offsetting reduction of capital proceeds received. The following table presents information related to the options related to our shares:
|  | Year Ended December 31,
|  | 2021 |  | 2020 |  | 2019
Number of options |  | 1,684,318 |  | 129,988 |  | 1,262,362
Fair value ($ millions) |  | $13.8 |  | $0.7 |  | $1.8
Ranges |  |  |  |  |  |  |  |  |  |  |  |
Expected volatility | The expected stock volatility is based on an assessment of the volatility of our publicly traded common shares | 44.78% | - | 45.60% |  | 61.27% | - | 62.12% |  | 21.45% | - | 21.89%
Risk free interest rate | The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant. | 1.34% | - | 1.70% |  | 0.51% | - | 0.76% |  | 1.45% | - | 1.67%
Expected dividend yield | The expected dividend yield is based on management’s current expected dividend rate. | 3.16% | - | 3.64% |  | 6.23% | - | 11.79% |  | 6.58% | - | 8.02%
Expected term | Expected term used represents the period of time the options granted are expected to be outstanding. | 10 years |  | 10 years |  | 10 years

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration