EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

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

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