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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Disclosure of Share-based Compensation Expense | Share-based compensation expense is recognized in the Consolidated Statements of Operations as follows:
|  | Years Ended December 31,
(in thousands) |  | 2023 |  | 2022 |  | 2021
Selling, general, and administrative expenses |  | $ | 39,438 |  |  | $ | 53,497 |  |  | $ | 47,111 |
Income (loss) from discontinued operations, net of tax |  | 11,699 |  |  | 13,069 |  |  | 14,126 |
Total share-based compensation expense |  | $ | 51,137 |  |  | $ | 66,566 |  |  | $ | 61,237 |
Summary of Distributed Shares Activity | The following table summarizes activity related to the Distributed Shares during 2023:
|  | Performance Tranche
|  | Number of Distributed Shares |  | Weighted-Average Grant Fair Value
Unvested as of December 31, 2022 |  | 9,323,486 |  |  | $ | 13.05 |
Vested |  | — |  |  | — |
Forfeited |  | (129,174) |  |  | 13.05 |
Unvested as of December 31, 2023 |  | 9,194,312 |  |  | $ | 13.05 |
Summary of Related 2018 Plan Top-up Options Activity | The following table summarizes activity related to the 2018 Plan Top-up Options:
|  | Service Tranche |  | Performance Tranche |  |  |  |
|  | Number of Top-up Options |  | Weighted-Average Exercise Price |  | Number of Top-up Options |  | Weighted-Average Exercise Price |  | Aggregate Intrinsic Value(a) (in thousands) |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2022 |  | 5,955,254 |  |  | $ | 13.30 |  |  | 5,715,061 |  |  | $ | 13.30 |  |  |  |  |
Exercised |  | — |  |  | — |  |  | — |  |  | — |  |  |  |  |
Forfeited |  | — |  |  | — |  |  | (73,817) |  |  | 13.30 |  |  |  |  |
Outstanding as of December 31, 2023 |  | 5,955,254 |  |  | $ | 13.30 |  |  | 5,641,244 |  |  | $ | 13.30 |  |  | — |  |  | 4.0
Exercisable as of December 31, 2023 |  | 5,955,254 |  |  | $ | 13.30 |  |  | — |  |  | $ | 13.30 |  |  | — |  |  | 4.0
________________________ (a)The intrinsic value represents the amount by which the fair value of the Company’s Common Stock exceeds the option exercise price as of December 31, 2023. The following table summarizes activity related to 2018 Plan options during 2023:
|  | Number of Options |  | Weighted-Average Exercise Price |  | Aggregate Intrinsic Value(a) (in thousands) |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2022 |  | 17,965,626 |  |  | $ | 6.67 |  |  |  |  |
Granted |  | — |  |  | — |  |  |  |  |
Exercised |  | (994,803) |  |  | 5.15 |  |  |  |  |
Forfeited |  | (142,518) |  |  | 9.68 |  |  |  |  |
Outstanding as of December 31, 2023 |  | 16,828,305 |  |  | $ | 6.70 |  |  | $ | 17,243 |  |  | 5.4
Exercisable as of December 31, 2023 |  | 16,828,305 |  |  | $ | 6.70 |  |  | $ | 17,243 |  |  | 5.4
________________________ (a)The intrinsic value represents the amount by which the fair value of the Company’s Common Stock exceeds the option exercise price as of December 31, 2023.
Summary of Related 2018 Plan RSUs Activity | The following table summarizes activity related to the 2018 Plan RSUs (including DEUs) during 2023:
|  | Number of RSUs |  | Weighted-Average Grant Date Fair Value
Unvested as of December 31, 2022 |  | 13,155,409 |  |  | $ | 7.38 |
Granted |  | 7,632,819 |  |  | 7.56 |
Vested |  | (8,997,904) |  |  | 7.12 |
Forfeited |  | (2,552,940) |  |  | 7.72 |
Unvested as of December 31, 2023 |  | 9,237,384 |  |  | $ | 7.66 |

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