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Share-Based Compensation (Tables)

12 Months Ended

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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