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SHARE-BASED COMPENSATION | 6 Months Ended
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Jun. 30, 2021
Share-based Payment Arrangement [Abstract] |
SHARE-BASED COMPENSATION | SHARE-BASED COMPENSATION The following table presents share-based compensation expense recognized by the Company and unrecognized compensation cost:
| Share-Based Compensation |  | Unrecognized Compensation Cost
| Three Months Ended June 30, |  | Six Months Ended June 30, |
| 2021 |  | 2020 |  | 2021 |  | 2020 |  | As of June 30, 2021
Carry Unit Plan | $ | 44 |  |  | $ | 3,937 |  |  | $ | 803 |  |  | $ | 7,057 |  |  | $ | — |
Awards issued pursuant to LTIP: |  |  |  |  |  |  |  |  |
Stock Option Awards | 24,473 |  |  | 25,327 |  |  | 48,696 |  |  | 45,676 |  |  | 102,654 |
Performance Stock Units | 2,868 |  |  | 4,419 |  |  | 5,850 |  |  | 8,320 |  |  | 57,633 |
Restricted Awards | 261 |  |  | 635 |  |  | 578 |  |  | 1,211 |  |  | 305 |
| $ | 27,646 |  |  | $ | 34,318 |  |  | $ | 55,927 |  |  | $ | 62,264 |  |  | $ | 160,592 |
Carry Unit Plan The following table summarizes activity relating to the Company's Carry Unit Plan:
| Number of Time Vesting Awards |  | Weighted Average Grant Date Fair Value
Balance, December 31, 2020 | 6,875,000 |  |  | $ | 3.41 |
Vested | (6,875,000) |  |  | 3.41 |
Balance, June 30, 2021 | — |  |  |
The weighted average fair value per unit was $3.89 as of December 31, 2020. Stock Option Awards The following table summarizes activity related to stock options granted to Company employees:
| Shares Under Option |  |  |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (a)
Balance at December 31, 2020 | 37,062,146 |  |  |  |  | $ | 25.52 |  |  | 8.69 |  | $ | 457,608 |
Granted | 896,398 |  |  |  |  | 34.45 |  |  |  |  |
Exercised | (1,206,372) |  |  |  |  | 17.45 |  |  |  |  |
Forfeited | (655,043) |  |  |  |  | 26.83 |  |  |  |  |
Balance at June 30, 2021 | 36,097,129 |  |  |  |  | 25.99 |  |  | 8.10 |  | 294,984 |
Options exercisable at June 30, 2021 | 3,854,992 |  |  |  |  | $ | 20.00 |  |  | 6.84 |  | $ | 54,504 |
(a)The aggregate intrinsic value is calculated as the difference between the exercise price and the closing price of Altice USA's Class A common stock at the respective date. The total unrecognized compensation cost related to stock options is expected to be recognized over a weighted-average period of approximately 2.36 years. The following weighted-average assumptions were used to calculate the fair values of stock option awards granted during the six months ended June 30, 2021:
Risk-free interest rate | 1.03%
Expected life (in years) | 6.25
Dividend yield | —%
Volatility | 32.94%
Grant date fair value | $11.45
Performance Stock Unit Awards As of June 30, 2021, the Company had 7,313,873 PSUs outstanding. The PSUs have a weighted average grant date fair value of $10.65 per unit. The total unrecognized compensation cost related to outstanding PSUs is expected to be recognized over a weighted-average period of approximately 4.51 years.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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