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EQUITY-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2020
Schedule of assumptions used in determining the fair value of certain equity options | ​
​ | ​ | ​ | ​
​ | For the year ended December 31,
​ | 2018 | ​
Underlying equity | $ | 20.50 | ​
Strike price | $ | 20.50 - 30.75 | ​
Dividend yield (%) |  | 0.0 | %
Risk-free rate (%) |  | 2.3 | %
Volatility (%) |  | 50.0 | %
Expected term (years) |  | 10.0 | ​
Schedule of equity option activity and related information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, 2020
​ | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ | ​ | Weighted-average | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted-average | ​ | Weighted-average | ​ | Grant Date Value | ​ | Aggregate Intrinsic
​ |  | Stock Options |  | Grant Date Value | ​ | Exercise Price |  | Term (Years) |  | Value (in thousands) (a)
Beginning balance, outstanding |  | 3,797,319 | ​ | $ | 8.19 | ​ | $ | 15.95 | ​ | 4.2 | ​ | $ | 509
Forfeited |  | (22,437) | ​ | ​ | 8.42 | ​ | ​ | 18.52 | ​ | ​ | ​ | ​ | ​
Expired | ​ | (255,723) | ​ | ​ | 2.81 | ​ | ​ | 13.47 | ​ | ​ | ​ | ​ | ​
Ending balance, outstanding |  | 3,519,159 | ​ | $ | 8.58 | ​ | $ | 16.11 | ​ | 3.3 | ​ | $ | —
Ending balance, exercisable | ​ | 3,515,784 | ​ | $ | 8.58 | ​ | $ | 16.11 | ​ | 3.3 | ​ | $ | —
Nonvested at December 31, 2020 | ​ | 3,375 | ​ | ​ | N/A | ​ | $ | 22.22 | ​ | ​ | ​ | ​ | ​
(a)Aggregate intrinsic value for stock options is based on the difference between the exercise price of the stock options and the quoted closing Class A Common Stock price of $4.10 and $9.28 as of December 31, 2020 and 2019, respectively.
Schedule of percentage of stock settled incentives earned | ​
​ | ​ | ​
Stock Price at Vesting Date(1) | ​ | Percentage of Target Amount Earned
Less than $20.00 | ​ | 0%
At least $20.00, but less than $25.00 | ​ | 100%
$25.00 or greater | ​ | 200%
| (1) | The stock price at vesting date equals the greater of (i) the fair market value of a share of the Class A Common Stock on the vesting date, or (ii) the volume weighted-average closing price of a share of the Class A Common Stock, as reported on the NYSE, for the 30 trading days preceding the vesting date.
Schedule of stock-settled incentive awards outstanding | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Award Value
​ |  | Value at Target |  | Being Recognized
​ | ​ | (in thousands)
​ | ​ | ​ | ​ | ​ | ​ | ​
Nonvested as of December 31, 2019 | ​ | $ | 2,937 | ​ | $ | 1,122
Forfeited during 2020 | ​ | ​ | (410) | ​ | ​ | (157)
Awards earned and forfeited as market condition not satisfied as of vesting date | ​ | ​ | (2,527) | ​ | ​ | —
Cumulative expense recognized | ​ | $ | — | ​ | $ | 965
summary of ESPP activity | The following table summarizes ESPP activity (in thousands, except shares):
​ | ​ | ​ | ​
​ | ​ | For the year ended
​ |  | December 31, 2020
Cash received for shares issued | ​ | $ | 76
Shares issued | ​ | ​ | 15,132
Restricted Stock |
Schedule of restricted stock activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, 2020
​ | ​ | ​ | ​ | Weighted-average
​ |  | Restricted Stock Awards |  | Grant Date Fair Value
Nonvested at December 31, 2019 | ​ | 1,518,193 | ​ | $ | 10.08
Granted | ​ | 1,477,488 | ​ | ​ | 5.80
Vested | ​ | (578,281) | ​ | ​ | 11.79
Forfeited | ​ | (374,299) | ​ | ​ | 7.43
Repurchased | ​ | (40,029) | ​ | ​ | 7.81
Nonvested at December 31, 2020 | ​ | 2,003,072 | ​ | $ | 6.97
Restricted Stock Units |
Schedule of restricted stock activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the year ended December 31, 2020
​ | ​ | ​ | ​ | Weighted-average
​ |  | Restricted Stock Units |  | Grant Date Fair Value
Nonvested at December 31, 2019 |  | 1,250 | ​ | $ | 19.00
Vested |  | (625) | ​ | ​ | 20.00
Forfeited |  | (625) | ​ | ​ | 18.00
Nonvested at December 31, 2020 |  | — | ​ | $ | —
Performance share units |
Schedule of percentage of target PSUs earned | ​
​ | ​ | ​
Return on Assets at Performance Period-End Date | ​ | Percentage of Target PSUs Earned
Less than 9.6% | ​ | 0%
9.6% | ​ | 50%
12% | ​ | 100%
14.4% | ​ | 175%
​
​ | ​ | ​
Ranking Among Peer Group | ​ | Percentage of Target Amount Earned
Outside of Top 10 | ​ | 0%
Top 10 | ​ | 50%
Top 7 | ​ | 100%
Top 3 | ​ | 175%
​
​ | ​ | ​
Adjusted FCF Performance Percentage | ​ | Percentage of Target Amount Earned
Less than 70% | ​ | 0%
70% | ​ | 50%
100% | ​ | 100%
130% | ​ | 175%
Summary of activity related to the units outstanding | ​
​ | ​ | ​
​ |  | Performance Share Units
Nonvested as of December 31, 2019 | ​ | 1,014,990
Target shares granted | ​ | 753,378
Target shares forfeited | ​ | (4,459)
Target shares outstanding as of December 31, 2020 | ​ | 1,763,909

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