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STOCKHOLDERS’ EQUITY (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Share Repurchase Activity
Total share repurchase activity during the six months ended June 30, 2022 was as follows:
(in thousands, except share and per share data)Six Months Ended June 30, 2022
Number of common shares repurchased350,616 
Total cost$13,288 
Average cost per share, including commissions$37.90 
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There was no share repurchase activity during the three months ended June 30, 2022 and the three and six months ended June 30, 2021.
Schedule of Outstanding Warrants, Options, and Contingent Shares The Company issued warrants, options and other contingent consideration in acquisitions and strategic partnerships that are expected to result in the issuance of common shares in future periods resulting from the exercise of warrants and options or the achievement of certain performance targets. These incremental shares as of June 30, 2022 are summarized below:
Sinclair Penny Warrants (Note 2)7,911,724
Sinclair Performance Warrants (Note 2)3,279,337
Sinclair Options(1) (Note 2)
1,639,669
MKF penny warrants (Note 5)34,455
MKF contingent shares (Note 5)393,779
Telescope contingent shares (Note 5)75,678
SportCaller contingent shares(2) (Note 5)
344,620
Outstanding awards under Equity Incentive Plans (Note 14)1,002,043
14,681,305
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(1)    Consists of four equal tranches to purchase shares with exercise prices ranging from $30.00 to $45.00 per share, exercisable over a seven-year period beginning on the fourth anniversary of the November 18, 2020 closing of the Sinclair Agreement.
(2)    The contingent consideration related to the SportCaller acquisition is 6.5M EUR as of June 30, 2022, payable in shares subject to certain post-acquisition earn-out targets and based on share price at time of payment. For purposes of this estimate, the Company used the EUR>US Dollar conversion rate of 1.0487 as of June 30, 2022 and the closing share price of Company common shares of $19.78 per share to calculate the shares expected to be issued if earn-out targets are met.