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Accounting for Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Schedule of Share-based Compensation Expense | The following table reflects the impact of total compensation expense related to stock-based equity plans on the reported operating results for the respective periods (in millions):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Effect on income before income taxes |  | $ | (6 | ) |  | $ | (5 | ) |  | $ | (14 | ) |  | $ | (18 | )
Effect on net (loss) income |  | $ | (5 | ) |  | $ | (4 | ) |  | $ | (11 | ) |  | $ | (14 | )
Schedule of Share-based Payment Awards, Stock Options, Valuation Assumptions | The fair value of stock options was estimated using the Black Scholes option pricing model with the following assumptions and weighted-average fair values during the three and nine months ended September 30, 2022 and 2021:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |
|  | 2022 |  | 2021 |  | 2022 |  |  | 2021 |
Expected volatility |  | N/A |  | N/A |  | 84.3% - 87.5% |  |  | 84.3% - 88.9% |
Expected dividends |  | N/A |  | N/A |  |  | — |  |  |  | — |
Expected term |  | N/A |  | N/A |  | 3 - 6 years |  |  | 3 - 6 years |
Risk-free interest rate |  | N/A |  | N/A |  | 1.5% - 1.6% |  |  | 0.3% - 0.9% |
Schedule of Share-based Compensation, Stock Options, Activity | Options outstanding and exercisable under the 2009 Plan as of September 30, 2022, and changes during each of the three-month periods following December 31, 2021, was as follows (in millions, except share and per share data):
|  |  |  |  |  |  |  |  |  | Weighted- |  | Aggregate |
|  |  |  |  |  | Weighted- |  |  | Average |  | Intrinsic |
|  |  |  |  |  | Average |  |  | Remaining |  | Value as of |
|  |  |  |  |  | Exercise |  |  | Contractual |  | September 30, |
|  | Shares |  |  | Price |  |  | Term |  | 2022 |
Outstanding at December 31, 2021 |  |  | 2,301,753 |  |  | $ | 6.77 |  |  |  |  |  |  |
Granted |  |  | 760,000 |  |  |  | 10.18 |  |  |  |  |  |  |
Exercised |  |  | (56,500 | ) |  |  | 4.97 |  |  |  |  |  |  |
Forfeited and cancelled |  |  | (151,002 | ) |  |  | 14.67 |  |  |  |  |  |  |
Outstanding at March 31, 2022 |  |  | 2,854,251 |  |  |  | 7.30 |  |  |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  |  |  |  |
Forfeited and cancelled |  |  | — |  |  |  | — |  |  |  |  |  |  |
Outstanding at June 30, 2022 |  |  | 2,854,251 |  |  |  | 7.30 |  |  |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |
Exercised |  |  | — |  |  |  | — |  |  |  |  |  |  |
Forfeited and cancelled |  |  | — |  |  |  | — |  |  |  |  |  |  |
Outstanding at September 30, 2022 |  |  | 2,854,251 |  |  | $ | 7.30 |  |  | 8.0 years |  | $ | — |
Exercisable at September 30, 2022 |  |  | 1,320,912 |  |  | $ | 5.63 |  |  | 7.2 years |  | $ | — |
Schedule of Share-based Compensation, Restricted Stock, Activity | Restricted stock outstanding under the 2009 Plan as of September 30, 2022, and changes during each of the three-month periods following December 31, 2021, was as follows:
|  |  |  |  |  | Weighted- |
|  |  |  |  |  | Average Grant |
|  | Shares |  |  | Date Fair Value |
Unvested at December 31, 2021 |  |  | 4,995,314 |  |  | $ | 6.30 |
Granted |  |  | 3,179,000 |  |  |  | 9.05 |
Vested |  |  | (2,516,247 | ) |  |  | 5.62 |
Forfeited |  |  | (30,000 | ) |  |  | 6.87 |
Unvested at March 31, 2022 |  |  | 5,628,067 |  |  |  | 8.61 |
Granted |  |  | 41,000 |  |  |  | 5.00 |
Vested |  |  | (17,000 | ) |  |  | 10.65 |
Forfeited |  |  | (72,670 | ) |  |  | 9.77 |
Unvested at June 30, 2022 |  |  | 5,579,397 |  |  |  | 8.56 |
Granted |  |  | — |  |  |  | — |
Vested |  |  | — |  |  |  | — |
Forfeited |  |  | (23,003 | ) |  |  | 8.10 |
Unvested at September 30, 2022 |  |  | 5,556,394 |  |  |  | 8.56 |
Schedule of Share-based Compensation, Restricted Stock Units, Activity | RSUs outstanding under the 2009 Plan as of September 30, 2022, and changes during each of the three-month periods following December 31, 2021, was as follows:
|  |  |  |  |  | Weighted- |
|  |  |  |  |  | Average Grant |
|  | Shares |  |  | Date Fair Value |
Unvested at December 31, 2021 |  |  | 486,598 |  |  | $ | 6.17 |
Granted |  |  | 159,138 |  |  |  | 10.18 |
Vested |  |  | (151,058 | ) |  |  | 5.63 |
Forfeited |  |  | — |  |  |  | — |
Unvested at March 31, 2022 |  |  | 494,678 |  |  |  | 7.63 |
Granted |  |  | 17,682 |  |  |  | 5.00 |
Vested |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |
Unvested at June 30, 2022 |  |  | 512,360 |  |  |  | 7.54 |
Granted |  |  | — |  |  |  | — |
Vested |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |
Unvested at September 30, 2022 |  |  | 512,360 |  |  |  | 7.54 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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