XML 73 R45.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Share Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Share-based Payment Arrangement [Abstract] |
Summary of Awards | The following table presents a summary of the Company’s unvested restricted stock awards:
| Number of Shares |  | Weighted- Average Grant Date Fair Value
| (In thousands) |  |
Unvested restricted shares outstanding at December 31, 2018 | 365 |  |  | $ | 16.07 |
Granted | 93 |  |  | $ | 8.06 |
Vested | (210) |  |  | $ | 16.29 |
Forfeited / Canceled | (15) |  |  | $ | 16.25 |
Unvested restricted shares outstanding at December 31, 2019 | 233 |  |  | $ | 12.66 |
Granted | 105 |  |  | $ | 2.15 |
Vested | (174) |  |  | $ | 11.53 |
Forfeited / Canceled | (50) |  |  | $ | 15.97 |
Unvested restricted shares outstanding at December 31, 2020 | 114 |  |  | $ | 3.26 |
Granted | 56 |  |  | $ | 5.26 |
Vested (1) | (111) |  |  | $ | 2.99 |
Forfeited / Canceled | (2) |  |  | $ | 16.25 |
Unvested restricted shares outstanding at December 31, 2021 | 57 |  |  | $ | 5.26 |
____________________ (1) The aggregate intrinsic value of restricted stock that vested during 2021 was approximately $0.6 million based on the stock price at the time of vesting. The following table presents a summary of the Company’s unvested restricted stock units:
|  | Number of Units |  | Weighted- Average Grant Date Fair Value
|  | (In thousands) |  |
Unvested restricted stock units outstanding at December 31, 2020 |  | 1,410 |  |  | $ | 1.10 |
Granted |  | 178 |  |  | $ | 7.58 |
Vested (1) |  | (477) |  |  | $ | 1.14 |
Forfeited / Canceled |  | (705) |  |  | $ | 0.94 |
Unvested restricted stock units outstanding at December 31, 2021 |  | 406 |  |  | $ | 4.18 |
____________________ (1) The aggregate intrinsic value of restricted stock units that vested during 2021 was approximately $2.4 million based on the stock price at the time of vesting. The following table presents a summary of the Company's performance share units:
|  | Number of Units |  | Weighted- Average Grant Date Fair Value
|  | (In thousands) |  |
Unvested performance share units outstanding at December 31, 2018 |  | 111 |  |  | $ | 20.41 |
Granted |  | — |  |  |
Vested |  | (19) |  |  | $ | 15.11 |
Forfeited / Canceled |  | — |  |  |
Unvested performance share units outstanding at December 31, 2019 |  | 92 |  |  | $ | 20.41 |
Granted |  | 205 |  |  | $ | 1.66 |
Vested |  | (92) |  |  | $ | 20.41 |
Forfeited / Canceled |  | — |  |  |
Unvested performance share units outstanding at December 31, 2020 |  | 205 |  |  | $ | 1.66 |
Granted |  | 39 |  |  | $ | 5.01 |
Vested (1) |  | (197) |  |  | $ | 1.70 |
Forfeited / Canceled |  | (13) |  |  | $ | 2.38 |
Unvested performance share units outstanding at December 31, 2021 |  | 34 |  |  | $ | 5.01 |
____________________ (1) The aggregate intrinsic value of performance share units that vested during 2021 was approximately $0.8 million.
Schedule of Weighted Average Assumptions | The fair value of stock options is estimated on the date of the grant using a Black-Scholes valuation model that uses the weighted average assumptions noted in the following table. Expected volatility is based on historical volatility of the Company’s common stock and other factors. The Company uses historical data on the exercise of stock options, post-vesting forfeitures and other factors to estimate the expected term of the stock-based payments granted. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. Generally, stock options granted to employees and directors vest ratably over three years from the grant date and expire seven years from the date of grant.
Assumptions |  | For the Year Ended December 31, 2021
Risk-free interest rate |  | 0.79 | %
Expected dividend yield |  | — | %
Expected volatility |  | 78.2 | %
Expected term |  | 5 years
Summary of Stock Option Activity | The following table presents a summary of the Company's stock option activity for the year ended December 31, 2021 and 2020:
|  | Number of Shares |  | Weighted Average Exercise Price per Share |  | Weighted Average Remaining Contractual Term(years) |  | Aggregate Intrinsic Value (in millions)
|  | (In thousands) |  |  |  |  |  |
Outstanding at December 31, 2019 |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Granted |  | 245 |  |  | — |  |  | — |  |  | — |
Forfeited / Canceled |  | (154) |  |  | — |  |  | — |  |  | — |
Outstanding at December 31, 2020 |  | 91 |  |  | $ | — |  |  | 2.68 |  | $ | 0.24 |
Exercisable at December 31, 2020 |  | — |  |  | $ | — |  |  | — |  |  | $ | — |
Outstanding at December 31, 2020 |  | 91 |  |  | $ | — |  |  | 2.68 |  | $ | 0.24 |
Granted |  | 250 |  |  | — |  |  | — |  |  | — |
Exercised |  | (9) |  |  | $ | 6.43 |  |  | — |  |  | — |
Expired |  | (1) |  |  | — |  |  | — |  |  | — |
Forfeited / Canceled |  | (7) |  |  | — |  |  | — |  |  | — |
Outstanding at December 31, 2021 (1) |  | 324 |  |  | $ | — |  |  | 7.80 |  | $ | 0.80 |
Exercisable at December 31, 2021 |  | 24 |  |  | $ | — |  |  | 1.59 |  | $ | 0.19 |
____________________ (1) All outstanding stock options as of December 31, 2021 are expected to vest.
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The following tables summarize the Company's share and incentive-based compensation for the years ended December 31, 2021, 2020 and 2019 (in thousands):
|  | Recurring Compensation Expense (1) |  | Executive Terminations (2) |  | Reduction in Force (2) |  | Accelerated Vesting (3) |  | Total
Year Ended December 31, 2021 |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards and units |  | $ | 773 |  |  | $ | — |  |  | $ | 11 |  |  | $ | — |  |  | $ | 784 |
Performance share units |  | 476 |  |  | — |  |  | 6 |  |  | — |  |  | 482 |
Stock options |  | 128 |  |  | — |  |  | — |  |  | — |  |  | 128 |
Total share-based compensation expense |  | 1,377 |  |  | — |  |  | 17 |  |  | — |  |  | 1,394 |
Less: Capitalized compensation expense |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Share and incentive-based compensation expense, net |  | $ | 1,377 |  |  | $ | — |  |  | $ | 17 |  |  | $ | — |  |  | $ | 1,394 |
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 974 |  |  | $ | 508 |  |  | $ | 40 |  |  | $ | — |  |  | $ | 1,522 |
Performance share units |  | 211 |  |  | 1,276 |  |  | — |  |  | — |  |  | 1,487 |
Stock options |  | 22 |  |  | — |  |  | — |  |  | — |  |  | 22 |
Total share-based compensation expense |  | 1,207 |  |  | 1,784 |  |  | 40 |  |  | — |  |  | 3,031 |
Less: Capitalized compensation expense |  | (19) |  |  | — |  |  | — |  |  | — |  |  | (19) |
Share and incentive-based compensation expense, net |  | $ | 1,188 |  |  | $ | 1,784 |  |  | $ | 40 |  |  | $ | — |  |  | $ | 3,012 |
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |  |
Equity-classified awards: |  |  |  |  |  |  |  |  |  |
Restricted stock awards |  | $ | 2,526 |  |  | $ | 197 |  |  | $ | 500 |  |  | $ | — |  |  | $ | 3,223 |
Performance share units |  | 282 |  |  | 281 |  |  | — |  |  | — |  |  | 563 |
Stock options |  | 661 |  |  | 12 |  |  | — |  |  | — |  |  | 673 |
Total share-based compensation expense |  | 3,469 |  |  | 490 |  |  | 500 |  |  | — |  |  | 4,459 |
Less: Capitalized compensation expense |  | (204) |  |  | — |  |  | — |  |  | — |  |  | (204) |
Share and incentive-based compensation expense, net |  | $ | 3,265 |  |  | $ | 490 |  |  | $ | 500 |  |  | $ | — |  |  | $ | 4,255 |
____________________ (1)Recorded in general and administrative expense in the accompanying consolidated statements of operations. (2)Recorded in employee termination benefits in the accompanying consolidated statements of operations. (3)Recorded in accelerated vesting of employment compensation in the accompanying consolidated statements of operations.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + 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 (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 http://asc.fasb.org/extlink&oid=120381028&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 http://asc.fasb.org/extlink&oid=120381028&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 http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + 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 (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration