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STOCKHOLDERS' EQUITY (Tables) | 12 Months Ended
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Dec. 31, 2019
STOCKHOLDERS' EQUITY |
Schedule of the stock option transactions |
|  | Number |  | Weighted Average Exercise Price Per Share |  | Aggregate Intrinsic Value(1) (In thousands) |  | Weighted Average Remaining Contractual Life (Years)
Outstanding at December 31, 2016 (Predecessor) |  | 5,319,400 |  | $ | 9.22 |  | $ | 631 |  | 9.7
Granted |  | 1,790,605 |  |  | 7.72 |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |
Forfeited |  | (374,102) |  |  | 8.82 |  |  |  |  |
Outstanding at December 31, 2017 (Predecessor) |  | 6,735,903 |  | $ | 8.84 |  | $ | 29 |  | 8.9
Granted |  | 1,206,800 |  |  | 5.65 |  |  |  |  |
Exercised |  | (41,667) |  |  | 7.75 |  |  | 29 |  |
Forfeited |  | (432,110) |  |  | 8.68 |  |  |  |  |
Outstanding at December 31, 2018 (Predecessor) |  | 7,468,926 |  | $ | 8.34 |  | $ | — |  | 8.1
Granted |  | — |  |  | — |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |
Forfeited |  | (5,182,238) |  |  | 8.38 |  |  |  |  |
Cancelled(2) |  | (2,286,688) |  |  | 8.26 |  |  |  |  |
Outstanding at October 1, 2019 (Predecessor) |  | — |  | $ | — |  | $ | — |  | —
Outstanding at October 1, 2019 (Successor) |  | — |  |  |  |  |  |  |  |
Granted |  | — |  |  |  |  |  |  |  |
Exercised |  | — |  |  |  |  |  |  |  |
Forfeited |  | — |  |  |  |  |  |  |  |
Outstanding at December 31, 2019 (Successor) |  | — |  | $ | — |  | $ | — |  | —
| (1) |  | The period end intrinsic value of stock options was calculated as the amount by which the closing market price on December 31, 2018, 2017 and 2016 (Predecessor) of the underlying stock exceeded the exercise price of the option. The intrinsic value of stock options exercised during the year ended December 31, 2018 (Predecessor) was calculated as the amount by which the market price at the time of exercise of the underlying stock exceeded the exercise price of the option.
| (2) |  | Immediately prior to emergence from chapter 11 bankruptcy, all outstanding options under the 2016 Plan were cancelled.
Schedule of assumptions used in calculating fair value of the Company's stock-based compensation |
|  | Predecessor |
|  | Years Ended December 31, |
|  | 2018 |  | 2017 |
Weighted average value per option granted during the period |  | $ | 2.92 |  | $ | 4.36 |
Assumptions: |  |  |  |  |  |  |
Stock price volatility(1) |  |  | 52.08 | % |  | 60.18 | %
Risk free rate of return |  |  | 2.63 | % |  | 1.94 | %
Expected term |  |  | 6 | years |  | 6 | years
| (1) |  | Due to the Predecessor Company’s limited historical data, expected volatility was estimated using volatilities of similar entities whose share or option prices and assumptions were publicly available.
Schedule of the restricted stock transactions | The following table sets forth the restricted stock transactions for the periods indicated:
|  | Number of Shares |  | Weighted Average Grant Date Fair Value Per Share |  | Aggregate Intrinsic Value(1) (In thousands)
Unvested outstanding shares at December 31, 2016 (Predecessor) |  | 1,738,077 |  | $ | 9.06 |  | $ | 16,234
Granted |  | 2,022,432 |  |  | 7.07 |  |  |
Vested |  | (2,516,647) |  |  | 8.39 |  |  |
Forfeited |  | (498,355) |  |  | 7.41 |  |  |
Unvested outstanding shares at December 31, 2017 (Predecessor) |  | 745,507 |  | $ | 7.05 |  | $ | 5,643
Granted |  | 2,326,961 |  |  | 5.47 |  |  |
Vested |  | (537,411) |  |  | 5.89 |  |  |
Forfeited |  | (262,164) |  |  | 6.29 |  |  |
Unvested outstanding shares at December 31, 2018 (Predecessor) |  | 2,272,893 |  | $ | 5.80 |  | $ | 3,864
Granted |  | 4,163,348 |  |  | 1.29 |  |  |
Vested |  | (1,611,465) |  |  | 4.65 |  |  |
Accelerated vesting(2) |  | (2,724,086) |  |  | 2.07 |  |  |
Forfeited |  | (2,100,690) |  |  | 2.58 |  |  |
Unvested outstanding shares at October 1, 2019 (Predecessor) |  | — |  | $ | — |  | $ | —
Unvested outstanding shares at October 1, 2019 (Successor) |  | — |  |  |  |  |  |
Granted |  | — |  |  |  |  |  |
Vested |  | — |  |  |  |  |  |
Forfeited |  | — |  |  |  |  |  |
Unvested outstanding shares at December 31, 2019 (Successor) |  | — |  | $ | — |  | $ | —
| (1) |  | The intrinsic value of restricted stock was calculated as the closing market price on December 31, 2018, 2017 and 2016 (Predecessor) of the underlying stock multiplied by the number of restricted shares. The total fair value of shares vested was $1.8 million, $2.0 million and $16.1 million for the period of January 1, 2019 through October 1, 2019 (Predecessor), the years ended December 31, 2018 and 2017 (Predecessor), respectively.
Immediately prior to emergence from chapter 11 bankruptcy, all outstanding unvested restricted stock under the 2016 Plan was vested

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