v3.8.0.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments Abstract  
Schedule Of Restricted Stock Units Market Based
Three MonthsYear
EndedEnded
March 31,December 31,
20182017
(amounts in thousands, except per share data)
Reconciliation of RSUs with Service And Market Conditions
Beginning of period balance650630
Number of RSUs granted-70
Number of RSUs forfeited (110)-
Number of RSUs vested-(50)
End of period balance540650
Weighted average fair value of RSUs granted
with market conditions$-$9.81
Schedule Of Other Options Dislcosure
Three Months Ended March 31,
Option Exercise Data20182017
(amounts in thousands)
Intrinsic value of options exercised$101$50
Tax benefit from options exercised (1)$27$20
Cash received from exercise price of options exercised$13$5
Stock Option Valuation Assumptions
Three MonthsYear
EndedEnded
March 31,December 31,
20182017
Expected Volatility Term Structure (1) - 54%
Risk-Free Interest Rate (2) - 1.8%
Annual Dividend Payment Per Share (Constant) (3)$ - $3.3%
Schedule Of significant ranges of outstanding and exercisable options
Options OutstandingOptions Exercisable
Number of Weighted Number of
OptionsAverageWeighted OptionsWeighted
Range ofOutstandingRemaining AverageExercisable Average
Exercise PricesMarch 31,ContractualExerciseMarch 31,Exercise
FromTo2018LifePrice2018Price
$1.34$1.34290,4370.9$1.34290,437$1.34
$2.02$13.98571,4102.6$12.02571,410$12.02
$1.34$13.98861,8472.0$8.42861,847$8.42
Schedule of recognized stock-based compensation expense
Three Months Ended
March 31,
20182017
(amounts in thousands)
Station operating expenses$1,958$204
Corporate general and administrative expenses1,9551,389
Stock-based compensation expense included in operating expenses3,9131,593
Income tax benefit (1)816508
After-tax stock-based compensation expense$3,097$1,085
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest
NumberWeightedAggregate
ofWeightedAverageIntrinsic
Restricted AverageRemainingValue as of
StockPurchaseContractualMarch 31,
Period EndedUnitsPriceTerm (Years)2018
RSUs outstanding as of: December 31, 20174,285,290
RSUs awarded28,700
RSUs released(946,187)
RSUs forfeited(186,485)
RSUs outstanding as of: March 31, 20183,181,318$-1.4$30,223,813
RSUs vested and expected
to vest as of:March 31, 20183,181,318$-1.3$30,223,813
RSUs exercisable (vested and
deferred) as of:March 31, 201848,880$--$464,360
Weighted average remaining
recognition period in years2.0
Unamortized compensation
expense$28,135,832
Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding
WeightedIntrinsic
WeightedAverageValue
AverageRemainingas of
Number ofExerciseContractualMarch 31,
Period EndedOptionsPriceTerm (Years)2018
Options outstanding as of:December 31, 2017883,347$8.38
Options granted--
Options exercised(10,000)1.34
Options forfeited--
Options expired(11,500)11.72
Options outstanding as of:March 31, 2018861,847$8.422.0$2,408,821
Options vested and expected to
vest as of:March 31, 2018861,847$8.422.0$2,408,821
Options vested and exercisable as of:March 31, 2018861,847$8.422.0$2,408,821
Weighted average remaining
recognition period in years-
Unamortized compensation expense$-