v3.23.1

SHARE-BASED COMPENSATION (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Changes in RSUs | The following is a summary of the changes in RSUs under the Plan during the current period:
| Period Ended |  | Number of Restricted Stock Units |  | Weighted Average Purchase Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value as of March 31, 2023
| (amounts in thousands)
RSUs outstanding as of: | December 31, 2022 |  | 6,070 |  |  |  |  |  |  |
RSUs awarded | March 31, 2023 |  | 6,012 |  |  |  |  |  |  |
RSUs released | March 31, 2023 |  | (2,846) |  |  |  |  |  |  |
RSUs forfeited | March 31, 2023 |  | (140) |  |  |  |  |  |  |
RSUs outstanding as of: | March 31, 2023 |  | 9,096 |  |  | $ | — |  |  | 1.84 |  | $ | 1,299 |
RSUs vested and expected to vest as of: | March 31, 2023 |  | 9,096 |  |  | $ | — |  |  | 1.84 |  | $ | 1,294 |
RSUs exercisable (vested and deferred) as of: | March 31, 2023 |  | 5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Weighted average remaining recognition period in years |  |  | 2.76 |  |  |  |  |  |
Unamortized compensation expense |  |  | $ | 6,680 |  |  |  |  |  |  |
Schedule of Option Activity | The following table presents the option activity during the current period under the Plan:
| Period Ended |  | Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Intrinsic Value as of March 31 2023
| (amounts in thousands)
Options outstanding as of: | December 31, 2022 |  | 609 |  |  | $ | 11.33 |  |  |  |  |
Options exercised | March 31, 2023 |  | — |  |  | — |  |  |  |  |
Options outstanding as of: | March 31, 2023 |  | 609 |  |  | $ | 11.33 |  |  | 1.56 |  | $ | — |
Options vested and expected to vest as of: | March 31, 2023 |  | 609 |  |  | $ | 11.33 |  |  | 1.56 |  | $ | — |
Options vested and exercisable as of: | March 31, 2023 |  | 609 |  |  | $ | 11.33 |  |  | 1.56 |  | $ | — |
Weighted average remaining recognition period in years |  |  | 0.0 |  |  |  |  |  |
Unamortized compensation expense |  |  | $ | — |  |  |  |  |  |  |
Schedule of Significant Ranges of Outstanding and Exercisable Options | The following table summarizes significant ranges of outstanding and exercisable options as of the current period:
|  |  |  | Options Outstanding |  | Options Exercisable
|  |  |  | (amounts in thousands)
Range of Exercise Prices |  | Number of Options Outstanding March 31, 2023 |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price |  | Number of Options Exercisable March 31, 2023 |  | Weighted Average Exercise Price
From |  | To
$ | 3.54 |  |  | 7.01 |  |  | 67 |  |  | 6.2 |  | 5.40 |  |  | 67 |  |  | $ | 5.40 |
$ | 9.66 |  |  | 13.98 |  |  | 542 |  |  | 1 |  | 12.06 |  |  | 542 |  |  | $ | 12.06 |
$ | 3.54 |  |  | 13.98 |  |  | 609 |  |  | 1.56 |  | 11.33 |  |  | 609 |  |  | $ | 11.33 |
Schedule of Non-Cash Stock-Based Compensation Expense | The following non-cash stock-based compensation expense, which is related primarily to RSUs, is included in each of the respective line items in the Company’s statement of operations:
| Three Months Ended March 31,
| 2023 |  | 2022
| (amounts in thousands)
Station operating expenses | $ | 712 |  |  | $ | 1,170 |
Corporate general and administrative expenses | 1,178 |  |  | 1,820 |
Stock-based compensation expense included in operating expenses | 1,890 |  |  | 2,990 |
Income tax benefit (1) | 504 |  |  | 671 |
After-tax stock-based compensation expense | $ | 1,386 |  |  | $ | 2,319 |
(1) Amounts exclude impact from any compensation expense subject to Section 162(m) of the Code, which is nondeductible for income tax purposes.

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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding restricted stock units that are fully vested and expected to vest. Includes, but is not limited to, unvested restricted stock units for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + 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 (e)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + 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 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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