v3.23.2
SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 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 EndedNumber of Restricted Stock Units*Weighted Average Purchase PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value as of June 30,
2023
(amounts in thousands)
RSUs outstanding as of:December 31, 2022208 
RSUs awardedJune 30, 2023200 
RSUs releasedJune 30, 2023(112)
RSUs forfeitedJune 30, 2023(12)
RSUs outstanding as of:June 30, 2023284 $— 1.68$605 
RSUs vested and expected to vest as of:June 30, 2023283 $— 1.68$602 
RSUs exercisable (vested and deferred) as of:June 30, 2023— $— $— $— 
Weighted average remaining recognition period in years2.66
Unamortized compensation expense$5,321 
*Reverse Stock Split applied
Schedule of Option Activity
The following table presents the option activity during the current period under the Plan:
Period EndedNumber of Options*Weighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Intrinsic Value as of June 30
2023
(amounts in thousands)
Options outstanding as of:December 31, 202220 $339.90 
Options expiredJune 30, 2023(5)397.20 
Options outstanding as of:June 30, 202315 $320.55 1.81$— 
Options vested and expected to vest as of:June 30, 202315 $320.55 1.81$— 
Options vested and exercisable as of:June 30, 202315 $320.55 1.81$— 
Weighted average remaining recognition period in years0.0
Unamortized compensation expense$— 
*Reverse Stock Split applied
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 OutstandingOptions Exercisable
(amounts in thousands)
Range of
Exercise Prices		Number of Options Outstanding June 30,
2023		Weighted
Average
Remaining
Contractual
Life		Weighted
Average
Exercise
Price		Number of Options Exercisable June 30,
2023		Weighted
Average
Exercise
Price
FromTo
$106.20 210.3 2 6.0162.05 2 $162.05 
$289.80 419.4 13 1.1347.75 13 $347.75 
$106.20 419.4 15 1.81320.55 15 $320.55 
*Reverse Stock Split applied
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
June 30,
20232022
(amounts in thousands)
Station operating expenses$433 $990 
Corporate general and administrative expenses616 2,113 
Stock-based compensation expense included in operating expenses1,049 3,103 
Income tax benefit (1)
195 683 
After-tax stock-based compensation expense$854 $2,420 
Six Months Ended
June 30,
20232022
(amounts in thousands)
Station operating expenses$1,146 $2,160 
Corporate general and administrative expenses1,852 3,933 
Stock-based compensation expense included in operating expenses2,998 6,093 
Income tax benefit (1)
585 1,354 
After-tax stock-based compensation expense$2,413 $4,739 
(1) Amounts exclude impact from any compensation expense subject to Section 162(m) of the Code, which is nondeductible for income tax purposes.