Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-based compensation

Schedule of stock option activity

	For the Year Ended December 31, 2024
	Options	Weighted- Average Exercise Price		Aggregate Intrinsic Value (in thousands)		Weighted- Average Remaining Contractual Life
Total options outstanding, beginning of period (1)	16,087,146	$	55.48
Granted (2)	7,055,206	$	14.43
Exercised	(315,595)	$	14.16
Forfeited and cancelled (3)	(9,267,724)	$	41.58
Total options outstanding, end of period	13,559,033	$	44.58	$	59,949	7.32
Performance/market based options outstanding, end of period (4)	4,300,088	$	84.39
Exercisable, end of period	3,606,304	$	43.15	$	13,075	6.18

(1) The beginning of period weighted-average exercise price for the year ended December 31, 2024 of $55.48 does not reflect the Exchange Offer, which occurred subsequent to December 31, 2023.

(2) Includes approximately 6 million stock options granted in connection with the Exchange Offer.

(3) Includes approximately 7 million stock options cancelled in connection with the Exchange Offer.

(4) These stock options are included in the caption “Total options outstanding, end of period.” See discussion of the 2017 LTIP, 2019 LTIP, 2022 Incentive Plan and Ergen 2020 Performance Award below.

Schedule of realized tax benefits from stock awards exercised

	For the Years Ended December 31,
	2024		2023		2022
	(In thousands)
Tax benefit from stock awards exercised	$	2,150	$	1,384	$	573

Schedule of restricted stock unit activity

	For the Year Ended
	December 31, 2024
	Restricted Stock Units/Awards	Weighted- Average Grant Date Fair Value
Total restricted stock units/awards outstanding, beginning of period	48,645	$	98.78
Granted	342,602	$	16.60
Vested	(293,001)	$	22.78
Forfeited and cancelled	(7,018)	$	101.09
Total restricted stock units/awards outstanding, end of period	91,228	$	34.08

Schedule of stock options and restricted stock units and awards

	For the Years Ended December 31,
	2024		2023		2022
	(In thousands, except per share amounts)
Stock options:
Weighted-average grant date fair value of options granted	$	14.43	$	22.28	$	53.20
Intrinsic value of options exercised	$	2,275	$	—	$	98
Restricted stock units and awards:
Weighted-average grant date fair value of units and awards granted	$	16.60	$	17.50	$	40.06
Fair value of units and rewards vested	$	6,469	$	9,926	$	2,212

Schedule of non-cash, stock-based compensation expense recognized

	For the Years Ended December 31,
Non-Cash, Stock-Based Compensation Expense Recognized (1)	2024		2023		2022
	(In thousands)
2022 Incentive Plan	$	1,149	$	7,346	$	19,088
2019 LTIP		—		(1,903)		(97)
Ergen 2020 Performance Award		10,816		12,308		12,308
Other employee performance awards		—		462		4,502
Total non-cash, stock-based compensation expense recognized for performance based awards	$	11,965	$	18,213	$	35,801

(1) “Non-Cash, Stock-Based Compensation Expense Recognized” includes actual forfeitures.

Schedule of awards outstanding pursuant to performance-based stock incentive plans

	As of December 31, 2024
Performance Based Stock Options	Number of Awards	Weighted- Average Grant Price
2022 Incentive Plan	154,257	$	14.64
2019 LTIP	208,024	$	60.37
2017 LTIP	429,037	$	165.32
Ergen 2020 Performance Award	3,508,770	$	78.98
Total	4,300,088	$	84.39

Schedule of allocated non-cash, stock-based compensation expense for all employees

	For the Years Ended December 31,
	2024		2023		2022
	(In thousands)
Cost of services	$	1,376	$	2,610	$	6,511
Selling, general and administrative		35,007		48,904		76,483
Total non-cash, stock-based compensation	$	36,383	$	51,514	$	82,994

Schedule of assumptions of Black-Scholes option valuation model

	For the Years Ended December 31,
Stock Options	2024							2023							2022
Risk-free interest rate		3.58	%	-		4.49	%		3.58	%	-		4.61	%		1.35	%	-		4.02	%
Volatility factor		37.10	%	-		46.39	%		34.30	%	-		41.25	%		32.67	%	-		34.84	%
Expected term of options in years		3.3		-		6.7			4.1		-		6.6			4.1		-		6.0
Fair value of options granted	$	5.15		-	$	12.40		$	7.40		-	$	7.77		$	5.97		-	$	9.27

2022 Incentive Plan, 2019 LTIP, 2013 LTIP and Other

Share-based compensation

Schedule of unrecognized non-cash, stock-based compensation expense

Estimated Remaining Non-Cash, Stock-Based Compensation Expense	2022 Incentive Plan		Ergen 2020 Performance Award
	(In thousands)
Expense estimated to be recognized during 2025	$	1,087	$	7,639
Estimated contingent expense subsequent to 2025		161		9,274
Total estimated remaining expense over the term of the plan	$	1,248	$	16,913