XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2
EQUITY-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of restricted stock awards
The following table summarizes time-based restricted stock award activity under our Equity Plan for the nine months ended September 30, 2020:
 
 Number
 of Shares		Weighted Average
Grant Date 
Fair Value		Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 2019448,467 $12.51 $5,534 
Granted299,562 8.47  
Vested(172,170)13.31  
Forfeited(2,282)8.64  
Non-vested at September 30, 2020573,577 $10.18 $2,971 
The following table summarizes performance-based restricted stock activity under the Equity Plan for the nine months ended September 30, 2020:
 
 Number 
of Shares		Weighted Average
Grant Date 
Fair Value (1)		Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 2019755,991 $14.31 $9,329 
Granted376,609 9.38  
Forfeited(210,361)17.13  
Non-vested at September 30, 2020922,239 $11.65 $4,777 

(1) The amounts included in this column represent the expected future value of the performance-based restricted stock awards calculated using the Monte Carlo simulation valuation model.
Schedule of equity-based compensation expense
Equity-based compensation expense included in Corporate general and administrative expenses in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2020 and 2019 was as follows (in thousands):
 
 For the
Three Months Ended
September 30,		For the
Nine Months Ended
September 30,
 2020201920202019
Time-based restricted stock$622 $588 $1,847 $1,736 
Performance-based restricted stock895 862 2,664 2,534 
Director stock— — 447 496 
 $1,517 $1,450 $4,958 $4,766 
Schedule of unrecognized equity-based compensation expense for all non-vested awards
Unrecognized equity-based compensation expense for all non-vested awards pursuant to our Equity Plan was $8.9 million at September 30, 2020 and will be recorded as follows (in thousands):
 
 Total20202021202220232024
Time-based restricted stock$3,763 $623 $1,855 $1,037 $232 $16 
Performance-based restricted stock5,137 895 2,654 1,392 196 — 
 $8,900 $1,518 $4,509 $2,429 $428 $16