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EQUITY-BASED COMPENSATION
6 Months Ended
Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
EQUITY-BASED COMPENSATION

NOTE 8.  EQUITY–BASED COMPENSATION

 

We grant various forms of equity–based compensation to our senior management and directors.  These equity–based awards currently consist of restricted stock units (“RSUs”).

 

In March 2019, we issued 0.5 million RSUs to our senior management, which vested 50% on April 12, 2019 and the remaining 50% will vest on January 29, 2021, and an additional 0.2 million RSUs, all of which vest on September 29, 2020.  The fair value of the RSUs on the date of grant was $2.5 million.

 

We recognized equity–based compensation costs of $1.6 million in each of the three months ended June 30, 2019 and 2018 and $2.4 million and $2.6 million in the six months ended June 30, 2019 and 2018, respectively.  These costs are included in “Selling, general and administrative expenses” on our unaudited condensed consolidated statements of operations.  

 

As of June 30, 2019, we had $5.2 million of unrecognized equity–based compensation cost, which is expected to be recognized over a weighted average period of 1.6 years.