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EQUITY-BASED COMPENSATION
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
EQUITY-BASED COMPENSATION

NOTE 7.  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 2020, we issued 0.1 million RSUs to our senior management, which will vest in September 2021.  The fair value of the RSUs on the date of grant was $0.2 million.  

 

We recognized equity–based compensation costs of $(0.7) million and $(0.1) million in the three months ended September 30, 2020 and 2019, respectively, and $(0.4) million and $2.3 million in the nine months ended September 30, 2020 and 2019, respectively.  Included in these costs for each of the three months and nine months ended September 30, 2020 and 2019 is $(0.8) million related to the forfeiture of equity–based compensation.  These costs are included in “Selling, general and administrative expenses” on our unaudited condensed consolidated statements of operations.  

As of September 30, 2020, we had $0.1 million of unrecognized equity–based compensation cost, which is expected to be recognized over a weighted average period of 0.6 years.