Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

The following table summarizes the award activity, in number of units, for each plan during the nine months ended September 30, 2020:


	Balance at December 31, 2019	Granted	Vested	Exercised	Forfeited	Recovery of Vested Awards	Balance at September 30, 2020
Vested
Stock Options	673,341	—	84,018	(20,136)	(109,671)	—	627,552
SAR	200,745	18,556	45,529	(1,284)	(4,541)	—	259,005
RSU	—	—	57,183	—	—	—	57,183
BMP Equity Units	7,980,037	4,580,888	496,142	—	(31,618)	(1,963,969)	11,061,480
REUs	2,164,742	3,033,956	341,223	—	(14,000)	(507,500)	5,018,421
Unvested
Stock Options	232,040	—	(84,018)	—	(66,625)	—	81,397
SAR	174,880	125,269	(45,529)	—	(27,067)	—	227,553
RSU	244,083	—	(57,183)	—	(57,183)	—	129,717
BMP Equity Units	180,000	2,963,800	(496,142)	—	(347,599)	—	2,300,059
REUs	246,500	2,682,072	(341,223)	—	(282,400)	—	2,304,949
Total
Stock Options	905,381	—	—	(20,136)	(176,296)	—	708,949
SAR	375,625	143,825	—	(1,284)	(31,608)	—	486,558
RSU	244,083	—	—	—	(57,183)	—	186,900
BMP Equity Units	8,160,037	7,544,688	—	—	(379,217)	(1,963,969)	13,361,539
REUs	2,411,242	5,716,028	—	—	(296,400)	(507,500)	7,323,370

Components of equity-based compensation expense

The following table presents the components of equity-based compensation expense recognized in the condensed consolidated statement of operations (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Stock options	$	53	$	74	$	140	$	319
Stock appreciation rights	282		327		171		323
Restricted stock units	—		263		(38)		687
BMP equity units	12,392		—		51,515		—
REUs	10,831		—		44,830		—
Total equity-based compensation	$	23,558	$	664	$	96,618	$	1,329

Schedule of equity-based compensation expense vesting of award outstanding

The following table presents the equity-based compensation expense expected to be recognized over the next five years based on scheduled vesting of awards outstanding, excluding the award subject to the performance condition discussed above, as of September 30, 2020 (in thousands):


	Stock Options		SAR		REUs		BMP Equity Units		Total
Three months ending 2020	$	42	$	55	$	1,947	$	2,012	$	4,056
2021	109		200		7,818		7,982		16,109
2022	19		153		5,729		5,851		11,752
2023	—		56		2,889		2,517		5,462
2024	—		—		567		396		963
Total	$	170	$	464	$	18,950	$	18,758	$	38,342