SHAREHOLDERS' DEFICIT

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

SHAREHOLDERS' DEFICIT

NOTE 17. SHAREHOLDERS’ DEFICIT

The following table presents a reconciliation of the beginning and ending balances in Total shareholders’ deficit for the three and nine months ended September 30, 2022 (in thousands):

	Euro Deferred Shares		Ordinary Shares		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total Shareholders’ Deficit
BALANCE, DECEMBER 31, 2021	$	45	$	23	$	8,953,906	$	(9,981,515)	$	(216,445)	$	(1,243,986)
Net loss	—		—		—		(71,974)		—		(71,974)
Other comprehensive income	—		—		—		—		1,895		1,895
Compensation related to share-based awards	—		—		4,929		—		—		4,929
Tax withholding for restricted shares	—		—		(1,863)		—		—		(1,863)
Other	(1)		1		1		—		—		1
BALANCE, MARCH 31, 2022	$	44	$	24	$	8,956,973	$	(10,053,489)	$	(214,550)	$	(1,310,998)
Net loss	—		—		—		(1,885,427)		—		(1,885,427)
Other comprehensive loss	—		—		—		—		(4,334)		(4,334)
Compensation related to share-based awards	—		—		2,721		—		—		2,721
Tax withholding for restricted shares	—		—		(31)		—		—		(31)
Other	(2)		—		(1)		—		—		(3)
BALANCE, JUNE 30, 2022	$	42	$	24	$	8,959,662	$	(11,938,916)	$	(218,884)	$	(3,198,072)
Net loss	—		—		—		(722,169)		—		(722,169)
Other comprehensive loss	—		—		—		—		(10,649)		(10,649)
Compensation related to share-based awards	—		—		5,856		—		—		5,856
Tax withholding for restricted shares	—		—		(4)		—		—		(4)
Other	(3)		—		—		—		—		(3)
BALANCE, SEPTEMBER 30, 2022	$	39	$	24	$	8,965,514	$	(12,661,085)	$	(229,533)	$	(3,925,041)

The following table presents a reconciliation of the beginning and ending balances in Total shareholders’ deficit for the three and nine months ended September 30, 2021 (in thousands):

	Euro Deferred Shares		Ordinary Shares		Additional Paid-in Capital		Accumulated Deficit		Accumulated Other Comprehensive Loss		Total Shareholders’ Deficit
BALANCE, DECEMBER 31, 2020	$	49	$	23	$	8,938,012	$	(9,368,270)	$	(217,753)	$	(647,939)
Net income	—		—		—		41,524		—		41,524
Other comprehensive income	—		—		—		—		1,692		1,692
Compensation related to share-based awards	—		—		9,993		—		—		9,993
Exercise of options	—		—		622		—		—		622
Tax withholding for restricted shares	—		—		(4,863)		—		—		(4,863)
Other	(2)		—		—		—		—		(2)
BALANCE, MARCH 31, 2021	$	47	$	23	$	8,943,764	$	(9,326,746)	$	(216,061)	$	(598,973)
Net loss	—		—		—		(15,500)		—		(15,500)
Other comprehensive income	—		—		—		—		2,238		2,238
Compensation related to share-based awards	—		—		4,444		—		—		4,444
Tax withholding for restricted shares	—		—		(9,251)		—		—		(9,251)
BALANCE, JUNE 30, 2021	$	47	$	23	$	8,938,957	$	(9,342,246)	$	(213,823)	$	(617,042)
Net loss	—		—		—		(77,207)		—		(77,207)
Other comprehensive loss	—		—		—		—		(3,293)		(3,293)
Compensation related to share-based awards	—		—		7,800		—		—		7,800
Tax withholding for restricted shares	—		—		(574)		—		—		(574)
Other	(1)		—		—		—		—		(1)
BALANCE, SEPTEMBER 30, 2021	$	46	$	23	$	8,946,183	$	(9,419,453)	$	(217,116)	$	(690,317)

Share-Based Compensation

The Company recognized share-based compensation expense of $6.5 million and $14.2 million during the three and nine months ended September 30, 2022, respectively, and $7.8 million and $22.2 million during the three and nine months ended September 30, 2021, respectively. As of September 30, 2022, the total remaining unrecognized compensation cost related to non-vested share-based compensation awards amounted to $12.8 million.

As of September 30, 2022, the weighted average remaining requisite service period for non-vested restricted stock units and performance share units was 1.0 years.