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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2020
Tabular disclosure of stock option grants under the Plan

Grantee Type

    

# of
Options
Granted

    

Issued and
Outstanding

    

Vesting
Period

    

Weighted
Average
Exercise
Price

    

Weighted Average
Grant Date
Fair Value
(Per Option)

Director Group

150,000

100,000

5 years

$

9.98

$

4.36

Employee Group

4,662,630

3,014,931

3-5 years

$

5.60

$

3.08

Total

3,114,931

Schedule of fair value assumptions of stock option grants

2020

    

2019

2018

Weighted average expected life

6.0 years

6.3 years

6.5 years

Risk-free interest rates

0.39% to 0.47%

1.45% to 2.58%

2.28% to 3.00%

Expected volatility

41.0% to 42.5%

32.5% to 37.9%

36.7% to 39.9%

Expected dividend yield

0.00%

0.00%

0.00%

Schedule of summary of option activity under the Plan and changes during the period

    

Shares

    

Weighted
Average
Exercise
Price

    

Weighted
Average
Remaining
Contractual
Terms (Years)

    

Aggregate
Intrinsic
Value (in
millions)

Outstanding as of January 1, 2019

2,066,529

$

10.23

8.5

$

Granted

631,136

3.20

Forfeited or expired

(388,741)

9.73

Outstanding as of December 31, 2019

2,308,924

8.39

8.0

0.2

Granted

2,029,900

1.75

Forfeited or expired

(1,223,893)

2.96

Outstanding as of December 31, 2020

3,114,931

$

6.19

7.9

$

5.9

Exercisable as of December 31, 2020

1,139,811

9.26

6.7

0.4

Vested and expected to vest as of December 31, 2020

3,114,931

$

6.19

7.9

$

5.9

Summary of restricted stock unit grants under the Plan

Grantee Type

    

# of
Restricted Stock
Units Granted

    

Issued and Outstanding

    

Vesting
Period

    

Weighted Average Grant Date Fair Value (Per Unit)

Director Group

893,996

340,415

1-2 years

$

2.75

Employee Group

1,568,655

254,386

5 years

$

10.59

Total

594,801

Summary of restricted stock awards activity under the Plan

    

Units

    

Weighted
Average Grant
Date Fair Value
(Per Unit)

Non-vested as of January 1, 2019

841,361

$

10.44

Granted

753,986

2.45

Vested

(187,956)

10.35

Forfeited

(226,509)

10.16

Non-vested as of December 31, 2019

1,180,882

5.44

Granted

108,498

2.77

Vested

(600,900)

4.05

Forfeited

(93,679)

9.42

Non-vested as of December 31, 2020

594,801

$

5.72

Summary of performance stock unit grants under the Plan

    

Units

    

Weighted
Average Grant
Date Fair
Value
(Per Unit)

Non-vested as of January 1, 2020

$

Granted

2,471,500

1.14

Vested

Forfeited

(755,400)

0.59

Non-vested as of December 31, 2020

1,716,100

$

1.38

Performance Stock Units  
Schedule of fair value assumptions of stock option grants

As of December 31, 2020

Liability-classified

Equity-classified

Term

    

2.3 to 2.6 years

1.9 to 3.0 years

Risk-free interest rate

0.14% to 0.15%

0.13% to 0.21%

Expected volatility

92.3% to 96.5%

86.1% to 102.2%

Expected dividend yield

0.00%

0.00%