XML 112 R54.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
EQUITY-BASED COMPENSATION (Successor) (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Outstanding Stock Options


 
Stock Options
 
Weighted Average Exercise Price
 
Weighted Average
Grant-Date Fair Value
 
Weighted Average Remaining Term (in years)
 
Aggregate Intrinsic Value (in thousands)
Outstanding as of February 9, 2018
 

 
$

 
$

 

 
$

Granted
 
5,283,224

 
8.80

 
4.33

 

 

Exercised
 

 

 

 

 

Forfeited or expired
 
(139,319
)
 
9.38

 
4.55

 

 

Outstanding as of December 31, 2018
 
5,143,905

 
$
8.79

 
$
4.33

 
5.3

 
$

Granted
 
157,710

 
$
1.07

 
$
0.61

 

 
$

Exercised
 

 

 

 

 

Forfeited or expired
 
(1,498,328
)
 
8.44

 
4.20

 

 

Outstanding as of December 31, 2019
 
3,803,287

 
$
4.80

 
$
4.22

 
3.19

 
$

Exercisable as of December 31, 2019
 
2,260,388

 
$
9.21

 
$
4.49

 
5.15

 


Summary of Assumptions Used to Determine the Fair Value of Options
The following assumptions were used to determine the fair value of our 2019 and 2018 option grants:
໿

Year Ended December 31, 2019
 
February 9, 2018
Through
December 31, 2018
Expected term (in years)
4.5

 
4.5

Expected stock volatility
69.8
%
 
64.6
%
Dividend yield

 

Risk-free interest rate
2.4
%
 
2.5
%

Schedule of Restricted Stock Awards Granted
The following table provides information about activity in our restricted stock awards during the 2018 Successor Period and year ended December 31, 2019:
໿

Restricted Stock Awards
 
Weighted Average Grant Date Fair Value per share
Outstanding as of February 9, 2018

 
$

Granted
2,238,359

 
7.54

Vested(1)
(384,413
)
 
8.40

Forfeited or expired
(61,935
)
 
8.80

Outstanding as of December 31, 2018
1,792,011

 
7.32

Granted
70,093

 
0.96

Vested(1)
(619,061
)
 
7.04

Forfeited or expired
(719,766
)
 
7.36

Outstanding as of December 31, 2019
523,277

 
$
6.74


_________________
(1) To satisfy minimum tax withholding, 130,432 and 94,576 shares were withheld in 2019 and during the 2018 Successor Period.
Summary of PSUs Granted
The following table provides information about activity in our PSUs granted during the 2018 Successor Period and year ended December 31, 2019:

PSUs
 
Weighted Average Grant Date Fair Value per unit
Outstanding as of February 9, 2018

 
$

Granted
2,093,453

 
4.07

Vested (1)
(1,559,749
)
 
2.53

Forfeited or expired
(533,704
)
 
8.54

Outstanding as of December 31, 2018

 

Granted
1,220,490

 
0.32

Vested
(100,870
)
 
0.96

Forfeited or expired
(54,112
)
 
0.27

Outstanding as of December 31, 2019
1,065,508

 
$
0.27


_________________
(1) To satisfy minimum tax withholding, 32,481 and 388,655 shares were withheld in 2019 and during the 2018 Successor Period.