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EQUITY-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2020
Schedule of equity option activity and related information

For the three months ended March 31, 2020

Weighted-average

Weighted-average

Grant Date Value

Aggregate Intrinsic

    

Stock Options

    

Exercise Price

    

Term (Years)

    

Value (in thousands) (a)

Beginning balance, outstanding

 

3,797,319

$

15.95

4.2

$

509

Forfeited

 

(20,091)

14.68

Ending balance, outstanding

 

3,777,228

$

15.96

4.0

$

Ending balance, exercisable

3,764,205

$

15.94

4.0

$

Nonvested at end of period

13,023

$

20.58

(a) Aggregate intrinsic value for stock options is based on the difference between the exercise price of the stock options and the quoted closing Class A Common Stock price of $3.23 and $9.28 as of March 31, 2020 and December 31, 2019, respectively.  

Schedule of percentage of stock settled incentives earned

Stock Price at Vesting Date(1)

Percentage of Target Amount Earned

Less than $20.00

0%

At least $20.00, but less than $25.00

100%

$25.00 or greater

200%

(1)The stock price at vesting date equals the greater of (i) the fair market value of a share of the Class A Common Stock on the vesting date, or (ii) the volume weighted average closing price of a share of the Class A Common Stock, as reported on the New York Stock Exchange, for the 30 trading days preceding the vesting date.
Schedule of stock-settled incentive awards outstanding

Award Value

    

Value at Target

    

Being Recognized

Nonvested as of December 31, 2019

$

2,937

$

1,122

Forfeited during 2020

(409)

(157)

Nonvested as of March 31, 2020

$

2,528

$

965

summary of ESPP activity

The following table summarizes ESPP activity (in thousands, except shares):

For the three months ended

    

March 31, 2020

Cash received for shares issued

$

27

Shares issued

4,443

Restricted Stock  
Schedule of restricted stock activity

For the three months ended March 31, 2020

Weighted-average

    

Restricted Stock Awards

    

Grant Date Fair Value

Nonvested at December 31, 2019

1,518,193

$

10.08

Granted

1,271,706

5.89

Vested

(406,289)

12.54

Forfeited

(199,069)

7.52

Nonvested at March 31, 2020

2,184,541

$

7.42

Restricted Stock Units  
Schedule of restricted stock activity

For the three months ended March 31, 2020

Weighted-average

    

Restricted Stock Units

    

Grant Date Fair Value

Nonvested at December 31, 2019

 

1,250

$

19.00

Vested

 

(625)

20.00

Forfeited

 

(625)

18.00

Nonvested at March 31, 2020

 

$

Performance share units  
Schedule of percentage of target PSUs earned

Return on Assets at Performance Period End Date

Percentage of Target PSUs Earned

Less than 9.6%

0%

9.6%

50%

12%

100%

14.4%

175%

Ranking Among Peer Group

Percentage of Target Amount Earned

Outside of Top 10

0%

Top 10

50%

Top 7

100%

Top 3

175%

Adjusted FCF Performance Percentage

Percentage of Target Amount Earned

Less than 70%

0%

70%

50%

100%

100%

130%

175%

Summary of activity related to the units outstanding

    

Performance Share Units

Nonvested as of December 31, 2019

1,014,990

Target shares granted

753,378

Target shares outstanding as of March 31, 2020

1,768,368