EQUITY-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of equity option activity and related information

	For the nine months ended September 30, 2022
				Weighted-average
		Weighted-average		Grant Date Value	Aggregate Intrinsic
	Stock Options	Exercise Price		Term (Years)	Value (in thousands) (a)
Beginning balance, outstanding	2,074,216	$	16.89	4.4	$	—
Exercised	(70,000)		8.70
Forfeited	(9,411)		20.00
Expired	(316,878)		17.41
Ending balance, outstanding	1,677,927	$	17.12	4.4	$	—
Ending balance, exercisable	1,677,927	$	17.12	4.4	$	—
Nonvested as of September 30, 2022	—	$	—

^(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 $6.97 and $6.23 as of September 30, 2022 and December 31, 2021, respectively.  

summary of ESPP activity

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

	For the nine months ended
	September 30, 2022
Cash received for shares issued	$	35
Shares issued		4,681

Restricted Stock

Schedule of restricted stock activity

	For the nine months ended September 30, 2022
		Weighted-average
	Restricted Stock Awards	Grant Date Fair Value
Nonvested as of December 31, 2021	3,144,513	$	6.35
Granted	2,529,231		8.14
Vested	(1,534,748)		6.91
Forfeited	(87,242)		7.26
Nonvested as of September 30, 2022	4,051,754	$	7.24

Performance share units

Schedule of percentage of target PSUs earned

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

	PSUs
Nonvested as of December 31, 2021	2,205,604
Target shares granted	665,992
Target shares forfeited (1)	(872,956)
Target shares outstanding as of September 30, 2022	1,998,640

(1) All PSUs granted in 2019 and all PSUs granted in 2021 tied to Adjusted EBITDA did not achieve the respective performance targets and were forfeited.