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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]    
Share-based Compensation, Stock Options, Activity
The following table summarizes activity related to stock options granted to our employees:
 Shares Under OptionWeighted Average
Exercise
Price Per Share
Weighted Average Remaining
Contractual Term
(in years)
 Time
Vesting
Aggregate Intrinsic
Value (a)
Balance at December 31, 202150,998,816 $22.51 8.29$6,801 
Granted 7,888,472 9.30 
Forfeited and Cancelled(7,811,613)23.84 
Balance at December 31, 202251,075,675 $20.27 7.73$184 
Granted640 4.69 
Forfeited(3,525,176)21.94 
Exchanged and Cancelled (b)(24,015,508)20.72 
Balance at December 31, 202323,535,631 $19.55 5.98$— 
Forfeited and Cancelled(6,293,905)22.69 
Balance at December 31, 202417,241,726 $18.40 5.72$— 
Options exercisable at December 31, 202415,406,617 $19.89 5.47$— 
(a)The aggregate intrinsic value is calculated as the difference between the exercise price and the closing price of Altice USA's Class A common stock at the respective date.
(b)Options exchanged and cancelled in connection with our stock option exchange program discussed below.
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions  
The weighted-average fair values of stock option awards granted during the years ended December 31, 2023 and 2022 were $2.42 and $3.76, respectively. The following weighted-average assumptions were used to calculate these fair values:
Years Ended December 31,
20232022
Risk-free interest rate3.53%3.42%
Expected life (in years)5.716.24
Dividend yield—%—%
Volatility50.10%41.79%
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table presents share-based compensation expense (benefit) and unrecognized compensation cost:
Share-Based CompensationUnrecognized Compensation Cost
as of December 31, 2024
202420232022
Awards issued pursuant to LTIP:
Stock option awards (a)$997 $(3,850)$86,307 $2,035 
Performance stock units (a)(2,053)(12,757)10,220 2,636 
Restricted share units 47,222 33,809 63,458 41,870 
Cash denominated performance awards16,426 7,674 — 64,656 
Other4,570 23,050 — 611 
$67,162 $47,926 $159,985 $111,808 
(a)The benefit for the year ended December 31, 2024 reflects credits due to forfeitures. The benefit for the year ended December 31, 2023 includes credits due to the modification of awards to certain former executive officers and other forfeitures.