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Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense
The stock-based compensation expense attributable to continuing operations was included in the unaudited condensed consolidated statements of operations and comprehensive loss as follows:
Three Months Ended September 30,Nine Months Ended September 30,
2022202120222021
(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization$259 $2,898 $1,364 $2,949 
Engineering & systems integration costs, excluding depreciation and amortization 37 — 202 — 
Selling, general and administrative2,867 25,595 14,823 26,316 
Total stock-based compensation expense$3,163 $28,493 $16,389 $29,265 
Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions A summary of the weighted-average assumptions used by the Company is presented below for the nine months ended September 30, 2022; there were no stock options awarded during the nine months ended September 30, 2021:
Fair value per common share
$2.10 - $2.15
Weighted-average risk-free interest rate
3.20% - 3.38%
Volatility
33.90% - 34.20%
Expected term (in years)8.0
Dividend rate0 %
Share-based Payment Arrangement, Option, Activity
A summary of the Company’s stock option activity under the Plans during the nine months ended September 30, 2022 is presented below:
OptionsWeighted-Average Exercise PriceWeighted Average Contractual TermAggregate Intrinsic Value
(in thousands)(in years)(in thousands)
Outstanding - January 1, 20225,022 $4.4914 
Granted4,654 2.1468 
Exercised(638)0.0565 
Forfeited(955)7.3285 
Outstanding - September 30, 20228,083 3.1558 9.11$1,924 
Exercisable - September 30, 20221,275 1.6698 6.791,221
Nonvested Restricted Stock Shares Activity
A summary of the Company’s nonvested RSA activity during the nine months ended September 30, 2022 is presented below:
Restricted Stock AwardsWeighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2022335 $0.0121 
Vested(178)0.0121 
Canceled(78)0.0121 
Nonvested - September 30, 202279 0.0121 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company’s nonvested RSU activity during the nine months ended September 30, 2022 is presented below:
Restricted Stock UnitsWeighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 202210,959 $6.7675 
Granted4,181 2.0595 
Vested(5,968)6.9790 
Canceled(904)5.2863 
Nonvested - September 30, 20228,268 4.3961