LONG-TERM INCENTIVE PLAN (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2020

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Phantom and Restricted Unit Awards

A rollforward of phantom unit and restricted unit awards as of March 31, 2020 is as follows:

	Number of Phantom Unit and Restricted Unit Awards			Weighted Average Grant Date Fair Value
Total non-vested at December 31, 2019		559,218		$	3.67
Units issued		18,518			1.08
Units vested		(46,875	)		3.88
Units forfeited		—			—
Total non-vested at March 31, 2020		530,861		$	3.56

A rollforward of phantom unit and restricted unit awards as of December 31, 2019 is as follows:

	Number of Phantom Unit and Restricted Unit Awards			Weighted Average Grant Date Fair Value
Total non-vested at December 31, 2018		1,029,638		$	7.49
Units issued		1,381,572			2.86
Units vested		(1,819,131	)		5.16
Units forfeited		(32,861	)		6.68
Total non-vested at December 31, 2019		559,218		$	3.67

Stock Options Activity

A rollforward of stock options as of March 31, 2020 is as follows:

	Number of Stock Options			Weighted Average Grant Date Fair Value		Weighted Average Exercise Price
Total outstanding at December 31, 2019		5,500,000		$	0.34	$	1.20
Options granted		—			—		—
Options exercisable		—			—		—
Options exercised		—			—		—
Options forfeited		(225,000	)		0.34		1.20
Options expired		—			—		—
Total outstanding at March 31, 2020		5,275,000		$	0.34	$	1.20

A rollforward of stock options as of December 31, 2019 is as follows:

	Number of Stock Options		Weighted Average Grant Date Fair Value		Weighted Average Exercise Price
Total outstanding at December 31, 2018		—	$	—	$	—
Options granted		5,500,000		0.34		1.20
Options exercisable		—		—		—
Options exercised		—		—		—
Options forfeited		—		—		—
Options expired		—		—		—
Total outstanding at December 31, 2019		5,500,000	$	0.34	$	1.20

Assumptions in Fair Value of Stock Options Granted

Assumptions used in calculating the fair value of the stock options granted are summarized below:

	2019 Options Granted
Valuation assumptions:
Expected dividend yield		None
Expected volatility		23.41	%
Expected term (years)		6.0
Risk-free interest rate		1.78	%
Weighted average:
Exercise price per stock option	$	1.20
Market price per share	$	1.23
Weighted average fair value per stock option	$	0.34

Assumptions used in calculating the fair value of the stock options granted during the year are summarized below:

	2019
Valuation assumptions:
Expected dividend yield		None
Expected volatility		23.41	%
Expected term (years)		6.0
Risk-free interest rate		1.78	%
Weighted average:
Exercise price per stock option	$	1.20
Market price per share	$	1.23
Weighted average fair value per stock option	$	0.34