STOCK-BASED EMPLOYEE COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Restricted Share Unit Activity

The following is a summary of restricted share unit activity for the nine months ended September 30, 2020:

Restricted Share Units Activity	Number of Awards			Weighted-Average Grant Date Fair Value
Non-Vested share units as of December 31, 2019		60,902		$	15.60
Granted		1,350,689			7.00
Vested		(41,670	)		15.60
Cancelled		(7,761	)		15.61
Non-Vested share units as of September 30, 2020		1,362,160		$	7.07

Summary of Hurdle Price Activity of PSU's

. The PSU’s will vest upon achievement of the five-day volume weighted average price of OneSpaWorld common shares reaching the following hurdle prices:

Hurdle Price		Percentage of PSU's Vested
$	7.24	25%
$	8.83	25%
$	10.41	25%
$	12.00	25%

Schedule of Grant Date Fair Value of PSU's

Grant date fair value of the PSU’s was estimated by a third-party valuation specialist using a Monte Carlo simulation in a risk-neutral framework assuming Geometric Motion, 100,000 trials, and using the following assumptions:

Hurdle prices per share	$7.24, $8.83, $10.41, $12.00
End of simulation term	August 18, 2026
Term of simulation	6 years
Stock price as of measurement date	$	5.65
Volatility		54.13	%
Risk-free rate (continuous)		0.37	%

Summary of Performance Share Unit Activity

The following is a summary of performance share unit activity for the nine months ended September 30, 2020:

Performance Share Unit Activity	Number of Awards			Weighted-Average Grant Date Fair Value
Non-Vested share units as of December 31, 2019		-
Granted		1,184,316		$	6.34
Vested		-			-
Cancelled		(1,350	)		15.67
Non-Vested share units as of September 30, 2020		1,182,966		$	6.32