Stock-Based Compensation (as restated) (Tables)

12 Months Ended

Dec. 31, 2020

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Summary of Stock Option Activity

The following table shows stock options that were outstanding and vested as of December 31, 2020 and the related weighted average exercise price and weighted average grant date fair value.

	Number of Options (as restated)		Weighted- Average Exercise Price		Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2020		4,375,891		12.99		4.48
Vested at December 31, 2020		4,375,891	$	12.99	$	4.48

Summary of Restricted Stock Units Activity

The following is a summary of RSUs activity for the year ended December 31, 2020:

Restricted Share Units Activity	Number of Awards			Weighted-Average Grant Date Fair Value		Aggregate Intrinsic Value (In thousands) (1)
Non-Vested share units as of December 31, 2019		60,902		$	15.60
Granted		1,833,821			7.33
Vested		(54,491	)		15.60
Forfeited		(9,117	)		15.62
Non-Vested share units as of December 31, 2020		1,831,115		$	7.32	$	18,568

Summary of Hurdle Price Activity of PSU's

The PSU’s will vest upon achievement of the twenty-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%

The PSUs will vest upon achievement of the twenty-day volume weighted average price of OneSpaWorld common shares reaching the following hurdle prices:

Hurdle Price		Percentage of PSU's Vested
$	8.39	25%
$	9.59	25%
$	10.80	25%
$	12.00	25%

Summary of PSUs Activity

The following is a summary of PSUs activity for the year ended December 31, 2020:

Performance Share Unit Activity	Number of Market Based-Awards			Weighted-Average Grant Date Fair Value		Number of Performance -Based Awards			Weighted-Average Grant Date Fair Value
Non-Vested share units as of December 31, 2019		-		$	-		-		$	-
Granted		1,253,000			4.81		181,316			15.67
Vested		(271,584	)		4.76		(48,690	)		15.67
Forfeited		-			-		(2,706	)		15.67
Non-Vested share units as of December 31, 2020		981,416		$	4.83		129,920		$	15.67

Stock Options [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Grant Date Fair Value

The Grant Date fair value of the option was estimated by a third-party valuation specialist using a Monte Carlo simulation in a risk-neutral framework assuming Geometric Motion, 2,500,000 trials, and using the following assumptions:

Hurdle price per share	$	20.00
Strike price per share	$	12.99
Average period for hurdle price, in days	5
End of simulation term	3/26/2025
Term of simulation	6.00 years
Stock price as of the Measurement Date	$	12.99
Volatility		37.5	%
Risk-free rate (continuous)		2.2	%
Dividend yield (quarterly after 3 years)		3.0	%
Suboptimal exercise multiple	2.8x

Market Condition-based Awards and Performance Stock Units [Member]

Share Based Compensation Arrangement By Share Based Payment Award [Line Items]

Schedule of Grant Date Fair Value

Grant date fair values of the market condition-based awards and the derived service periods assigned to the PSUs were 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:

	August 18, 2020		October 1, 2020		October 13, 2020
Hurdle prices per share	$7.24, $8.83, $10.41, $12.00		$	12.00	$8.39, $9.59, $10.80, $12.00
End of simulation term	August 18, 2026		October 1, 2026		October 13, 2026
Term of simulation	6 years		6 years		6 years
Stock price as of measurement date	$	5.65	$	6.47	$	6.99
Volatility	54.13%		54.80%		54.92%
Risk-free rate (continuous)	0.37%		0.36%		0.41%