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Stock Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Options, Restricted Stock and Restricted Stock Units Granted and Unrecognized Compensation Cost
The following table summarizes the stock options, restricted stock and restricted stock units ("RSU's") granted in 2020:
DateNumber of shares grantedGrant date fair value per shareVesting period (in years)Vesting Criteria
Stock Options:
June 30, 2020 (1)4,160,000 $4.800.0N/A
June 30, 2020 (2)3,840,000 $5.193.0Service
Restricted Stock & RSU's:
August 12, 202075,378 $25.871.0Service
August 12, 2020220,335 $25.872.8Service
August 12, 2020205,546 $25.871.8Service
(1)Awards were granted in connection with the IPO and fully vested at time of grant. See Note 19, "Related Parties" for further discussion.
(2)Awards vest ratably over three years in annual installments, commencing on the first anniversary of the grant date.
The following table sets forth the unrecognized equity-based compensation cost as of September 30, 2020:

Equity-Based Compensation:Unrecognized CompensationWeighted Average Amortization Period (in years)
Stock Options$18.2 2.8
Restricted Stock & RSU's9.7 2.0
Incentive Units18.9 1.5
Total Unrecognized Compensation Expense$46.8 2.1
Schedule of Stock Options, Restricted Stock and Restricted Stock Units Activity
The following table summarizes the stock options, restricted stock and RSU's activity in 2020:

Stock OptionsRestricted Stock & RSU's
Number of
Options		Weighted-Average
Exercise price		Number of
Shares		Weighted-Average
Grant Date
Fair Value
Balances, January 1, 2020— $—— $—
Granted (3)8,000,000 $22.00501,259 $25.87
Forfeited— $—— $—
Vested— $—— $—
Balances, September 30, 20208,000,000 $22.00501,259 $25.87
(3)Included in the RSU's granted during the period is the conversion of 205,546 phantom units.
Schedule of Components of Equity-Based Compensation
The following table sets forth the components of our equity-based compensation:

 Three-Month PeriodNine-Month Period
SuccessorPredecessor
Equity-Based Compensation:Three Months Ended September 30, 2020Three Months Ended September 30, 2019Nine Months Ended September 30, 2020Period from January 1 to September 30, 2019Period from January 1 to February 7, 2019
Stock Options$1.7 $— $21.7 $— $— 
Restricted Stock & RSU's1.0 — 1.0 — 11.7 
Incentive Units7.0 3.6 15.9 7.9 — 
Total Compensation Expense (4)$9.7 $3.6 $38.6 $7.9 $11.7 
(4)The compensation expenses are included in the Selling and administrative expenses of the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited).
In addition, in connection with the Take-Private Transaction, the Company issued 6,817.74280 Class B units of Parent and 15,867.80780 Class C units of Parent to certain investors, which vested immediately. We recognized an expense of $55.3 million related to these incentive units during the nine months ended September 30, 2019 (Successor), within the Selling and administrative expenses.

 Three-Month PeriodNine-Month Period
SuccessorPredecessor
Expected Tax Benefit:Three Months Ended September 30, 2020Three Months Ended September 30, 2019Nine Months Ended September 30, 2020Period from January 1 to September 30, 2019Period from January 1 to February 7, 2019
Stock Options$5.6 $— $5.6 $— $— 
Restricted Stock & RSU's0.7 — 0.7 — 2.8 
Incentive Units— — — — — 
Total Expected Tax Benefit$6.3 $— $6.3 $— $2.8 
Schedule of Fair Value Assumptions For stock options, we estimated the grant date fair value using the Black-Scholes valuation model. The assumptions for the Black-Scholes valuation model are set forth in the following table:
Weighted Average Assumptions 
Weighted Average Expected Stock Price Volatility28 %
Weighted Average Expected Dividend Yield0.0 %
Weighted Average Expected Life of Option (in years)3.98
Weighted Average Risk-Free Interest Rate0.23 %
Weighted Average Black Scholes Value$4.99
Weighted Average Exercise Price$22.00