Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Summary of Long Term Incentive Plan Units

A summary of the Company’s LTIP Units as of December 31, 2020, and changes during the period ended February 10, 2020 to December 31, 2020 (Successor) is presented below:

	Shares		Weighted- Average Grant- Date Fair Value
Nonvested at February 10, 2020		—	$	—
Series A LTIP Units:
Granted		5,400,000		8.32
Series B LTIP Units:
Granted		1,386,033		6.17
Nonvested at December 31, 2020		6,786,033	$	7.88

Summary of Fair Value of Long Term Incentive Plan Unit

The fair value of each LTIP Unit was measured as of its grant date using a Monte Carlo method which took into consideration different stock price paths and used the following assumptions:

	Series A LTIP Units			Series B LTIP Units
Expected term	7.9 years			9.9 years
Expected volatility		18.4	%		19.7	%
Risk-free interest rate		1.5	%		1.6	%

Summary of Restricted Stock Awards

A summary of the status of the Company’s restricted stock awards as of December 31, 2020, and changes during the period from February 10, 2020 to December 31, 2020 (Successor) is presented below:

	Shares			Weighted- Average Grant- Date Fair Value
Nonvested at February 10, 2020		—		$	—
Granted		283,492			9.01
Forfeited		(22,063	)		10.00
Nonvested at December 31, 2020		261,429		$	8.92

Schedule of Changes in Number of Common Shares Underlying Options

The following table summarizes the changes in the number of common shares underlying options for the period of February 10, 2020 to December 31, 2020 (Successor):

	Shares			Weighted- Average Exercise Price		Aggregate Intrinsic Value
Outstanding at February 10, 2020		125,000		$	11.50
Granted		3,014,000			7.67
Forfeited		(326,000	)		7.67
Outstanding at December 31, 2020		2,813,000		$	7.84	$	14,080
Exercisable at December 31, 2020		125,000		$	11.50	$	169