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STOCK-BASED COMPENSATION AND INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Common Stock Shares Reserved for Issuance and Shares Available for Grant

The number of common stock shares reserved for issuance under the plans and the number of shares available for future grants are as follows:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Year

 

 

Year

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

 

Ended

 

 

Ended

 

 

through

 

 

 

through

 

 

 

December 31, 2019

 

 

December 31, 2018

 

 

December 31, 2017

 

 

 

July 31, 2017

 

Shares of common stock reserved for issuance under the plans

 

 

3,973,228

 

 

 

3,973,228

 

 

 

3,048,877

 

 

 

 

 

Shares of common stock available for future grants

 

 

2,187,101

 

 

 

2,325,102

 

 

 

1,891,231

 

 

 

 

 

Restricted Stock Units (RSUs)  
Summary Of Restricted Stock Unit Activity

The following table sets forth a summary of our restricted stock unit activity:

 

 

 

Weighted-average

Grant-Date

Fair Value

 

 

Time

Based

Units

 

 

Weight-average

Grant Date

Fair Value

 

 

Performance

Based Units

 

Non-vested balance at March 31, 2017 (Predecessor)

 

$

54.48

 

 

 

183

 

 

 

 

 

 

 

Vested

 

 

54.48

 

 

 

(183

)

 

 

 

 

 

 

Non-vested balance at August 1, 2017 (Successor)

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

24.40

 

 

 

1,203,379

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

24.15

 

 

 

(45,733

)

 

 

 

 

 

 

Non-vested balance at December 31, 2017 (Successor)

 

 

24.41

 

 

 

1,157,646

 

 

 

 

 

 

 

Granted

 

 

24.58

 

 

 

455,063

 

 

 

26.04

 

 

 

63,365

 

Vested

 

 

24.84

 

 

 

(503,677

)

 

 

 

 

 

 

Cancelled/forfeited

 

 

27.15

 

 

 

(27,948

)

 

 

 

 

 

 

Non-vested balance at December 31, 2018 (Successor)

 

 

24.21

 

 

 

1,081,084

 

 

 

26.04

 

 

 

63,365

 

Granted

 

 

23.44

 

 

 

186,143

 

 

 

24.50

 

 

 

101,143

 

Vested

 

 

24.45

 

 

 

(784,868

)

 

 

 

 

 

 

Cancelled/forfeited

 

 

24.70

 

 

 

(78,591

)

 

 

24.50

 

 

 

(70,694

)

Non-vested balance at December 31, 2019 (Successor)

 

$

23.32

 

 

 

403,768

 

 

 

25.54

 

 

 

93,814

 

Schedule of Restricted Stock Compensation Expense and Grant Date Fair Value

Restricted stock unit compensation expense and grant date fair value are as follows:

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Year

 

 

Year

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

 

Ended

 

 

Ended

 

 

through

 

 

 

through

 

(In thousands)

 

December 31,

2019

 

 

December 31,

2018

 

 

December 31,

2017

 

 

 

July 31,

2017

 

Grant date fair value of restricted stock units vested

 

$

19,193

 

 

 

12,513

 

 

 

 

 

 

 

10

 

Restricted stock unit compensation expense

 

 

19,603

 

 

 

13,406

 

 

 

3,731

 

 

 

 

2

 

Phantom Stock Plan  
Schedule of Restricted Stock Compensation Expense and Grant Date Fair Value

 

Phantom stock compensation expense and grant date fair value of phantom stock vested are as follows:

 

 

 

 

Successor

 

 

 

Predecessor

 

 

 

 

 

 

 

 

 

 

 

Period from

 

 

 

Period from

 

 

 

Year

 

 

Year

 

 

August 1, 2017

 

 

 

April 1, 2017

 

 

 

Ended

 

 

Ended

 

 

through

 

 

 

through

 

(In thousands)

 

December 31,

2019

 

 

December 31,

2018

 

 

December 31,

2017

 

 

 

July 31,

2017

 

Grant date fair value of phantom stock vested

$

 

1,055

 

 

 

2,957

 

 

 

 

 

 

 

 

Phantom stock compensation expense

 

30

 

 

 

214

 

 

 

94

 

 

 

 

68

 

 

Summary of Phantom Stock Activity

The following table sets forth a summary of our phantom stock activity:

 

 

 

Weighted-average

Grant-Date

Fair Value

 

 

Time

Based

Shares

 

 

Weighted-average

Grant-Date

Fair Value

 

 

Series A Warrants

 

 

Weighted-average

Grant-Date

Fair Value

 

 

Series B Warrants

 

Non-vested balance at March 31, 2017 (Predecessor)

 

$

9.74

 

 

 

946,150

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

9.70

 

 

 

(484,446

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

10.08

 

 

 

(16,866

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-vested balance at July 31, 2017 (Predecessor)

 

$

9.77

 

 

 

444,838

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of Successor phantom stock at

August 1, 2017

 

 

308.19

 

 

 

14,160

 

 

 

1.00

 

 

 

22,963

 

 

 

0.98

 

 

 

24,824

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled/forfeited

 

 

307.31

 

 

 

(634

)

 

 

1.00

 

 

 

(1,029

)

 

 

0.98

 

 

 

(1,112

)

Non-vested balance at December 31, 2017 (Successor)

 

$

308.24

 

 

 

13,526

 

 

 

1.00

 

 

 

21,934

 

 

 

0.98

 

 

 

23,712

 

Vested

 

 

360.14

 

 

 

(8,223

)

 

 

1.00

 

 

 

(13,009

)

 

 

0.98

 

 

 

(14,064

)

Cancelled

 

 

240.39

 

 

 

(786

)

 

 

1.00

 

 

 

(1,275

)

 

 

0.98

 

 

 

(1,379

)

Non-vested balance at December 31, 2018 (Successor)

 

$

226.50

 

 

 

4,517

 

 

 

1.00

 

 

 

7,650

 

 

 

2.94

 

 

 

8,269

 

Vested

 

 

226.50

 

 

 

(4,517

)

 

 

1.00

 

 

 

(7,650

)

 

 

2.94

 

 

 

(8,269

)

Non-vested balance at December 31, 2019 (Successor)

 

$