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SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments Abstract  
Schedule Of Restricted Stock Units Market Based

 

 

 

Six Months

 

Year

 

 

 

Ended

 

Ended

 

 

 

June 30,

 

December 31,

 

 

 

2019

 

2018

 

 

 

(amounts in thousands, except per share data)

 

 

 

Reconciliation of RSUs with Service And Market Conditions

 

 

 

 

 

 

 

Beginning of period balance

 

 

226

 

 

650

 

Number of RSUs granted

 

 

-

 

 

-

 

Number of RSUs forfeited

 

 

(156)

 

 

(110)

 

Number of RSUs vested

 

 

-

 

 

(314)

 

End of period balance

 

 

70

 

 

226

 

Weighted average fair value of RSUs granted

 

 

 

 

 

 

 

with market conditions

 

$

-

 

$

-

Schedule Of Other Options Dislcosure

 

 

Six Months Ended June 30,

Option Exercise Data

 

2019

 

2018

 

 

(amounts in thousands)

 

 

 

 

 

 

 

Intrinsic value of options exercised

 

$

1,272

 

$

405

Tax benefit from options exercised (1)

 

$

73

 

$

107

Cash received from exercise price of options exercised

 

$

242

 

$

65

Schedule Of significant ranges of outstanding and exercisable options

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

Number of

 

Weighted

 

 

 

 

Number of

 

 

 

 

 

 

 

 

 

Options

 

Average

 

Weighted

 

Options

 

Weighted

Range of

 

Outstanding

 

Remaining

 

Average

 

Exercisable

 

Average

Exercise Prices

 

June 30,

 

Contractual

 

Exercise

 

June 30,

 

Exercise

From

 

To

 

2019

 

Life

 

Price

 

2019

 

Price

$

6.43

 

$

9.66

 

204,375

 

1.4

 

$

9.62

 

204,375

 

$

9.62

$

13.11

 

$

13.98

 

340,707

 

1.4

 

$

13.48

 

340,707

 

$

13.48

$

6.43

 

$

13.98

 

545,082

 

1.4

 

$

12.03

 

545,082

 

$

12.03

Schedule of recognized stock-based compensation expense

 

 

Six Months Ended

 

 

June 30,

 

 

2019

 

2018

 

 

 

(amounts in thousands)

 

 

 

 

 

 

 

Station operating expenses

 

$

2,668

 

$

3,643

Corporate general and administrative expenses

 

 

4,298

 

 

4,010

Stock-based compensation expense included in operating expenses

 

 

6,966

 

 

7,653

Income tax benefit (1)

 

 

1,493

 

 

1,598

After-tax stock-based compensation expense

 

$

5,473

 

$

6,055

 

 

Three Months Ended

 

 

June 30,

 

 

2019

 

2018

 

 

(amounts in thousands)

 

 

 

 

 

 

 

Station operating expenses

 

$

1,243

 

$

1,680

Corporate general and administrative expenses

 

 

2,150

 

 

2,050

Stock-based compensation expense included in operating expenses

 

 

3,393

 

 

3,730

Income tax benefit (1)

 

 

745

 

 

779

After-tax stock-based compensation expense

 

$

2,648

 

$

2,951

1. Amounts exclude impact from any compensation expense subject to Section 162(m) of the Code, which is nondeductible or income tax purposes.

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest

 

 

 

 

Number

 

 

 

 

Weighted

 

Aggregate

 

 

 

 

of

 

Weighted

 

Average

 

Intrinsic

 

 

 

 

Restricted

 

Average

 

Remaining

 

Value as of

 

 

 

 

Stock

 

Purchase

 

Contractual

 

June 30,

 

Period Ended

 

 

Units

 

Price

 

Term (Years)

 

2019

 

(amounts in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs outstanding as of:

December 31, 2018

 

 

3,685

 

 

 

 

 

 

 

 

RSUs awarded

 

 

 

1,648

 

 

 

 

 

 

 

 

RSUs released

 

 

 

(1,367)

 

 

 

 

 

 

 

 

RSUs forfeited

 

 

 

(280)

 

 

 

 

 

 

 

 

RSUs outstanding as of:

June 30, 2019

 

 

3,686

 

$

-

 

1.7

 

$

21,308

RSUs vested and expected

 

 

 

 

 

 

 

 

 

 

 

 

to vest as of:

June 30, 2019

 

 

3,686

 

$

-

 

1.7

 

$

21,306

RSUs exercisable (vested and

 

 

 

 

 

 

 

 

 

 

 

 

deferred) as of:

June 30, 2019

 

 

41

 

$

-

 

-

 

$

239

Weighted average remaining

 

 

 

 

 

 

 

 

 

 

 

 

recognition period in years

 

 

 

2.7

 

 

 

 

 

 

 

 

Unamortized compensation

 

 

 

 

 

 

 

 

 

 

 

 

expense

 

$

25,392

 

 

 

 

 

 

 

 

Schedule Of Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding

 

 

 

 

 

 

 

 

 

Weighted

 

Intrinsic

 

 

 

 

 

 

Weighted

 

Average

 

Value

 

 

 

 

 

 

Average

 

Remaining

 

as of

 

 

 

Number of

 

Exercise

 

Contractual

 

June 30,

 

Period Ended

 

Options

 

Price

 

Term (Years)

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding as of:

December 31, 2018

 

 

755,210

 

$

9.42

 

 

 

 

 

Options granted

 

 

 

-

 

 

-

 

 

 

 

 

Options exercised

 

 

 

(180,300)

 

 

1.34

 

 

 

 

 

Options forfeited

 

 

 

-

 

 

-

 

 

 

 

 

Options expired

 

 

 

(29,828)

 

 

10.53

 

 

 

 

 

Options outstanding as of:

June 30, 2019

 

 

545,082

 

$

12.03

 

1.4

 

$

-

Options vested and expected to

 

 

 

 

 

 

 

 

 

 

 

 

vest as of:

June 30, 2019

 

 

545,082

 

$

12.03

 

1.4

 

$

-

Options vested and exercisable as of:

June 30, 2019

 

 

545,082

 

$

12.03

 

1.4

 

$

-

Weighted average remaining

 

 

 

 

 

 

 

 

 

 

 

 

recognition period in years

 

 

 

-

 

 

 

 

 

 

 

 

Unamortized compensation expense

 

 

$

-