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SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of the Changes in RSU's
The following is a summary of the changes in RSUs under the Plan during the current period:
Period Ended
Number
of
Restricted
Stock
Units
Weighted
Average
Purchase
Price
Weighted
Average
Remaining
Contractual
Term (Years)
Aggregate Intrinsic Value as of December 31, 2019
(amounts in thousands)
RSUs outstanding as of:
December 31, 20193,861 
RSUs awarded
December 31, 20203,793 
RSUs released
December 31, 2020(1,712)
RSUs forfeited
December 31, 2020(403)
RSUs outstanding as of:
December 31, 20205,539 $— 1.3$13,572 
RSUs vested and expected to vest as of:
December 31, 20205,539 $— 1.3$13,572 
RSUs exercisable (vested and deferred) as of:
December 31, 202041 $— 0$101 
Weighted average remaining recognition period in years
2.0
Unamortized compensation expense
$17,352 
Additional Information on RSU Activity
The following table presents additional information on RSU activity:
Years Ended December 31,
202020192018
Shares
Amount
Shares
Amount
Shares
Amount
(amounts in thousands, except per share data)
RSUs issued
3,793 $10,073 1,955 $12,926 1,292 $10,078 
RSUs forfeited - service based
(403)(624)(323)(1,753)(396)(1,228)
Net RSUs issued and increase (decrease) to paid-in capital
3,390 $9,449 1,632 $11,173 896 $8,850 
Weighted average grant date fair value per share
$2.66 $6.61 $9.71 
Fair value of shares vested per share
$7.53 $10.72 $11.07 
RSUs vested and released
1,712 1,456 1,496 
Changes in RSUs with Market Conditions
The following table presents the changes in outstanding RSUs with market conditions:
Years Ended December 31,
202020192018
(amounts in thousands, except per share
data)
Reconciliation of RSUs with Service And Market Conditions
Beginning of period balance
70 226 650 
Number of RSUs forfeited(70)(156)(110)
Number of RSUs vested— — (314)
End of period balance— 70 226 
Weighted average fair value of RSUs granted with market conditions$— $— $— 
Option Activity Under The Plan
The following table presents the option activity during the current year ended:
Period Ended
Number of
Options
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual
Term (Years)
Intrinsic Value as of December 31, 2020
(amounts in thousands, except per share data)
Options outstanding as of:
December 31, 2019543 $12.06 
Options granted
December 31, 202066 5.40 
Options assumed in the QLGG AcquisitionDecember 31, 2020200 0.42 
Options outstanding as of:December 31, 2020809 $8.63 3.6$406 
Options vested and expected to vest as of:December 31, 2020809 $8.63 3.6$406 
Options vested and exercisable as of:December 31, 2020562 $11.66 3.3$41 
Weighted average remaining recognition period in years1.2
Unamortized compensation expense$219 
Significant Ranges of Outstanding and Exercisable Options The following table summarizes significant ranges of outstanding and exercisable options as of the current period:
Range of
Exercise Prices
Options Outstanding
Options Exercisable
Number of Options Outstanding December 31, 2020
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Number of Options Exercisable December 31, 2020
Weighted
Average
Exercise
Price
From
To
$0.17$7.01 266,747 4.5$1.67 18,968 $0.30 
$9.66$13.98 542,582 3.2$12.06 542,582 $12.06 
$0.17$13.98 809,329 3.6$8.63 561,550 $11.66 
Summary Information on Granting and Vesting of Options
The following table provides summary information on the granting and vesting of options:
Years Ended December 31,
Option Issuance and Exercise Data
202020192018
(amounts in thousands except for per share and years)
From
To
From
To
From
To
Exercise price range of options issued
$— $— $1.34 $1.34 $1.34 $2.02 
Upon vesting, period to exercise in years
00110110
Fair value per share upon grant
$— $— $— 
Number of options granted
— — — 
Intrinsic value per share upon exercise
$— $7.06 $7.33 
Intrinsic value of options exercised
$— $1,272 $829 
Tax benefit from options exercised
$— $73 $220 
Cash received from exercise price of options exercised
$— $244 $153 
Summary of Non-Cash Stock-Based Compensation Expense The following non-cash stock-based compensation expense, which is related primarily to RSUs, is included in each of the respective line items in the Company’s statement of operations:
Years Ended December 31,
202020192018
(amounts in thousands)
Station operating expenses
$2,348 $4,673 $6,855 
Corporate general and administrative expenses
6,907 11,511 8,294 
Stock-based compensation expense included in operating expenses
9,255 16,184 15,149 
Income tax benefit (1)
2,222 3,703 3,160 
After-tax stock-based compensation expense
$7,033 $12,481 $11,989 
(1)Amounts exclude impact from any compensation expense subject to Section 162(m) of the Code, which is nondeductible for income tax purposes.