SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of Changes in RSUs

The following is a summary of the changes in RSUs under the Plans 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 September 30, 2021
	(amounts in thousands)
RSUs outstanding as of:	December 31, 2020	5,539
RSUs awarded	September 30, 2021	801
RSUs released	September 30, 2021	(1,437)
RSUs forfeited	September 30, 2021	(187)
RSUs outstanding as of:	September 30, 2021	4,716		$	—	1.1	$	24,158
RSUs vested and expected to vest as of:	September 30, 2021	4,716		$	—	1.1	$	24,158
RSUs exercisable (vested and deferred) as of:	September 30, 2021	5		$	—	0.0	$	26
Weighted average remaining recognition period in years		1.5
Unamortized compensation expense		$	13,163

Summary of Stock Options Exercised

The following table provides summary information related to the exercise of stock options:

	Nine Months Ended September 30,
Option Exercise Data	2021		2020
	(amounts in thousands)
Intrinsic value of options exercised	$	497	$	—
Tax benefit from options exercised	$	133	$	—
Cash received from exercise price of options exercised	$	45	$	—

Schedule of Option Activity

The following table presents the option activity during the current period under the Plans:

	Period Ended	Number of Options		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Intrinsic Value as of September 30 2021
	(amounts in thousands)
Options outstanding as of:	December 31, 2020	809		$	8.63
Options exercised	September 30, 2021	(115)		0.39
Options outstanding as of:	September 30, 2021	694		$	10.00	2.9	$	429
Options vested and expected to vest as of:	September 30, 2021	694		$	10.00	2.9	$	429
Options vested and exercisable as of:	September 30, 2021	596		$	11.48	2.9	$	—
Weighted average remaining recognition period in years		0.9
Unamortized compensation expense		$	92

Summary of Significant Ranges of Outstanding and Exercisable Options

The following table summarizes significant ranges of outstanding and exercisable options as of the current period:

			Options Outstanding			Options Exercisable
			(amounts in thousands)
Range of Exercise Prices			Number of Options Outstanding September 30, 2021	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Number of Options Exercisable September 30, 2021	Weighted Average Exercise Price
From		To
$	0.40	7.01	152	4.6	2.63	54	$	5.54
$	9.66	13.98	542	2.5	12.06	542	$	12.06
$	0.40	13.98	694	2.9	10.00	596	$	11.48

Schedule 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:

	Nine Months Ended September 30,
	2021		2020
	(amounts in thousands)
Station operating expenses	$	3,054	$	1,552
Corporate general and administrative expenses	6,726		4,616
Stock-based compensation expense included in operating expenses	9,780		6,168
Income tax benefit (1)	2,219		1,452
After-tax stock-based compensation expense	$	7,561	$	4,716

	Three Months Ended September 30,
	2021		2020
	(amounts in thousands)
Station operating expenses	$	937	$	524
Corporate general and administrative expenses	3,491		1,421
Stock-based compensation expense included in operating expenses	4,428		1,945
Income tax benefit (1)	1,054		480
After-tax stock-based compensation expense	$	3,374	$	1,465

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