SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

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 March 31, 2022
	(amounts in thousands)
RSUs outstanding as of:	December 31, 2021	7,342
RSUs awarded	March 31, 2022	—
RSUs released	March 31, 2022	(1,926)
RSUs forfeited	March 31, 2022	(59)
RSUs outstanding as of:	March 31, 2022	5,357		$	—	1.4	$	16,363
RSUs vested and expected to vest as of:	March 31, 2022	5,357		$	—	1.4	$	16,363
RSUs exercisable (vested and deferred) as of:	March 31, 2022	5		$	—	0.0	$	16
Weighted average remaining recognition period in years		2.0
Unamortized compensation expense		$	5,498

Summary of Stock Options Exercised

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

	Three Months Ended March 31,
Option Exercise Data	2022		2021
	(amounts in thousands)
Intrinsic value of options exercised	$	—	$	241
Tax benefit from options exercised	$	—	$	64
Cash received from exercise price of options exercised	$	—	$	15

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 March 31 2022
	(amounts in thousands)
Options outstanding as of:	December 31, 2021	609		$	11.33
Options exercised	March 31, 2022	—		—
Options outstanding as of:	March 31, 2022	609		$	11.33	2.5	$	—
Options vested and expected to vest as of:	March 31, 2022	609		$	11.33	2.5	$	—
Options vested and exercisable as of:	March 31, 2022	609		$	11.33	2.5	$	—
Weighted average remaining recognition period in years		0.0
Unamortized compensation expense		$	—

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 March 31, 2022	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Number of Options Exercisable March 31, 2022	Weighted Average Exercise Price
From		To
$	3.54	7.01	67	7.2	5.40	67	$	5.40
$	9.66	13.98	542	2.0	12.06	542	$	12.06
$	3.54	13.98	609	2.5	11.33	609	$	11.33

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:

	Three Months Ended March 31,
	2022		2021
	(amounts in thousands)
Station operating expenses	$	1,170	$	1,073
Corporate general and administrative expenses	1,820		1,667
Stock-based compensation expense included in operating expenses	2,990		2,740
Income tax benefit (1)	671		664
After-tax stock-based compensation expense	$	2,319	$	2,076

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