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SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Changes in RSUs The following is a summary of the changes in RSUs under the Plan during the current period:
Period EndedNumber of Restricted Stock UnitsWeighted Average Purchase PriceWeighted Average Remaining Contractual Term (Years)Aggregate Intrinsic Value as of September 30,
2022
(amounts in thousands)
RSUs outstanding as of:December 31, 20217,342 
RSUs awardedSeptember 30, 20221,776 
RSUs releasedSeptember 30, 2022(2,239)
RSUs forfeitedSeptember 30, 2022(274)
RSUs outstanding as of:September 30, 20226,605 $— 1.0$2,594 
RSUs vested and expected to vest as of:September 30, 20226,605 $— 1.0$2,594 
RSUs exercisable (vested and deferred) as of:September 30, 2022$— 0.0$
Weighted average remaining recognition period in years1.6
Unamortized compensation expense$5,921 
Summary of Stock Options Exercised
The following table provides summary information related to the exercise of stock options:
Nine Months Ended
September 30,
Option Exercise Data20222021
(amounts in thousands)
Intrinsic value of options exercised$— $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 Plan:
Period EndedNumber of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Term (Years)Intrinsic Value as of September 30
2022
(amounts in thousands)
Options outstanding as of:December 31, 2021609 $11.33 
Options exercisedSeptember 30, 2022— — 
Options outstanding as of:September 30, 2022609 $11.33 2.1$— 
Options vested and expected to vest as of:September 30, 2022609 $11.33 2.1$— 
Options vested and exercisable as of:September 30, 2022609 $11.33 2.1$— 
Weighted average remaining recognition period in years0.0
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 OutstandingOptions Exercisable
(amounts in thousands)
Range of
Exercise Prices
Number of Options Outstanding September 30,
2022
Weighted
Average
Remaining
Contractual
Life
Weighted
Average
Exercise
Price
Number of Options Exercisable September 30,
2022
Weighted
Average
Exercise
Price
FromTo
$3.54 7.01 67 6.75.40 67 $5.40 
$9.66 13.98 542 1.512.06 542 $12.06 
$3.54 13.98 609 2.111.33 609 $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:
Nine Months Ended
September 30,
20222021
(amounts in thousands)
Station operating expenses$2,989 $3,054 
Corporate general and administrative expenses3,956 6,726 
Stock-based compensation expense included in operating expenses6,945 9,780 
Income tax benefit (1)
1,404 2,219 
After-tax stock-based compensation expense$5,541 $7,561 
Three Months Ended
September 30,
20222021
(amounts in thousands)
Station operating expenses$828 $937 
Corporate general and administrative expenses24 3,491 
Stock-based compensation expense included in operating expenses852 4,428 
Income tax benefit (1)
50 1,054 
After-tax stock-based compensation expense$802 $3,374 
(1) Amounts exclude impact from any compensation expense subject to Section 162(m) of the Code, which is nondeductible for income tax purposes.