SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Changes in RSUs

The following is a summary of the changes in RSUs under the Plan (and prior equity compensation plans) during the current period:

RSU Activity	Period Ended	Number of Restricted Stock Units(1)		Weighted Average Purchase Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value as of September 30, 2023
	(RSU and dollar amounts in thousands)
RSUs outstanding as of:	December 31, 2022	208
RSUs awarded	September 30, 2023	200
RSUs released	September 30, 2023	(113)
RSUs forfeited	September 30, 2023	(15)
RSUs outstanding as of:	September 30, 2023	281		$	—	1.48		$	154
RSUs vested and expected to vest as of:	September 30, 2023	271		$	—	1.48		$	149
RSUs exercisable (vested and deferred) as of:	September 30, 2023	170		$	—	$	—	$	—
Weighted average remaining recognition period		2.49 years
Unamortized compensation expense		$	4,937

(1)Reverse Stock Split applied

Schedule of Option Activity

The following table presents the option activity during the current period under the Plan (and prior equity compensation plans):

Option Activity	Period Ended	Number of Options(1)		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Intrinsic Value as of September 30, 2023
	(RSU and dollar amounts in thousands)
Options outstanding as of:	December 31, 2022	20		$	339.90
Options expired	September 30, 2023	(5)		397.20
Options outstanding as of:	September 30, 2023	15		$	320.55	1.56	$	—
Options vested and expected to vest as of:	September 30, 2023	15		$	320.55	1.56	$	—
Options vested and exercisable as of:	September 30, 2023	15		$	320.55	1.56	$	—
Weighted average remaining recognition period		0 years
Unamortized compensation expense		$	—

(1)Reverse Stock Split applied

Schedule 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(1)			Options Exercisable(1)
			(amounts in thousands)
Range of Exercise Prices			Number of Options Outstanding September 30, 2023	Weighted Average Remaining Contractual Life	Weighted Average Exercise Price	Number of Options Exercisable September 30, 2023	Weighted Average Exercise Price
From		To
$	106.20	210.3	2	5.7	162.05	2	$	162.05
$	289.80	419.4	13	0.8	347.75	13	$	347.75
$	106.20	419.4	15	1.56	320.55	15	$	320.55

(1)Reverse Stock Split applied

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 September 30, 2023
Non-Cash Stock-Based Compensation Expense	2023		2022
	(amounts in thousands)
Station operating expenses	$	303	$	828
Corporate general and administrative expenses	446		24
Stock-based compensation expense included in operating expenses	749		852
Income tax benefit (1)	103		50
After-tax stock-based compensation expense	$	646	$	802

	Nine Months Ended September 30, 2023
Non-Cash Stock-Based Compensation Expense	2023		2022
	(amounts in thousands)
Station operating expenses	$	1,449	$	2,989
Corporate general and administrative expenses	2,298		3,956
Stock-based compensation expense included in operating expenses	3,747		6,945
Income tax benefit (1)	689		1,404
After-tax stock-based compensation expense	$	3,058	$	5,541

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