SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Share-based Payment Arrangement [Abstract]


	Number of Time Vesting Awards	Number of Performance Based Vesting Awards	Weighted Average Grant Date Fair Value










Balance, December 31, 2018	83,575,000	10,000,000	$	1.14
Vested	(42,618,750)	—	0.83
Converted to restricted shares	—	(10,000,000)	0.37
Forfeited	(3,437,500)	—	0.84
Balance, December 31, 2019	37,518,750	—	2.35
Vested	(30,431,250)	—	2.20
Forfeited	(212,500)	—	0.56
Balance, December 31, 2020	6,875,000	—	3.41
Vested	(6,875,000)	—	3.41
Balance, December 31, 2021	—	—

Share-based Compensation, Stock Options, Activity

The following table summarizes activity related to stock options granted to Company employees:


	Shares Under Option		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Term (in years)
	Time Vesting	Performance Based Vesting				Aggregate Intrinsic Value (a)



Balance at December 31, 2018	11,230,168	73,639	$	17.50	9.47	$	—
Granted	3,677,076	—	23.88
Exercised	(184,147)	—	17.43
Forfeited	(639,356)	(73,639)	18.42
Balance at December 31, 2019	14,083,741	—	19.12		8.74	112,915
Granted	26,569,892	—	28.41
Exercised	(824,227)	—	17.46
Forfeited	(2,767,260)	—	23.05
Balance at December 31, 2020	37,062,146	—	25.52		8.69	457,608
Granted (b)	18,192,257	—	16.87
Exercised	(1,368,156)	—	17.47
Forfeited and Cancelled	(2,887,431)	—	28.02
Balance at December 31, 2021	50,998,816	—	22.51		8.29	6,801
Options exercisable at December 31, 2021	19,211,882	—	24.37		6.96	—

(a)The aggregate intrinsic value is calculated as the difference between the exercise price and the closing price of Altice USA's Class A common stock at the respective date.

(b)Options to purchase 12,711,975 shares are subject to shareholder approval in 2022 of an increase of shares authorized to be issued pursuant to the 2017 LTIP.

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The weighted-average fair values of stock option awards granted during the years ended December 31, 2021, 2020 and 2019 were $6.42, $7.82 and $7.93, respectively. The following weighted-average assumptions were used to calculate these fair values:


	Years Ended December 31,
	2021	2020	2019
Risk-free interest rate	1.36%	1.43%	2.05%
Expected life (in years)	6.02	6.38	6.47
Dividend yield	—%	—%	—%
Volatility	35.80%	28.53%	28.22%

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table presents share-based compensation expense recognized by the Company and unrecognized compensation cost:


	Share-Based Compensation						Unrecognized Compensation Cost as of December 31, 2021

	2021		2020		2019
Carry Unit Plan	$	804	$	10,036	$	54,614	$	—
Awards issued pursuant to LTIP:
Stock Options	87,697		98,380		44,464		153,457
Performance Stock Units	8,675		14,395		—		44,650
Restricted Share Units	1,120		2,276		6,460		106,877
	$	98,296	$	125,087	$	105,538	$	304,984