Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.2
STOCK-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Grant Date Fair Value of Awards Granted
The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the Current Successor YTD Period:
Grant date April 29, 2022
Forecast period (years) 3
Risk-free interest rates 2.9%
Implied equity volatility 88.4%
Stock price on the date of grant $93.98
Schedule of Restricted Stock Activity
The following table summarizes restricted stock unit activity for the Current Successor YTD Period:
Number of
Unvested
Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value		 Number of Unvested Performance Vesting Restricted Stock Units Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2022 198,413  $ 66.04  153,138  $ 48.54 
Granted 2,154  73.83  —  — 
Vested (3,074) 65.75  —  — 
Forfeited/canceled (1,157) 66.89  —  — 
Unvested shares as of March 31, 2022 196,336  $ 67.16  153,138  $ 48.54 
Granted 76,038  97.55  37,666  66.82 
Vested (10,817) 63.53  —  — 
Forfeited/canceled (3,752) 75.70  —  — 
Unvested shares as of June 30, 2022 257,805  $ 75.37  190,804  $ 52.15 
The following table summarizes restricted stock unit activity for the Prior Predecessor Quarter:
Number of
Unvested
Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value		 Number of
Unvested
Performance Vesting Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value
Unvested shares as of April 1, 2021 1,480,223  $ 4.26  840,595  $ 4.07 
Granted —  —  —  — 
Vested (24,549) 9.49  —  — 
Forfeited/canceled (1,455,674) 4.17  (840,595) 4.07 
Unvested shares as of May 17, 2021 —  $ —  —  $ — 
The following table summarizes restricted stock unit activity for the Prior Predecessor YTD Period:
Number of
Unvested
Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value		 Number of
Unvested
Performance Vesting Restricted Stock Units		 Weighted
Average
Grant Date
Fair Value
Unvested shares as of January 1, 2021 1,702,513  $ 4.74  840,595  $ 4.07 
Granted —  —  —  — 
Vested (227,132) 8.45  —  — 
Forfeited/canceled (1,475,381) 4.16  (840,595) 4.07 
Unvested shares as of May 17, 2021 —  $ —  —  $ —