General form of registration statement for all companies including face-amount certificate companies

Equity-Based Compensation (Tables)

v3.21.2
Equity-Based Compensation (Tables)
11 Months Ended
Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock options granted, exercised, and vested

  Weighted

ISOs 

average exercise

    

and NQSOs

    

price

Outstanding as of December 31, 2019

133,661

$

1.47

Forfeited

(2,900)

$

1.80

Settled or cancelled

 

(130,761)

$

1.46

Outstanding as of December 31, 2020

 

 

  

Predecessor Promissory Notes  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock options activity

Predecessor

 

Period from

January 1, 2020

Year ended

 to June 21,

December 31,

    

  2020

    

  2019

 

Range of expected time to exit (years)

3-5

3-5

 

Range of volatilities

55.00-63.09

%  

55.00-63.09

%

Range of Predecessor Promissory Notes interest rates

1.85-1.91

%  

1.85-1.91

%

Range of risk-free interest rates

 

1.33-1.62

%  

1.33-1.62

%

Successor

 

Period from

February 10, 2020

to December 31,

    

   2020

 

Volatility

$

70.1

%

Risk-free interest rate

0.25

%

Expected time to exit (years)

3.50

 

Schedule of nonvested share activity

    

Predecessor

Period from

January 1, 2020

Year ended

to June 21,

December 31,

   2020

  2019

Grant date fair value of shares vested

12

228

In-substance

   

ISOs 

represented

by the

Weighted-

Predecessor

average

Promissory

exercise

    

Notes

    

price

Outstanding as of December 31, 2019

1,028,784

$

0.99

Settled or cancelled

(1,028,784)

$

0.99

Outstanding as of December 31, 2020

  

2011 Equity Incentive Plan  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock options granted, exercised, and vested

Predecessor

Period from

January 1, 2020

Year ended

to June 21,

December 31,

    

   2020

    

  2019

Grant date fair value of options granted

$

$

17

Intrinsic value of options exercised

62

Grant date fair value of shares vested

9

23

Cash received from options exercised

 

 

16

Tax benefit from options exercised

 

 

(3)

Schedule of stock purchase plan valuation assumptions

Predecessor

 

Period from

January 1, 2020

Year ended

to June 21,

December 31,

    

 2020

    

2019

 

Range of expected time to exit (years)

3-5

3-5

 

Range of volatilities

55.00-63.09

%  

55.00-63.09

%

Range of risk-free interest rates

1.33-2.51

%  

1.33-2.51

%

Incentive Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of nonvested share activity

Incentive

    

 Units

Unvested and outstanding as of December 31, 2019

Granted

 

6,170,000

Forfeited

 

(18,750)

Unvested and outstanding as of December 31, 2020

 

6,151,250