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 |
|