v3.24.0.1
STOCKHOLDERS' DEFICIT (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable Share-based compensation expense for continuing operations, which is recognized within “Corporate expenses” on the Consolidated Statements of Loss, was as follows:
(In thousands)Year Ended December 31,
202320222021
Restricted stock units and awards$15,369 $15,298 $14,774 
Performance stock units4,830 5,083 4,007 
Stock options and other131 131 27 
Total share-based compensation expense$20,330 $20,512 $18,808 
Schedule of Restricted Stock and Restricted Stock Units Outstanding and Activity
The following table presents a summary of the Company’s RSUs and RSAs outstanding at December 31, 2023 and related activity during the year:
(Shares in thousands)Number of
RSUs and RSAs
Weighted-Average Grant-Date Fair Value
Outstanding, January 1, 2023(1)
12,635 $2.08 
Granted(2)
15,605 $1.32 
Vested(3)
(7,734)$1.93 
Forfeited(457)$1.78 
Outstanding, December 31, 2023(3)
20,049 $1.56 
(1)Excludes shares granted to employees of discontinued operations.
(2)The weighted-average grant-date fair value of the Company’s RSUs granted during 2023, 2022 and 2021 was $1.32, $2.58 and $2.27 per share, respectively.
(3)All RSAs that were outstanding as of January 1, 2023 vested during the year, resulting in only RSUs remaining outstanding as of December 31, 2023.
Schedule of Assumptions Used to Calculate Fair Value of Options The following assumptions were used to calculate the fair value of the Company’s PSUs on the date of grant:
Year Ended December 31,
202320222021
Expected volatility79.3%68.6%65.8%
Risk-free interest rate3.7%2.8%0.3%
Expected dividend yield—%—%—%
Schedule of Unvested Options and Changes
The following table presents a summary of the Company’s PSUs outstanding, assuming a 100% payout, at December 31, 2023 and related activity during the year:
(Shares in thousands)Number of PSUsWeighted-Average Grant-Date Fair Value
Outstanding, January 1, 20237,564 $1.83 
Granted(1)
3,433 $1.62 
Vested(2,400)$1.00 
Forfeited(2)
(1,310)$1.00 
Outstanding, December 31, 20237,287 $2.15 
(1)The weighted-average grant-date fair value of the Company’s PSUs granted during 2023, 2022 and 2021 was $1.62, $2.69 and $2.55 per share, respectively.
(2)Forfeitures include the portion of PSUs granted in 2020 that were not earned based on the Company’s Relative TSR over the three-year performance period.
Schedule of Stock Options Outstanding and Stock Option Activity
The following table presents a summary of the Company’s stock options outstanding at December 31, 2023 and related activity during the year:
(In thousands, except per share data)OptionsWeighted-Average Exercise PriceWeighted-Average
Remaining
Contractual
Term
Aggregate
Intrinsic
Value
Outstanding, January 1, 2023(1)
3,373 $5.55 4.0 years$— 
Expired(156)$5.89 
Outstanding, December 31, 2023(2)
3,217 $5.53 3.2 years$— 
(1)Excludes shares granted to employees of discontinued operations.
(2)All outstanding stock options were fully vested and exercisable as of December 31, 2023.
Schedule of Computation of Earnings (Loss) Per Share
The following table presents the computation of net loss per share for 2023, 2022 and 2021:
(In thousands, except per share data)Year Ended December 31,
202320222021
Numerators:
Loss from continuing operations$(157,107)$(47,303)$(358,144)
Less: Net income from continuing operations attributable to noncontrolling interests2,009 2,253 599 
Net loss from continuing operations attributable to the Company(159,116)(49,556)(358,743)
Loss from discontinued operations(151,709)(47,085)(74,976)
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests97 (37)96 
Net loss from discontinued operations attributable to the Company(151,806)(47,048)(75,072)
Net loss attributable to the Company$(310,922)$(96,604)$(433,815)
Denominators:
   
Weighted average common shares outstanding – Basic
481,727 474,362 468,491 
Weighted average common shares outstanding – Diluted
481,727 474,362 468,491 
Net loss attributable to the Company per share of common stock — Basic:   
Net loss from continuing operations attributable to the Company per share of common stock$(0.33)$(0.10)$(0.77)
Net loss from discontinued operations attributable to the Company per share of common stock(0.32)(0.10)(0.16)
Net loss attributable to the Company per share of common stock — Basic(1)
$(0.65)$(0.20)$(0.93)
Net loss attributable to the Company per share of common stock — Diluted:
Net loss from continuing operations attributable to the Company per share of common stock$(0.33)$(0.10)$(0.77)
Net loss from discontinued operations attributable to the Company per share of common stock(0.32)(0.10)(0.16)
Net loss attributable to the Company per share of common stock — Diluted(1)
$(0.65)$(0.20)$(0.93)
(1)Due to rounding, the total may not equal the sum of the line items in the table above.