Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2023 |
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| Stock-Based Compensation |
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| Schedule of stock option activity associated with employees |
| | | | | | | | | | | | | | | For the Year Ended December 31, 2023 | | | | Options | | Weighted- Average Exercise Price | | | Aggregate intrinsic value (In thousands) | | Weighted Average Remaining Contractual Life | | Total options outstanding, beginning of period | | 3,877,308 | | $ | 72.53 | | | | | | | | Granted | | 355,652 | | $ | 34.42 | | | | | | | | Exercised | | — | | $ | — | | | | | | | | Forfeited, cancelled and transferred (1)(2) | | (944,927) | | $ | 81.57 | | | | | | | | Total options outstanding, end of period | | 3,288,033 | | $ | 65.81 | | | $ | — | | 6.94 | | Performance-based options outstanding,
end of period (3) | | 815,370 | | $ | 96.55 | | | | | | | | Exercisable at end of period | | 1,326,093 | | $ | 59.06 | | | $ | — | | 6.24 | | | | | | | | | | | | | | |
| (1) | Includes the cancellation of the 2013 LTIP. See discussion below. |
| (2) | Certain of these stock options include options that were granted to individuals who transferred to and/or from another EchoStar subsidiary not a part of DISH DBS. |
| (3) | These stock options are included in the caption “Total options outstanding, end of period.” See discussion of the 2017 LTIP, 2019 LTIP, 2022 Incentive Plan and Other Employee Performance Awards below. |
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| Schedule of realized tax benefits from stock awards exercised |
| | | | | | | | | | | | | For the Years Ended December 31, | | | | 2023 | | 2022 | | 2021 | | | | | (In thousands) | | Tax benefit from stock awards exercised | | $ | 871 | | $ | 206 | | $ | 3,815 | | | | | | | | | | | | |
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| Schedule of aggregate intrinsic value of stock options associated with employees |
| | | | | | | | | | | | | For the Years Ended December 31, | | | | 2023 | | 2022 | | 2021 | | | | | (In thousands, except per share amounts) | | Stock options: | | | | | | | | | | | Weighted-average grant date fair value of options granted | | $ | 34.42 | | $ | 66.92 | | $ | 115.57 | | Intrinsic value of options exercised (1) | | $ | — | | $ | 61 | | $ | 6,370 | | | | | | | | | | | | | Restricted stock units and awards: | | | | | | | | | | | Weighted-average grant date fair value of units and awards granted | | $ | 17.18 | | $ | 84.56 | | $ | 120.84 | | Fair value of units and rewards vested (1) | | $ | 4,030 | | $ | 874 | | $ | 262 | | | | | | | | | | | | |
(1) Intrinsic value and fair value is based on the closing market price of EchoStar’s Class A Common Stock on December 31, 2023.
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| Schedule of restricted stock unit activity |
| | | | | | | | For the Year Ended December 31, 2023 | | | Restricted Stock Units/Awards | | | Weighted- Average Grant Date Fair Value | Total restricted stock units/awards outstanding, beginning of period | | 379,073 | | $ | 100.69 | Granted | | 5,534 | | $ | 17.18 | Vested | | (208,520) | | $ | 92.71 | Forfeited, cancelled and transferred (1) | | (172,109) | | $ | 107.22 | Total restricted stock units/awards outstanding, end of period | | 3,978 | | $ | 120.95 | | | | | | |
| (1) | Certain of these restricted stock units/awards include restricted stock units/awards that were granted to individuals who transferred to and/or from another EchoStar subsidiary not a part of DISH DBS. |
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| Schedule of non-cash, stock-based compensation expense recognized |
| | | | | | | | | | | | | For the Years Ended December 31, | | Non-Cash, Stock-Based Compensation Expense Recognized (1) | | 2023 | | 2022 | | 2021 | | | | | (In thousands) | | 2022 Incentive Plan | | $ | 5,573 | | $ | 15,024 | | $ | — | | 2019 LTIP | | | (1,631) | | | (131) | | | 370 | | 2013 LTIP | | | — | | | — | | | (10,550) | | Other employee performance awards | | | 281 | | | 3,711 | | | 7,827 | | Total non-cash, stock-based compensation expense recognized for performance-based awards | | $ | 4,223 | | $ | 18,604 | | $ | (2,353) | | | | | | | | | | | | |
| (1) | “Non-Cash, Stock-Based Compensation Expense Recognized” includes actual forfeitures. |
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| Schedule of unrecognized non-cash, stock-based compensation expense |
| | | | | | | | | | Estimated Remaining Non-Cash, Stock-Based Compensation Expense | | 2022 Incentive Plan | | 2019 LTIP | | Other Employee Performance Awards | | | | (In thousands) | Expense estimated to be recognized during 2024 | | $ | 1,714 | | $ | — | | $ | — | Estimated contingent expense subsequent to 2024 | | | 902 | | | — | | | — | Total estimated remaining expense over the term of the plan | | $ | 2,616 | | $ | — | | $ | — | | | | | | | | | | |
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| Schedule of awards outstanding pursuant to performance-based stock incentive plans |
| | | | | | | | | As of December 31, 2023 | | Performance-Based Stock Options | | Number of
Awards | | Weighted-
Average
Grant Price | | 2022 Incentive Plan | | 303,379 | | $ | 51.17 | | 2019 LTIP | | 193,452 | | $ | 59.16 | | 2017 LTIP | | 318,539 | | $ | 162.47 | | Total | | 815,370 | | $ | 96.55 | | | | | | | | |
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| Schedule of allocated non-cash, stock-based compensation expense for all employees |
| | | | | | | | | | | | | For the Years Ended December 31, | | | | 2023 | | 2022 | | 2021 | | | | | (In thousands) | | Cost of services | | $ | 2,240 | | $ | 5,817 | | $ | 4,170 | | Selling, general and administrative | | | 12,018 | | | 34,915 | | | 7,660 | | Total non-cash, stock based compensation | | $ | 14,258 | | $ | 40,732 | | $ | 11,830 | | | | | | | | | | | | |
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| Schedule of assumptions of Black-Scholes option valuation model |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | For the Years Ended December 31, | | Stock Options | | 2023 | | 2022 | | 2021 | | Risk-free interest rate | | | 3.58 | % | - | | 4.61 | % | | | 1.35 | % | - | | 4.02 | % | | | 0.48 | % | - | | 1.11 | % | | Volatility factor | | | 34.30 | % | - | | 41.25 | % | | | 32.67 | % | - | | 34.84 | % | | | 29.91 | % | - | | 34.51 | % | | Expected term of options in years | | | 4.1 | | - | | 6.6 | | | | 4.1 | | - | | 6.0 | | | | 4.0 | | - | | 5.9 | | | Fair value of options granted | | $ | 7.40 | | - | $ | 7.77 | | | $ | 5.97 | | - | $ | 9.27 | | | $ | 6.20 | | - | $ | 8.32 | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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