Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.22.2.2
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Expense
The stock-based compensation expense attributable to continuing operations was included in the unaudited condensed consolidated statements of operations and comprehensive loss as follows:
Three Months Ended September 30, Nine Months Ended September 30,
2022 2021 2022 2021
(in thousands)
Imagery & software analytical service costs, excluding depreciation and amortization $ 259  $ 2,898  $ 1,364  $ 2,949 
Engineering & systems integration costs, excluding depreciation and amortization 37  —  202  — 
Selling, general and administrative 2,867  25,595  14,823  26,316 
Total stock-based compensation expense $ 3,163  $ 28,493  $ 16,389  $ 29,265 
Schedule of Share-based Payment Arrangements, Stock Options, Valuation Assumptions A summary of the weighted-average assumptions used by the Company is presented below for the nine months ended September 30, 2022; there were no stock options awarded during the nine months ended September 30, 2021:
Fair value per common share
$2.10 - $2.15
Weighted-average risk-free interest rate
3.20% - 3.38%
Volatility
33.90% - 34.20%
Expected term (in years) 8.0
Dividend rate %
Share-based Payment Arrangement, Option, Activity
A summary of the Company’s stock option activity under the Plans during the nine months ended September 30, 2022 is presented below:
Options Weighted-Average Exercise Price Weighted Average Contractual Term Aggregate Intrinsic Value
(in thousands) (in years) (in thousands)
Outstanding - January 1, 2022 5,022  $ 4.4914 
Granted 4,654  2.1468 
Exercised (638) 0.0565 
Forfeited (955) 7.3285 
Outstanding - September 30, 2022 8,083  3.1558  9.11 $ 1,924 
Exercisable - September 30, 2022 1,275  1.6698  6.79 1,221
Nonvested Restricted Stock Shares Activity
A summary of the Company’s nonvested RSA activity during the nine months ended September 30, 2022 is presented below:
Restricted Stock Awards Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2022 335  $ 0.0121 
Vested (178) 0.0121 
Canceled (78) 0.0121 
Nonvested - September 30, 2022 79  0.0121 
Share-based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company’s nonvested RSU activity during the nine months ended September 30, 2022 is presented below:
Restricted Stock Units Weighted-Average Grant-Date Fair Value
(in thousands)
Nonvested - January 1, 2022 10,959  $ 6.7675 
Granted 4,181  2.0595 
Vested (5,968) 6.9790 
Canceled (904) 5.2863 
Nonvested - September 30, 2022 8,268  4.3961