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STOCK-BASED COMPENSATION AND OTHER BENEFIT PLANS (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award, Additional General Disclosures [Abstract] |
Schedule of Stock-Based Compensation |
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
| (in thousands)
Stock-based compensation - equity awards | $ | 4,567 |  |  | $ | 3,338 |  |  | $ | 2,045 |
Stock-based compensation - liability awards | (9) |  |  | (15) |  |  | 155 |
Total stock-based compensation | $ | 4,558 |  |  | $ | 3,323 |  |  | $ | 2,200 |
Schedule of Weighted Average Grant Date Fair Value of Performance Stock Options Grants | During the year ended December 31, 2024, 2023 and 2022 the weighted average assumptions shown below were used to calculate the weighted average grant date fair value of performance stock options grants under the Monte Carlo model.
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Weighted average exercise price - ($/share) | $ | 5.96 |  |  | $ | 4.19 |  |  | $ | 6.41 |
Expected life in years | 6.7 |  | 6.4 |  | 6.0
Average expected volatility | 71 | % |  | 68 | % |  | 72 | %
Risk-free interest rate | 4.28 | % |  | 3.73 | % |  | 1.98 | %
Expected dividend yield | 4.19 | % |  | 5.97 | % |  | 2.30 | %
Weighted average grant date fair value - ($/share) | $ | 3.27 |  |  | $ | 2.29 |  |  | $ | 2.84 |
Schedule of Performance Stock Options Activity | Performance stock options activity associated with the Monte Carlo model for the year ended December 31, 2024 is provided below:
| Number of Shares Underlying Options |  | Weighted Average Exercise Price Per Share |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
| (in thousands) |  |  |  | (in years) |  | (in thousands)
Outstanding at January 1, 2024 | 611 |  | $ | 4.69 |  |  |  |  |
Granted | 549 |  | 5.96 |  |  |  |  |
Exercised | (24) |  | 4.54 |  |  |  |  |
Unvested shares forfeited | (18) |  | 4.19 |  |  |  |  |
Vested shares expired | — |  | — |  |  |  |  |
Outstanding at December 31, 2024 | 1,118 |  | $ | 5.32 |  |  | 8.6 |  | $ | 185 |
Exercisable at December 31, 2024 | 228 |  | $ | 4.22 |  |  | 7.4 |  | $ | 147 |
Regular stock options (stock options without a performance condition) activity associated with the Black-Scholes model for the year ended December 31, 2024 is provided below:
| Number of Shares Underlying Options |  | Weighted Average Exercise Price Per Share |  |  |  |
| (in thousands) |  |  |  |  |  |
Outstanding at January 1, 2024 | 170 |  | $ | 1.99 |  |  |  |  |
Exercised | (170) |  | 1.99 |  |  |  |  |
Outstanding at December 31, 2024 | — |  | $ | — |  |  |  |  |
Schedule of Restricted Stock Activity | The following is the activity for the Company's restricted stock for the year ended December 31, 2024:
| Restricted Stock |  | Weighted Average Grant Date Fair Value
| (in thousands) |  |
Non-vested shares outstanding at January 1, 2024 | 1,085 |  | $ | 4.50 |
Awards granted | 838 |  | 5.96 |
Awards vested | (508) |  | 4.42 |
Awards forfeited | (63) |  | 5.14 |
Non-vested shares outstanding at December 31, 2024 | 1,352 |  | $ | 5.41 |
RSU activity for the year ended December 31, 2024 is presented in the table below:
| Restricted Stock |  | Weighted Average Conversion Date Fair Value
| (in thousands) |  |
Non-vested shares outstanding at January 1, 2024 | 223 |  | $ | 4.22 |
Awards granted | 80 |  | 5.96 |
Awards vested | (102) |  | 4.23 |
Awards forfeited | (27) |  | 4.20 |
Non-vested shares outstanding at December 31, 2024 | 174 |  | $ | 5.01 |
Schedule of Performance Activity | PSU activity for the year ended December 31, 2024 is presented in the table below:
| Restricted Stock |  | Weighted Average Conversion Date Fair Value
| (in thousands) |  |
Non-vested shares outstanding at January 1, 2024 | 121 |  | $ | 4.27 |
Awards granted | — |  | — |
Awards vested | (103) |  | 4.27 |
Awards forfeited | (9) |  | 4.27 |
Non-vested shares outstanding at December 31, 2024 | 9 |  | $ | 4.27 |
Schedule of SAR Activity | During the years ended December 31, 2024 and 2023, the Company did not grant SARs to employees or directors. SAR activity for the year ended December 31, 2024 is provided below:
| Number of Shares Underlying SARs |  | Weighted Average Exercise Price Per Share |  |  |  |
| (in thousands) |  |  |  |  |  |
Outstanding at January 1, 2024 | 76 |  | $ | 2.33 |  |  |  |  |
Exercised | (76) |  | 2.33 |  |  |  |  |
Outstanding at December 31, 2024 | — |  |  |  |  |  |

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