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Equity and Equity-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Activity schedule for Company's restricted stock
Activity for the Company’s RSAs was as follows:
(in thousands, except per share amounts)Restricted Stock AwardsWeighted-average grant date fair value per share
Balance, December 31, 2021 4,000 $23.00 
Vested (1,333)23.00 
Balance, September 30, 2022 2,667 $23.00 
Activity schedule for Company's RSUs
Activity for the Company’s RSUs was as follows:
(in thousands, except per share amounts)Restricted Stock UnitsWeighted-average grant date fair value per share
Balance, December 31, 2021 596 $43.55 
New grants164 47.85 
Vested (203)43.50 
Forfeitures(2)49.37 
Balance, September 30, 2022555 $44.82 
Share-based compensation expense Equity-based compensation expense is recognized on a straight-line basis and is included in the Company’s condensed consolidated statements of operations as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2022202120222021
Selling, general and administrative expenses$10,649 $124,779 $30,995 $147,761 
Total unrecognized stock based compensation related to unvested stock awards.
As of September 30, 2022, total unrecognized stock-based compensation related to unvested stock awards was $56.1 million, which will be recognized as follows:
(in thousands)
Remainder of 2022 $10,611 
2023 41,911 
2024 3,133 
2025 437 
Total unrecognized stock-based compensation expense$56,092