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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation | A summary of the Company’s stock-based compensation, by category, is as follows:
|  |  |  | For the Year Ended December 31,
(in thousands) |  |  |  |  |  | 2024 |  | 2023 |  | 2022
Performance-based stock awards |  |  |  |  |  | $ | 47,301 |  |  | $ | — |  |  | $ | — |
Service-based stock awards |  |  |  |  |  | 110,341 |  |  | 32,644 |  |  | 24,595 |
Total stock-based compensation |  |  |  |  |  | $ | 157,642 |  |  | $ | 32,644 |  |  | $ | 24,595 |
Schedule of Service-Based RSU Activity | A summary of the Company’s service-based RSU activity for the year ended December 31, 2024, is as follows:
| Number of RSUs |  | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2023 | 5,765,529 |  |  | $ | 9.40 |
Granted | 7,793,855 |  |  | 18.29 |
Forfeited | (728,632) |  |  | 14.46 |
Vested | (4,841,985) |  |  | 12.99 |
Nonvested at December 31, 2024 | 7,988,767 |  |  | $ | 15.44 |
Schedule of Performance-Based RSU Activity | A summary of the Company’s PSU activity for the year ended December 31, 2024, is as follows:
| Number of PSUs |  | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2023 | — |  |  | $ | — |
Granted | 3,016,773 |  |  | 49.05 |
Forfeited | (2,696) |  |  | 14.12 |
Vested | (753,465) |  |  | 49.05 |
Nonvested at December 31, 2024 (1) | 2,260,612 |  |  | $ | 49.05 |
(1) The actual performance resulted in a payout of 200% of the target level.

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of number and weighted-average grant date fair value for nonvested performance shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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