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STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Schedule of restricted stock award and unit activity | The following table summarizes restricted stock unit activity for the Prior Successor Period and year ended December 31, 2022:
| Number of Unvested Restricted Stock Units |  | Weighted Average Grant Date Fair Value |  | Number of Unvested Performance Vesting Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Unvested shares as of May 18, 2021 | — |  |  | $ | — |  |  | — |  |  | $ | — |
Granted | 200,484 |  |  | 66.05 |  |  | 153,138 |  |  | 48.54 |
Vested | — |  |  | — |  |  | — |  |  | — |
Forfeited/canceled | (2,071) |  |  | 66.89 |  |  | — |  |  | — |
Unvested shares as of December 31, 2021 | 198,413 |  |  | $ | 66.04 |  |  | 153,138 |  |  | $ | 48.54 |
Granted | 78,192 |  |  | $ | 96.90 |  |  | 37,666 |  |  | $ | 66.82 |
Vested | (67,564) |  |  | 65.91 |  |  | — |  |  | — |
Forfeited/canceled | (11,269) |  |  | 80.11 |  |  | — |  |  | — |
Unvested shares as of December 31, 2022 | 197,772 |  |  | $ | 77.49 |  |  | 190,804 |  |  | $ | 52.15 |
The following table summarizes restricted stock unit activity for the Prior Predecessor Period and the year ended December 31, 2020:
| Number of Unvested Restricted Stock Units |  | Weighted Average Grant Date Fair Value |  | Number of Unvested Performance Vesting Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Unvested shares as of December 31, 2019 | 4,098,318 |  |  | $ | 4.73 |  |  | 1,783,660 |  |  | $ | 2.96 |
Granted | 3,069,521 |  |  | 0.85 |  |  | — |  |  | — |
Vested | (1,294,285) |  |  | 5.73 |  |  | — |  |  | — |
Forfeited | (4,171,041) |  |  | 1.68 |  |  | (943,065) |  |  | 1.98 |
Unvested shares as of December 31, 2020 | 1,702,513 |  |  | $ | 4.74 |  |  | 840,595 |  |  | $ | 4.07 |
Granted | — |  |  | — |  |  | — |  |  | — |
Vested | (227,132) |  |  | 8.45 |  |  | — |  |  | — |
Forfeited/canceled | (1,475,381) |  |  | 4.16 |  |  | (840,595) |  |  | 4.07 |
Unvested shares as of May 17, 2021 | — |  |  | $ | — |  |  | — |  |  | $ | — |
Schedule of Grant Date Fair Value of Awards Granted | The table below summarizes the assumptions used in the Monte Carlo simulation to determine the grant date fair value of awards granted during the year ended December 31, 2022:
Grant date | April 29, 2022
Forecast period (years) | 3
Risk-free interest rates | 2.9%
Implied equity volatility | 88.4%
Stock price on the date of grant | $93.98

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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