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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

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 years ended December 31, 2022 and December 31, 2023:

			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
Granted			104,901						88.59						83,820						58.39
Vested			(101,804)						75.75						—						—
Forfeited/canceled			(7,267)						91.61						(19,046)						49.37
Unvested shares as of December 31, 2023			193,602						$	83.89					255,578						$	54.40

The following table summarizes restricted stock unit activity for the Prior Predecessor Period:

			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 January 1, 2021			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 years ended December 31, 2022 and December 31, 2023:

Grant date			April 29, 2022			January 24, 2023			March 3, 2023			April 3, 2023
Forecast period (years)			3			3			3			3
Risk-free interest rates			2.87%			3.88%			4.64%			3.79%
Implied equity volatility			88.4%			87.2%			86.4%			70.8%
Stock price on the date of grant			$93.98			$72.99			$82.20			$79.50

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- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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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

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