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SHARE-BASED PAYMENTS (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The Company’s share-based compensation expense, by type of award, is as follows:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
RSUs(1)			$	636					$	523					$	2,218					$	2,329
SARs			4						653						268						1,393
Stock options			387						117						1,298						311
Total share-based compensation expense(2)			$	1,027					$	1,293					$	3,784					$	4,033

(1)The fair value of the RSUs granted under the Compensation Plan for the three and nine months ended September 30, 2024 and 2023 was estimated at the date of grant using the stated market price on the NYSE American.

(2)Share-based compensation is included in Selling, general and administration in the Condensed Consolidated Statements of Operations and Comprehensive Income.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the Company’s unvested RSU activity is as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Unvested, December 31, 2023			641,839						$	6.57
Granted			406,035						7.25
Vested			(373,067)						6.20
Forfeited			—						—
Unvested, September 30, 2024			674,807						$	7.19

A summary of the Company’s SARs activity is as follows:

			Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)						Intrinsic Value
Outstanding, December 31, 2023			1,839,528						$	5.01
Granted			—						—
Exercised			(250,036)						2.92
Forfeited			(3,152)						7.36
Expired			(569,595)						2.94
Outstanding, September 30, 2024			1,016,745						$	6.67					2.55						$	—
Exercisable, September 30, 2024			—						$	—					—						$	—

A summary of the Company’s unvested SARs activity is as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Unvested, December 31, 2023			1,589,492						$	2.89
Granted			—						—
Vested			—						—
Expired			(569,595)						1.22
Forfeited			(3,152)						3.45
Unvested, September 30, 2024			1,016,745						$	3.83

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of all stock options, including Performance Based Options, granted under the Compensation Plan for the nine months ended September 30, 2024 was estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions:

Risk-free interest rate			4.67		%
Expected life			3.09
Expected volatility(1)			68.82		%
Expected dividend yield			—		%
Weighted average grant date fair value			$	3.44

(1)Expected volatility is measured based on the Company’s historical share price volatility over a period equivalent to the expected life of the stock options.

Schedule of Share-based Compensation, Stock Options, Activity

A summary of all of the Company’s stock option activity, including Performance Based Options, is as follows:

			Range of Exercise Prices						Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)						Intrinsic Value
Outstanding, December 31, 2023			$1.76 - $8.60						523,468						$	4.48
Granted			5.09 - 8.23						626,437						7.55
Exercised			1.76 - 6.47						(47,804)						3.32
Forfeited			6.12 - 8.23						(30,012)						7.35
Expired			2.92 - 7.36						(5,885)						6.57
Outstanding, September 30, 2024			$1.76 - $8.60						1,066,204						$	6.25					3.15						$	751
Exercisable, September 30, 2024			$1.76 - $8.41						399,742						$	4.08					1.39						$	739

A summary of the Company’s unvested stock option activity is as follows:

			Number of Shares						Weighted Average Grant Date Fair Value
Unvested, December 31, 2023			169,182						$	4.11
Granted			626,437						3.44
Vested			(99,145)						4.32
Forfeited			(30,012)						3.67
Unvested, September 30, 2024			666,462						$	3.47

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