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SHARE-BASED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Deferred Compensation Arrangement with Individual, Share-Based Payments
The Company’s share-based compensation expense, by type of award, is as follows:
Years Ended December 31,
202420232022
RSUs(1)
$3,450 $2,595 $2,244 
SARs295 1,583 2,038 
Stock options1,669 447 359 
Total share-based compensation expense(2)
$5,414 $4,625 $4,641 
(1)The fair value of the RSUs granted under the Compensation Plan was estimated at the date of grant using the higher of the closing share price on the NYSE American on the last trading day before the date of grant and the five-day VWAP on the NYSE American ending on the last trading day before the grant date.
(2)Share-based compensation is included in Selling, general and administration in the Consolidated Statements of Operations and Comprehensive Income (Loss).
Share-Based Payment Arrangement, Restricted Stock Unit, Activity
A summary of the Company’s unvested RSU activity is as follows:
 Number of SharesWeighted Average Grant Date Fair Value
Unvested, December 31, 2021900,064 $2.94 
Granted411,467 6.52 
Vested(518,856)2.93 
Forfeited(45,250)5.40 
Unvested, December 31, 2022747,425 $4.77 
Granted450,232 7.36 
Vested(448,883)4.24 
Forfeited(106,935)7.03 
Unvested, December 31, 2023641,839 $6.57 
Granted879,699 6.50 
Vested(373,067)6.20 
Forfeited(5,325)5.59 
Unvested, December 31, 20241,143,146 $6.65 
Share-Based Payment Arrangement, Stock Appreciation Right, Valuation Assumptions The following table with the following weighted average assumptions used to determine fair values:
Years Ended December 31,
20232022
Risk-free interest rate3.58 %1.68 %
Expected life(1)
5.0 years5.0 years
Expected volatility(2)
55.00 %72.81 %
Expected dividend yield— %— %
Weighted average grant date fair value$3.45 $3.99 
(1)Monte Carlo analysis of SARs assumes employee suboptimal exercise at first vesting time for each tranche.
(2)Expected volatility is measured based on the Company’s historical share price volatility over a period equivalent to the expected life of the SARs.
Share-based Payment Arrangement, Stock Appreciation Right, Activity
A summary of the Company’s SARs activity is as follows:
 Number of SharesWeighted Average
Exercise Price
Weighted Average Remaining Contractual Life (Years)Intrinsic Value
Outstanding, December 31, 20211,672,422 $2.92
Granted833,315 6.47
Exercised(6,730)2.92
Forfeited(46,239)5.95
Outstanding, December 31, 20222,452,768 $4.07
Granted308,333 7.36
Exercised(842,107)2.92
Forfeited(79,466)7.30
Outstanding, December 31, 20231,839,528 $5.01
Granted— 
Exercised(250,036)2.92
Forfeited(3,152)7.36
Expired(569,595)2.94
Outstanding, December 31, 20241,016,745 $6.672.30— 
Exercisable, December 31, 2024— 0.00— 
A summary of the Company’s unvested SARs activity is as follows:
 Number of SharesWeighted Average Grant Date Fair Value
Unvested, December 31, 2021573,549 $1.19 
Granted833,315 3.99 
Vested— — 
Forfeited(46,239)4.13 
Unvested, December 31, 20221,360,625 $2.81 
Granted308,333 3.45 
Vested— — 
Forfeited(79,466)3.58 
Unvested, December 31, 20231,589,492 $2.89 
Granted— — 
Vested— — 
Expired(569,595)1.22 
Forfeited(3,152)3.45 
Unvested, December 31, 20241,016,745 $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 years ended December 31, 2024, 2023 and 2022 estimated at the date of grant, using the Black-Scholes Option Valuation Model, with the following weighted average assumptions:
Years Ended December 31,
202420232022
Risk-free interest rate4.6 %4.0 %2.4 %
Expected life3.1 years3.2 years3.2 years
Expected volatility(1)68.2 %74.0 %73.2 %
Expected dividend yield— %— %— %
Weighted average grant date fair value$3.33 $3.80 $4.93 
(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 the Company’s stock option activity, including Performance-Based Options, is as follows:
 Range of Exercise PricesNumber of SharesWeighted Average
Exercise Price
Weighted Average Remaining Contractual Life (Years)Intrinsic Value
Outstanding, December 31, 2021
$1.70 - $8.41
942,882 $2.79 
 Granted
5.84 - 10.03
118,318 6.52 
 Exercised
1.70 - 5.46
(256,315)2.93 
 Forfeited
3.06 - 10.03
(20,700)5.91 
 Expired
1.76 - 5.18
(16,507)2.52 
Unvested, December 31, 2022
$1.70 - $8.41
767,678 $3.24 
 Granted
5.34 - 8.60
153,299 7.20 
 Exercised
1.70 - 6.47
(348,538)2.83 
 Forfeited
3.89 - 7.36
(32,250)6.74 
 Expired
1.76 - 6.47
(16,720)3.75 
Outstanding, December 31, 2023
$1.76 - $8.60
523,469 $4.48 
 Granted
5.09 - 8.23
772,189 7.45 
 Exercised
1.76 - 6.47
(122,236)2.92 
 Forfeited
6.12 - 8.23
(32,637)7.25 
 Expired
2.92 - 7.36
(7,813)6.76 
Outstanding, December 31, 2024
$1.76 - $8.60
1,132,972 $6.58 3.34$461 
Exercisable, December 31, 2024
$1.76 - $8.60
334,168 $4.53 1.46$461 
A summary of the Company’s unvested stock option activity is as follows:
 Number of SharesWeighted Average Grant Date Fair Value
Unvested, December 31, 2021213,317 $1.34 
Granted118,318 4.93 
Vested(170,349)1.15 
Forfeited(20,700)4.54 
Unvested, December 31, 2022140,586 $4.12 
Granted153,299 3.71 
Vested(92,453)3.57 
Forfeited(32,250)3.78 
Unvested, December 31, 2023169,182 $4.11 
Granted772,189 3.33 
Vested(109,931)4.29 
Forfeited(32,637)3.61 
Unvested, December 31, 2024798,803 $3.35