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EQUITY-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule Equity-based Compensation Awards Valuation Assumptions | Fair value of the RSUs is estimated on the date of grant using the Black-Scholes option-pricing model using the following assumptions:
| 2022 |  | 2021
Expected annual dividend yield | — | % |  | — | %
Expected volatility | — | % |  | 49.1 | %
Risk-free rate of return | — | % |  | 0.1 | %
Expected option term (years) | 0 |  | 0.2
The fair value and derived service period of the Market PSUs is estimated on the date of grant using a Monte Carlo simulation with the following assumptions:
| 2022 |  | 2021
Expected annual dividend yield | — | % |  | — | %
Expected volatility | — | % |  | 54.8 | %
Risk-free rate of return | — | % |  | 0.3 | %
Expected option term (years) | 0 |  | 2.7
Schedule of Restricted Stock Activity | A summary of restricted stock activity for the years ended December 31, 2022 and 2021 is as follows (in thousands except per share data):
| Number of RSU's |  | Weighted average grant date fair value |  | Weighted average remaining recognition period
Non-vested at December 31, 2020 | 762 |  |  | 1.39 |  |  |
Granted | 2,745 |  |  | 18.14 |  |  |
Vested | (800) |  |  | 8.71 |  |  |
Forfeited | (36) |  |  | 3.34 |  |  |
Non-vested at December 31, 2021 | 2,671 |  |  | 14.33 |  |  | 3.38
Granted | 1,525 |  |  | 7.49 |  |  |
Vested | (982) |  |  | 5.89 |  |  |
Forfeited | (454) |  |  | 9.76 |  |  |
Non-vested at December 31, 2022 | 2,760 |  |  | 11.92 |  |  | 2.74
Schedule of Stock Options Valuation Assumptions | The fair value of the stock is estimated on the date of grant using the Black-Scholes option-pricing model using the following assumptions:
| 2022 |  | 2021
Expected annual dividend yield | — | % |  | — | %
Expected volatility | — | % |  | 47.5 | %
Risk-free rate of return | — | % |  | 0.7 | %
Expected option term (years) | 0 |  | 4.5
Schedule of Stock Option Activity | A summary of stock option activity for the years ended December 31, 2022 and 2021 is as follows (in thousands except per share data):
| Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years)
Balance, December 31, 2020 | — |  |  | $ | — |  |  | — |
Granted | 613 |  |  | 28.90 |  |  | 7.00
Exercised | — |  |  | — |  |  | — |
Forfeited | — |  |  | — |  |  | — |
Balance, December 31, 2021 | 613 |  |  | $ | 28.90 |  |  | 6.21
Granted | — |  |  | — |  |  | — |
Exercised | — |  |  | — |  |  | — |
Forfeited | — |  |  | — |  |  | — |
Balance, December 31, 2022 | 613 |  |  | $ | 28.90 |  |  | 4.04
Exercisable | 613 |  |  | — |  |  | — |
Schedule of Performance-Based Restricted Stock Activity | A summary of the PSU activity for the years ended December 31, 2022 and 2021 is as follows (in thousands except per share data):
| Number of PSUs |  | Weighted Average Grant Date Fair Value |  | Weighted average remaining recognition period
Balance, December 31, 2020 | — |  |  | $ | — |  |  |
Granted | 424 |  |  | 18.65 |  |  |
Vested | — |  |  | — |  |  |
Forfeited | — |  |  | — |  |  |
Balance, December 31, 2021 | 424 |  |  | $ | 18.65 |  |  | 2.00
Granted | 1,020 |  |  | 7.53 |  |  |
Vested | — |  |  | — |  |  |
Forfeited | (384) |  |  | 10.58 |  |  |
Balance, December 31, 2022 | 1,060 |  |  | $ | 10.87 |  |  | 1.70

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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