XML 44 R29.htm IDEA: XBRL DOCUMENT v3.22.4

EQUITY-BASED COMPENSATION (Tables)

12 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested performance-based units.

+ 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 (c)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ 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 (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in restricted stock units (RSUs).

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfUnvestedRestrictedStockUnitsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration