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EQUITY-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Activity | A summary of restricted stock activity for the nine months ended September 30, 2023 and 2022 is as follows (in thousands except per share data):
| Number of RSUs |  | Weighted average grant date fair value |  | Weighted average remaining recognition period
Non-vested at December 31, 2021 | 2,671 |  | $ | 14.33 |  |  | 3.4
Granted | 1,395 |  | 7.61 |  |
Vested | (872) |  | 6.47 |  |
Forfeited | (441) |  | 9.78 |  |
Non-vested at September 30, 2022 | 2,753 |  |  | $ | 11.52 |  |  | 2.9
| Number of RSUs |  | Weighted average grant date fair value |  | Weighted average remaining recognition period
Non-vested at December 31, 2022 | 2,760 |  | $ | 11.92 |  |  | 2.7
Granted | 1,254 |  | 6.22 |  |
Vested | (716) |  | 11.69 |  |
Forfeited | (114) |  | 10.24 |  |
Non-vested at September 30, 2023 | 3,184 |  |  | $ | 9.75 |  |  | 2.4
Schedule of Equity-based Compensation, 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:
| September 30, 2023 |  | September 30, 2022
Expected annual dividend yield | — | % |  | — | %
Expected volatility | 77.30 | % |  | — | %
Risk-free rate of return | 3.54 | % |  | — | %
Expected option term (years) | 6.50 |  | — |
Schedule of Stock Option Activity | A summary of stock option activity for the nine months ended September 30, 2023 and 2022 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, 2021 | 613 |  | $ | 28.90 |  |  | 6.2
Granted | — |  | — |  |
Exercised | — |  | — |  |
Forfeited | — |  | — |  |
Balance, September 30, 2022 | 613 |  | $ | 28.90 |  |  | 4.3
| Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years)
Balance, December 31, 2022 | 613 |  | $ | 28.90 |  |  | 4.0
Granted | 459 |  | 5.72 |  | 10.0
Exercised | — |  | — |  |
Forfeited | (5) |  | 5.72 |  |
Balance, September 30, 2023 | 1,067 |  | $ | 19.03 |  |  | 5.9
Exercisable | 613 |  |  |  |
Schedule of Performance-Based Restricted Stock Activity | A summary of the PSU activity for the nine months ended September 30, 2023 and 2022 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, 2021 | 424 |  | $ | 18.65 |  |  | 2.0
Granted | 1,020 |  | 7.53 |  | —
Vested | — |  | — |  | —
Forfeited | (382) |  | 10.59 |  | —
Balance, September 30, 2022 | 1,062 |  | $ | 10.86 |  |  | 1.9
| Number of PSUs |  | Weighted average grant date fair value |  | Weighted average remaining recognition period
Balance, December 31, 2022 | 1,060 |  | $ | 10.87 |  |  | 1.7
Granted | 416 |  | 6.08 |  | —
Vested | — |  | — |  | —
Forfeited | (11) |  | 6.84 |  | —
Balance, September 30, 2023 | 1,465 |  | $ | 9.53 |  |  | 1.5

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- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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