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Equity-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Fair Value Assumptions | The fair value of options granted under the Plan was estimated on the grant date under the Black-Scholes OPM using the following assumptions:
|  |  | 2022 Grants |  |
Expected option term (years) |  |  | 6 |  |
Expected volatility |  |  | 59.50% to 72.20% |  |
Risk-free rate of return |  |  | 2.90%-3.95% |  |
Expected annual dividend yield |  |  | — | % |  |
Schedule of Option Activity | The table below presents the activity of stock options under the Plan:
|  | Shares |  | Weighted-Average Grant Date Fair Value per Share |  | Weighted-Average Exercise Price per Share |  | Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2021 |  | 1,546,400 |  |  | $ | 3.32 |  |  | $ | 10.00 |  |  | 9.67
Granted |  | 995,118 |  |  | 1.78 |  |  | 3.09 |  |  |
Expired |  | (33,834) |  |  | 3.31 |  |  | 10.00 |  |  |
Forfeited |  | (354,093) |  |  | 2.76 |  |  | 7.48 |  |  |
Outstanding as of December 31, 2022 |  | 2,153,591 |  |  | $ | 2.70 |  |  | $ | 7.22 |  |  | 8.60
Granted |  | — |  |  | — |  |  | — |  |  |
Expired |  | (13,001) |  |  | 3.28 |  |  | 9.86 |  |  |
Forfeited |  | (37,999) |  |  | 2.81 |  |  | 7.74 |  |  |
Outstanding as of December 31, 2023 |  | 2,102,591 |  |  | $ | 2.69 |  |  | $ | 7.20 |  |  | 7.42
Schedule of Monte-Carlo Simulation Following Assumptions | The fair value of PSUs granted under the Plan was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:
| 2023 Grants |  |
Valuation date stock price | $ | 2.63 |  |  |
Remaining term of performance period | 2.49 years |  |
Expected volatility | 81.00 | % |  |
Risk-free rate of return | 4.70 | % |  |
Expected annual dividend yield | — | % |  |
Schedule of Nonvested Restricted Stock Units Activity | The table below presents the activity of restricted stock units under the Plan:
| Restricted Shares |  | Weighted-Average Grant Date Fair Value per Share |  | Weighted-Average Remaining Contractual Term (in Years) |  | Aggregate Intrinsic Value
Unvested as of December 31, 2021 | 1,717,950 |  |  | $ | 11.66 |  |  | 1.8 |  | $ | 11,596 |
Granted | 1,710,596 |  |  | 3.27 |  |  |  |  |
Vested | (694,153) |  |  | 9.91 |  |  |  |  |
Forfeited | (451,615) |  |  | 8.81 |  |  |  |  |
Unvested as of December 31, 2022 | 2,282,778 |  |  | $ | 6.30 |  |  | 1.3 |  | $ | 4,520 |
Granted | 1,846,112 |  |  | 2.62 |  |  |  |  |
Vested | (979,810) |  |  | 6.44 |  |  |  |  |
Forfeited | (297,865) |  |  | 6.33 |  |  |  |  |
Unvested as of December 31, 2023 | 2,851,215 |  |  | $ | 3.89 |  |  | 1.2 |  | $ | 8,126 |
Schedule of Stock Compensation Expense | The table below presents the equity-based compensation expense recorded for the following periods:
|  |  | Year Ended |  |  |
|  |  |  |  | December 31, 2023 |  | December 31, 2022 |  |  |
Cost of sales |  |  |  |  |  |  |  |  |  |
Incentive units |  |  |  |  | $ | — |  |  | $ | 181 |  |  |  |
Stock options |  |  |  |  | 117 |  |  | 63 |  |  |  |
Restricted stock units |  |  |  |  | 2,540 |  |  | 2,386 |  |  |  |
Performance-based restricted stock units |  |  |  |  | 13 |  |  | — |  |  |  |
Total cost of sales |  |  |  |  | $ | 2,670 |  |  | $ | 2,630 |  |  |  |
Selling, general and administrative expenses |  |  |  |  |  |  |  |  |  |
Incentive units |  |  |  |  | $ | — |  |  | $ | 2,171 |  |  |  |
Stock options |  |  |  |  | 1,578 |  |  | 1,578 |  |  |  |
Restricted stock units |  |  |  |  | 3,982 |  |  | 4,407 |  |  |  |
Performance-based restricted stock units |  |  |  |  | 428 |  |  | — |  |  |  |
Total selling, general and administrative expenses |  |  |  |  | $ | 5,988 |  |  | $ | 8,156 |  |  |  |
Total equity-based compensation expense |  |  |  |  | $ | 8,658 |  |  | $ | 10,786 |  |  |  |

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