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STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Restricted Stock Unit Activity | The table below summarizes RSU activity for the six months ended June 30, 2024:
| RSUs |  | Weighted-Average Grant Date Fair Value (per unit)
Unvested at December 31, 2023 | 745,840 |  |  | $ | 10.61 |
Granted | 642,772 |  |  | 10.68 |
Vested | (510,166) |  |  | 8.55 |
Forfeited | (99,403) |  |  | 14.12 |
Unvested at June 30, 2024 | 779,043 |  |  | $ | 11.55 |
Schedule of Weighted-average Assumptions for Stock Options | The weighted-average assumptions for stock options granted are outlined in the following table:
Dividend yield | 0.0 | %
Risk-free interest rate | 4.1 | %
Expected term (in years) | 2
Expected volatility | 78.2 | %
Schedule of Stock Options Activity | The table below summarizes stock option activity for the six months ended June 30, 2024:
| Options |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value (in thousands)
Total outstanding at December 31, 2023(1) | 3,062,500 |  |  | $ | 6.00 |  |  | 2.25 |  | 20,948 |
Exercised | — |  |  | — |  |  | — |  |  | — |
Total outstanding at June 30, 2024 | 3,062,500 |  |  | 6.00 |  |  | 1.75 |  | 28,481 |
Exercisable at June 30, 2024 | 1,750,000 |  |  | $ | 6.00 |  |  | 1.75 |  | $ | 16,275 |
(1) Consists of 2,187,500 outstanding (unvested) stock options and 875,000 exercisable stock options as of December 31, 2023, as presented within our Annual Report on Form 10-K.
Schedule of Performance Share Unit Activity | The table below summarizes PSU activity for the six months ended June 30, 2024:
| PSUs |  | Weighted-Average Grant Date Fair Value (per unit) | 2024 Executive PSUs |  | Weighted-Average Grant Date Fair Value (per unit)
Unvested at December 31, 2023 | 506,324 |  |  | $ | 6.34 |  | — |  |  | $ | — |
Granted | — |  |  | — |  | 3,537,145 |  |  | 13.59 |
Vested | (422,368) |  |  | 6.35 |  | — |  |  | — |
Forfeited | (83,956) |  |  | 6.31 |  | — |  |  | — |
Unvested at June 30, 2024 | — |  |  | $ | — |  | 3,537,145 |  |  | $ | 13.59 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -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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