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STOCKHOLDERS' EQUITY (DEFICIT) AND COMPENSATION ARRANGEMENTS (Tables)

6 Months Ended

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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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.

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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.

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