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COMPENSATION ARRANGEMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation Expense
The stock-based compensation expense, net of capitalization related to stock awards issued under the 2011 Plan are presented within the following line items of the Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 (in thousands):
Year Ended December 31,
202420232022
Cost of revenue $121 $119 $395 
Marketing52 53 1,054 
Selling, general and administrative26,561 14,309 28,557 
Total stock-based compensation expense (1)
$26,734 $14,481 $30,006 
(1)    Excludes expense related to the 2024 Executive PSUs that are required to be settled in cash.
Schedule of Restricted Stock Unit Activity
The table below summarizes RSUs activity under the 2011 Plan for the year ended December 31, 2024:
RSUs
Weighted- Average Grant Date Fair Value (per share)
Unvested at December 31, 2023745,840 $10.61 
Granted760,858 10.56 
Vested(607,188)8.95 
Forfeited(188,164)12.51 
Unvested at December 31, 2024711,346 $11.18 
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions The weighted-average assumptions for stock options granted are outlined in the following table:
Dividend yield0.0 %
Risk-free interest rate4.1 %
Expected term (in years)2.00
Expected volatility78.2 %
Schedule of Stock Options Roll Forward
OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (in years)
Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2023(1)
3,062,500 $6.00 2.25$20,948 
Outstanding at December 31, 20243,062,500 6.00 1.2518,834 
Exercisable at December 31, 20242,625,000 $6.00 1.25$16,144 
(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 2023 Annual Report on Form 10-K
Schedule of Share-Based Payment Arrangement, Performance Shares, Activity
The table below summarizes PSU activity for the year ended December 31, 2024:
PSUsWeighted-Average Grant Date Fair Value (per unit)
Unvested at December 31, 2023506,324 $6.34 
Granted 16,417 16.68 
Vested(422,368)6.35 
Forfeited(83,956)6.31 
Unvested at December 31, 202416,417 $16.68 
Maximum shares issuable upon vesting at December 31, 2024
24,626 
The table below summarizes equity-classified 2024 Executive PSU activity for the year ended December 31, 2024:
Equity-classified 2024 Executive PSUs
Weighted-Average Grant Date Fair Value (per unit)
Unvested at December 31, 2023— $— 
Granted 3,698,064 13.29 
Vested— — 
Forfeited— — 
Unvested at December 31, 20243,698,064 $13.29 
The table below summarizes liability-classified 2024 Executive PSU activity for the year ended December 31, 2024:

Liability-classified 2024 Executive PSUs
Weighted-Average Grant Date Fair Value (per unit)
Unvested at December 31, 2023— $— 
Granted 261,365 6.70 
Vested— — 
Forfeited
— — 
Unvested at December 31, 2024261,365 $6.70 
Schedule of Share-Based Payment Award, Equity Instrument Other Than Options, Valuation Assumptions
The key inputs used in the Monte Carlo simulation and requisite service period for the equity-classified 2024 Executive PSUs by grant date are outlined in the following table:
Equity-classified 2024 Executive PSUs
June 12, 2024October 14, 2024
Dividend yield0.00 %0.00 %
Risk-free interest rate4.46 %3.86 %
Expected volatility95.73 %98.70 %
Requisite service period (in years)
2.882.54