XML 60 R45.htm IDEA: XBRL DOCUMENT
v3.24.0.1

STOCK-BASED COMPENSATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
PROFITS INTEREST UNITS |
Summary of stock-based compensation expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended | ​
​ | ​ | December 31, | ​
​ | ​ | 2023 | ​ | 2022 |  | 2021 | ​
Cost of sales | ​ | $ | 81 | ​ | $ | 3,762 | ​ | $ | 8,697 | ​
Selling, general, and administrative | ​ |  | 18,723 | ​ |  | 46,872 | ​ |  | 120,078 | ​
​ | ​ | $ | 18,804 | ​ | $ | 50,634 | ​ | $ | 128,775 | ​
Schedule of assumptions used to determine the fair value of option awards granted | The following table sets forth the significant assumptions used in the Black-Scholes option-pricing model on a weighted-average basis to determine the fair value of stock appreciation rights awards granted:
​ | ​ | ​ | ​
​ | ​ | Year Ended | ​
​ |  | December 31, 2023
Risk-free interest rate | ​ | 3.54 | %
Expected volatility | ​ | 40.34 | %
Expected term (in years) | ​ | 6.25 | ​
Expected dividend yield | ​ | 0.00 | %
​ The following table sets forth the significant assumptions used in the Black-Scholes option-pricing model on a weighted-average basis to determine the fair value of option awards granted: ​
​ | ​ | ​ | ​
​ | ​ | Year Ended | ​
​ | ​ | December 31, 2022
Risk-free interest rate |  | 2.06 | %
Expected volatility |  | 39.68 | %
Expected term (in years) |  | 6.25 | ​
Expected dividend yield |  | 0.00 | %
Schedule of restricted stock awards | The following table represents the Company’s restricted stock awards activity during the year ended December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted-
​ | ​ | ​ | ​ | Average Grant-
​ |  | Shares |  | Date Fair Value
Outstanding at January 1, 2023 |  | 2,576,219 | ​ | $ | 19.00
Granted |  | — | ​ |  | —
Vested |  | (2,377,883) | ​ |  | 19.00
Forfeited |  | (155,450) | ​ |  | 19.00
Outstanding at December 31, 2023 |  | 42,886 | ​ | $ | 19.00
Schedule of restricted stock units | The following table represents the Company’s restricted stock units activity during the year ended December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Weighted-
​ | ​ | ​ | ​ | Average Grant-
​ | ​ | Shares | ​ | Date Fair Value
Outstanding at January 1, 2023 |  | 617,941 | ​ | $ | 8.37
Granted |  | 2,345,746 | ​ |  | 3.18
Vested |  | (465,863) | ​ |  | 7.63
Forfeited |  | (262,345) | ​ |  | 3.90
Outstanding at December 31, 2023 |  | 2,235,479 | ​ | $ | 3.60
Schedule of stock option activity | The following table represents the Company’s stock option activity during the year ended December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ | Weighted- |  | Weighted- |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Average | ​ | Average | ​ | ​ | ​
​ | ​ | ​ | ​ | Exercise Price | ​ | Remaining | ​ | Aggregate
​ |  | Shares |  | per Share |  | Contract Term |  | Intrinsic Value
​ |  | ​ |  | ​ | ​ | ​ | (in years) | ​ | (in thousands)
Outstanding at January 1, 2023 |  | 1,914,670 | ​ | $ | 14.85 |  | ​ | ​ | ​ | ​
Granted |  | — | ​ | ​ | — |  |  | ​ |  |
Exercised |  | — | ​ |  | — |  |  | ​ |  |
Forfeited |  | (311,344) | ​ |  | 11.37 |  |  | ​ |  |
Expired | ​ | (82,922) | ​ | ​ | 17.75 | ​ | ​ | ​ | ​ | ​
Outstanding at December 31, 2023 |  | 1,520,404 | ​ | $ | 15.40 |  | 7.94 | ​ | $ | —
Vested and expected to vest at December 31, 2023 |  | 1,520,404 | ​ | $ | 15.40 |  | 7.94 | ​ | $ | —
Options exercisable at December 31, 2023 |  | 521,173 | ​ | $ | 16.38 |  | 7.77 | ​ | $ | —
Schedule of stock appreciation rights activity | The following table represents the Company’s stock appreciation rights activity during the year ended December 31, 2023:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ | Weighted- |  | Weighted- |  | ​ | ​
​ | ​ | ​ | ​ | ​ | Average | ​ | Average | ​ | ​ | ​
​ | ​ | ​ | ​ | Exercise Price | ​ | Remaining | ​ | Aggregate
​ |  | Shares |  | per Share |  | Contract Term |  | Intrinsic Value
​ |  | ​ |  | ​ | ​ | ​ | (in years) | ​ | (in thousands)
Outstanding at January 1, 2023 |  | — | ​ | $ | — |  | ​ | ​ | ​ | ​
Granted |  | 849,058 | ​ | ​ | 3.17 |  |  | ​ |  |
Exercised |  | — | ​ |  | — |  |  | ​ |  |
Forfeited |  | (93,256) | ​ |  | 3.24 |  |  | ​ |  |
Outstanding at December 31, 2023 |  | 755,802 | ​ | $ | 3.16 |  | 9.37 | ​ | $ | 24,729
Vested and expected to vest at December 31, 2023 |  | 755,802 | ​ | $ | 3.16 |  | 9.37 | ​ | $ | 24,729
Stock appreciation rights exercisable at December 31, 2023 |  | — | ​ | $ | — |  | — | ​ | $ | —

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 -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 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year. + 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 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration