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SHARE-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Valuation Assumptions | The assumptions used in determining the fair value of the SARs on the modification date were as follows:
| Time-Based |  | Market and Performance-Based
Expected term (in years) | 2.50 |  | 1.85
Expected volatility | 30 | % |  | 30 | %
Risk-free interest rate | 1.68 | % |  | 1.58 | %
Expected dividend yield | — |  |  | — |
Share price on valuation date | $ | 17.06 |  |  | $ | 17.06 |
The fair value of time-based options granted was calculated using the following assumptions during the years ended December 31, 2024, 2023 and 2022:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Expected term (years) | — |  |  | 6.25 |  | 6.25
Expected volatility (%) | — |  |  | 38 - 40% |  | 37 - 42%
Risk-free interest rate (%) | — |  |  | 4.22 - 4.26% |  | 1.58 - 2.82%
Expected dividend yield (%) | — |  |  | — |  |  | — |
Schedule of Stock Options, Cash-settled Units and Stock-Settled SARs Activity | The following table summarizes the stock options and stock-settled SARs activity for the year ended December 31, 2024:
| Time-based options and stock-settled SARs |  |  |  |  |  | Performance-based options
| Number of options and stock-settled SARs |  | Weighted Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value |  |  |  |  |  | Number of options |  | Weighted Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Outstanding at December 31, 2023 | 15,026,406 |  |  | $ | 2.35 |  |  |  |  |  |  |  |  |  |  | 760,095 |  |  | $ | 2.03 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  |  |  |
Cancelled/Forfeited | (2,583,647) |  |  | 5.30 |  |  |  |  |  |  |  |  |  |  | (240,054) |  |  | 3.34 |  |  |  |  |
Options Exercised and Issued for Shares | (1,199,319) |  |  | 0.76 |  |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  |  |  |
Outstanding at December 31, 2024 | 11,243,440 |  |  | $ | 2.51 |  |  | 6.3 |  | $ | 2,547 |  |  |  |  |  |  | 520,041 |  |  | $ | 1.51 |  |  | 3.7 |  | $ | 269 |
Vested and Exercisable | 5,674,547 |  |  | $ | 2.61 |  |  | 5.8 |  | $ | 1,304 |  |  |  |  |  |  | 520,041 |  |  | $ | 1.51 |  |  | 3.7 |  | $ | 269 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | The following table summarizes additional information with respect to stock options and SARs:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Weighted average grant date fair value per share of options granted | $ | — |  |  | $ | 2.58 |  |  | $ | 8.83 |
Intrinsic value of options and stock-settled SARs exercised | $ | 1,421 |  |  | $ | 39,098 |  |  | $ | 9,797 |
Schedule of Time-Based RSU | The table below summarizes the status of the Company’s time-based RSUs activity for the year ended December 31, 2024:
| Time-based RSUs
| Number of Awards |  | Weighted Average Grant-Date Fair Value Per Share
Unvested Shares at December 31, 2023 | 6,814,357 |  |  | $ | 2.96 |
Granted | 12,496,544 |  |  | 1.77 |
Vested | (2,293,639) |  |  | 3.00 |
Forfeited | (3,984,015) |  |  | 2.15 |
Unvested Shares at December 31, 2024 | 13,033,247 |  |  | $ | 2.07 |
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity | The following table summarizes additional information with respect to RSUs:
| Year Ended
| December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Weighted average grant date fair value per share of RSUs granted | $ | 1.77 |  |  | $ | 3.00 |  |  | $ | 17.27 |
Total grant date fair value of RSUs vested | $ | 6,872 |  |  | $ | 1,450 |  |  | $ | — |
Schedule of Share-Based Compensation Expense and the Weighted Average Grant Date Fair Value of Options Granted | The following table summarizes share-based compensation expense for the years ended December 31, 2024, 2023 and 2022:
|  | Year Ended
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022
Share-based compensation expense |  | $ | 11,123 |  |  | $ | 9,072 |  |  | $ | 7,275 |
Income tax benefit |  | $ | 1,836 |  |  | $ | 2,015 |  |  | $ | 1,428 |
Schedule of Unrecognized Compensation Costs for Stock Options | The following table summarizes unrecognized compensation costs from share-based compensation related to non-vested awards as of December 31, 2024:
| Unrecognized share-based compensation expense |  | Weighted-Average Remaining Recognition Period (in years)
Options | $ | 4,887 |  |  | 2.6
RSUs | 22,972 |  |  | 3.0
SARs | 992 |  |  | 1.2
Total unrecognized share-based compensation expense | $ | 28,851 |  |  |

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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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