XML 60 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
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-BasedMarket and Performance-Based
Expected term (in years)2.501.85
Expected volatility30 %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)— 6.256.25
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 SARsPerformance-based options
Number of options and stock-settled SARsWeighted Average
Exercise Price Per Share
Weighted-Average
Remaining Contractual Term (in years)
Aggregate Intrinsic ValueNumber of optionsWeighted 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 Exercisable5,674,547 $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, 20236,814,357 $2.96 
Granted12,496,544 1.77 
Vested(2,293,639)3.00 
Forfeited(3,984,015)2.15 
Unvested Shares at December 31, 202413,033,247 $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