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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

9 Months Ended

Sep. 30, 2024

Employee Stock Option

STOCK-BASED COMPENSATION

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Weighted		​	Weighted		​	​	​
​	​	Number	​	Average		​	Average		​	​	​
​	​	of	​	Exercise		​	Fair		​	​	​
​		Options		Price			Value			​	​
Outstanding as of January 1, 2024		368,190		$	7.93	​	$	2.82	​	​	​
Granted		—	​	​	—	​	​	—	​	​	​
Exercised		(65,245)	​	​	8.03	​	​	3.09	​	​	​
Forfeited		—	​	​	—	​	​	—	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Outstanding as of September 30, 2024		302,945		$	7.91	​	$	2.76	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Exercisable as of September 30, 2024		302,945		$	7.91	​	$	2.76	​	​	​

​

​

The following table summarizes certain information about the options outstanding as of September 30, 2024:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Options Outstanding and Unvested,

​

Options Outstanding and Exercisable,

​

​

​

​

September 30, 2024

​

September 30, 2024

​

Weighted

​

​

​

​

​

​

Weighted

​

​

​

​

​

Weighted

​

Average

​

​

Weighted

​

Average

​

​

​

Weighted

​

Average

​

Exercise Price of

​

​

Average

​

Remaining

​

​

​

Average

​

Remaining

​

Outstanding

​

Number of

​

Exercise

​

Contractual

​

Number of

​

Exercise

​

Contractual

​

Options

Options

Price

Life

Options

Price

Life

$

7.91

​

—

​

$

—

​

—

​

302,945

​

$

7.91

​

1.63

​

​

Schedule of nonvested stock amortization expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Three Months Ended

​

For the Nine Months Ended

​

​

​

September 30,

​

September 30,

​

​

​

2024

​

2023

​

2024

2023

General and administrative expenses

​

$

—

​

$

13

​

$

6

​

$

71

​

RSU

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Three Months Ended

​

For the Nine Months Ended

​

​

​

September 30,

​

September 30,

​

​

​

2024

​

2023

2024

2023

General and administrative expenses

​

$

1,178

​

$

1,243

​

$

3,457

​

$

3,848

​

Summary of nonvested restricted stock units

​

​	​	​	​	​	​	​
​	​	​	​	Weighted		​
​	​	Number of	​	Average Grant		​
​		RSUs	​	Date Price		​
Outstanding as of January 1, 2024	​	563,705	​	$	16.47	​
Granted	​	226,257	​	​	18.91	​
Vested	​	(236,189)	​	​	16.04	​
Forfeited	​	—	​	​	—	​
​	​	​	​	​	​	​
Outstanding as of September 30, 2024	​	553,773	​	$	17.65	​

The following table summarizes certain information of the RSUs unvested and vested as of September 30, 2024:

​

​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
September 30, 2024						​	September 30, 2024				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
553,773	​	$	17.65	​	1.33	​	354,885	​	$	12.96	​

Performance based restricted stock units

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Three Months Ended

​

For the Nine Months Ended

​

​

​

September 30,

​

September 30,

​

​

2024

2023

2024

2023

​

General and administrative expenses

​

$

330

​

$

141

​

$

878

​

$

256

​

​

Schedule of unvested PRSUs activity

​

​	​	​	​
​	​	​	​
​	​	Number of	​
​		PRSUs
Outstanding as of January 1, 2024		79,838
Granted		99,065	​
Vested		—	​
Forfeited		—	​
​	​	​	​
Outstanding as of September 30, 2024		178,903

Schedule of significant inputs used in the estimation of the fair value of awards granted

​

​	​	​	​	​	​
Significant Input	​	September 30, 2024	​	December 31, 2023	​
Closing share price of our common stock	​	$14.36 to $18.17	​	$14.36 to $16.30	​
Risk-free rate of return	​	3.81% to 4.38%	​	3.81% to 4.38%	​
Expected volatility of our common stock	​	48.34% to 54.53%	​	53.38% to 54.53%	​
Holding period discount		0%	​	0%
Simulation term (in years)		2.54 to 2.86	​	2.54 to 2.72
Range of target		0% to 200%	​	0% to 200%

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