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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

3 Months Ended

Mar. 31, 2025

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, 2025		302,945		$	7.91	​	$	2.76	​	​
Granted		—	​	​	—	​	​	—	​	​
Exercised		(16,691)	​	​	8.07	​	​	3.76	​	​
Forfeited		—	​	​	—	​	​	—	​	​
​	​	​	​	​	​	​	​	​	​	​
Outstanding as of March 31, 2025		286,254		$	7.91	​	​	2.70	​	​
​	​	​	​	​	​	​	​	​	​	​
Exercisable as of March 31, 2025		286,254		$	7.91	​	$	2.70	​	​

​

The following table summarizes certain information about the options outstanding as of March 31, 2025:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Options Outstanding and Unvested,

​

Options Outstanding and Exercisable,

​

​

​

​

March 31, 2025

​

March 31, 2025

​

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

​

—

​

$

—

​

—

​

286,254

​

$

7.91

​

1.20

​

​

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​	​	2025			2024
General and administrative expenses	​	$	—	​	$	6	​

RSU

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​		2025			2024
General and administrative expenses	​	$	1,219	​	$	1,154	​

Summary of nonvested restricted stock units

​

​	​	​	​	​	​	​
​	​	​	​	Weighted		​
​	​	Number of	​	Average Grant		​
​		RSUs	​	Date Price		​
Outstanding as of January 1, 2025	​	554,686	​	$	17.65	​
Granted	​	275,765	​	​	14.82	​
Vested	​	(201,964)	​	​	17.48	​
Forfeited	​	(1,966)	​	​	16.96	​
​	​	​	​	​	​	​
Outstanding as of March 31, 2025	​	626,521	​	$	16.46	​

The following table summarizes certain information of the RSUs unvested and vested as of March 31, 2025:

​

​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
March 31, 2025						​	March 31, 2025				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
626,521	​	$	16.46	​	1.58	​	370,377	​	$	13.06	​

Performance based restricted stock units

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​		2025			2024		​
General and administrative expenses	​	$	277	​	$	222	​

​

Schedule of unvested PRSUs activity

​

​	​	​
​	​	Number of
​		PRSUs
Outstanding as of January 1, 2025		178,903
Granted		145,792
Vested		—
Forfeited		—
​	​	​
Outstanding as of March 31, 2025		324,695

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

​

​	​	​	​	​	​
Significant Input	​	March 31, 2025	​	December 31, 2024	​
Closing share price of our common stock	​	$14.36 to $18.17	​	$14.36 to $18.17	​
Risk-free rate of return	​	3.81% to 4.38%	​	3.81% to 4.38%	​
Expected volatility of our common stock	​	38.99% to 54.53%	​	48.34% to 54.53%	​
Holding period discount		0%	​	0%
Simulation term (in years)		2.54 to 2.86	​	2.54 to 2.86
Range of target		0% to 200%	​	0% to 200%

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