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EQUITY-BASED COMPENSATION (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-based Compensation Arrangements | The following table presents our stock-based compensation expense recognized in the Consolidated and Combined Consolidated Statements of Operations:
| Year Ended December 31, |  | Remaining Expense To Be Recognized, If All Vesting Conditions Are Met as of December 31, 2022
| 2022 |  | 2021 |  | 2020 |  |
Restricted shares | $ | 2,020 |  |  | $ | 3,215 |  |  | 1,676 |  |  |  | $ | 1,512 |
Common units | 2,126 |  |  | 823 |  |  | 649 |  |  |  | 2,690 |
Total | $ | 4,146 |  |  | $ | 4,038 |  |  | $ | 2,325 |  |  |  | $ | 4,202 |
Summary of Activity | The following tables present information for our stock options, restricted shares of our subsidiary and common units of our subsidiary:
| Stock Options |  | Restricted Shares |  | Common Units
| Options |  | Weighted Average Exercise Price |  | Shares |  | Weighted Average Issuance Price |  | Units |  | Weighted Average Issuance Price
Outstanding as of December 31, 2021 | — |  |  | $ | — |  |  | 619,241 |  |  | $ | 8.02 |  |  | 960,829 |  |  | $ | 1.14 |
Granted | 14,647,307 |  |  | 2.77 |  |  | — |  |  | — |  |  | 3,800,000 |  |  | 1.00 |
Less: exercised or vested | 252,472 |  |  | 2.08 |  |  | 259,717 |  |  | 8.19 |  |  | 1,940,467 |  |  | 1.05 |
Less: forfeited and canceled | — |  |  | — |  |  | 30,744 |  |  | 7.96 |  |  | — |  |  | — |
Outstanding as of December 31, 2022 | 14,394,835 |  |  |  |  | 328,780 |  |  |  |  | 2,820,362 |  |  |
| Stock Options |  | Restricted Shares |  | Common Units
As of December 31, 2022: |  |  |  |  |
Weighted average exercise / issuance price (per share) | $ | 2.77 |  |  | $ | 8.10 |  |  | $ | 1.02 |
Aggregate intrinsic value (in thousands) | $ | 3,461 |  |  | $ | 3,269 |  |  | $ | 3,091 |
Weighted average remaining contractual term | 9.0 years |  | 0.5 years |  | 1.2 years
Summary of Options to Purchase Common Shares | The following table presents information related to the options to purchase our common stock:
|  | Year Ended
|  | December 31, 2022
Number of options |  | 10,869,565
Fair value at grant date ($ millions) | $18.1
Expected volatility | The expected stock volatility is based on an assessment of the volatility of our publicly traded common stock. | 60.00%
Risk free interest rate | The risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant. | 2.58%
Expected dividend yield | The expected dividend yield is based on management’s expected dividend rate. | 3.60%
Early exercise multiple | Assumption that options will be exercised when the share price to strike price ratio reaches a certain threshold. | 2.5
Expected term | Expected term used represents the period of time the options granted are expected to be outstanding. | 10.0 years
Number of time steps | The number of time steps between the valuation and expiration dates. | 1,000

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