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EQUITY-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Stock Option Activity | A summary of stock option activity during the year ended December 31, 2021 is presented below:
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  |  |  |  | Average |  |  |  |
|  |  |  |  | Weighted |  |  | Remaining |  |  | Aggregate |
|  | Outstanding |  |  | Average |  |  | Contractual |  |  | Intrinsic Value |
|  | Stock Options |  |  | Exercise Price |  |  | Term |  |  | (in millions) |
December 31, 2020 |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Granted |  |  | 1,394,008 |  |  |  | 10.50 |  |  |  |  |  |  |
Forfeited |  |  | (7,034 | ) |  |  | 10.50 |  |  |  |  |  |  |
December 31, 2021 |  |  | 1,386,974 |  |  | $ | 10.50 |  |  |  | 2.54 |  |  | $ | 3.5 |
Schedule of Share-Based Payment Award Stock Options Valuation using Black-Scholes Option Pricing Model | The fair value of each stock option granted on July 16, 2021 was estimated on the grant date using the Black-Scholes option pricing model with the following assumptions:
Weighted-average expected term |  |  | 6.0 |
Expected volatility |  |  | 40.3 | %
Expected dividend |  | $ | — |
Risk-free interest rate |  |  | 0.94 | %
Schedule of RSU Activity | A summary of RSU activity during the year ended December 31, 2021 is presented below:
|  | Unvested Restricted Stock Units |
|  |  |  |  | Weighted |
|  | Number of |  |  | Average Grant |
|  | Shares |  |  | Date Fair Value |
December 31, 2020 |  |  | — |  |  | $ | - |
Granted |  |  | 658,891 |  |  |  | 12.06 |
Forfeited |  |  | (2,406 | ) |  |  | 12.06 |
December 31, 2021 |  |  | 656,485 |  |  | $ | 12.06 |
Schedule of Equity-Based Compensation Expense | Equity-based compensation expense included the following components:
|  | For the years ended |
|  | December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Stock options |  | $ | 824 |  |  | $ | — |  |  | $ | — |
Restricted stock units |  |  | 1,070 |  |  |  | — |  |  |  | — |
Profit interest units |  |  | 3,069 |  |  |  | 487 |  |  |  | 437 |
PIU [Member] |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Summary of Stock Option Activity | The table below summarizes the PIU activity for the years ended December 31, 2021, 2020 and 2019:
|  | Profit Interest Units |
|  |  |  |  | Weighted |
|  | Outstanding |  |  | Average Grant |
|  | Units |  |  | Date Fair Value |
December 31, 2018 |  |  | 27,925 |  |  | $ | 0.27 |
Granted |  |  | 3,906 |  |  |  | 0.25 |
December 31, 2019 |  |  | 31,831 |  |  |  | 0.27 |
Granted |  |  | 5,932 |  |  |  | 0.28 |
Forfeited |  |  | (2,193 | ) |  |  | 0.27 |
December 31, 2020 |  |  | 35,570 |  |  |  | 0.27 |
Granted |  |  | 8,445 |  |  |  | 1.31 |
Forfeited |  |  | (2,921 | ) |  |  | 0.30 |
December 31, 2021 |  |  | 41,094 |  |  | $ | 0.50 |
Schedule of Share-Based Payment Award Stock Options Valuation using Black-Scholes Option Pricing Model | The fair value of PIUs is estimated on the grant date with the following assumptions:
| For the years ended |
| December 31, 2021 |  |  | December 31, 2020 |  |  | December 31, 2019 |
Weighted-average expected term |  | 2.0 |  |  |  | 3.4 |  |  |  | 4.1 |
Expected volatility |  | 55.0 | % |  |  | 72.5 | % |  |  | 72.5 | %
Expected dividend | $ | — |  |  | $ | — |  |  | $ | — |
Risk-free interest rate |  | 0.3 | % |  |  | 0.3 | % |  |  | 1.5 | %

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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