XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.23.1

Equity-Based Compensation (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions Were Utilized In Determining the Fair Value of the Units at the Grant Date | The following assumptions were utilized in determining the fair value of the units at the grant date:
Expected dividend | —
Expected volatility | 60% to 85%
Risk-free interest rate | 0.13% to 2.53%
Expected life of incentive awards (in years) | 1 to 5 years
Grant date performance and market threshold | $35,000 to $1,250,000
The following weighted average assumptions were utilized in determining the fair value of options granted:
Weighted average grant date fair value | $4.52
Expected dividend | —
Expected volatility | 57%
Risk-free interest rate | 2.60%
Options term (in years) | 4.5
The Company used the Monte Carlo pricing model to estimate the fair value of PSUs utilizing the following assumptions at the grant date:
Expected dividend | —
Expected volatility | 65%
Risk-free interest rate | 3.97%
Award term years | 4.3
Valuation date share price | $6.21
Schedule of Changes in the Number of Incentive Units | The following table summarizes the changes in the number of Incentive Units for the three months ended March 31, 2023:
| Incentive Units |  | Weighted Average Grant Date Fair Value
Granted and outstanding at January 1, 2023 | 14,210 |  |  | $ | 192.52 |
Granted | — |  |  | — |
Forfeited | — |  |  | — |
Granted and outstanding at March 31, 2023 | 14,210 |  |  | $ | 192.52 |
Vested at March 31, 2023 | 3,323 |  |  | $ | 211.43 |
The following table summarizes information about stock options activities for the three months ended March 31, 2023:
| Stock Options |  | Weighted Average Exercise Price
Outstanding at January 1, 2023 | 792,370 |  |  | $ | 9.77 |
Granted | 126,556 |  |  | 7.34 |
Forfeited | (22,724) |  |  | 9.10 |
Outstanding at March 31, 2023 | 896,202 |  |  | $ | 9.44 |
Vested at March 31, 2023 | 150,696 |  |  | $ | 10.00 |
The following table summarizes information about the RSUs under the Omnibus Plan for the three months ended March 31, 2023:
| Restricted Stock Units |  | Weighted Average Grant Date Fair Value
Nonvested at January 1, 2023 | 823,829 |  |  | $ | 10.68 |
Granted | 141,729 |  |  | 7.34 |
Forfeited | (37,475) |  |  | 11.03 |
Vested | (4,562) |  |  | 13.70 |
Nonvested at March 31, 2023 | 923,521 |  |  | $ | 10.14 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration