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SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Performance-Based Option Pricing Model | The following assumptions were used to determine the fair values as of the grant date:
|  | Nine months ended September 30, 2022 |  |  |  |
|  | Black-Scholes |  |  |  |  |  |
Risk-free interest rate (%) |  | 1.62 |  |  |  |  |  |  |
Expected stock price volatility (%) |  | 67.75 |  |  |  |  |  |  |
Expected dividend yield |  | — |  |  |  |  |  |  |
Expected option life (in years) |  | 6 |  |  |  |  |  |
Fair value |  | $ | 7.27 |  |  |  |  |  |  |
Summary of the Weighted Average Fair Value of Stock Options Granted, the Total Intrinsic Value of Stock Options Exercised and the Fair Value of Options Vested | The following table summarizes the grant date fair value of stock options that vested during the periods presented:
|  | Nine months ended September 30,
(in thousands, except per share data) |  | 2023 |  | 2022
Weighted average grant date fair value of stock options granted per share |  | $ | — |  |  | $ | 8.19 |
Intrinsic value of options exercised |  | — |  |  | — |
Grant date fair value of stock options that vested |  | 83 |  |  | 1,031 |
Summary of the Activity of the Entity's Stock Options | The following table summarizes the activity related to our stock options:
| Number of options |  | Weighted average exercise price |  | Weighted average contractual term (in years) |  | Aggregate intrinsic value (in thousands)
Outstanding as of December 31, 2022 | 745,277 |  |  | $ | 27.03 |  |  | 4.83 |  | $ | — |
Granted | — |  |  | — |  |  |  |  |
Forfeited | (6,088) |  |  | 25.26 |  |  |  |  |
Outstanding as of September 30, 2023 | 739,189 |  |  | 27.04 |  |  | 4.09 |  | — |
Exercisable as of September 30, 2023 | 543,701 |  |  | 25.27 |  |  | 3.50 |  | — |
Restricted Stock and Restricted Stock Units Activity | The following table summarizes the activity related to our restricted shares and restricted share units:
| Number of restricted shares and restricted share units
Outstanding as of December 31, 2022 | 755,006 |
Granted | 890,810 |
Issued | (213,576) |
Forfeited/canceled | (147,241) |
Outstanding as of September 30, 2023 | 1,284,999 |

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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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + 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 -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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