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Stockholders' Deficit (Tables) | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award | These options contain market conditions whereby the options will vest and become exercisable subject to the achievement of a specified volume weighted average trading price ("VWAP") over a specified period and continued employment through the performance period each as observed and summarized below, respectively:
VWAP over 20 consecutive trading days of the three-year performance period |  |
VWAP |  | Number of Options that Vest |  |  |  |
$8.24 |  | 49,504 |  |  |  |
$9.62 |  | 49,504 |  |  |  |
$10.99 |  | 49,520 |  |  |  |
|  | 148,528 |  |  |  |
The stock units contain market conditions whereby the stock units will vest subject to the achievement of a specified VWAP, subject to continued employment or service through the end of the performance period as observed and summarized below:
|  | VWAP over a period of 20 consecutive trading days of the three-year performance period
|  |  |  | VWAP |  | Number of Shares that Vest
|  |  |  | $9.98 |  | 110,351
|  |  |  | $10.43 |  | 110,351
|  |  |  | $10.88 |  | 110,385
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions | The below table summarizes the assumptions used to estimate the fair value of the equity options granted:
| Monte Carlo Model |  | Black-Scholes Model |  |
Expected volatility | 49.5% |  | 49.4% - 49.5% |  |
Expected term | 6.0 years |  | 6.0 - 6.25 years |  |
Risk free interest rate | 4.04% |  | 3.87% - 4.04% |  |
Expected dividend yield | 11.54% |  | 11.54% - 12.01% |  |
The below table summarizes the assumptions used to estimate the fair value of the restricted stock units granted:
| Monte Carlo Model |  |
Expected volatility | 42.0% |  |
Risk free interest rate | 4.46% |  |
Expected dividend yield | 8.7% |  |
Schedule of Share-based Compensation, Stock Options, Activity | The following table summarizes all option activity for the six months ended June 30, 2025:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (years) |  | Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2024 | 6,984,335 |  |  | $ | 7.30 |  |  | 6.02 |  | $ | 12,779 |
Granted - service conditions | 222,094 |  |  | 6.84 |  |  |  |  |
Granted - market conditions | 148,528 |  |  | 6.93 |  |  |  |  |
Exercised | (104,034) |  |  | 6.64 |  |  |  |  | 234 |
Forfeited and expired | (72,153) |  |  | 8.44 |  |  |  |  |
Outstanding at June 30, 2025 | 7,178,770 |  |  | $ | 7.28 |  |  | 5.82 |  | $ | 5,484 |
Exercisable at June 30, 2025 | 4,691,949 |  |  | $ | 7.07 |  |  | 5.04 |  | $ | 4,436 |
Schedule of Nonvested Restricted Stock Shares Activity | The following table summarizes restricted stock activity for the six months ended June 30, 2025:
| Number of Shares |  | Weighted Average Fair Value |  |  |  |  |  |
Non-vested balance at January 1, 2025 | 127,348 |  | $ | 10.44 |  |  |  |  |  |  |
Shares granted | 102,556 |  |  | 8.93 |  |  |  |  |  |  |
Shares vested | (103,859) |  |  | 10.02 |  |  |  |  |  |  |
Non-vested balance at June 30, 2025 | 126,045 |  | $ | 9.56 |  |  |  |  |  |  |
The following table summarizes restricted stock unit activity for the six months ended June 30, 2025:
| Number of Shares |  | Weighted Average Fair Value |  |  |  |  |  |
Non-vested balance at January 1, 2025 | 655,033 |  | $ | 7.17 |  |  |  |  |  |  |
Shares granted - service conditions | 266,153 |  |  | 9.01 |  |  |  |  |  |  |
Shares granted - market conditions | 331,087 |  |  | 9.07 |  |  |  |  |  |  |
Bonus shares granted | 479,749 |  |  | 7.97 |  |  |  |  |  |  |
Shares vested | (558,873) |  |  | 8.12 |  |  |  |  |  |  |
Shares forfeited | (781) |  |  | 8.32 |  |  |  |  |  |  |
Non-vested balance at June 30, 2025 | 1,172,368 |  | $ | 7.55 |  |  |  |  |  |  |

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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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -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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