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SHARE-BASED PAYMENTS
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
SHARE-BASED COMPENSATION STOCK-BASED COMPENSATION
The Company recorded the following stock-based compensation expense for the periods presented:


SuccessorPredecessor
Three Months Ended March 31, 2023Period from January 27, 2022 through March 31, 2022Period from January 1, 2022 through January 26, 2022
Stock-based compensation expense$13,925 $32,302 $23,705 

Protected.net Incentive Plan

During the three months ended March 31, 2023, the Company recognized $7,533 for both the 2023 Award and 2024 Award of the Protected.net Incentive Plan within Salaries and benefits on the condensed consolidated statements of operations. Although the last twelve months cash EBITDA target for the 2024 Award of the Protected.net Incentive Plan has not yet been met, the Company determined that it was probable of achievement. Refer to Note 14—RELATED-PARTY TRANSACTIONS.

CouponFollow Incentive Plan

As of March 31, 2023, the Company has determined that it was not probable that the CouponFollow business would achieve any of the contingent earnout targets during the Performance Periods, and accordingly, it did not record a liability for any of the tier amounts set forth in the CouponFollow Incentive Plan. During the three months ended March 31, 2023, the Company recognized $268 for the Fixed Amount of the CouponFollow Incentive Plan within Salaries and benefits expenses on the accompanying condensed consolidated statements of operations, which is net of a $566 difference between the fair value of the Class A common stock issued to settle the earnout liability for the First Performance Period for fiscal 2022 and the carrying value of the earnout liability.

On March 1, 2023, the Company settled the first Fixed Earn-Out Amount of $3,333 for the performance period ending December 31, 2022, in shares. The Company issued 407 shares of Class A Common stock, with an aggregate fair value of $1,658, net of shares withheld for taxes, on the date of settlement.