XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure [Table]      
Disclosure - Pay vs Performance Disclosure
Year  Summary Compensation Table Total for PEO(1)
($)
  

Compensation actually paid to PEO(2)

($) 

  

Average summary compensation table total for non-PEO named executive officers(3)

($) 

  

Average compensation actually paid to non-PEO named executive officers(4)

($) 

  

Value of initial fixed $100 investment based on Total Shareholder Return (“TSR”)(5)

($) 

  

Net Income

($)

  

Adjusted EBITDA(7)

($)
 
2024   695,003    1,110,123    505,172    684,531   181.88    (546,215)   2,451,882 
2023   362,225    382,692    240,560    249,080   66.93    519,266    2,744,649 
2022   724,398    527,166    363,036    264,316    90.66    24,027    2,413,901 
   
Company Selected Measure Name EBITDA    
PEO Total Compensation Amount [1] $ 695,003 $ 362,225 $ 724,398
PEO Actually Paid Compensation Amount [2] $ 1,110,123 382,692 527,166
Adjustment To PEO Compensation, Footnote [Text Block]
Year  Reported Summary
Compensation
Table Total
  

Reported value of

equity awards(a)

  

Equity award

adjustments(b)

   Compensation
actually paid
 
PEO
Year  Reported Summary
Compensation
Table Total ($)
  

Reported value of

equity awards(a) ($)

  

Equity award

adjustments(b) ($)

   Compensation
actually paid ($)
 
2024   695,003    264,900    680,020    1,110,123 
2023   362,225    0    20,467    382,692 
2022   724,398    406,753    209,521    527,166 

 

(a) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

 

(b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; and (iii) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows:

 

 

Year  Year-end fair value
of equity awards
granted and
unvested in the year
   Year over year
change in fair value
of outstanding and
unvested equity awards
   Year over year
change in fair value
of equity awards
granted in prior
years that vested in
the year
   Total equity awards
adjustments
 
PEO
Year  Year-end fair value
of equity awards
granted and
unvested in the year ($)
   Year over year
change in fair value
of outstanding and
unvested equity awards ($)
   Year over year
change in fair value
of equity awards
granted in prior
years that vested in
the year ($)
   Total equity awards
adjustments ($)
 
2024   275,000    180,094    224,927    680,020 
2023   0    13,259    7,208    20,467 
2022   265,538    (37,344)   (18,672)   209,521 
   
Non-PEO NEO Average Total Compensation Amount [3] $ 505,172 240,560 363,036
Non-PEO NEO Average Compensation Actually Paid Amount [4] $ 684,531 249,080 264,316
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

 

Year  Reported Summary Compensation Table   Reported value of equity awards(a)   Equity award adjustments(b)   Compensation actually paid 
Non-PEO NEOs
Year  Reported Summary Compensation Table
($)
   Reported value of equity awards(a)
($)
   Equity award adjustments(b)

($)

   Compensation actually paid
($)
 
2024   505,172    220,750    400,109    684,531 
2023   240,560    0    8,520    249,080 
2022   363,036    152,534    53,814    264,316 

 

(a) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.

 

(b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; and (iii) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows:
Year  Average year end fair value of equity awards granted and unvested in the year   Average year over year change in fair value of outstanding and unvested equity awards   Average year over year change in fair value of equity awards granted in prior years that vested in the year   Total equity awards adjustments 
Non-PEO NEOs
Year  Average year end fair value of equity awards granted and unvested in the year
($)
   Average year over year change in fair value of outstanding and unvested equity awards
($)
   Average year over year change in fair value of equity awards granted in prior years that vested in the year
($)
   Total equity awards adjustments
($)
 
2024   229,171    67,536    103,402    400,109 
2023   0    5,464    3,056    8,520 
2022   99,577    (30,351)   (15,413)   53,814 
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

 

The following graph illustrates the relationship during 2022-2024 of the CAP for our CEO and other NEOs as calculated pursuant to SEC rules to our TSR.

 

   
Compensation Actually Paid vs. Net Income [Text Block]

 

The following graph illustrates the relationship during 2022-2024 of the CAP for our CEO and other NEOs as calculated pursuant to SEC rules to our net income.

 

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]

 

The following graph illustrates the relationship during 2022-2024 of the CAP for our CEO and other NEOs as calculated pursuant to SEC rules to our Adjusted EBITDA.

 

   
Total Shareholder Return Amount [5] $ 181.88 66.93 90.66
Net Income (Loss) Attributable to Parent $ (546,215,000) $ 519,266,000 $ 24,027,000
Company Selected Measure Amount [6] 2,451,882,000 2,744,649,000 2,413,901,000
PEO Name Mr. DeSocio Mr. DeSocio Mr. DeSocio
Additional 402(v) Disclosure [Text Block]

 

(2) The dollar amounts reported in this column represent the amount of CAP to Mr. DeSocio, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. DeSocio during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. DeSocio’s total compensation for each year to determine the CAP:
   
PEO [Member] | Reported Value Of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount [7] $ 264,900 $ 0 $ 406,753
PEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount [8] 680,020 20,467 209,521
PEO [Member] | Year-end fair value of equity awards granted and unvested in the year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 275,000 0 265,538
PEO [Member] | Year over year change in fair value of outstanding and unvested equity awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 180,094 13,259 (37,344)
PEO [Member] | Year over year change in fair value of equity awards granted in prior years that vested in the year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 224,927 7,208 (18,672)
PEO [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 680,020 20,467 209,521
Non-PEO NEO [Member] | Reported Value Of Equity Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount [9] 220,750 0 152,534
Non-PEO NEO [Member] | Equity Award Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount [10] 400,109 8,520 53,814
Non-PEO NEO [Member] | Total Equity Awards Adjustments [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 400,109 8,520 53,814
Non-PEO NEO [Member] | Average year end fair value of equity awards granted and unvested in the year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 229,171 0 99,577
Non-PEO NEO [Member] | Average year over year change in fair value of outstanding and unvested equity awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 67,536 5,464 (30,351)
Non-PEO NEO [Member] | Average year over year change in fair value of equity awards granted in prior years that vested in the year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 103,402 $ 3,056 $ (15,413)
[1] The dollar amounts shown in this column are the amounts of total compensation reported for Mr. DeSocio (our PEO) for each corresponding year in the “Total” column of the Summary Compensation Table.
[2] The dollar amounts reported in this column represent the amount of CAP to Mr. DeSocio, as computed in accordance with Item 402(v) of Regulation
[3] The dollar amounts reported in this column represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (other than Mr. DeSocio) in the “Total” column of the Summary Compensation Table in each applicable year. The names of each of the NEOs (excluding
[4] The dollar amounts reported in this column represent the average amount of CAP to the NEOs as a group (identified in Footnote 3), as computed in accordance with Item 402(v) of Regulation
[5] Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
[6] While the Company uses numerous financial and non-financial performance measures for the purpose of evaluating performance for the Company’s compensation programs, the Company has determined that Adjusted EBITDA is the financial performance measure that, in the Company’s assessment, represents the most important performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link company performance to compensation actually paid to the company’s NEOs, for the most recently completed fiscal year. See Appendix B for a reconciliation of Net Income to Adjusted EBITDA for the years ended December 31, 2024 and 2023.
[7] The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
[8] The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; and (iii) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows:
[9] The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” column in the Summary Compensation Table for the applicable year.
[10] The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; and (iii) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value. The amounts deducted or added, as applicable, in calculating the equity award adjustments are as follows: