SHAREHOLDERS' EQUITY AND SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of assumptions used to determine the fair value of options as of the grant date

The following assumptions were used to determine the fair values as of the grant date for the year ended December 31:

	2022
	Black-Scholes
Risk-free interest rate (%)	1.62 - 4.20
Expected stock price volatility (%)	67.75 - 67.99
Expected dividend yield	—
Expected option life (in years)	6
Fair value	$7.27 - $7.63

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 years ended December 31:

(in thousands, except per share data)	2023		2022
Weighted average grant date fair value of stock options granted per share	$	—	$	8.25
Intrinsic value of options exercised	—		—
Grant date fair value of stock options that vested	$	98	$	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 December 31, 2023	739,189	27.04		3.84	—
Exercisable as of December 31, 2023	544,951	25.24		3.26	—

Shares authorized under stock option plans, by exercise price range

The following table summarizes information about stock options outstanding and exercisable as of December 31, 2023:

	Options outstanding				Options exercisable
Exercise price range (1)	Number	Weighted average remaining contractual life (in years)	Weighted average exercise price		Number	Weighted average remaining contractual life (in years)	Weighted average exercise price
$10.01 — $20.00	245,100	4.70	$	15.40	129,187	1.73	$	18.35
$20.01 — $30.00	410,610	3.15	24.83		385,258	3.16	24.80
$30.01 — $40.00	28,479	2.65	33.21		16,756	2.65	33.61
$80.01 — $90.00	25,000	0.60	86.69		6,250	0.60	86.69
$90.01 — $100.00	30,000	0.75	96.87		7,500	0.75	96.87
	739,189				544,951
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(1) These options contain market-based and performance-based components as described above.

Shares authorized under stock option plans by vesting price range

The following table summarizes the market prices necessary in order for the market-based options to begin to vest:

	Market-based options
Vesting price	Ordinary performance		Extraordinary performance
$50.01 — $60.00	7,581		4,162
$60.01 — $70.00	7,815		6,250
$80.01 — $90.00	—		3,791
$90.01 — $100.00	—		3,908
$170.01 — $180.00	12,500		—
Over $190.00	15,000		13,750
Total	42,896		31,861
Weighted average share price	$	69.98	$	53.85

Restricted shares and restricted share 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	(227,182)
Forfeited / canceled	(155,892)
Outstanding as of December 31, 2023	1,262,742

Fair Value of Performance-based Awards

The following assumptions were used to determine the fair values for the awards that include both a performance condition and a market condition for the years ended December 31:

	2023	2022
Risk-free interest rate (%)	4.18	1.04
Expected stock price volatility (%)	62.13	59.90
Expected dividend yield	—	—
Expected life (in years)	3	3
Fair value	$9.63	$—