EQUITY-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Restricted Stock Activity

A summary of restricted stock activity for the three months ended March 31, 2023 and 2022 is as follows (in thousands except per share data):

	Number of RSU's	Weighted average grant date fair value		Weighted average remaining recognition period
Non-vested at December 31, 2021	2,671	$	14.33	3.4
Granted	980	7.24
Vested	(438)	9.86
Forfeited	(22)	17.50
Non-vested at March 31, 2022	3,191	$	12.75	3.4

	Number of RSU's	Weighted average grant date fair value		Weighted average remaining recognition period
Non-vested at December 31, 2022	2,760	$	11.92	2.7
Granted	1,075	6.00
Vested	(193)	6.96
Forfeited	(34)	16.45
Non-vested at March 31, 2023	3,608	$	10.34	2.9

Schedule of Equity-based Compensation, Valuation Assumptions

The fair value of the stock is estimated on the date of grant using the Black-Scholes option-pricing model using the following assumptions:

	March 31, 2023		March 31, 2022
Expected annual dividend yield	—	%	—	%
Expected volatility	77.3	%	—	%
Risk-free rate of return	3.5	%	—	%
Expected option term (years)	6.5		0

Schedule of Stock Option Activity

A summary of stock option activity for the three months ended March 31, 2023 and 2022 is as follows (in thousands except per share data):

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
Balance, December 31, 2021	613	$	28.90	6.2
Granted	—	—		—
Exercised	—	—		—
Forfeited	—	—		—
Balance, March 31, 2022	613	$	28.90	4.8

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)
Balance, December 31, 2022	613	$	28.90	4.0
Granted	459	5.72		10.0
Exercised	—	—		—
Forfeited	—	—		—
Balance, March 31, 2023	1,072	$	18.98	6.4
Exercisable	613

Schedule of Performance-Based Restricted Stock Activity

A summary of the PSU activity for the three months ended March 31, 2023 and 2022 is as follows (in thousands except per share data):

	Number of PSUs	Weighted Average Exercise Price		Weighted average remaining recognition period
Balance, December 31, 2021	424	$	18.65	2.0
Granted	853	7.24
Vested	—	—
Forfeited	(14)	19.33
Balance, March 31, 2022	1,263	$	10.93	2.3

	Number of PSUs	Weighted Average Exercise Price		Weighted average remaining recognition period
Balance, December 31, 2022	1,060	$	10.87	1.7
Granted	357	6.00
Vested	—	—
Forfeited	(4)	7.24
Balance, March 31, 2023	1,413	$	9.64	1.9