STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of equity incentive program

A summary of our equity incentive program as of June 30, 2024 is as follows (in thousands):

Common stock shares available for grant	3,541
RSUs outstanding	1,130
RSAs outstanding	86
PSUs outstanding	400

Summary of restricted stock units activities

The following summarizes RSU activities for the six months ended June 30, 2024:

	Number of Restricted Stock Units (in thousands)			Weighted Average Grant Date Fair Value Per Share	Weighted Average Remaining Recognition Period (Years)		Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2023	1,128		$	6.57	1.05	$	7,964
Granted	274			6.85
Released	(272	)		6.14
Forfeited	—			—
Outstanding at June 30, 2024	1,130		$	6.52	0.95	$	10,635

Summary of restricted stock awards activities

The following summarizes RSA activities for the six months ended June 30, 2024:

	Number of Restricted Stock Awards (in thousands)			Weighted Average Grant Date Fair Value Per Share	Weighted Average Remaining Recognition Period (Years)
Outstanding at December 31, 2023	75		$	8.31	0.24
Granted	86			7.25
Released	(75	)		8.31
Forfeited	—			—
Outstanding at June 30, 2024	86		$	7.25	—

Share-based Payment Arrangement, Outstanding Award, Activity, Excluding Option

The following summarizes PSU activities for the six months ended June 30, 2024:

	Number of Market Condition-Based Performance Stock Units (in thousands)		Weighted Average Grant Date Fair Value Per Share	Weighted Average Remaining Recognition Period (Years)
Outstanding at December 31, 2023	400	$	3.63	0.00
Granted	—		—
Released	—		—
Forfeited	—		—
Outstanding at June 30, 2024	400	$	3.63	0.38

Summary of stock-based compensation expenses

		Three Months Ended June 30,				Six Months Ended June 30,
		2024		2023		2024			2023
Stock options	$	—	$	16	$	(2	)	$	(40	)
RSUs, RSAs and PSUs		1,192		744		2,270			1,747
Total	$	1,192	$	760	$	2,268		$	1,707

Barnes & Noble Education, Inc.

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of stock-based compensation equity awards

Barnes & Noble Education grants options, restricted stock awards and restricted stock units under the Barnes and Noble Education Equity Incentive Plan. On June 10, 2024, as part of the business combination, we assumed the following equity awards:

	Shares Assumed
Stock options	25,191
Restricted stock award	4,853
Restricted stock unit	1,518
Total equity awards assumed	31,562