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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Restricted stock unit, vesting information A summary of the quantity and vesting conditions for stock-based units granted to the Companys employees for the three months ended March 31, 2025 was as follows:
Vesting conditionsNumber of Restricted Stock Units Granted
Performance and service conditions - Type 1 (1) (2)
11,296 
Performance and service conditions - Type 2 (1) (2)
35,392 
Total shares of stock award granted46,688 

(1)The performance conditions with respect to restricted stock units may be satisfied as follows: 
(a)For grants to Corporate office employees subject to 2024 performance conditions, 100% of the restricted stock units may be earned on the basis of performance as measured by a “group adjusted EBITDA”.

(2)To the extent restricted stock units are earned, such restricted stock units will vest on the basis of service as follows:
(a)33% and 66.6% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the first anniversary of the grant date;
(b)33% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the second anniversary of the grant date; and
(c)34% and 16.7% for Type 1 and Type 2, respectively, of the restricted stock units will vest on the third anniversary of the grant date; provided that, in each case, the employee remains employed by the Company from the grant date through the applicable service vesting date.
Schedule of stock-based compensation expense
For the three months ended March 31, 2025 and 2024, the Company’s stock-based compensation expense related to restricted stock units and restricted shares of common stock were as follows:
Three Months Ended March 31,
20252024
Restricted stock units $386 $378 
Total$386 $378 
Changes in restricted stock units and shares Changes in the Company’s restricted stock units for the three months ended March 31, 2025 and 2024 were as follows:
Three Months Ended March 31, 2025
Performance-basedTime-based/Director Total
Number of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair Value
Unvested restricted stock units at January 1, 2025
55,591 $17.58 128,474 $14.96 184,065 $15.75 
Granted46,688 $13.28 3,836 $10.30 50,524 $13.05 
Vested(3,373)$30.00 (4,249)$10.71 (7,622)$19.24 
Forfeited(47,647)$14.51 (340)$38.77 (47,987)$14.69 
Unvested restricted stock units at March 31, 2025
51,259 $15.70 127,721 $14.90 178,980 $15.13 
 (a)    The number of shares earned above target are based on the performance target established by the Compensation Committee at the initial grant date.

Three Months Ended March 31, 2024
Performance-basedTime-based/Director Total
Number of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair ValueNumber of Shares of Restricted Stock UnitsWeighted Average Grant-Date Fair Value
Unvested restricted stock units at January 1, 2024
95,264 $23.49 80,422 $16.50 175,686 $20.29 
Granted43,147 $14.37 3,483 $16.54 46,630 $14.53 
Vested(43,781)$17.21 (6,993)$15.55 (50,774)$16.98 
Forfeited(28,841)$22.27 — $— (28,841)$22.27 
Unvested restricted stock units at March 31, 2024
65,789 $22.23 76,912 $16.59 142,701 $19.19