STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

9 Months Ended

Sep. 30, 2023

Employee Stock Option [Member]

Stock Awards

Schedule of stock option activity

		Weighted		Weighted
	Number	Average		Average
	of	Exercise		Fair
	Options	Price		Value
Outstanding as of January 1, 2023	415,227	$	7.91	$	2.78
Granted	—		—		—
Exercised	(47,037)		7.70		2.53
Forfeited	—		—		—
Outstanding as of September 30, 2023	368,190	$	7.93	$	2.82
Exercisable as of September 30, 2023	335,729	$	7.74	$	2.67

The following table summarizes certain information about the options outstanding as of September 30, 2023:

		Options Outstanding and Unvested,				Options Outstanding and Exercisable,
		September 30, 2023				September 30, 2023
Weighted					Weighted				Weighted
Average			Weighted		Average		Weighted		Average
Exercise Price of			Average		Remaining		Average		Remaining
Outstanding		Number of	Exercise		Contractual	Number of	Exercise		Contractual
Options		Options	Price		Life	Options	Price		Life
$	7.93	32,461	$	9.91	3.40	335,729	$	7.74	2.50

Schedule of nonvested stock amortization expense

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
General and administrative expenses	$	13	$	55	$	71	$	223

Restricted Stock Units

Stock Awards

Summary of nonvested restricted stock units

		Weighted
	Number of	Average Grant
	RSUs	Date Price
Outstanding as of January 1, 2023	641,972	$	15.74
Granted	211,441		16.27
Vested	(230,842)		14.35
Forfeited	(49,322)		16.42
Outstanding as of September 30, 2023	573,249	$	16.43

The total fair value of the RSUs that vested during the nine months ended September 30, 2023 and 2022 was $4,075 and $3,837, respectively. The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.

The following table summarizes certain information of the RSUs unvested and vested as of September 30, 2023:

Unvested RSUs				Vested RSUs
September 30, 2023				September 30, 2023
			Weighted
	Weighted		Average		Weighted
	Average		Remaining		Average
Number of	Grant Date		Contractual	Number of	Grant Date
RSUs	Price		Life	RSUs	Price
573,249	$	16.43	1.61	288,158	$	12.35

Schedule of nonvested stock amortization expense

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
General and administrative expenses	$	1,243	$	785	$	3,848	$	2,133

Performance based restricted stock units

Stock Awards

Schedule of significant inputs used in the estimation of the fair value of awards granted

Significant Input	September 30, 2023
Closing share price of our common stock	$14.36 to $16.30
Risk-free rate of return	3.81% to 4.38%
Expected volatility of our common stock	53.38% to 54.53%
Holding period discount	0%
Simulation term (in years)	2.54 to 2.72
Range of target	0% to 200%

Schedule of nonvested stock amortization expense

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2023		2022		2023		2022
General and administrative expenses	$	141	$	—	$	256	$	—