STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

6 Months Ended

Jun. 30, 2024

Employee Stock Option

STOCK-BASED COMPENSATION

Schedule of stock option activity

		Weighted		Weighted
	Number	Average		Average
	of	Exercise		Fair
	Options	Price		Value
Outstanding as of January 1, 2024	368,190	$	7.93	$	2.82
Granted	—		—		—
Exercised	(65,245)		8.03		3.09
Forfeited	—		—		—
Outstanding as of June 30, 2024	302,945	$	7.91	$	2.76
Exercisable as of June 30, 2024	302,945	$	7.91	$	2.76

The following table summarizes certain information about the options outstanding as of June 30, 2024:

		Options Outstanding and Unvested,				Options Outstanding and Exercisable,
		June 30, 2024				June 30, 2024
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
$	7.91	—	$	—	—	302,945	$	7.91	1.88

Schedule of nonvested stock amortization expense

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
General and administrative expenses	$	—	$	15	$	6	$	58

RSU

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
General and administrative expenses	$	1,125	$	1,089	$	2,279	$	2,605

Summary of nonvested restricted stock units

		Weighted
	Number of	Average Grant
	RSUs	Date Price
Outstanding as of January 1, 2024	563,705	$	16.47
Granted	218,947		18.97
Vested	(229,633)		16.00
Forfeited	—		—
Outstanding as of June 30, 2024	553,019	$	17.65

The following table summarizes certain information of the RSUs unvested and vested as of June 30, 2024:

Unvested RSUs				Vested RSUs
June 30, 2024				June 30, 2024
			Weighted
	Weighted		Average		Weighted
	Average		Remaining		Average
Number of	Grant Date		Contractual	Number of	Grant Date
RSUs	Price		Life	RSUs	Price
553,019	$	17.65	1.58	348,329	$	12.88

Performance based restricted stock units

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2024		2023		2024		2023
General and administrative expenses	$	326	$	115	$	548	$	115

Schedule of unvested PRSUs activity

	Number of
	PRSUs
Outstanding as of January 1, 2024	79,838
Granted	99,065
Vested	—
Forfeited	—
Outstanding as of June 30, 2024	178,903

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

Significant Input	June 30, 2024	December 31, 2023
Closing share price of our common stock	$14.36 to $18.17	$14.36 to $16.30
Risk-free rate of return	3.81% to 4.38%	3.81% to 4.38%
Expected volatility of our common stock	48.34% to 54.53%	53.38% to 54.53%
Holding period discount	0%	0%
Simulation term (in years)	2.54 to 2.86	2.54 to 2.72
Range of target	0% to 200%	0% to 200%