SHARE-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Activity for Unvested Restricted Share Awards and Employee Restricted Stock Units

The following table summarizes the activity for unvested outstanding restricted share awards (“RSs”) during the nine months ended September 30, 2024 and 2023:

	Performance Restricted Shares			Service Restricted Shares
	Number of non-vested restricted  shares	Weighted  average grant date fair value		Number of non-vested restricted  shares	Weighted  average grant date fair value
Balance at December 31, 2022	794,362	$	7.62	832,896	$	7.76
Granted	357,766	9.85		242,957	10.22
Vested	—	—		(364,006)	6.96
Forfeited	(109,105)	9.37		(55,967)	8.43
Balance at September 30, 2023	1,043,023	$	8.20	655,880	$	9.05
Balance at December 31, 2023	1,042,688	$	9.94	419,604	$	9.18
Granted	—	—		58,751	12.51
Vested	—	—		(282,916)	9.35
Forfeited	(89,945)	10.84		—	—
Balance at September 30, 2024	952,743	$	9.86	195,439	$	9.93

The following table summarizes the activity for unvested outstanding restricted stock units (“RSUs”) during the nine months ended September 30, 2024 and 2023:

	Performance RSUs			Service RSUs
	Number of non-vested RSUs	Weighted  average grant date fair value		Number of non-vested RSUs	Weighted  average grant date fair value
Balance at December 31, 2022	105,008	$	6.82	172,952	$	7.58
Granted	71,121	9.85		42,811	9.85
Vested	—	—		(77,695)	6.74
Forfeited	—	—		(1,788)	7.82
Balance at September 30, 2023	176,129	$	8.04	136,280	$	8.76
Balance at December 31, 2023	154,445	$	8.03	110,425	$	8.78
Granted	258,148	11.85		124,425	11.85
Vested	—	—		(74,357)	8.84
Forfeited	(6,229)	9.15		(5,806)	10.67
Balance at September 30, 2024	406,364	$	10.44	154,687	$	11.15

Schedule of Valuation Assumptions

The following inputs were used in this pricing model:

Expected volatility	36.4		%
Expected term (in years)	5
Expected dividend yield	—		%
Risk-free interest rate	3.9		%
Stock price at grant date	$	11.20