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EQUITY-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards
The following table summarizes time-based restricted stock award activity under our Equity Plan for the three months ended March 31, 2023:
 
 Number
 of Shares
Weighted-Average
Grant Date 
Fair Value
Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 2022654,804 $9.85 $5,909 
Granted447,656 7.66 
Vested(193,144)9.71 
Non-vested at March 31, 2023909,316 $8.83 $6,229 
The following table summarizes performance-based restricted stock activity under the Equity Plan for the three months ended March 31, 2023: 
 Number 
of Shares
Weighted-Average
Grant Date 
Fair Value (1)
Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 20221,006,974 $11.76 $7,270 
Granted425,907 10.08 
Vested(239,416)9.38 
Forfeited(137,193)9.38 
Non-vested at March 31, 20231,056,272 $11.93 $7,235 

(1)    The amounts included in this column represent the expected future value of the performance-based restricted stock awards calculated using the Monte Carlo simulation valuation model.
Schedule of Equity-based Compensation Expense
Equity-based compensation expense included in Corporate general and administrative expenses in the Condensed Consolidated Statements of Operations for the three months ended March 31, 2023 and 2022 was as follows (in thousands):
 
For the Three Months Ended
March 31,
20232022
Time-based restricted stock$690 $992 
Performance-based restricted stock778 2,674 
Director stock— 32 
$1,468 $3,698 
Schedule of Unrecognized Equity-based Compensation Expense for all Non-vested Awards
Unrecognized equity-based compensation expense for all non-vested awards pursuant to our Equity Plan was $14.5 million at March 31, 2023 and will be recorded as follows (in thousands):
 Total2023202420252026
Time-based restricted stock$6,721 $2,565 $2,586 $1,359 $211 
Performance-based restricted stock7,780 2,950 2,914 1,654 262 
 $14,501 $5,515 $5,500 $3,013 $473