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EQUITY-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards
The following table summarizes time-based restricted stock award activity under our Equity Plan:

 
 Number
 of Shares
Weighted-Average
Grant Date 
Fair Value
Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 2023861,713 $8.79 $5,791 
Granted548,138 6.56 
Vested(297,460)9.13 
Non-vested at March 31, 20241,112,391 $7.60 $7,242 
The following table summarizes performance-based restricted stock activity under the Equity Plan: 
 Number 
of Shares
Weighted-Average
Grant Date 
Fair Value (1)
Aggregate
Current Value
  (per share)(in thousands)
Non-vested at December 31, 20231,056,272 $11.93 $7,098 
Granted507,406 7.40 
Forfeited(323,930)14.05 
Non-vested at March 31, 20241,239,748 $10.99 $8,071 

(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 is as follows (in thousands):
 
Three Months Ended
March 31,
20242023
Time-based restricted stock$870 $690 
Performance-based restricted stock978 778 
$1,848 $1,468 
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 $14.4 million at March 31, 2024 and will be recorded as follows (in thousands):
 Total2024202520262027
Time-based restricted stock$6,803 $2,647 $2,531 $1,405 $220 
Performance-based restricted stock7,606 2,961 2,904 1,512 229 
 $14,409 $5,608 $5,435 $2,917 $449