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EQUITY-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 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(369,312)9.24 
Forfeited(31,891)7.20 
Non-vested at June 30, 20241,008,648 $7.46 $6,042 
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 June 30, 20241,239,748 $9.52 $7,426 

(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
June 30,
Six Months Ended
June 30,
2024202320242023
Time-based restricted stock$618 $847 $1,488 $1,538 
Performance-based restricted stock1,250 976 2,228 1,753 
Director stock767 755 767 755 
$2,635 $2,578 $4,483 $4,046 
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 $12.3 million at June 30, 2024 and will be recorded as follows (in thousands):
 Total2024202520262027
Time-based restricted stock$5,664 $1,670 $2,428 $1,354 $212 
Performance-based restricted stock6,626 1,981 2,904 1,512 229 
 $12,290 $3,651 $5,332 $2,866 $441