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EQUITY-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 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 
Granted727,692 6.49 
Vested(369,312)9.24 
Forfeited(39,422)7.06 
Non-vested at September 30, 20241,180,671 $7.29 $8,099 
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 September 30, 20241,239,748 $9.52 $8,505 

(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
September 30,
Nine Months Ended
September 30,
2024202320242023
Time-based restricted stock$863 $880 $2,622 $2,418 
Performance-based restricted stock991 987 2,948 2,740 
Director stock— — 767 755 
$1,854 $1,867 $6,337 $5,913 
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 $11.5 million at September 30, 2024 and will be recorded as follows (in thousands):
 Total2024202520262027
Time-based restricted stock$5,878 $928 $2,797 $1,730 $423 
Performance-based restricted stock5,636 991 2,904 1,512 229 
 $11,514 $1,919 $5,701 $3,242 $652