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EQUITY-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2025
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, 20241,152,823 $7.28 $7,897 
Granted693,020 6.63 
Vested(399,938)8.14 
Forfeited(30,673)6.67 
Non-vested at June 30, 20251,415,232 $6.73 $7,204 
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, 20241,239,748 $9.53 $8,492 
Granted576,475 7.66 
Vested(154,397)12.26 
Forfeited(152,038)12.26 
Non-vested at June 30, 20251,509,788 $8.26 $7,685 

(1)    Amounts 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 on the Condensed Consolidated Statements of Operations is as follows (in thousands): 
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Time-based restricted stock$982 $618 $1,909 $1,488 
Performance-based restricted stock1,031 1,250 2,020 2,228 
Director stock (1)
776 767 776 767 
$2,789 $2,635 $4,705 $4,483 

(1)    Represents annual stock awards to members of our Board of Directors that vest immediately upon grant.
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 June 30, 2025 and will be recorded as follows (in thousands):
 Total2025202620272028
Time-based restricted stock$7,341 $2,028 $3,166 $1,886 $261 
Performance-based restricted stock7,043 2,091 2,982 1,697 273 
 $14,384 $4,119 $6,148 $3,583 $534