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EQUITY-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
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, 20251,386,182 $6.73 $6,751 
Granted865,706 4.13 
Vested(493,127)7.02 
Forfeited(293)6.63 
Non-vested at March 31, 20261,758,468 $5.37 $7,772 
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, 20251,509,788 $8.26 $7,353 
Granted825,498 4.40 
Forfeited(425,907)10.08 
Non-vested at March 31, 20261,909,379 $6.18 $8,439 

(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 March 31,
20262025
Time-based restricted stock$992 $928 
Performance-based restricted stock1,009 988 
$2,001 $1,916 
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 $15.5 million at March 31, 2026 and will be recorded as follows (in thousands):
 Total2026202720282029
Time-based restricted stock$7,876 $3,133 $3,068 $1,453 $222 
Performance-based restricted stock7,576 2,960 2,906 1,485 225 
 $15,452 $6,093 $5,974 $2,938 $447