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EQUITY-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table presents information related to the options granted related to the Company’s shares:
Year Ended December 31,
20242023
Number of options60,000248,947
Fair value ($ millions)$2.1$2.1
Ranges
Expected volatility
The expected share volatility is based on an assessment of the volatility of the Company’s publicly traded ordinary shares
43.00 %-43.00 %37.88 %-37.88 %
Risk free interest rateThe risk-free rate is determined using the implied yield currently available on U.S. government bonds with a term consistent with the expected term on the date of grant.4.52 %-4.52 %3.47 %-3.47 %
Expected dividend yieldThe expected dividend yield is based on management’s current expected dividend rate.1.50 %-1.50 %6.26 %-6.26 %
Expected termExpected term used represents the period of time the options granted are expected to be outstanding.6.8 years10.0 years
Schedule of Stock-based Compensation Arrangements
The Consolidated Statements of Operations includes the following expense related to the Company’s equity-based compensation arrangements which are recorded in Operating expenses:
December 31,Remaining Expense To Be Recognized, If All Vesting Conditions Are MetWeighted Average Remaining Contractual Term
(in years)
202520242023
Stock options$508 $296 $— $1,270 7.7 years
Restricted shares7,448 3,756 1,638 14,012 1.7 years
Performance shares13,777 1,954 — 36,752 2.8 years
Total$21,733 $6,006 $1,638 $52,034 
The tables below provide details on the Company’s stock options, performance shares, and restricted shares:
Stock OptionsPerformance SharesRestricted Shares
OptionsWeighted Average Exercise/Issuance PriceSharesWeighted Average Grant date fair valueSharesWeighted Average Issuance Price
Outstanding as of December 31, 2024
112,343 $52.70 1,000,000 $48.11 481,138 $41.90 
Granted— — 28,441 153.80 51,898 128.98 
Less: exercised / vested10,000 14.77 — — 23,712 88.54 
Less: forfeited and canceled— — — — — — 
Outstanding as of December 31, 2025
102,343 1,028,441 509,324 
                                                                
Stock OptionsPerformance SharesRestricted Shares
As of December 31, 2025:
Weighted average exercise / issuance price (per share)$56.37 $51.03 $48.60 
Aggregate intrinsic value (in thousands)14,377 N/A24,753 
Weighted average remaining contractual term (in years)7.72.81.7