STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

Tabular disclosure of stock option grants under the Plan

The following table summarizes stock option grants:

Grantee Type	# of Options Granted		Issued and Outstanding		Vesting Period	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value (Per Option)
Director Group		150,000		50,000	5 years	$	9.98	$	4.36
Employee Group		4,682,630		1,563,662	3-5 years	$	6.53	$	4.41
Total				1,613,662

Schedule of summary of option activity under the Plan and changes during the period

A summary of option activity as of December 31, 2023, and the changes during the year ended December 31, 2023 are as follows:

	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Terms (Years)		Aggregate Intrinsic Value (in millions)
Outstanding as of January 1, 2023		1,864,822		$	6.71		5.8	$	3.2
Granted		—			—
Exercised		(103,000	)		1.41
Forfeited or expired		(148,160	)		11.21
Outstanding as of December 31, 2023		1,613,662		$	6.63		4.8	$	4.4
Exercisable as of December 31, 2023		1,611,662		$	6.64		4.8	$	4.4
Vested and expected to vest as of December 31, 2023		1,613,662		$	6.63		4.8	$	4.4

The summary of the status of non vested shares during the period

The summary of the status of nonvested shares as of December 31, 2023, and the changes during the year ended December 31, 2023 are as follows:

	Shares			Weighted Average Grant Date Fair Value (Per Unit)Price
Non-vested at January 1, 2023		296,052		$	4.46
Granted		—			—
Vested		(292,552	)		4.48
Forfeited or expired		(1,500	)		4.14
Non-vested at December 31, 2023		2,000		$	1.28

Summary of restricted stock unit grants under the Plan

The following table summarizes restricted stock unit grants under the Plan:

Grantee Type	# of RSUs Granted		Issued and Outstanding		Vesting Period	Weighted Average Grant Date Fair Value (Per Unit)
Director Group		970,867		135,324	1 year	$	5.69
Employee Group		3,319,793		806,586	1 year -3 years	$	5.58
Total				941,910

Summary of restricted stock awards activity under the Plan

A summary of restricted stock unit awards activity under the Plan as of December 31, 2023, and the changes during the year ended December 31, 2023 are as follows:

	Units			Weighted Average Grant Date Fair Value (Per Unit)
Non-vested as of January 1, 2023		1,097,586		$	7.89
Granted		544,942			4.86
Vested		(606,317	)		8.83
Forfeited		(94,301	)		7.89
Non-vested as of December 31, 2023		941,910		$	5.59

The total fair value of RSUs granted during the years ended December 31, 2023, 2022, and 2021 was $2.6 million, $5.6 million, and $4.6 million, respectively. The total fair value of RSUs vested during the years ended December 31, 2023, 2022, and 2021 was $3.7 million, $1.8 million, and $3.8 million, respectively.

Summary of performance stock unit grants under the Plan

A summary of equity-classified performance stock unit awards activity for as of December 31, 2023, and the changes during the year ended December 31, 2023 are as follows:

	Units			Weighted Average Grant Date Fair Value (Per Unit)
Non-vested equity-classified as of January 1, 2023		1,075,487		$	7.11
Granted		382,440			5.10
Reclassified from liability to equity		475,000			5.16
Vested		(1,493,700	)		6.53
Forfeited		(19,286	)		5.99
Non-vested equity-classified as of December 31, 2023		419,941		$	5.18