STOCK-BASED COMPENSATION

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

6. STOCK-BASED COMPENSATION

The share-based compensation expense for the three months ended March 31, 2023 and 2022 was $2.6 million and $3.3 million, respectively, which is included as a component of salaries, benefits and payroll taxes in the accompanying condensed consolidated statements of operations.

The following is a summary of RSUs activity for the three months ended March 31, 2023:

RSUs Activity	Number of Awards			Weighted-Average Grant Date Fair Value
Non-vested share units as of December 31, 2022		1,284,570		$	9.28
Vested		(105,072	)		11.85
Non-vested share units as of March 31, 2023		1,179,498		$	9.05

The following is a summary of PSUs activity for the three months ended March 31, 2023:

PSUs activity	Number of Performance -Based Awards			Weighted-Average Grant Date Fair Value
Non-vested share units as of December 31, 2022		792,108		$	10.48
Granted		75,715			10.17
Vested		(174,553	)		11.36
Non-vested share units as of March 31, 2023		693,270		$	10.22