EQUITY-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Option Activity

A summary of stock option activity during the year ended December 31, 2021 is presented below:

						Weighted
						Average
				Weighted		Remaining		Aggregate
	Outstanding			Average		Contractual		Intrinsic Value
	Stock Options			Exercise Price		Term		(in millions)
December 31, 2020		—		$	—
Granted		1,394,008			10.50
Forfeited		(7,034	)		10.50
December 31, 2021		1,386,974		$	10.50		2.54	$	3.5

Schedule of Share-Based Payment Award Stock Options Valuation using Black-Scholes Option Pricing Model

The fair value of each stock option granted on July 16, 2021 was estimated on the grant date using the Black-Scholes option pricing model with the following assumptions:

Weighted-average expected term		6.0
Expected volatility		40.3	%
Expected dividend	$	—
Risk-free interest rate		0.94	%

Schedule of RSU Activity

A summary of RSU activity during the year ended December 31, 2021 is presented below:

	Unvested Restricted Stock Units
				Weighted
	Number of			Average Grant
	Shares			Date Fair Value
December 31, 2020		—		$	-
Granted		658,891			12.06
Forfeited		(2,406	)		12.06
December 31, 2021		656,485		$	12.06

Schedule of Equity-Based Compensation Expense

Equity-based compensation expense included the following components:

	For the years ended
	December 31, 2021		December 31, 2020		December 31, 2019
Stock options	$	824	$	—	$	—
Restricted stock units		1,070		—		—
Profit interest units		3,069		487		437

PIU [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Option Activity

The table below summarizes the PIU activity for the years ended December 31, 2021, 2020 and 2019:

	Profit Interest Units
				Weighted
	Outstanding			Average Grant
	Units			Date Fair Value
December 31, 2018		27,925		$	0.27
Granted		3,906			0.25
December 31, 2019		31,831			0.27
Granted		5,932			0.28
Forfeited		(2,193	)		0.27
December 31, 2020		35,570			0.27
Granted		8,445			1.31
Forfeited		(2,921	)		0.30
December 31, 2021		41,094		$	0.50

Schedule of Share-Based Payment Award Stock Options Valuation using Black-Scholes Option Pricing Model

The fair value of PIUs is estimated on the grant date with the following assumptions:

	For the years ended
	December 31, 2021			December 31, 2020			December 31, 2019
Weighted-average expected term		2.0			3.4			4.1
Expected volatility		55.0	%		72.5	%		72.5	%
Expected dividend	$	—		$	—		$	—
Risk-free interest rate		0.3	%		0.3	%		1.5	%