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Equity Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested Stock Activity
Activity of the Company’s Restricted Stock and their equity based compensation expense are summarized in the following tables (amounts in thousands, except share and per share data):
Restricted Stock
Class A
Amount
Weighted Average
Grant Date Fair Value
Unvested at December 31, 2023500,304 $15.47 
Granted— — 
Forfeited(48,628)18.61 
Vested(227,224)$11.70 
Unvested at December 31, 2024224,452 $18.61 
Year Ended
December 31,
202420232022
Equity based compensation expense - Restricted Stock(1)
$2,354 $2,697 $2,756 
(1) Total unrecognized compensation cost to be recognized in future periods is $2.9 million at December 31, 2024, and will be recognized over a weighted average period of 1.4 years. Equity based compensation is recorded within selling, general and administrative expenses on our consolidated statements of comprehensive income.
Activity of the Company’s PSU and RSU awards and their equity based compensation expense are summarized in the following tables (amounts in thousands, except share and per share data):
PSU AwardsRSU Awards
AmountWeighted Average Grant Date Fair ValueAmountWeighted Average Grant Date Fair Value
Unvested at December 31, 2023700,229 $7.20 1,248,165 $7.79 
Granted254,923 15.83 356,405 15.75 
Forfeited(176,771)10.06 (110,074)11.13 
Vested(351,625)5.75 (533,948)7.55 
Unvested at December 31, 2024426,756 $12.37 960,548 $10.50 
Year Ended
December 31,
202420232022
Equity based compensation expense - PSUs(1)
$399 $2,274 $774 
Equity based compensation expense - RSUs(2)
$4,887 $2,938 $758 
(1) Total unrecognized equity based compensation for the PSUs to be recognized in future periods is $1.9 million at December 31, 2024, and will be recognized over a weighted average period of 1.5 years. Equity based compensation expense is recorded within selling, general and administrative expenses on our consolidated statements of comprehensive income.
(2) Total unrecognized equity based compensation for the RSUs to be recognized in future periods is $7.3 million at December 31, 2024, and will be recognized over a weighted average period of 1.8 years. Equity based compensation expense is recorded within selling, general and administrative expenses on our consolidated statements of comprehensive income.