SHARE-BASED COMPENSATION AND EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Performance-based Non-qualified Stock Options Activity

The table below summarizes the PBNQSO activity:

	Number of Options	Weighted-Average Exercise/Conversion Price		Weighted-Average Remaining Contractual Life (years)	Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2023	11,244,171	$	9.30
Granted	4,655,000	$	6.43
Exercised	—	$	—
Forfeited	(525,000)	$	7.40
Cancelled	(240,000)	$	8.63
Outstanding at December 31, 2024	15,134,171	$	8.49	7.85	$	66,389
Options vested and exercisable	5,884,504	$	9.28	7.30	$	20,662

Schedule of Stock Option Valuation Assumptions

The assumptions used to fair value the PBNQSO granted during the year ended December 31, 2024 using the Hull-White model were as follows:

	Year Ended December 31, 2024
Dividend yield	—		%
Risk-free interest rate	3.72% to 4.42%
Expected volatility	39.00% to 44.00%
Expected life (years)	10.00
Suboptimal exercise multiple	2.5
Drift rate	3.72% to 4.42%
Weighted average exercise price of options granted	$	6.43
Weighted average fair value of options granted	$	3.45

Schedule of Award Valuation Assumptions

The key inputs into the Monte Carlo simulation model for the Variable Annual Advisory Amounts were as follows at December 31, 2024, 2023 and 2022:

	December 31, 2024			December 31, 2023			December 31, 2022
Dividend yield	—		%	—		%	—		%
Risk-free interest rate	4.43		%	3.84		%	3.87		%
Expected volatility	49.50		%	48.10		%	43.10		%
Expected life (years)	7.00			8.00			9.00
10-day volume weighted average share price	$	12.85		$	4.51		$	8.86