v3.25.2
Long-Term Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2025
Equity-based Awards  
Summary of amount of recognized compensation expense

The following table summarizes the amount of recognized compensation expense associated with the EIP Plans, which are reflected in the accompanying Unaudited Condensed Consolidated Statements of Operations for the periods presented (in thousands):

    

For the Three Months Ended

    

For the Six Months Ended

June 30, 

June 30, 

2025

2024

2025

2024

Share-based compensation costs

  

  

  

  

TSUs

$

1,335

$

1,272

$

2,623

$

2,363

PRSUs

 

656

 

495

 

1,257

 

935

$

1,991

$

1,767

$

3,880

$

3,298

TSUs  
Equity-based Awards  
Summary of information regarding restricted stock unit awards

    

    

Weighted-

Average Grant-

Number of

Date Fair Value

Units

per Unit (1)

TSUs outstanding at December 31, 2024

 

1,379,356

$

6.43

Granted (2)

 

817,666

$

5.34

Forfeited

 

(2,533)

$

5.34

Vested

 

(669,581)

$

5.99

TSUs outstanding at June 30, 2025

 

1,524,908

$

6.04

(1)Determined by dividing the aggregate grant-date fair value of awards by the number of awards issued.
(2)The aggregate grant-date fair value of TSUs issued for the six months ended June 30, 2025 was $4.4 million based on a grant-date market price of $5.34 per share.
PSUs  
Equity-based Awards  
Summary of information regarding restricted stock unit awards

    

    

Weighted-

Average Grant-

Number of

Date Fair Value

Units

per Unit (1)

PRSUs outstanding at December 31, 2024

 

608,500

$

9.58

Granted (2)

 

495,783

$

6.84

Forfeited

 

$

Vested

 

(247,940)

$

6.20

PRSUs outstanding at June 30, 2025

 

856,343

$

8.97

(1)Determined by dividing the aggregate grant-date fair value of awards by the number of awards issued.
(2)The aggregate grant-date fair value of PSUs issued for the six months ended June 30, 2025 was $3.4 million based on a calculated fair value price ranging from $6.20 to $7.05 per share.
2025 PSU Awards  
Equity-based Awards  
Schedule of ranges for the assumptions used in the Monte Carlo model

February 2025

Expected volatility

58.6

%

Dividend yield

0.00

%

Risk-free interest rate

4.22

%