v3.26.1
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Nonvested Share Activity
A summary of the status of restricted stock awards as of March 31, 2026 and 2025 and the changes during the periods then ended is presented below:
Three Months Ended March 31, 2026Three Months Ended March 31, 2025
SharesWeighted- Average Fair Value at Grant DateSharesWeighted- Average Fair Value at Grant Date
Non-vested at beginning of the period2,519,669 $2.47 2,672,564 $3.39 
Granted811,000 $1.86 844,000 $2.69 
Forfeited(57,503)$2.62 (393,429)$3.23 
Vested(717,843)$3.39 (793,840)$4.11 
Non-vested at end of period2,555,323 $2.02 2,329,295 $2.92 
Expected to vest 2,555,323 $2.02 2,329,295 $2.92 
A summary of the status of PSUs as of March 31, 2026 and 2025 and the changes during the periods then ended is presented below:

Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Shares(1)
Weighted- Average Fair Value at
Grant Date
Shares(2)
Weighted- Average Fair Value at
Grant Date
Non-vested at beginning of the period979,751 $2.91 1,420,665 $3.55 
Granted549,000 $1.79 623,000 $2.69 
Forfeited(130,035)$2.63 (443,300)$2.85 
Vested(404,274)$3.29 (549,056)$4.37 
Non-vested at end of period994,442 $2.18 1,051,309 $2.90 
Expected to vest994,442 $2.18 1,051,309 $2.90 

(1) PSUs forfeited during the first quarter of 2026 includes 121,034 PSUs forfeited related to the bookings achievement for the performance period ended December 31, 2025.
(2) PSUs forfeited during the first quarter of 2025 includes 152,284 PSUs forfeited related to the bookings achievement for the performance period ended December 31, 2024.
Weighted Average Remaining Contractual Life
Employee Stock Purchase Plan—On March 11, 2020 the Company's Board of Directors adopted an Employee Stock Purchase Plan ("ESPP"). The ESPP was approved by the Company's stockholders on April 21, 2020. The ESPP provides eligible employees the opportunity to purchase shares of the Company's common stock through payroll deductions during six-month offering periods. The purchase price per share of common stock is 85% of the lower of the closing stock price on the first or last trading day of each offering period. The offering periods are January 1 to June 30 and July 1 to December 31. The maximum number of shares of common stock available for purchase under the ESPP is 500,000, subject to adjustment as provided under the ESPP. Individual employee purchases are limited to $25,000 per calendar year, based on the fair market value of the shares on the purchase date. As of March 31, 2026, 64,138 shares were eligible for purchase under the ESPP. No shares were issued during the three months ended March 31, 2026 and 2025.