v3.26.1
EQUITY-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Awards
The following table summarizes time-based restricted stock award activity under our Equity Plan:

 
Number
 of Shares		Weighted-Average
Grant Date 
Fair Value		Aggregate
Current Value
(per share)(in thousands)
Non-vested at December 31, 20251,386,182 $6.73 $6,751 
Granted865,706 4.13 
Vested(493,127)7.02 
Forfeited(240,049)5.23 
Non-vested at June 30, 20261,518,712 $5.39 $10,646 
The following table summarizes performance-based restricted stock activity under the Equity Plan: 
Number 
of Shares
Weighted-Average
Grant Date 
Fair Value (1)
Aggregate
Current Value
(per share)(in thousands)
Non-vested at December 31, 20251,509,788 $8.26 $7,353 
Granted825,498 4.40 
Forfeited(853,556)8.11 
Non-vested at June 30, 20261,481,730 $6.19 $10,387 

(1)    Amounts represent the expected future value of the performance-based restricted stock awards calculated using the Monte Carlo simulation valuation model.
Schedule of Equity-based Compensation Expense
Equity-based compensation expense included in Corporate general and administrative expenses on the Condensed Consolidated Statements of Operations is as follows (in thousands): 
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Time-based restricted stock$730 $982 $1,722 $1,909 
Performance-based restricted stock(169)1,031 840 2,020 
Director stock (1)
865 776 865 776 
$1,426 $2,789 $3,427 $4,705 
(1) Represents annual stock awards to members of our Board of Directors that vest immediately upon grant.
Schedule of Unrecognized Equity-based Compensation Expense for all Non-vested Awards
Unrecognized equity-based compensation expense for all non-vested awards pursuant to our Equity Plan was $11.0 million at June 30, 2026 and will be recorded as follows (in thousands):
Total2026202720282029
Time-based restricted stock$5,893 $1,819 $2,655 $1,232 $187 
Performance-based restricted stock5,114 1,539 2,255 1,147 173 
$11,007 $3,358 $4,910 $2,379 $360