v3.26.1
Stockholders' Deficit (Tables)
 6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award These options contain market conditions whereby the options will vest and become exercisable subject to the achievement of a specified volume weighted average trading price ("VWAP") over a specified period and continued employment through the performance period each as observed and summarized below, respectively:
VWAP over 20 consecutive trading days of the three-year performance period
VWAPNumber of Options that Vest
$7.8785,911
$9.1892,593
$10.50101,625
280,129
The stock units contain market conditions whereby the stock units will vest subject to the achievement of a specified VWAP, subject to continued employment or service through the end of the performance period as observed and summarized below:
VWAP over a period of 20 consecutive trading days of the three-year performance period
VWAPNumber of Shares that Vest
$6.49216,990
$7.57289,054
$8.66383,986
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions The below table summarizes the assumptions used to estimate the fair value of the equity options granted:
Monte Carlo ModelBlack-Scholes Model
Expected volatility
44.9%
48.1%
Expected term
4.0 years
6.01 years
Risk free interest rate
4.19%
4.01% - 4.26%
Expected dividend yield
12.20%
11.68% - 12.20%
The below table summarizes the assumptions used to estimate the fair value of the restricted stock units granted:
Monte Carlo Model
Expected volatility41.3%
Risk free interest rate3.59%
Expected dividend yield14.7%
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes all option activity for the six months ended June 30, 2026:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual Life (years)Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 20256,859,321 $7.21 5.56$11 
  Granted - service conditions333,340 6.63 
  Granted - market conditions280,129 6.56 
  Exercised(70,876)5.87 74 
  Forfeited and expired(346,691)7.82 
Outstanding at June 30, 20267,055,223 $7.14 5.42$1,917 
Exercisable at June 30, 20264,820,811 $7.02 4.61$1,562 
Schedule of Nonvested Restricted Stock Shares Activity
The following table summarizes restricted stock activity for the six months ended June 30, 2026:

Number of SharesWeighted Average Fair Value
Non-vested balance at January 1, 2026138,235$9.06 
  Shares granted140,911 5.52 
  Shares vested(89,179)8.73 
Non-vested balance at June 30, 2026189,967$6.60 
The following table summarizes restricted stock unit activity for the six months ended June 30, 2026:

Number of SharesWeighted Average Fair Value
Non-vested balance at January 1, 20261,120,393$7.29 
  Shares granted - service conditions582,482 5.42 
  Shares granted - market conditions890,030 5.41 
  Bonus shares granted871,452 5.57 
  Shares vested(1,359,780)5.81 
  Shares canceled - market conditions(218,543)4.21 
Non-vested balance at June 30, 20261,886,034$5.32