v3.26.3
EQUITY-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 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 SharesWeighted-Average Grant Date 
Fair Value		Aggregate Current Value
(per share)(in thousands)
Non-vested at December 31, 20251,386,182 $6.73 $6,751 
Granted881,439 4.16 
Vested(514,532)7.00 
Forfeited(251,013)5.23 
Non-vested at September 30, 20261,502,076 $5.38 $8,967 
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 September 30, 20261,481,730 $6.19 $8,846 
(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 September 30,Nine Months Ended September 30,
2026202520262025
Time-based restricted stock$890 $1,004 $2,612 $2,913 
Performance-based restricted stock770 1,045 1,610 3,065 
Director stock (1)
— — 865 776 
$1,660 $2,049 $5,087 $6,754 
(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 $9.4 million at September 30, 2026 and will be recorded as follows (in thousands):
Total2026202720282029
Time-based restricted stock$5,036 $911 $2,666 $1,252 $207 
Performance-based restricted stock4,345 770 2,255 1,147 173 
$9,381 $1,681 $4,921 $2,399 $380