Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

v3.23.2
Equity-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Activity
The table below presents the activity of stock options under the Plan:
Shares Weighted-Average Grant Date Fair Value per Share Weighted-Average Exercise Price per Share Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2022
 2,153,591  $ 2.70  $ 7.22  8.6
Granted —  —  — 
Expired (13,001) 3.28  9.86 
Forfeited (37,999) 2.81  7.74 
Outstanding as of June 30, 2023
 2,102,591  $ 2.69  $ 7.20  8.1
Schedule of Nonvested Restricted Stock Units Activity
The table below presents the activity of restricted stock units under the Plan:
Restricted Shares Weighted-Average Grant Date Fair Value per Share Weighted-Average Remaining Contractual Term (in Years) Aggregate Intrinsic Value
Unvested as of December 31, 2022
 2,282,778  $ 6.30  1.3 $ 4,520 
Granted 205,765  2.43 
Vested (164,475) 4.02 
Forfeited (169,039) 7.06 
Unvested as of June 30, 2023
 2,155,029  $ 6.07  1.1 $ 5,491 
Schedule of Stock Compensation Expense
The table below presents the equity-based compensation expense recorded for the following periods:
Three Months Ended Six Months Ended
June 30, 2023 June 30, 2022 June 30, 2023 June 30, 2022
Cost of sales
Incentive Units $ —  $ —  $ —  $ 181 
Stock Options 46  13  92  25 
Restricted Stock Units 598  539  1,271  1,166 
Total cost of sales $ 644  $ 552  $ 1,363  $ 1,372 
Selling, general and administrative expenses
Incentive Units $ —  $ —  $ —  $ 2,171 
Stock Options 383  279  744  688 
Restricted Stock Units 881  912  1,759  1,923 
Total selling, general and administrative expenses $ 1,264  $ 1,191  $ 2,503  $ 4,782 
Total equity-based compensation expense $ 1,908  $ 1,743  $ 3,866  $ 6,154