Summary of changes in Shareholders' Equity |
The changes in shareholders’ equity for the three and nine months ended September 30, 2024 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Additional | | | | | | | | | | Accumulated Other | | Total | | | Common Stock | | Paid- In | | Treasury Stock | | Accumulated | | Comprehensive | | Shareholders’ | | | Shares | | Amount | | Capital | | Shares | | Amount | | Deficit | | Income (Loss) | | Equity | Balance, December 31, 2023 | | 38,192,441 | | $ | 38 | | $ | 565,949 | | (6,323,892) | | $ | (137,381) | | $ | (233,189) | | $ | 14 | | $ | 195,431 | Exercise of common stock options | | 200,200 | | | — | | | 4,205 | | — | | | — | | | — | | | — | | | 4,205 | Issuance for employee stock purchase plan | | 18,538 | | | — | | | 356 | | — | | | — | | | — | | | — | | | 356 | Vesting of RSUs and PSUs | | 1,000,357 | | | 1 | | | — | | — | | | — | | | — | | | — | | | 1 | Shares withheld for employee taxes upon vesting of RSUs and PSUs | | (381,897) | | | — | | | (12,874) | | — | | | — | | | — | | | — | | | (12,874) | Stock-based compensation | | — | | | — | | | 7,475 | | — | | | — | | | — | | | — | | | 7,475 | Other comprehensive loss, net of tax | | — | | | — | | | — | | — | | | — | | | — | | | (138) | | | (138) | Net income | | — | | | — | | | — | | — | | | — | | | 27,713 | | | — | | | 27,713 | Balance, March 31, 2024 | | 39,029,639 | | $ | 39 | | $ | 565,111 | | (6,323,892) | | $ | (137,381) | | $ | (205,476) | | $ | (124) | | $ | 222,169 | Exercise of common stock options | | 282,248 | | | 1 | | | 5,727 | | — | | | — | | | — | | | — | | | 5,728 | Vesting of RSUs and PSUs | | 392,140 | | | 1 | | | — | | — | | | — | | | — | | | — | | | 1 | Shares withheld for employee taxes upon vesting of RSUs and PSUs | | (171,669) | | | (1) | | | (5,874) | | — | | | — | | | — | | | — | | | (5,875) | Share repurchases from ASR agreement | | — | | | — | | | (7,000) | | (888,889) | | | (28,000) | | | — | | | — | | | (35,000) | Stock-based compensation | | — | | | — | | | 10,012 | | — | | | — | | | — | | | — | | | 10,012 | Other comprehensive loss, net of tax | | — | | | — | | | — | | — | | | — | | | — | | | (58) | | | (58) | Net income | | — | | | — | | | — | | — | | | — | | | 19,606 | | | — | | | 19,606 | Balance, June 30, 2024 | | 39,532,358 | | $ | 40 | | $ | 567,976 | | (7,212,781) | | $ | (165,381) | | $ | (185,870) | | $ | (182) | | $ | 216,583 | Exercise of common stock options | | 9,079 | | | — | | | 140 | | — | | | — | | | — | | | — | | | 140 | Issuance for employee stock purchase plan | | 17,126 | | | — | | | 471 | | — | | | — | | | — | | | — | | | 471 | Vesting of RSUs and PSUs | | 61,930 | | | — | | | — | | — | | | — | | | — | | | — | | | — | Shares withheld for employee taxes upon vesting of RSUs and PSUs | | (4,037) | | | — | | | (142) | | — | | | — | | | — | | | — | | | (142) | Share repurchases from Accelerated Share Repurchase ("ASR") agreement | | — | | | — | | | 7,000 | | (173,659) | | | (7,000) | | | — | | | — | | | — | Stock-based compensation | | — | | | — | | | 7,317 | | — | | | — | | | — | | | — | | | 7,317 | Other comprehensive income, net of tax | | — | | | — | | | — | | — | | | — | | | — | | | 575 | | | 575 | Net income | | — | | | — | | | — | | — | | | — | | | 9,335 | | | — | | | 9,335 | Balance, September 30, 2024 | | 39,616,456 | | $ | 40 | | $ | 582,762 | | (7,386,440) | | $ | (172,381) | | $ | (176,535) | | $ | 393 | | $ | 234,279 |
The changes in shareholders’ equity for the three and nine months ended September 30, 2023 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Additional | | | | | | | | | | Accumulated Other | | Total | | | Common Stock | | Paid- In | | Treasury Stock | | Accumulated | | Comprehensive | | Shareholders’ | | | Shares | | | Amount | | Capital | | Shares | | | Amount | | Deficit | | Income (Loss) | | Equity | Balance, December 31, 2022 | | 37,084,759 | | $ | 37 | | $ | 538,073 | | (3,235,823) | | $ | (61,924) | | $ | (281,344) | | $ | — | | $ | 194,842 | Exercise of common stock options | | 234,132 | | | — | | | 3,848 | | — | | | — | | | — | | | — | | | 3,848 | Issuance for employee stock purchase plan | | 11,329 | | | — | | | 169 | | — | | | — | | | — | | | — | | | 169 | Vesting of RSUs and PSUs | | 775,904 | | | 1 | | | — | | — | | | — | | | — | | | — | | | 1 | Shares withheld for employee taxes upon vesting of RSUs and PSUs | | (289,281) | | | — | | | (7,736) | | — | | | — | | | — | | | — | | | (7,736) | Stock-based compensation | | — | | | — | | | 6,035 | | — | | | — | | | — | | | — | | | 6,035 | Net loss | | — | | | — | | | — | | — | | | — | | | (17,426) | | | — | | | (17,426) | Balance, March 31, 2023 | | 37,816,843 | | $ | 38 | | $ | 540,389 | | (3,235,823) | | $ | (61,924) | | $ | (298,770) | | $ | — | | $ | 179,733 | Exercise of common stock options | | 72,405 | | | — | | | 1,251 | | — | | | — | | | — | | | — | | | 1,251 | Vesting of RSUs and PSUs | | 73,805 | | | — | | | — | | — | | | — | | | — | | | — | | | — | Shares withheld for employee taxes upon vesting of RSUs and PSUs | | (9,655) | | | — | | | (220) | | — | | | — | | | — | | | — | | | (220) | Stock-based compensation | | — | | | — | | | 7,072 | | — | | | — | | | — | | | — | | | 7,072 | Other comprehensive loss, net of tax | | — | | | — | | | — | | — | | | — | | | — | | | (38) | | | (38) | Net income | | — | | | — | | | — | | — | | | — | | | 13,007 | | | — | | | 13,007 | Balance, June 30, 2023 | | 37,953,398 | | $ | 38 | | $ | 548,492 | | (3,235,823) | | $ | (61,924) | | $ | (285,763) | | $ | (38) | | $ | 200,805 | Exercise of common stock options | | 21,185 | | | — | | | 302 | | — | | | — | | | — | | | — | | | 302 | Issuance for employee stock purchase plan | | 15,176 | | | — | | | 291 | | — | | | — | | | — | | | — | | | 291 | Vesting of RSUs and PSUs | | 18,207 | | | — | | | — | | — | | | — | | | — | | | — | | | — | Shares withheld for employee taxes upon vesting of RSUs and PSUs | | (7,359) | | | — | | | (172) | | — | | | — | | | — | | | — | | | (172) | Share repurchases from Accelerated Share Repurchase ("ASR") agreement | | — | | | — | | | — | | (1,702,852) | | | (40,000) | | | — | | | — | | | (40,000) | Forward contract on ASR agreement | | — | | | — | | | (10,000) | | — | | | — | | | — | | | — | | | (10,000) | Stock-based compensation | | — | | | — | | | 7,027 | | — | | | — | | | — | | | — | | | 7,027 | Other comprehensive loss, net of tax | | — | | | — | | | — | | — | | | — | | | — | | | (14) | | | (14) | Net income | | — | | | — | | | — | | — | | | — | | | 20,634 | | | — | | | 20,634 | Balance, September 30, 2023 | | 38,000,607 | | $ | 38 | | $ | 545,940 | | (4,938,675) | | $ | (101,924) | | $ | (265,129) | | $ | (52) | | $ | 178,873 |
|