Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Summary of Stock-Based Compensation Expense by Line Items in Condensed Consolidated Statements of Operations

A summary of stock-based compensation expense by line items in the condensed consolidated statements of operations is as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Cost of revenue	$	768	$	657	$	2,130	$	1,769
Research and development		1,874		2,388		8,195		7,301
Sales, general and administrative		8,781		10,478		28,357		34,179
Total stock-based compensation expense	$	11,423	$	13,523	$	38,682	$	43,249

Summary of Stock-Based Compensation Expense

A summary of pre-tax stock-based compensation expense by category was as follows (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Stock Options	$	-	$	-	$	-	$	539
Restricted stock units		10,348		10,776		33,580		34,423
Performance stock units		920		2,510		4,083		6,676
Employee stock purchase plan		155		237		1,019		1,611
Total stock-based compensation expense	$	11,423	$	13,523	$	38,682	$	43,249

Performance Stock Units [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of PSU Grant Activity

The PSU grant activity is as follows:

	Three Months Ended				Nine Months Ended
	September 30, 2024				September 30, 2024
	Shares		Weighted Average Fair Value		Shares		Weighted Average Fair Value
Total shareholder return		—	$	-		245,833	$	20.89
Revenue targets		—	$	-		245,844	$	15.23
Total PSUs granted		—	$	-		491,677	$	18.06

	Three Months Ended				Nine Months Ended
	September 30, 2023				September 30, 2023
	Shares		Weighted Average Fair Value		Shares		Weighted Average Fair Value
Total shareholder return		12,499	$	27.23		185,424	$	43.89
Revenue targets		12,500	$	20.11		185,451	$	31.39
Total PSUs granted		24,999	$	23.67		370,875	$	37.64