Stock-Based Incentive Compensation Plans (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The table below summarizes the stock option activity for the nine months ended September 30, 2022:

	Number of Shares	Weighted- Average Exercise Price
Outstanding as of December 31, 2021	2,009,513	$8.73
Exercised	(64,211)	4.75
Canceled and forfeited	(24,237)	15.47
Outstanding as of September 30, 2022	1,921,065	11.13

Schedule of Share-based Payment Award, Equity Instruments Other Than Options, Valuation Assumptions

The table below summarizes the assumptions used to estimate the grant date fair value of the PSUs granted:

	Nine Months Ended September 30, 2022
Expected volatility of common stock	48.9%	to	58.7%
Expected volatility of peer companies	24.2%	to	152.5%
Correlation coefficient of peer companies	(0.13)	to	1.00
Risk-free interest rate	0.4%	to	1.2%
Dividend yield	—%	to	1.0%

Schedule of Restricted Stock Unit Activity

The table below summarizes RSU and PSU activity for the nine months ended September 30, 2022:

	RSUs		PSUs
	Number of Shares	Weighted Average Grant Date Fair Value	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021	1,566,522	$25.17	—	$—
Granted	1,252,165	20.69	155,596	19.50
Vested	(588,240)	24.49	—	—
Canceled and forfeited	(204,013)	23.67	—	—
Outstanding as of September 30, 2022	2,026,434	22.75	155,596	19.50

Schedule of Performance-based Restricted Stock Unit Activity Arrangement

The table below summarizes RSU and PSU activity for the nine months ended September 30, 2022:

	RSUs		PSUs
	Number of Shares	Weighted Average Grant Date Fair Value	Number of Shares	Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021	1,566,522	$25.17	—	$—
Granted	1,252,165	20.69	155,596	19.50
Vested	(588,240)	24.49	—	—
Canceled and forfeited	(204,013)	23.67	—	—
Outstanding as of September 30, 2022	2,026,434	22.75	155,596	19.50

Schedule of Stock-Based Compensation

The table below presents the detail of stock-based compensation expense amounts included in the condensed consolidated statements of operations:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
	(in thousands)
Cost of goods sold	$	121	$	128	$	360	$	432
Sales and marketing	2,836		2,153		8,177		6,177
Research and development	672		434		1,968		1,257
General and administrative	2,293		1,526		6,675		4,662
	$	5,922	$	4,241	$	17,180	$	12,528