Stock-Based Incentive Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The table below summarizes the stock option activity for the six months ended June 30, 2024:

	Number of Shares	Weighted- Average Exercise Price		Weighted-Average Contractual Remaining Life (Years)	Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2023	1,188,708	$	10.14	3.51	$	13,197
Exercised	(99,320)	$	4.11
Canceled and forfeited	(1,111)	$	18.47
Outstanding as of June 30, 2024	1,088,277	$	10.68	3.21	$	5,648
Options vested and exercisable, June 30, 2024	1,088,277	$	10.68	3.21	$	5,648
Options vested and expected to vest, June 30, 2024	1,088,277	$	10.68	3.21	$	5,648

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:

	Six Months Ended June 30,
	2024			2023
Expected volatility of common stock	47.0%	to	59.0%	58.0%	to	73.0%
Expected volatility of peer companies	29.0%	to	97.0%	33.0%	to	141.0%
Correlation coefficient of peer companies	(0.01)	to	1.00	(0.15)	to	1.00
Risk-free interest rate	4.1%	to	4.7%	3.9%	to	5.0%
Dividend yield	0.6%	to	4.7%	—%	to	1.3%

Schedule of Restricted Stock Unit Activity

The table below summarizes RSU and PSU activity for the six months ended June 30, 2024:

	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, 2023	1,899,790	$19.93	385,122	$14.74
Granted	1,041,308	18.35	319,858	18.48
Vested	(509,117)	21.19	(94,439)	16.27
Canceled and forfeited	(44,048)	20.10	—	—
Outstanding as of June 30, 2024	2,387,933	18.97	610,541	16.47

Schedule of Performance-based Restricted Stock Unit Activity Arrangement

The table below summarizes RSU and PSU activity for the six months ended June 30, 2024:

	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, 2023	1,899,790	$19.93	385,122	$14.74
Granted	1,041,308	18.35	319,858	18.48
Vested	(509,117)	21.19	(94,439)	16.27
Canceled and forfeited	(44,048)	20.10	—	—
Outstanding as of June 30, 2024	2,387,933	18.97	610,541	16.47

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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(in thousands)
Cost of goods sold	$	257	$	161	$	491	$	298
Sales and marketing	2,709		2,702		5,930		5,612
Research and development	823		748		1,643		1,500
General and administrative	2,609		2,387		5,364		4,782
	$	6,398	$	5,998	$	13,428	$	12,192

Schedule of Warrants Issued and Outstanding

The table below summarizes common stock warrants activity for the six months ended June 30, 2024:

Date		Outstanding Balance at December 31, 2023	Price per Share		Warrants Issued	Warrant Exercised	Warrant Expired	Outstanding Balance at June 30, 2024
Issuance	Expiration
3/1/2017	3/1/2027	1,388	$	5.94	—	—	—	1,388
11/26/2014	11/26/2024	6,680	$	16.47	—	—	—	6,680
10/20/2015	10/20/2025	41,650	$	16.47	—	—	—	41,650
11/9/2015	11/9/2025	25,709	$	16.47	—		—	25,709
12/22/2016	12/22/2026	9,712	$	10.03	—	—	—	9,712
		85,139			—	—	—	85,139