Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Stock-Based Compensation Expense

The following table presents stock-based compensation expense in the Company’s condensed consolidated statements of comprehensive (loss) income:

	Three Months Ended March 31,
	2024		2023
	(Amounts in thousands)
Cost of goods sold	$	604	$	591
Research and development		944		787
Selling, general and administrative		7,228		5,876
Total stock-based compensation	$	8,776	$	7,254

Summary of Option Activity

Information regarding option activity for the three months ended March 31, 2024 under the Plans is summarized below:

	Shares			Weighted average exercise price		Weighted- Average Remaining Contractual Term (in Years)		Aggregate Intrinsic Value (in Thousands)
Options outstanding at December 31, 2023		649,130		$	85.97
Granted		39,528		$	192.80
Exercised		(13,708	)	$	68.95
Forfeited/expired/cancelled		(10,970	)	$	77.70
Options outstanding at March 31, 2024		663,980		$	92.81
Options exercisable at March 31, 2024		400,302		$	71.62
Vested and expected to vest at March 31, 2024(1)		650,402		$	92.21		5.67	$	61,471

(1)Represents the number of vested options as of March 31, 2024 plus the number of unvested options expected to vest as of March 31, 2024 based on the unvested outstanding options at March 31, 2024 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.

Summary of Restricted Stock Unit Activity

Information regarding stock unit activity, which includes activity for restricted stock units and performance stock units, for the three months ended March 31, 2024 under the Plans is summarized below:

	Shares			Weighted Average Grant Date Fair Value
Unvested at December 31, 2023		474,320		$	155.59
Awarded		152,483		$	192.59
Vested		(98,246	)	$	148.67
Forfeited/cancelled		(20,968	)	$	186.59
Unvested at March 31, 2024		507,589		$	166.78
Vested and expected to vest at March 31, 2024(1)		444,179		$	165.03

(1)Represents the number of vested stock units as of March 31, 2024 plus the number of unvested stock units expected to vest as of March 31, 2024 based on the unvested outstanding stock units at March 31, 2024 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.