v3.24.1.u1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock-Based Compensation Expense by Line Items in Consolidated Statements of Operations

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

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Cost of revenue

 

 

559

 

 

 

442

 

Research and development

 

 

2,802

 

 

 

2,644

 

Sales, general and administrative

 

 

9,477

 

 

 

10,474

 

Total stock-based compensation expense

 

 

12,838

 

 

 

13,560

 

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

 

 

 

March 31,

 

 

 

2024

 

 

2023

 

Stock Options

 

 

—

 

 

 

295

 

Restricted stock units

 

 

10,750

 

 

 

9,555

 

Performance stock units

 

 

1,584

 

 

 

2,832

 

Employee stock purchase plan

 

 

504

 

 

 

878

 

Total stock-based compensation expense

 

 

12,838

 

 

 

13,560

 

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

 

 

Three Months Ended

 

 

 

March 31, 2024

 

 

March 31, 2023

 

 

 

Shares

 

 

Weighted Average Fair Value

 

 

Shares

 

 

Weighted Average Fair Value

 

Total shareholder return

 

 

239,723

 

 

$

21.02

 

 

 

87,531

 

 

$

45.49

 

Revenue targets

 

 

239,734

 

 

$

15.32

 

 

 

87,557

 

 

$

32.31

 

Total PSUs granted

 

 

479,457

 

 

$

18.17

 

 

 

175,088

 

 

$

38.90