v3.24.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
Schedule of Share-based Payment Arrangement, Option, Activity
A summary of stock option activity under the Plans was as follows:
(In thousands, except prices and years)Number of
options		Weighted-
average
exercise
price		Weighted- average remaining contractual life (years)Aggregate intrinsic value
Options outstanding at January 1, 20242,985 $16.04 5.60$629,865 
Granted (1)— 
Exercised(802)14.45 
Forfeited and expired (2)— 20.75 
Options outstanding at September 30, 2024
2,183 $16.62 4.90$579,895 
Options exercisable at September 30, 2024
2,180 $16.52 4.90$578,771 
________________
(1) There were no stock options granted during the three and nine months ended September 30, 2024.
(2) There was a nominal amount of forfeitures and expirations during the nine months ended September 30, 2024.
Schedule of Share-based Payment Arrangement, RSU, Activity
A summary of RSU activity under the Plans was as follows:
(In thousands, except prices)Restricted stock unitsWeighted-
average
grant date fair value per share
Outstanding at January 1, 2024
2,027 $106.32 
Granted635 177.36 
Released(616)101.02 
Forfeited(108)115.32 
Outstanding at September 30, 2024
1,938 $130.77 
Schedule of Share-based Payment Arrangement, Payment Award
TrancheCompany Stock Price HurdleNumber of RSUs Eligible to Vest
1 (1)$127.50 90 
2 (1)$153.00 90 
3 (2)$178.50 90 
4 (3)$204.00 180 
5$255.00 180 
6$306.00 180 
7$357.00 180 
8$408.00 180 
9$612.00 270 
10$816.00 360 
________________
(1) Stock price hurdle for the tranche was achieved in 2021, the service condition satisfied in 2022, and shares were released to CEO and CTO on August 14, 2023

(2) Stock price hurdle and the service condition for the tranche was achieved as of November 22, 2023; the shares will be released after the one-year holding requirement has been satisfied

(3) Stock price hurdle and the service condition for the tranche was achieved as of December 26, 2023; the shares will be released after the one-year holding requirement has been satisfied
Schedule of Share-based Payment Arrangement, Expensed, Amount
Stock-based compensation expense is included in the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income as shown in the following table:
Three Months Ended September 30,Nine Months Ended September 30,
(In thousands)2024202320242023
Cost of revenues$20 $15 $54 $40 
Research and development16,230 12,244 43,331 32,568 
Sales and marketing1,305 1,151 3,557 2,899 
General and administrative11,404 12,022 33,748 34,712 
Total$28,959 $25,432 $80,690 $70,219