v3.26.1
Employee Stock Benefit Plans
6 Months Ended
Jun. 30, 2026
Disclosure Text Block  
Employee Stock Benefit Plans

9. Employee Stock Benefit Plans

The Company has several share-based compensation plans under which stock options, restricted stock awards, restricted stock units and other share-based awards are available for grant to employees, officers, directors, and consultants of the Company.

The following table summarizes share-based compensation expense (in thousands):

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Three Months Ended

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Six Months Ended

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June 30, 

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June 30, 

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  ​ ​ ​

2026

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2025

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2026

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2025

Share-based compensation expense:

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​

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Research and development

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$

1,519

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$

1,398

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$

2,970

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$

2,888

Selling, general and administrative

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​

1,717

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​

3,126

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3,919

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6,828

Restructuring

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—

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—

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—

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99

Total share-based compensation expense included in operating expenses

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3,236

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4,524

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6,889

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​

9,815

Income tax expense (benefit)

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(846)

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(532)

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705

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2,909

Total share-based compensation expense, net of tax

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$

2,390

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$

3,992

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$

7,594

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$

12,724

 

 

Restructuring expenses include modifications to share-based awards held by employees impacted by certain workforce reductions (Note 11).