XML 49 R37.htm IDEA: XBRL DOCUMENT v3.24.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of allocated expense
The following table summarizes ESPP expense incurred under the 2016 Employee Stock Purchase Plan and included in our accompanying unaudited interim condensed consolidated statements of operations:
(in thousands)Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Selling, general, and administrative$142 $109 $418 $251 
Cost of sales35 16 95 46 
Research and development18 14 42 33 
Total$195 $139 $555 $330 
The following table summarizes stock-based compensation expense incurred under the Amended 2022 Stock Plan and Inducement Grants included in the accompanying unaudited interim condensed consolidated statements of operations:
(in thousands)Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Selling, general, and administrative$6,582 $4,914 $19,883 $13,588 
Research and development423 225 1,029 638 
Cost of sales283 166 816 475 
Total$7,288 $5,305 $21,728 $14,701 
Summary of stock option and restricted stock activity
A summary of stock options (including Inducement Grants), RSA, and PSU activity under the Amended 2022 Stock Plan and Inducement Grants during the nine months ended September 30, 2024 and 2023 is presented below:
(in thousands)OptionsPSUsRSAs
Outstanding at December 31, 2022907—1,141
Granted385648
Options Exercised/RSAs Vested(151)—(369)
(1)
Forfeited(28)(1)(76)
Outstanding at September 30, 2023731841,344
Outstanding at December 31, 2023689841,351
Granted—74669
Options Exercised/RSAs Vested(57)—(467)
(2)
Forfeited(1)—(60)
Outstanding at September 30, 20246311581,493
______________________________________________
(1)Includes 111 thousand shares purchased from employees to cover employee income taxes related to income earned upon vesting of restricted stock. The shares purchased are held in treasury and the $4.8 million total purchase price for the shares is included in Treasury stock in our accompanying unaudited interim condensed consolidated balance sheets.
(2)Includes 160 thousand shares purchased from employees to cover employee income taxes related to income earned upon vesting of restricted stock. The shares purchased are held in treasury and the $10.6 million total purchase price for the shares is included in Treasury stock in our accompanying unaudited interim condensed consolidated balance sheets.