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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Fair Value of Each Stock Option Award Granted Weighted average assumptions used during the years ended December 31, 2023, 2022 and 2021 are as follows:
 202320222021
Expected term (in years)
4.0 – 6.5
3.0 – 5.5
1.2 – 5.5
Risk-free interest rate (%)
3.3% - 4.7%
1.4% - 4.5%
0.2% - 1.3%
Expected volatility (%)
53.3% - 67.9%
41.9% - 66.7%
38.7% - 51.4%
Dividend yield (%)———
Weighted average fair value/share at grant date$9.03$6.42$18.87
The fair value of each PSU granted during the year ended December 31, 2023 was estimated as of the grant date using a Monte Carlo simulation with the following assumptions:
2023
Expected term (in years)3.0
Risk-free interest rate (%)
3.6% - 4.0%
Expected volatility (%)
68.40% - 69.90%
Dividend yield (%)—
Weighted average grant date fair value per share$21.83
Schedule of Stock Option Activity
The status of the stock options are summarized as follows:
 
Number
of Shares
Weighted
Average Exercise
Price
Weighted-Average
Remaining Contract Term
(in years)		Aggregate Intrinsic
Value
(in thousands)
Outstanding at December 31, 2020
3,785,941 $15.21 3.24$146,252 
     Granted1,232,056 42.13 
     Exercised(1,372,564)9.97 46,692 
     Forfeited(684,238)29.70 
Outstanding at December 31, 2021
2,961,195 25.46 3.7936,065 
     Granted4,494,333 14.49 
     Exercised(949,259)10.87 6,050 
     Forfeited(2,291,652)26.50 
Outstanding at December 31, 2022
4,214,617 16.48 5.551,375 
     Granted1,679,860 17.11 
     Exercised(279,148)10.79 1,373 
     Forfeited(1,234,230)20.77 
Outstanding at December 31, 2023
4,381,099 15.87 5.5615,568 
Exercisable at December 31, 2023
1,171,045 20.45 4.174,076 
Vested and expected to vest at December 31, 2023
4,381,099 15.87 5.5615,568 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The number of shares and weighted average grant date fair values of restricted nonvested common stock at the beginning and end of 2023, 2022 and 2021, as well as stock awards granted, vested, and forfeited during the year were as follows:
Number of
Restricted
Shares
Weighted Average
Grant Date
Fair Value
Nonvested at December 31, 2020
291,891 $23.82 
     Granted936,648 39.52 
     Vested(213,777)32.83 
     Forfeited(163,359)38.58 
Nonvested at December 31, 2021
851,403 36.00 
     Granted2,865,727 14.16 
     Vested(413,747)33.19 
     Forfeited(1,308,522)24.57 
Nonvested at December 31, 2022
1,994,861 12.71 
     Granted1,006,698 16.84 
     Vested(624,806)13.89 
     Forfeited(414,834)15.58 
Nonvested at December 31, 2023
1,961,919 13.83 
Schedule of Restricted Stock Activity
A summary of the PSU activity under the Company’s plans for the year ended December 31, 2023 is as follows:
Number of Stock UnitsWeighted Average Grant Date Fair Value
Nonvested at December 31, 2022
— $— 
Granted305,105 21.83 
Vested— — 
Forfeited— — 
Nonvested at December 31, 2023
305,105 21.83