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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2023
Stockholders' Equity Note [Abstract]  
Summary of Changes In Accumulated Other Comprehensive Loss by Component, Net of Tax

The table below summarizes the changes in accumulated other comprehensive loss by component, net of tax (in thousands):

 

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

Beginning accumulated other comprehensive income

 

$

(4,662

)

 

$

(4,457

)

Actuarial gain (loss) for pension plan

 

 

(941

)

 

 

4,278

 

Foreign currency translation adjustments, net

 

 

(2,844

)

 

 

(4,483

)

Ending accumulated other comprehensive income

 

$

(8,447

)

 

$

(4,662

)

Summary of Option Activity under Stock Option Program

The following table sets forth the summary of option activity under the stock option program for the year ended December 31, 2023 (in thousands, except weighted average data):

 

 

 

Options
Outstanding

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Contractual
Term

 

 

Aggregate
Intrinsic
Value

 

Outstanding at the beginning of the period

 

 

1,496

 

 

$

11.84

 

 

 

7.2

 

 

$

3,281

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1

)

 

 

12.08

 

 

 

 

 

 

 

Canceled/Forfeited

 

 

(44

)

 

 

16.49

 

 

 

 

 

 

 

Expired

 

 

(176

)

 

 

11.70

 

 

 

 

 

 

 

Outstanding at the end of the period

 

 

1,275

 

 

 

11.70

 

 

 

6.25

 

 

 

 

Vested and exercisable at the end of the period

 

 

1,139

 

 

$

11.13

 

 

 

6.13

 

 

$

 

Summary of Assumptions Used to Value Options Granted for Stock Options The following table summarizes the weighted average assumptions used to value options granted during the year ended December 31, 2022:

 

Expected term (years)

 

 

6.1

 

Volatility

 

 

58.9

%

Risk free interest rate

 

 

1.5

%

Dividend yield

 

 

0

%

Weighted average fair value of stock options

 

$

8.83

 

Summary of Restricted Stock Unit Awards Activity Under Stock Award Program

The following table sets forth the summary of restricted stock units activity under the stock option program for the year ended December 31, 2023 (in thousands, except weighted average data):

 

 

RSU
Outstanding

 

 

Weighted
Average
Grant Date Fair
Value

 

Outstanding at the beginning of the period

 

 

2,673

 

 

$

16.07

 

Granted

 

 

272

 

 

 

10.71

 

Cancelled/Forfeited

 

 

(504

)

 

 

14.18

 

Vested and issued

 

 

(1,042

)

 

 

15.74

 

Outstanding at the end of the period

 

 

1,399

 

 

 

15.93

 

Vested and unissued at the end of the period

 

 

 

 

 

20.90

 

Non-vested at the end of the period

 

 

1,399

 

 

$

15.93

 

Summary of Stock Based Compensation Expense

The following table summarizes total stock-based compensation expense for stock options, restricted stock units, and ESPP (in thousands).

 

 

Years ended December 31,

 

 

 

2023

 

 

2022

 

Cost of revenue

 

$

1,211

 

 

 

801

 

Research and product development

 

 

3,944

 

 

 

4,857

 

Selling, marketing, general and administrative

 

 

10,688

 

 

 

10,144

 

 

 

$

15,843

 

 

$

15,802