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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2022
Summary of Reconciliation of Changes in Stockholders' Equity

Reconciliation of the changes in stockholders' equity for the three and six months ended June 30, 2022 and 2021

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Accumulated
Other
Comprehensive

 

 

Accumulated

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Loss

 

 

Deficit

 

 

Total

 

Balance at December 31, 2021

 

 

72,069

 

 

$

 

 

$

511,063

 

 

$

(10,077

)

 

$

(120,453

)

 

$

380,533

 

Common stock issued upon exercise of options

 

 

2

 

 

 

 

 

 

15

 

 

 

 

 

 

 

 

 

15

 

Vesting of restricted stock and performance stock units

 

 

352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase and retirement of common shares

 

 

(116

)

 

 

 

 

 

(1,049

)

 

 

 

 

 

 

 

 

(1,049

)

Stock-based compensation

 

 

 

 

 

 

 

 

3,524

 

 

 

 

 

 

 

 

 

3,524

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(19,967

)

 

 

(19,967

)

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

1,756

 

 

 

 

 

 

1,756

 

Unrealized gain on marketable securities

 

 

 

 

 

 

 

 

 

 

 

74

 

 

 

 

 

 

74

 

Balance at March 31, 2022

 

 

72,307

 

 

$

 

 

$

513,553

 

 

$

(8,247

)

 

$

(140,420

)

 

$

364,886

 

Vesting of restricted stock and performance stock units

 

 

407

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase and retirement of common shares

 

 

(142

)

 

 

 

 

 

(905

)

 

 

 

 

 

 

 

 

(905

)

Stock-based compensation

 

 

 

 

 

 

 

 

3,280

 

 

 

 

 

 

 

 

 

3,280

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(18,802

)

 

 

(18,802

)

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

(4,349

)

 

 

 

 

 

(4,349

)

Unrealized gain on marketable securities

 

 

 

 

 

 

 

 

 

 

 

82

 

 

 

 

 

 

82

 

Balance at June 30, 2022

 

 

72,572

 

 

$

 

 

$

515,928

 

 

$

(12,514

)

 

$

(159,222

)

 

$

344,192

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

Additional
Paid-in

 

 

Accumulated
Other
Comprehensive

 

 

Accumulated

 

 

 

 

 

 

Shares

 

 

Amount

 

 

Capital

 

 

Loss

 

 

Deficit

 

 

Total

 

Balance at December 31, 2020

 

 

71,738

 

 

$

 

 

$

505,123

 

 

$

(9,097

)

 

$

(97,455

)

 

$

398,571

 

Common stock issued upon exercise of options

 

 

11

 

 

 

 

 

 

92

 

 

 

 

 

 

 

 

 

92

 

Vesting of restricted stock and performance stock units

 

 

318

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase and retirement of common shares

 

 

(111

)

 

 

 

 

 

(1,730

)

 

 

 

 

 

 

 

 

(1,730

)

Stock-based compensation

 

 

 

 

 

 

 

 

1,464

 

 

 

 

 

 

 

 

 

1,464

 

Net income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,774

 

 

 

3,774

 

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

1,352

 

 

 

 

 

 

1,352

 

Unrealized gain on marketable securities

 

 

 

 

 

 

 

 

 

 

 

21

 

 

 

 

 

 

21

 

Balance at March 31, 2021

 

 

71,956

 

 

$

 

 

$

504,949

 

 

$

(7,724

)

 

$

(93,681

)

 

$

403,544

 

Common stock issued upon exercise of options

 

 

3

 

 

 

 

 

 

29

 

 

 

 

 

 

 

 

 

29

 

Vesting of restricted stock and performance stock units

 

 

64

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase and retirement of common shares

 

 

(15

)

 

 

 

 

 

(147

)

 

 

 

 

 

 

 

 

(147

)

Stock-based compensation

 

 

 

 

 

 

 

 

1,473

 

 

 

 

 

 

 

 

 

1,473

 

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,364

)

 

 

(1,364

)

Currency translation adjustments

 

 

 

 

 

 

 

 

 

 

 

1,403

 

 

 

 

 

 

1,403

 

Unrealized loss on marketable securities

 

 

 

 

 

 

 

 

 

 

 

(122

)

 

 

 

 

 

(122

)

Balance at June 30, 2021

 

 

72,008

 

 

$

 

 

$

506,304

 

 

$

(6,443

)

 

$

(95,045

)

 

$

404,816

 

Summary of Company's Stock Option Activity

The following table summarizes the stock option activity for the six months ended June 30, 2022:

 

 

 

Options

 

 

Outstanding on January 1, 2022

 

 

1,410

 

 

Granted

 

 

589

 

 

Exercised

 

 

(2

)

 

Expired

 

 

(20

)

 

Forfeited

 

 

(173

)

 

Outstanding on June 30, 2022

 

 

1,804

 

 

Summary of Time-Vested Restricted Stock Award and Restricted Stock Units Activity

The following table summarizes time-vested restricted stock award and restricted stock unit activity for the six months ended June 30, 2022:

 

 

 

Units

 

 

Issued and unvested, January 1, 2022

 

 

701

 

 

Granted

 

 

2,782

 

 

Vested

 

 

(571

)

 

Forfeited

 

 

(249

)

 

Issued and unvested, June 30, 2022

 

 

2,663

 

 

Performance Based Restricted Stock Unit [Member]  
Summary of Performance Based Restricted Stock Unit Award Activity Under Stock Plan

The following table summarizes the PSU activity for the six months ended June 30, 2022:

 

 

 

Units

 

 

Issued and unvested, January 1, 2022

 

 

622

 

 

Granted (1)

 

 

532

 

 

Performance adjustment (2)

 

 

36

 

 

Vested

 

 

(188

)

 

Forfeited

 

 

(171

)

 

Issued and unvested, June 30, 2022

 

 

831

 

 

(1) Grant activity for all PSUs disclosed at target

(2) Reflects the performance adjustment based on actual performance measured at the end of the performance period