XML 40 R30.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Employee Benefit Plans (Tables)
3 Months Ended
Mar. 31, 2024
Employee Benefit and Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Stock Option Activity

Stock option activity was as follows:

 

(In thousands, except per share amounts)

 

Number of
Shares

 

 

Weighted Average Exercise Price Per Share

 

 

Outstanding as of December 31, 2023

 

 

866

 

 

$

30.70

 

 

Granted

 

 

 

 

$

 

 

Exercised

 

 

 

 

$

 

 

Cancelled

 

 

 

 

$

 

 

Expired

 

 

 

 

$

 

 

Outstanding as of March 31, 2024

 

 

866

 

 

$

30.70

 

 

 

Schedule of Time-Based RSU Activity

Time-based RSU activity was as follows:

 

(In thousands, except per share amounts)

 

Number
of Shares

 

 

Weighted Average Grant Date Fair Value Per Share

 

Outstanding as of December 31, 2023

 

 

1,567

 

 

$

22.83

 

Granted

 

 

459

 

 

$

14.90

 

Vested

 

 

(85

)

 

$

19.93

 

Cancelled

 

 

(41

)

 

$

22.15

 

Outstanding as of March 31, 2024

 

 

1,900

 

 

$

20.87

 

Schedule of PSU Activity

PSU activity was as follows:

(In thousands, except per share amounts)

 

Number
of Shares

 

 

Weighted Average Grant Date Fair Value Per Share

 

Outstanding as of December 31, 2023

 

 

417

 

 

$

24.76

 

Granted

 

 

456

 

 

$

20.71

 

Vested

 

 

 

 

$

 

Cancelled

 

 

(296

)

 

$

27.36

 

Outstanding as of March 31, 2024

 

 

577

 

 

$

20.23

 

Schedule of Total Stock-Based Compensation Expense Resulting from Stock Options, RSUs, Time-Based and Performance-Based and the ESPP

Valuation and Expense Information

 

The following table sets forth the stock-based compensation expense resulting from stock options, RSUs (time-based and performance-based) and the ESPP included in the Company’s unaudited condensed consolidated statements of operations:

 

 

 

Three Months Ended

 

 

(In thousands)

 

March 31, 2024

 

 

April 2, 2023

 

 

Cost of revenue

 

$

365

 

 

$

351

 

 

Research and development

 

 

698

 

 

 

1,065

 

 

Sales and marketing

 

 

1,237

 

 

 

1,431

 

 

General and administrative

 

 

2,244

 

 

 

1,818

 

 

Total

 

$

4,544

 

 

$

4,665