XML 40 R28.htm IDEA: XBRL DOCUMENT v3.23.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of stock option activity

Outstanding Options and RSUs

    

    

    

    

Weighted-

    

Weighted-

Average

Shares

Number of

Average

Remaining

Aggregate

Available for

Shares

Exercise

Contractual

Intrinsic

(in thousands, except for contractual life and exercise price)

Grant

Outstanding

Price

Life

Value

(in years)

Balance at December 31, 2022

 

3,263

 

5,300

$

21.11

 

4.84

$

131,385

Additional shares authorized

 

3,500

Options granted

 

(344)

 

344

$

44.53

Options exercised

 

 

(217)

$

13.59

RSUs granted

(5,466)

RSUs forfeited/cancelled

620

Balance at June 30, 2023

 

1,573

 

5,427

$

22.89

4.71

$

165,062

Exercisable at June 30, 2023

 

4,554

$

13.65

3.97

$

162,998

Vested and expected to vest at June 30, 2023

 

5,370

$

22.40

4.67

$

164,931

Restricted stock units

Weighted-

Average

Grant Date

(in thousands, except for grant date fair value)

Shares

Fair Value

Balance at December 31, 2022

6,836

$

57.12

Granted

5,466

$

44.83

Vested

(2,024)

$

56.75

Cancelled/forfeited

(620)

$

49.63

Balance at June 30, 2023

9,658

$

50.68

Summary of stock-based compensation expenses

The following tables present the effect of employee and non-employee stock-based compensation expense on selected statements of operations line items for the three and six months ended June 30, 2023 and 2022.

Three months ended June 30, 

2023

2022

    

Employee

    

Non-Employee

    

Total

    

Employee

    

Non-Employee

    

Total

(in thousands)

Cost of revenues

$

2,831

$

7

$

2,838

$

2,063

$

$

2,063

Research and development

 

14,723

 

772

 

15,495

 

11,938

 

520

 

12,458

Selling, general and administrative

 

25,630

 

507

 

26,137

 

26,296

 

156

 

26,452

Total

$

43,184

$

1,286

$

44,470

$

40,297

$

676

$

40,973

Six months ended June 30, 

 

2023

2022

 

    

Employee

    

Non-Employee

    

Total

    

Employee

    

Non-Employee

    

Total

 

 

(in thousands)

Cost of revenues

$

5,385

$

9

$

5,394

$

3,779

$

$

3,779

Research and development

 

29,038

 

1,315

 

30,353

 

20,944

 

935

 

21,879

Selling, general and administrative

 

48,589

 

829

 

49,418

 

50,171

 

231

 

50,402

Total

$

83,012

$

2,153

$

85,165

$

74,894

$

1,166

$

76,060

Employee Stock Option [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used in valuation of fair value

Three months ended June 30, 

Six months ended June 30, 

    

2023

    

    

2022

    

2023

2022

Expected term (years)

 

5.97

6.03

 

10.00

5.20

6.03

5.12

10.00

Expected volatility

 

68.35

%

68.75

%

 

56.15

%

56.38

%

68.35

%

70.07

%

55.91

%

62.30

%

Expected dividend rate

 

0.00

%

 

0.00

%

0.00

%

0.00

%

Risk-free interest rate

 

3.50

%

4.06

%

 

2.72

%

2.74

%

3.41

%

4.06

%

1.62

%

2.74

%