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Share-based Compensation - Schedule of Unvested RSU Activity (Details) - Restricted Stock Units (RSUs)
6 Months Ended
Jun. 30, 2024
$ / shares
shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Unvested, Number of units Beginning balance | shares 1,017,718
Granted, Number of units | shares 232,985 [1]
Vested and delivered, Number of units | shares (53,283)
Withheld as treasury stock, Number of units | shares (21,826) [2]
Forfeited, Number of units | shares (162,382)
Unvested, Number of units Ending balance | shares 1,013,212
Unvested, Weighted average grant-date fair value, Beginning balance | $ / shares $ 20.1
Granted, Weighted average grant-date fair value | $ / shares 18.48 [1]
Vested and delivered, Weighted average grant-date fair value | $ / shares 25.08
Withheld as treasury stock, Weighted average grant-date fair value | $ / shares 25.39 [2]
Forfeited, Weighted average grant-date fair value | $ / shares 17.4
Unvested, Weighted average grant-date fair value, Ending balance | $ / shares $ 19.78
[1] In March 2024, the Company granted 130,000 RSUs, subject to performance-based requirements, to one non-executive employee at a grant date fair value of $18.30 per share. Such RSU grant shall not vest unless and until the Company has achieved certain revenue for a portion of its business prior to December 31, 2030, the last achievement date deadline. No amortization of share-based compensation expense has been recognized for 115,000 RSUs among the above-mentioned grant, because, as of June 30, 2024, the Company determined that it is not probable that related performance criteria will be met. In addition to the 130,000 RSUs discussed above, the Company granted, during the six months ended June 30, 2024, an aggregate of 102,985 RSUs to certain employees and directors at grant date fair values ranging from $18.12 to $22.85 per share, with a vesting period ranging from one to four years.
[2] Withheld as treasury stock represents shares withheld to pay statutory taxes upon the vesting of RSUs. Refer to Note 7, "Common stock and treasury stock," for details.