Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of stock option activity

The following table summarizes the Company’s stock option activity:

	Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding - January 1, 2024	3,732,420	$	14.00	6.73	$	—
Granted	—	—
Exercised	—	—
Forfeited	(141,900)	17.54
Expired	(107,450)	21.28
Outstanding - December 31, 2024	3,483,070	13.64		5.29	—
Vested and Exercisable - December 31, 2024	2,769,240	13.60		5.01	—
Options vested and expected to vest - December 31, 2024	3,483,070	$	13.64	5.29	$	—

Schedule of valuation assumptions

The fair value of PSUs was determined using a Monte Carlo simulation subject to the performance conditions of the underlying PSUs with the following assumptions:

Input	2024 Grants	2023 Grants	2022 Grants
Risk-free interest rate	4.5%	3.5%	1.5% - 4.2%
Expected volatility of the Company’s Class A Common Stock	101.5%	74.9%	57.7% - 66.0%

Schedule of unvested share activity

The following table summarizes the Company’s RSU and PSU activity for the year ended December 31, 2024:

			Weighted Average Grant Date Fair Value
	RSU Shares	PSU Shares	RSU		PSU
Outstanding - January 1, 2024	5,242,680	1,306,558	$	8.77	$	9.13
Granted	6,421,618	1,258,112	3.17		5.27
Vested	(2,407,671)	—	7.69		—
Forfeited	(2,002,236)	(375,097)	6.68		9.80
Cancelled(1)	—	(951,751)	—		7.93
Outstanding - December 31, 2024	7,254,391	1,237,822	$	4.56	$	5.93

Schedule of share based compensation

Share-based compensation expense was as follows for the periods indicated:

	Year Ended December 31,
(in thousands)	2024		2023		2022
Cost of sales	$	52	$	1,513	839
Selling and marketing	7,716		7,962		9,363
Research and development	345		1,425		602
General and administrative	18,583		11,644		17,691
Total share-based compensation	$	26,696	$	22,544	$	28,495