Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Information With Respect to Stock Options

The below tables present information with respect to stock options:

(in thousands, except for exercise price)	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding at January 1, 2023		1,029		$	12.82
Options exercised		(97	)		10.73
Options canceled/forfeited		(12	)		13.40
Outstanding at December 31, 2023		920		$	13.04	$	28,053
Vested and expected to vest at December 31, 2023		920		$	13.04	$	28,046
Total shares exercisable at December 31, 2023		898		$	13.12	$	27,299
Shares remaining available for future grant		—

(in thousands, except for grant date fair value)	2023		2022		2021
Option expense recorded, in thousands, for the year ended December 31,	$	2,813	$	5,640	$	9,497
Weighted average grant date fair value	$	—	$	—	$	60.48
Total intrinsic value of stock options exercised, in thousands, for the year ended December 31,	$	2,700	$	3,663	$	5,927
Cash received for options exercised	$	1,069	$	1,286	$	1,156

Schedule of Assumptions for Fair Value of Options at the Date of the Grant

Issuance date fair value of the Warrant was determined to be $14.3 million based on using the Black-Scholes model with the following assumptions:

Expected term	5.0 years
Risk free interest rate		0.85	%
Expected volatility		53.78	%
Expected dividend yield	None
Fair value (per warrant)	$	28.65

The fair value of options at the date of the grant was estimated using the Black-Scholes model with the following assumptions for the period ending December 31, 2021:

	2021
Expected option life	3.1 years
Weighted average risk-free interest rate		0.4	%
Weighted average expected volatility		56.5	%
Expected dividend yield	None

Schedule of Share-based Compensation by Exercise Price Range

Stock options outstanding at December 31, 2023 are summarized as follows:

Range of exercise prices	Number outstanding (in thousands)	Weighted average remaining life
$0.73 - $35.26	920	5.95 years

Summary of Restricted Stock Awards Activity

Current year activity with respect to the Company’s non-vested RSUs is as follows:

(in thousands, except weighted average fair value)	Shares			Weighted Average grant- date fair value
Balance at January 1, 2023		512		$	35.96
Granted		625			35.74
Vested		(210	)		34.10
Canceled/forfeited		(88	)		38.17
Balance at December 31, 2023		839		$	35.83

The below table presents information with respect to RSUs:

(in thousands)	2023		2022		2021
Service-based RSU	$	9,189	$	6,615	$	3,172
Performance-based RSU		2,257		845		774
Total stock-based compensation expense related to RSUs	$	11,446	$	7,460	$	3,946