Stockholders' Equity (Tables)

6 Months Ended

Jun. 30, 2024

Equity [Abstract]

Stock-Based Compensation Expense

The following table presents stock-based compensation expense in the Company’s condensed consolidated statements of comprehensive income (loss):

	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
	(Amounts in thousands)
	(As Restated)				(As Restated)
Cost of goods sold	$	498	$	522	$	1,102	$	1,113
Research and development		503		608		1,447		1,395
Selling, general and administrative(1)		8,878		4,353		16,106		10,229
Total stock-based compensation	$	9,879	$	5,483	$	18,655	$	12,737

(1)Selling, general and administrative stock-based compensation for the three and six months ended June 30, 2024 includes $5.0 million of expense related to the Equity Modification discussed above.

Summary of Option Activity

Information regarding option activity for the six months ended June 30, 2024 under the Plans is summarized below:

	Shares			Weighted average exercise price		Weighted- Average Remaining Contractual Term (in Years)		Aggregate Intrinsic Value (in Thousands)
Options outstanding at December 31, 2023		649,130		$	85.97
Granted		60,736		$	184.66
Exercised		(26,661	)	$	67.08
Forfeited/expired/cancelled(1)		(22,027	)	$	192.07
Options outstanding at June 30, 2024		661,178		$	92.26
Options exercisable at June 30, 2024		413,411		$	74.55
Vested and expected to vest at June 30, 2024(2)		655,251		$	91.51		5.41	$	35,463

(1)Includes 13,057 options forfeited pursuant to the 2024 Award Amendment discussed above under “Chief Executive Officer Accounting Modifications”.

(2)Represents the number of vested options as of June 30, 2024 plus the number of unvested options expected to vest as of June 30, 2024 based on the unvested outstanding options at June 30, 2024 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.

Summary of Restricted Stock Unit Activity

Information regarding stock unit activity, which includes activity for restricted stock units and performance stock units, for the six months ended June 30, 2024 under the Plans is summarized below:

	Shares			Weighted Average Grant Date Fair Value
Unvested at December 31, 2023		474,320		$	155.59
Awarded		178,252		$	188.57
Vested		(125,820	)	$	143.87
Forfeited/cancelled(1)		(69,442	)	$	189.15
Unvested at June 30, 2024		457,310		$	166.59
Vested and expected to vest at June 30, 2024(2)		397,312		$	164.77

(1)Includes 13,146 RSUs and 6,573 PSUs forfeited pursuant to the 2024 Award Amendment discussed above under ”Chief Executive Officer Accounting Modifications”.

Represents the number of vested stock units as of June 30, 2024 plus the number of unvested stock units expected to vest as of June 30, 2024 based on the unvested outstanding stock units at June 30, 2024 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.