Stock-Based Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of stock option activity

A summary of the stock option activity is as follows:

	Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Life	Aggregate Intrinsic Value (in thousands)
Outstanding, December 31, 2021	3,194,738	$15.65	6.45	$	2,236
Granted	1,185,749	$9.13
Exercised	(153,290)	$4.44
Cancelled	(229,964)	$14.83
Outstanding, September 30, 2022	3,997,233	$14.20	6.77	$	7,772
Exercisable, September 30, 2022	2,117,574	$15.63	4.85	$	4,059

Schedule of weighted-average assumptions for options granted

The Company used the following weighted-average assumptions for options granted during the nine months ended September 30, 2022:

Expected term (in years)	6.02
Expected volatility	61.06	%
Risk free rate	2.26	%
Expected dividends	—	%

Summary of stock unit activity

A summary of the restricted and performance stock unit activity is as follows:

	Outstanding Stock Units
	Stock Units	Weighted-Average Fair Value at Date of Grant per Share		Weighted Average Remaining Vesting Life	Aggregate Intrinsic Value (in thousands)
Unvested, December 31, 2021	1,730,765	$	18.45	1.51	$	19,633
Granted	1,916,963	$	8.31
Released	(315,275)	$	14.12
Forfeited	(331,260)	$	13.42
Unvested, September 30, 2022	3,001,193	$	12.98	1.82	$	35,774