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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock-based Compensation Expense

The following table summarizes the stock-based compensation expense recognized in accordance with ASC 718-10 for the three and six months ended June 30, 2024 and 2023:

Three Months Ended

Six Months Ended

June 30, 

June 30, 

(In thousands)

    

2024

    

2023

    

2024

    

2023

Cost of revenues

$

707

$

446

$

1,053

$

747

Research and development

 

3,885

 

2,429

 

6,310

 

5,097

Sales and marketing

 

2,510

 

1,621

 

4,114

 

3,274

General and administrative

 

3,933

 

2,256

 

5,972

 

5,002

Total stock-based compensation expense

$

11,035

$

6,752

$

17,449

$

14,120

Performance Based Awards (PSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity

Weighted-Average

Weighted-Average

Remaining

Aggregate

Shares

Grant Date Fair

Contractual Term

Intrinsic Value

    

(In thousands)

    

Value Per Share

    

(In years)

    

(In thousands)

Outstanding at January 1, 2024

 

38

$

82.95

 

 

Granted

 

183

$

70.11

 

 

  

Vested

 

(38)

$

82.94

 

  

 

  

Forfeited

 

(1)

$

71.71

 

  

 

  

Outstanding at June 30, 2024

 

182

$

70.10

 

0.50

$

12,787

Outstanding and expected to vest at June 30, 2024

 

149

 

0.50

$

10,482

Long-Term Performance-Based Awards (PRSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity

Weighted-Average

Aggregate

Weighted-Average

Remaining

Intrinsic

Shares

Grant Date Fair

Contractual Term

Value

    

(In thousands)

    

Value Per Share

    

(In years)

    

(In thousands)

Outstanding at January 1, 2024

 

256

$

80.08

 

 

Granted

 

182

$

68.52

 

  

 

  

Vested

 

 

  

 

  

Forfeited

 

 

  

 

  

Outstanding at June 30, 2024

 

438

$

75.27

 

1.67

$

30,721

Outstanding and expected to vest at June 30, 2024

 

182

2.50

$

12,780

Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity

Weighted-Average

Aggregate

Weighted-Average

Remaining

Intrinsic

Shares

Grant Date Fair

Contractual Term

Value

    

(In thousands)

    

Value Per Share

    

(In years)

    

(In thousands)

Outstanding at January 1, 2024

 

981

$

70.27

Granted

 

389

$

67.65

  

Vested

 

(330)

$

63.19

  

Forfeited

 

(13)

$

75.96

  

Outstanding at June 30, 2024

 

1,027

$

71.48

1.84

$

72,075

Outstanding and expected to vest at June 30, 2024

 

944

 

1.77

$

66,274