Stock-Based Compensation Expense (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Stock-based compensation expense before income tax expense for the three-month periods ended March 31, 2025 and 2024 consisted of the following (in thousands):

	Three Months Ended
	March 31,
	2025		2024
Cost of sales
Nonqualified stock options	$	346	$	362
Restricted stock units		282		—
Total cost of sales		628		362
Research and development
Nonqualified stock options		326		436
Restricted stock units		343		—
Total research and development		669		436
Selling, general and administrative
Nonqualified stock options		1,283		1,682
Performance-based restricted stock units		3,581		1,867
Restricted stock units		1,724		587
Cash-settled performance-based awards		1,193		300
Total selling, general and administrative		7,781		4,436
Stock-based compensation expense before taxes	$	9,078	$	5,234

Stock-Settled Performance-Based Restricted Stock Units

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

	Three Months Ended
	March 31,
	2025	2024
Risk-free interest rate	4.0%	4.4%
Performance period	2.8 years	2.8 years
Expected dividend yield	—	—
Expected price volatility	28.0%	31.1%