Stock-Based Compensation Expense (Tables)

9 Months Ended

Sep. 30, 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 and nine-month periods ended September 30, 2025 and 2024 consisted of the following (in thousands)

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2025		2024		2025		2024
Cost of sales
Nonqualified stock options	$	126	$	150	$	777	$	875
Restricted stock units		351		—		973		—
Total cost of sales		477		150		1,750		875
Research and development
Nonqualified stock options		328		440		965		1,221
Restricted stock units		386		—		1,103		—
Total research and development		714		440		2,068		1,221
Selling, general and administrative
Nonqualified stock options		1,058		1,442		3,637		4,689
Performance-based restricted stock units		8,030		2,884		16,588		7,648
Restricted stock units		2,270		1,074		6,259		2,792
Cash-settled performance-based awards		998		723		3,094		1,733
Cash-settled restricted stock units		65		—		167		—
Total selling, general and administrative		12,421		6,123		29,745		16,862
Stock-based compensation expense before taxes	$	13,612	$	6,713	$	33,563	$	18,958

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

	Nine Months Ended
	September 30,
	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%