Share-based compensation

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-based compensation

12. Share-based compensation

Components of share-based compensation expense are as follows:

	Three Months Ended March 31,
(Unaudited, U.S. Dollars, in thousands)	2025		2024
Cost of sales	$	461	$	576
Sales, general, and administrative		5,649		7,215
Research and development		359		1,009
Total	$	6,469	$	8,800

	Three Months Ended March 31,
(Unaudited, U.S. Dollars, in thousands)	2025		2024
Stock options	$	869	$	1,118
Market-based stock options		646		327
Time-based restricted stock awards and units		2,994		5,873
Market-based / performance-based restricted stock units		1,420		838
Stock purchase plan		540		644
Total	$	6,469	$	8,800

During the three months ended March 31, 2025, and 2024, the Company issued 0.6 million and 0.2 million shares, respectively, of common stock related to stock purchase plan issuances, stock option exercises, and the vesting of restricted stock awards and units.