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Shareholders' Equity and Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

Schedule of Unvested Restricted Stock Units Roll Forward

RSU activities for the year ended December 31, 2023 for RSUs granted under JS RSU Plan to the Company’s employees were as follows:

			Number of Shares						Weighted Average Grant Date Fair Value per share
Unvested as of December 31, 2022			10,254,734						0.97
Vested			(9,177,987)						0.97
Cancelled/Forfeited			(1,076,747)						0.97
Unvested as of December 31, 2023			—						$	—

RSU activities for the year ended December 31, 2023 for RSUs granted under the 2023 Plan to the Company’s employees were as follows:

			Number of Shares						Weighted Average Grant Date Fair Value per share
Unvested as of December 31, 2022			—						$	—
Granted			4,059,337						28.40
Vested			(194,576)						29.94
Forfeited			(6,775)						30.05
Unvested as of December 31, 2023			3,857,986						$	28.32

Share-Based Payment Arrangement, Expensed and Capitalized, Amount

The share-based compensation by line item in the accompanying consolidated statements of income is summarized as follows:

			Year Ended December 31,
			2023						2022						2021
			(in thousands)
Research and development			$	7,696					$	1,741					$	2,918
Sales and marketing			4,934						459						1,755
General and administrative			34,336						3,309						9,251
Total share-based compensation			$	46,966					$	5,509					$	13,924

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

The weighted-average grant date fair value of the RSUs with a market condition granted in the year ended December 31, 2023 was $23.14, using the following assumptions:

Stock price at valuation date			$	—
Expected volatility			44.99 % to 47.62 %
Risk-free interest rate			4.30 % to 5.07 %
Expected dividends			0		%
Expected term (in years)			1.48 to 4.01

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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