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Equity-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Activity of Company's Restricted Stock | Activity for the Company’s RSAs was as follows:
(in thousands, except per share amounts) |  | Restricted Stock Awards |  | Weighted-average grant date fair value per share
Balance, December 31, 2023 |  | 1,283 |  |  | $ | 23.00 |
Vested |  | (1,245) |  |  | 23.00 |
Balance, March 31, 2024 |  | 38 |  |  | $ | 23.00 |
Schedule of Activity of Company's Restricted Stock Units | Activity for the Company’s RSUs was as follows:
(in thousands, except per share amounts) |  | Restricted Stock Units |  | Weighted-average grant date fair value per share
Balance, December 31, 2023 |  | 648 |  |  | $ | 35.99 |
New grants |  | 693 |  |  | 29.67 |
Vested |  | (87) |  |  | 31.06 |
Forfeitures |  | (64) |  |  | 32.85 |
Balance, March 31, 2024 |  | 1,190 |  |  | $ | 31.77 |
Total release date fair value of vested restricted stock awards and units for the three months ended March 31, 2024 and 2023 are presented below.
(in thousands, except per share amounts) |  |  |  |  |  | Three Months Ended March 31, 2024 |  | Weighted-average vest date fair value per share | Three Months Ended March 31, 2023 | Weighted-average vest date fair value per share |  |
Restricted stock awards |  |  |  |  |  | $ | 38,665 |  |  | $ | 31.06 |  | $ | 34,293 |  | $ | 27.15 |  |  |
Restricted stock units |  |  |  |  |  | 2,664 |  |  | 30.49 |  | 5,441 |  | 27.22 |  |  |
Schedule of Equity-Based Compensation | Equity-based compensation expense is recognized on a straight-line basis and is included in the Company’s condensed consolidated statements of operations as follows:
|  |  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  |  | 2024 |  | 2023 |  |
Cost of sales |  |  |  |  |  | $ | 94 |  |  | $ | — |  |  |
Selling, general, and administrative expenses |  |  |  |  |  | 1,839 |  |  | 9,170 |  |  |
Total stock-based compensation expense |  |  |  |  |  | $ | 1,933 |  |  | $ | 9,170 |  |  |
Schedule of Total Unrecognized Stock Based Compensation Related to Unvested Stock Awards | As of March 31, 2024, total unrecognized stock-based compensation related to unvested stock awards was $30.0 million, which will be recognized as follows:
(in thousands) |  |
Remainder of 2024 |  | $ | 9,970 |
2025 |  | 11,302 |
2026 |  | 7,626 |
2027 |  | 1,117 |
Total unrecognized stock-based compensation |  | $ | 30,015 |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the change in unrecognized tax benefits, excluding amounts pertaining to examined tax returns. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482685/740-10-50-15A + Details
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