XML 40 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
Pay versus Performance Table
References to “PEO 1” and “PEO 2” in the Pay versus Performance Table below (the “PVP Table”) refer, respectively, to Stephen D. Kelley, who served as our CEO from January 1, 2020 through June 16, 2020, and Mr. Rutten, who has served as our CEO since June 17, 2020.
 
Fiscal Year
  
Summary
Compensation
Table Total
for PEO 1
($)(1)
  
Compensation
Actually Paid
to PEO 1
($)(1)(5)
  
Summary
Compensation
Table Total
for PEO 2
($)(1)
  
Compensation
Actually Paid
for PEO 2
($)(1)(5)
  
Average
Summary
Compensation
Table Total
for
Non-PEO

NEOs ($)(2)
  
Average
Compensation
Actually Paid
to
Non-PEO

NEOs
($)(2)(5)
  
Value of Initial Fixed
$100 Investment Based
on:
  
Net
Income
($)
  
Revenue
($)
 
Total
Shareholder
Return
($)(3)
  
Peer Group
Total
Shareholder
Return
($)(3)(4)
2024
     0        0      16,639,730   14,238,772   2,663,609   2,143,991   209.15   287.31   355,535   6,317,692
2023
     0       0     12,844,246    9,731,165   2,179,187   1,688,755   263.98   238.72   362,131   6,503,065
2022
     0       0      3,557,653    2,422,045   1,696,477   1,525,867   188.13   142.94   767,042   7,091,585
2021
     0       0      3,832,635    9,781,399   1,614,653   2,716,806   192.55   219.51   645,607   6,138,329
2020
     3,089,209       3,055,134      9,736,145    9,951,398   1,009,893   1,045,233   116.30   153.66   340,499   5,050,589
 
Notes
 
(1)
For 2020, the amounts include compensation data for Mr. Kelley and Mr. Rutten, each of whom served as CEO of the Company during 2020. For all other years, Mr. Rutten was the CEO for the entire year.
 
(2)
Includes compensation data for NEOs other than the CEO as follows: (i) for 2020 - Ms. Faust, Mr. Rogers, YoungKuk Park, and John C. Stone; (ii) for 2021 - Ms. Faust, Mr. Rogers, Mr. Haghighi, and Mr. Stone; (iii) for 2022 - Ms. Faust, Mr. Rogers, Mr. Haghighi, and Steve Shin; and (iv) for 2023 and 2024 - Ms. Faust, Mr. Rogers, Mr. Haghighi, and Mr. Engel.
 
(3)
Total shareholder return (“TSR”) data include amounts associated with the reinvestment of dividends.
 
(4)
The peer group TSR set forth in the PVP Table utilizes the SOX, which the Company uses in the stock performance graph required by Item 201(e) of Regulation
S-K
(“Regulation
S-K”)
promulgated under the Securities Act of 1933, as amended. The amounts reported are based on a hypothetical investment of $100 in the common stock of the Company on December 31, 2019.
 
(5)
Amounts included in this column were calculated based on the following adjustments:
 
   
PEO 1 ($)
  
   
2024
  
2023
  
2022
  
2021
  
2020
  
Summary Compensation Table Total
   —   —   —   —     3,089,209  
Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
   —   —   —   —     —  
Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
   —   —   —   —     —  
Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
   —   —   —   —     69,280  
Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested during Fiscal Year
   —   —   —   —     —  
Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied during Fiscal Year
   —   —   —   —     (103,355 ) 
Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions during Fiscal Year
   —   —   —   —     —  
Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
   —   —   —   —     —  
 
 
  
 
  
 
  
 
  
 
 
  
Compensation Actually Paid (“CAP”)
   —   —   —   —     3,055,134  
 
 
  
 
  
 
  
 
  
 
 
  
 
   
PEO 2 ($)
  
   
2024
    
2023
    
2022
    
2021
    
2020
  
Summary Compensation Table Total
     16,639,730       12,844,246       3,557,653       3,832,635       9,736,145  
Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
     (11,698,245 )      (10,831,472 )      (966,460 )      (1,147,500 )      (7,730,025 ) 
Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
     9,618,839       6,806,221       1,022,607       873,600       7,396,528  
Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
     (460,683 )      294,201       (91,130 )      4,289,305       103,252  
Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested during Fiscal Year
     —       —       —       335,100       502,633  
Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied during Fiscal Year
     139,131       617,969       (1,100,625 )      1,598,259       (57,135 ) 
Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions during Fiscal Year
     —       —       —       —       —  
Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
     —       —       —       —       —  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
CAP
     14,238,772       9,731,165       2,422,045       9,781,399       9,951,398  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
   
Non-PEO
NEOs ($)
  
   
2024
    
2023
    
2022
    
2021
    
2020
  
Summary Compensation Table Total
     2,663,609       2,179,187       1,696,477       1,614,653       1,009,893  
Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
     (1,668,342 )      (1,328,599 )      (745,259 )      (528,835 )      —  
Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
     1,307,059       658,207       584,285       856,121       —  
Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
     (89,670 )      106,092       41,724       443,079       106,325  
Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested during Fiscal Year
     —       —       —       —       —  
Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied during Fiscal Year
     (68,665 )      73,868       (51,360 )      331,788       (70,985 ) 
 
   
Non-PEO
NEOs ($)
  
   
2024
    
2023
    
2022
    
2021
    
2020
  
Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions during Fiscal Year
     —       —       —       —       —  
Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
     —       —       —       —       —  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
CAP
     2,143,991       1,688,755       1,525,867       2,716,806       1,045,233  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
        
Company Selected Measure Name Revenue        
Named Executive Officers, Footnote Includes compensation data for NEOs other than the CEO as follows: (i) for 2020 - Ms. Faust, Mr. Rogers, YoungKuk Park, and John C. Stone; (ii) for 2021 - Ms. Faust, Mr. Rogers, Mr. Haghighi, and Mr. Stone; (iii) for 2022 - Ms. Faust, Mr. Rogers, Mr. Haghighi, and Steve Shin; and (iv) for 2023 and 2024 - Ms. Faust, Mr. Rogers, Mr. Haghighi, and Mr. Engel.        
Peer Group Issuers, Footnote The peer group TSR set forth in the PVP Table utilizes the SOX, which the Company uses in the stock performance graph required by Item 201(e) of Regulation
S-K
(“Regulation
S-K”)
promulgated under the Securities Act of 1933, as amended. The amounts reported are based on a hypothetical investment of $100 in the common stock of the Company on December 31, 2019. 		       
Adjustment To PEO Compensation, Footnote
   
PEO 1 ($)
  
   
2024
  
2023
  
2022
  
2021
  
2020
  
Summary Compensation Table Total
   —   —   —   —     3,089,209  
Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
   —   —   —   —     —  
Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
   —   —   —   —     —  
Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
   —   —   —   —     69,280  
Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested during Fiscal Year
   —   —   —   —     —  
Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied during Fiscal Year
   —   —   —   —     (103,355 ) 
Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions during Fiscal Year
   —   —   —   —     —  
Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
   —   —   —   —     —  
 
 
  
 
  
 
  
 
  
 
 
  
Compensation Actually Paid (“CAP”)
   —   —   —   —     3,055,134  
 
 
  
 
  
 
  
 
  
 
 
  
 
   
PEO 2 ($)
  
   
2024
    
2023
    
2022
    
2021
    
2020
  
Summary Compensation Table Total
     16,639,730       12,844,246       3,557,653       3,832,635       9,736,145  
Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
     (11,698,245 )      (10,831,472 )      (966,460 )      (1,147,500 )      (7,730,025 ) 
Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
     9,618,839       6,806,221       1,022,607       873,600       7,396,528  
Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
     (460,683 )      294,201       (91,130 )      4,289,305       103,252  
Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested during Fiscal Year
     —       —       —       335,100       502,633  
Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied during Fiscal Year
     139,131       617,969       (1,100,625 )      1,598,259       (57,135 ) 
Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions during Fiscal Year
     —       —       —       —       —  
Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
     —       —       —       —       —  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
CAP
     14,238,772       9,731,165       2,422,045       9,781,399       9,951,398  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
        
Non-PEO NEO Average Total Compensation Amount $ 2,663,609 $ 2,179,187 $ 1,696,477 $ 1,614,653 $ 1,009,893
Non-PEO NEO Average Compensation Actually Paid Amount $ 2,143,991 1,688,755 1,525,867 2,716,806 1,045,233
Adjustment to Non-PEO NEO Compensation Footnote
   
Non-PEO
NEOs ($)
  
   
2024
    
2023
    
2022
    
2021
    
2020
  
Summary Compensation Table Total
     2,663,609       2,179,187       1,696,477       1,614,653       1,009,893  
Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal Year
     (1,668,342 )      (1,328,599 )      (745,259 )      (528,835 )      —  
Fair Value at Fiscal
Year-End
of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
     1,307,059       658,207       584,285       856,121       —  
Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
     (89,670 )      106,092       41,724       443,079       106,325  
Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested during Fiscal Year
     —       —       —       —       —  
Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years for Which Applicable Vesting Conditions Were Satisfied during Fiscal Year
     (68,665 )      73,868       (51,360 )      331,788       (70,985 ) 
 
   
Non-PEO
NEOs ($)
  
   
2024
    
2023
    
2022
    
2021
    
2020
  
Fair Value as of Prior Fiscal
Year-End
of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions during Fiscal Year
     —       —       —       —       —  
Value of Dividends or Other Earnings Paid on Stock or Option Awards Not Otherwise Reflected in Fair Value or Total Compensation
     —       —       —       —       —  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
CAP
     2,143,991       1,688,755       1,525,867       2,716,806       1,045,233  
 
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
        
Compensation Actually Paid vs. Total Shareholder Return
CAP versus TSR
The table below discloses information reflecting the relationship between the CAP to our NEOs and the Company’s TSR. CAP generally increases in years when our stock price increases and is lower in years when the stock price decreases.
 
LOGO
 
        
Compensation Actually Paid vs. Net Income
CAP versus Net Income
The table below discloses information reflecting the relationship between the CAP to our NEOs and the Company’s net income.
 
LOGO
       
Compensation Actually Paid vs. Company Selected Measure
CAP versus
Revenue
The table below discloses information reflecting the relationship between the CAP to our NEOs and the Company’s revenue.
 
LOGO
 
        
Total Shareholder Return Vs Peer Group
CAP versus TSR
The table below discloses information reflecting the relationship between the CAP to our NEOs and the Company’s TSR. CAP generally increases in years when our stock price increases and is lower in years when the stock price decreases.
 
LOGO
 
        
Tabular List, Table
Most Important Performance Measures
The list below contains the financial performance measures that the Company considers the most important in linking CAP to our PEO and other NEOs, for 2024, to Company performance. The below financial performance measures are not ranked.
 
Performance Measures
Revenue
Operating Income
Earnings Per Share
        
Total Shareholder Return Amount $ 209.15 263.98 188.13 192.55 116.3
Peer Group Total Shareholder Return Amount 287.31 238.72 142.94 219.51 153.66
Net Income (Loss) $ 355,535 $ 362,131 $ 767,042 $ 645,607 $ 340,499
Company Selected Measure Amount 6,317,692 6,503,065 7,091,585 6,138,329 5,050,589
Measure:: 1          
Pay vs Performance Disclosure          
Name Revenue        
Measure:: 2          
Pay vs Performance Disclosure          
Name Operating Income        
Measure:: 3          
Pay vs Performance Disclosure          
Name Earnings Per Share        
Mr. Kelley [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount $ 0 $ 0 $ 0 $ 0 $ 3,089,209
PEO Actually Paid Compensation Amount 0 0 0 0 $ 3,055,134
PEO Name         Mr. Kelley
Mr. Rutten [Member]          
Pay vs Performance Disclosure          
PEO Total Compensation Amount 16,639,730 12,844,246 3,557,653 3,832,635 $ 9,736,145
PEO Actually Paid Compensation Amount $ 14,238,772 $ 9,731,165 $ 2,422,045 $ 9,781,399 $ 9,951,398
PEO Name Mr. Rutten Mr. Rutten Mr. Rutten Mr. Rutten Mr. Rutten
PEO | Mr. Kelley [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0
PEO | Mr. Kelley [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Mr. Kelley [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 69,280
PEO | Mr. Kelley [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Mr. Kelley [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 (103,355)
PEO | Mr. Kelley [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Mr. Kelley [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Mr. Rutten [Member] | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (11,698,245) (10,831,472) (966,460) (1,147,500) (7,730,025)
PEO | Mr. Rutten [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 9,618,839 6,806,221 1,022,607 873,600 7,396,528
PEO | Mr. Rutten [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (460,683) 294,201 (91,130) 4,289,305 103,252
PEO | Mr. Rutten [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 335,100 502,633
PEO | Mr. Rutten [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 139,131 617,969 (1,100,625) 1,598,259 (57,135)
PEO | Mr. Rutten [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
PEO | Mr. Rutten [Member] | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,668,342) (1,328,599) (745,259) (528,835) 0
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,307,059 658,207 584,285 856,121 0
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (89,670) 106,092 41,724 443,079 106,325
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (68,665) 73,868 (51,360) 331,788 (70,985)
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0 0 0 0 0
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0 $ 0 $ 0 $ 0 $ 0