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Stockholders' Equity (Tables) | 9 Months Ended
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Sep. 30, 2025
Equity [Abstract] |
Stock-Based Compensation Expense | The following table presents stock-based compensation expense in the Company’s condensed consolidated statements of comprehensive income:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
|  | (Amounts in thousands) |
Cost of goods sold |  | $ | 612 |  |  | $ | 396 |  |  | $ | 1,778 |  |  | $ | 1,498 |
Research and development |  |  | 1,657 |  |  |  | 887 |  |  |  | 4,167 |  |  |  | 2,335 |
Selling, general and administrative(1) |  |  | 6,704 |  |  |  | 21,772 |  |  |  | 18,676 |  |  |  | 37,878 |
Total stock-based compensation |  | $ | 8,973 |  |  | $ | 23,055 |  |  | $ | 24,621 |  |  | $ | 41,711 |
(1) Selling, general and administrative stock-based compensation for the three and nine months ended September 30, 2024 includes $17.4 million and $22.4 million, respectively, of expense related to the Equity Modification discussed above.
Summary of Option Activity | Information regarding option activity for the nine months ended September 30, 2025 under the Plans is summarized below:
|  | Shares |  |  | Weighted average exercise price |  |  | Weighted- Average Remaining Contractual Term (in Years) |  |  | Aggregate Intrinsic Value (in Thousands) |
Options outstanding at December 31, 2024 |  |  | 596,206 |  |  | $ | 98.64 |  |  |  |  |  |  |
Granted |  |  | 61,277 |  |  |  | 140.60 |  |  |  |  |  |  |
Exercised |  |  | (46,756 | ) |  |  | 45.81 |  |  |  |  |  |  |
Forfeited/expired/cancelled |  |  | (8,279 | ) |  |  | 191.69 |  |  |  |  |  |  |
Options outstanding at September 30, 2025 |  |  | 602,448 |  |  | $ | 105.73 |  |  |  |  |  |  |
Options exercisable at September 30, 2025 |  |  | 391,694 |  |  | $ | 97.77 |  |  |  |  |  |  |
Vested and expected to vest at September 30, 2025(1) |  |  | 596,708 |  |  | $ | 105.26 |  |  |  | 5.23 |  |  | $ | 27,602 |
(1) Represents the number of vested options as of September 30, 2025 plus the number of unvested options expected to vest as of September 30, 2025 based on the unvested outstanding options at September 30, 2025 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.
Summary of Restricted Stock Unit Activity | Information regarding stock unit activity, which includes activity for restricted stock units and performance stock units, for the nine months ended September 30, 2025 under the Plans is summarized below:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Unvested at December 31, 2024 |  |  | 470,612 |  |  | $ | 162.33 |
Awarded |  |  | 281,410 |  |  |  | 144.23 |
Vested |  |  | (139,681 | ) |  |  | 161.11 |
Forfeited/cancelled |  |  | (41,961 | ) |  |  | 172.55 |
Unvested at September 30, 2025 |  |  | 570,380 |  |  | $ | 154.31 |
Vested and expected to vest at September 30, 2025(1) |  |  | 517,900 |  |  | $ | 153.60 |
(1) Represents the number of vested stock units as of September 30, 2025 plus the number of unvested stock units expected to vest as of September 30, 2025 based on the unvested outstanding stock units at September 30, 2025 adjusted for estimated forfeiture rates of 8% for awards granted to non-executive level employees and 3% for awards granted to executive level employees.

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