Share-based Compensation

6 Months Ended

Jun. 30, 2025

Share-Based Payment Arrangement [Abstract]

12. SHARE-BASED COMPENSATION

The following table presents share-based compensation expense included in the accompanying condensed consolidated statements of income and comprehensive income:


	Three Months Ended					Six Months Ended
	June 30,					June 30,
(In thousands)	2025		2024			2025		2024
Cost of goods manufactured and sold	$	1,479	$	(279	)	$	3,261	$	2,627
Research and development		6,510		6,021			12,401		16,299
Selling, general and administrative		16,977		14,859			32,114		34,430
Total share-based compensation expense	$	24,966	$	20,601		$	47,776	$	53,356

At each of June 30, 2025 and December 31, 2024, $3.1 million of share-based compensation expense was capitalized and recorded as “Inventory”, and $0.6 million and none, respectively, of share-based compensation expense was capitalized and recorded as “Property, plant and equipment, net” in the accompanying condensed consolidated balance sheets.