Share-based Compensation

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
(In thousands)	2025		2024		2025		2024
Cost of goods manufactured and sold	$	1,621	$	1,653	$	4,882	$	4,280
Research and development		6,435		6,148		18,836		22,447
Selling, general and administrative		16,608		14,732		48,723		49,162
Total share-based compensation expense	$	24,664	$	22,533	$	72,441	$	75,889

At September 30, 2025 and December 31, 2024, $3.3 million and $3.1 million, respectively, of share-based compensation expense was capitalized and recorded as “Inventory”, and $1.2 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.