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Equity Incentive Plans (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Restricted and Performance Stock Units

A summary of the Company’s RSUs and PSUs as of September 30, 2021 and changes during the nine months then ended is presented below: 

												Weighted-												Weighted-
						Number						Average						Number						Average
						of RSUs						Fair Value RSUs						of PSUs						Fair Value PSUs
Outstanding as of December 31, 2020						1,253,173						$	24.33					457,576						$	24.55
Granted						312,807						45.77						145,882						45.36
Vested (1)						(380,097)						25.39						—						—
Forfeited						(61,002)						27.03						(47,210)						28.74
Outstanding as of September 30, 2021						1,124,881						$	29.79					556,248						$	29.65

_______________________________________________________________________________

(1) Includes 120,178 shares of common stock related to RSUs and no shares of common stock related to PSUs that were not delivered as of September 30, 2021.

Schedule of Shares of Common Stock Issued

A summary of shares of common stock issued related to the 2015 Plan, including the impact of any DERs issued in common stock, is presented below:

						Nine months ended												Nine months ended
						September 30, 2021												September 30, 2020
						RSUs						PSUs						RSUs						PSUs
Shares of common stock issued						278,607						—						62,855						789
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations						(89,938)						—						(16,972)						(269)
Net shares of common stock issued						188,669						—						45,883						520
Cumulative undelivered shares of common stock						405,334						—						252,601						—

Schedule of Compensation Expense Recorded in the Consolidated Statement of Operations

Compensation expense recorded related to RSUs and PSUs in the unaudited condensed consolidated statements of operations was as follows:

						Three months ended												Nine months ended
						September 30,												September 30,
(in thousands)						2021						2020						2021						2020
RSUs						$	2,843					$	2,876					$	9,153					$	9,141
PSUs						4,009						634						11,178						444

Schedule of Compensation Expense Related to Equity Incentive Plans

The allocation of share-based compensation expense in the unaudited condensed consolidated statements of operations was as follows:

						Three months ended												Nine months ended
						September 30,												September 30,
(in thousands)						2021						2020						2021						2020
Cost of goods sold						$	315					$	357					$	567					$	985
Selling, general and administrative						6,299						3,090						19,207						8,379
Research and development						398						227						1,048						713
Total compensation expense before income tax						7,012						3,674						20,822						10,077
Income tax benefit						1,610						811						4,722						2,123
Total compensation expense, net of income tax						$	5,402					$	2,863					$	16,100					$	7,954

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Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding.

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