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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2025

Share-Based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Expensed and Capitalized, Amount

Stock-based compensation expense consists of the following:

			Three Months Ended March 31,
			2025						2024
Cost of goods sold			$	245					$	238
Selling, general, and administrative expenses			12,088						13,810
Total stock-based compensation expense			$	12,333					$	14,048

Share-based Payment Arrangement, Option, Activity

A summary of stock option activity for the three months ended March 31, 2025 is as follows:

			Number of Stock Options						Weighted Average Exercise Price						Weighted average contractual term (years)						Aggregate intrinsic value
Balance at December 31, 2024			1,697						$	5.67					2.6						$	31,459
Granted			—						—
Exercised			(22)						11.35												222
Forfeited			(4)						3.25
Balance at March 31, 2025			1,671						$	5.60					2.4						$	21,100
Exercisable and vested as of March 31, 2025			1,671						$	5.60					2.4						$	21,100

Share-based Payment Arrangement, Restricted Stock Unit, Activity

A summary of RSU activity for the three months ended March 31, 2025 is as follows:

			Number of Restricted Stock Units						Weighted Average Grant Date Fair Value
Unvested as of December 31, 2024			2,740						$	19.81
Granted			1,218						24.17
Forfeited			(78)						15.56
Released			(616)						22.94
Vested and not yet released			(21)						31.74
Unvested as of March 31, 2025			3,243						$	20.88

Schedule of Nonvested Performance-based Units Activity

The PSUs are divided into eight substantially equal tranches, each one vesting on the date the 90-day trailing volume-weighted average trading price of the Company’s Class A common stock exceeds the stock price hurdle, as set forth in the table below, provided that no PSUs may vest prior to the six month anniversary of the Direct Listing.

Tranche						Number of PSUs						Stock Price Hurdle
1						550						$	47.75
2						550						$	55.71
3						550						$	63.67
4						550						$	71.63
5						550						$	79.59
6						550						$	87.55
7						550						$	95.50
8						550						$	103.46

Schedule of Share-Based Compensation Arrangement by Share-Based Payment Award, Achievement Factor

Company TSR rank versus the companies in the Russell 2000 Growth Index						Shares per PSU
Zero through 24th percentile						—
25th through 49th percentile						0.5
50th through 74th percentile						1.0
75th or higher percentile						2.0

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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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-Topic 718
-SubTopic 10
-Section 50
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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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