XML 70 R48.htm IDEA: XBRL DOCUMENT v3.25.0.1

Stock-Based Compensation and Other Employee Benefits (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Options Activity

The following table summarizes the collective activity under the plan:

			Number of Options						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Term						Aggregate Intrinsic Value
Outstanding at December 31, 2023			4,255						$	46.932
Granted			792						23.280
Exercised			(97)						9.666
Forfeited			(227)						63.059
Expired			(86)						46.675
Outstanding at December 31, 2024			4,637						$	42.895					6.4 years						$	15,174
Options exercisable at December 31, 2024			2,098						$	29.495					4.8 years						$	13,932
Expected to vest as of December 31, 2024			2,538						$	53.970					7.8 years						$	1,242

The following table sets forth additional disclosures about our plan:

			Year Ended December 31,
			2024						2023						2022
Aggregate intrinsic value of options exercised			$	1,602					$	8,511					$	9,775
Cash received from stock option exercises			$	942					$	2,438					$	3,954
Weighted-average fair value of stock options granted			$	14.16					$	23.99					$	37.87
Stock-based compensation expense (1)			$	14,130					$	10,318					$	15,046
Income tax benefit from stock-based compensation expense			$	105					$	1,102					$	659
(1) Included in selling, general, and administrative expenses in the accompanying consolidated statements of income and includes expense in connection with our ESPP and RSUs.

Schedule of Stock Options Valuation Assumptions

The following table sets forth the significant assumptions used in the model:

			Year Ended December 31,
			2024						2023						2022
Expected dividend yield			—%						—%						—%
Risk-free interest rate			3.78% -4.45%						3.35%-4.44%						1.69%-3.82%
Expected volatility			58%-62%						54%-56%						51%-53%
Expected life			6.5 years						6.5 years						6.5 years

Schedule of Restricted Stock Units

The following table summarizes the activity under the plan:

			Number of Options						Weighted-Average Grant Date Fair Value Per Share
Outstanding at December 31, 2023			52						$	45.90
Granted			122						24.38
Vested			(63)						37.60
Forfeited			(6)						27.98
Outstanding at December 31, 2024			105						$	27.02

Schedule of Defined Contribution Plan Disclosures

The following table sets forth our matching contributions under the plans:

			Year Ended December 31,
			2024						2023						2022
401(k) plan			$	8,090					$	7,561					$	6,974
Group Personal Pension Plan			574						652						290
Registered Retirement Savings Plan			454						429						406
Total matching contributions			$	9,118					$	8,642					$	7,670

X

- Definition

Tabular disclosure of defined contribution pension plans or defined contribution other postretirement plans, separately for pension plans and other postretirement benefit plans.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480794/715-70-50-1

+ Details

Name:	us-gaap_DefinedContributionPlanDisclosuresTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration