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Stock-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Information With Respect to Stock Options | The below tables present information with respect to stock options:
(in thousands, except for exercise price) |  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2023 |  |  | 1,029 |  |  | $ | 12.82 |  |  |  |
Options exercised |  |  | (97 | ) |  |  | 10.73 |  |  |  |
Options canceled/forfeited |  |  | (12 | ) |  |  | 13.40 |  |  |  |
Outstanding at December 31, 2023 |  |  | 920 |  |  | $ | 13.04 |  |  | $ | 28,053 |
Vested and expected to vest at December 31, 2023 |  |  | 920 |  |  | $ | 13.04 |  |  | $ | 28,046 |
Total shares exercisable at December 31, 2023 |  |  | 898 |  |  | $ | 13.12 |  |  | $ | 27,299 |
Shares remaining available for future grant |  |  | — |  |  |  |  |  |  |  |  |
(in thousands, except for grant date fair value) |  | 2023 |  |  | 2022 |  |  | 2021 |
Option expense recorded, in thousands, for the year ended December 31, |  | $ | 2,813 |  |  | $ | 5,640 |  |  | $ | 9,497 |
Weighted average grant date fair value |  | $ | — |  |  | $ | — |  |  | $ | 60.48 |
Total intrinsic value of stock options exercised, in thousands, for the year ended December 31, |  | $ | 2,700 |  |  | $ | 3,663 |  |  | $ | 5,927 |
Cash received for options exercised |  | $ | 1,069 |  |  | $ | 1,286 |  |  | $ | 1,156 |
Schedule of Assumptions for Fair Value of Options at the Date of the Grant | Issuance date fair value of the Warrant was determined to be $14.3 million based on using the Black-Scholes model with the following assumptions:
Expected term |  | 5.0 years |
Risk free interest rate |  |  | 0.85 | %
Expected volatility |  |  | 53.78 | %
Expected dividend yield |  | None |
Fair value (per warrant) |  | $ | 28.65 |
The fair value of options at the date of the grant was estimated using the Black-Scholes model with the following assumptions for the period ending December 31, 2021:
|  | 2021 |
Expected option life |  | 3.1 years |
Weighted average risk-free interest rate |  |  | 0.4 | %
Weighted average expected volatility |  |  | 56.5 | %
Expected dividend yield |  | None |
Schedule of Share-based Compensation by Exercise Price Range | Stock options outstanding at December 31, 2023 are summarized as follows:
Range of exercise prices |  | Number outstanding (in thousands) |  | Weighted average remaining life
$0.73 - $35.26 |  | 920 |  | 5.95 years
Summary of Restricted Stock Awards Activity | Current year activity with respect to the Company’s non-vested RSUs is as follows:
(in thousands, except weighted average fair value) |  | Shares |  |  | Weighted Average grant- date fair value |
Balance at January 1, 2023 |  |  | 512 |  |  | $ | 35.96 |
Granted |  |  | 625 |  |  |  | 35.74 |
Vested |  |  | (210 | ) |  |  | 34.10 |
Canceled/forfeited |  |  | (88 | ) |  |  | 38.17 |
Balance at December 31, 2023 |  |  | 839 |  |  | $ | 35.83 |
The below table presents information with respect to RSUs:
(in thousands) |  | 2023 |  |  | 2022 |  |  | 2021 |
Service-based RSU |  | $ | 9,189 |  |  | $ | 6,615 |  |  | $ | 3,172 |
Performance-based RSU |  |  | 2,257 |  |  |  | 845 |  |  |  | 774 |
Total stock-based compensation expense related to RSUs |  | $ | 11,446 |  |  | $ | 7,460 |  |  | $ | 3,946 |

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