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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Classification of Stock Based Compensation Expense

The following table presents classification of stock-based compensation expense within the consolidated statements of operations:

			Year Ended December 31,
			2024						2023						2022
Cost of sales			$	4,935					$	5,177					$	5,382
Research and development			16,662						15,493						11,816
Sales and marketing			3,902						3,639						2,818
General and administrative			24,404						23,532						19,614
Total stock-based compensation			$	49,903					$	47,841					$	39,630

Restricted stock unit activity

Restricted stock unit activity was as follows:

			Number of Shares						Weighted Average Grant Date Fair Value Per Share
Beginning, January 1, 2024			773,814						$	26.19
Granted			1,244,993						24.78
Vested			(231,188)						29.25
Forfeited			(105,071)						24.71
Balance, December 31, 2024			1,682,548						24.82

Performance-based restricted stock unit activity was as follows:

			Number of Shares						Weighted Average Grant Date Fair Value Per Share
Beginning, January 1, 2024			116,945						$	24.05
Granted			134,850						26.08
Vested			(9,000)						28.55
Forfeited			(54,000)						22.87
Balance, December 31, 2024			188,795						25.62

Summary of Weighted Average Valuation Assumptions Used for Options

Following are the weighted average valuation assumptions used for option awards during the periods presented:

			Year Ended December 31,
			2024						2023						2022
Valuation assumptions
Expected dividend yield			—		%				—		%				—		%
Expected volatility			65		%				66		%				57		%
Expected term (years)			5.32						4.92						4.78
Risk-free interest rate			4.22		%				3.77		%				2.13		%

Summary of Stock Option Activity

Stock option activity was as follows:

			Number of shares						Weighted average exercise price						Weighted average remaining contractual term (years)						Aggregate intrinsic value
Beginning, January 1, 2024			11,274,277						$	30.06
Granted			1,264,176						25.19
Exercised			(169,820)						8.78
Forfeited			(226,832)						31.20
Expired			(220,648)						47.79
Balance, December 31, 2024			11,921,153						29.49						6.31						$	30,996
Exercisable, December 31, 2024			8,873,733						30.14						5.65						$	30,985

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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 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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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.

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

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