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Employee Benefits and Share-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-Based Compensation Expense | The following table sets forth the total share-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Operations:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2026 |  | 2025 |  | 2026 |  | 2025
| (In thousands)
Cost of product and service revenues | $ | 1,655 |  |  | $ | 1,207 |  |  | $ | 2,904 |  |  | $ | 2,925 |
Research and development | 937 |  |  | 1,022 |  |  | 1,670 |  |  | 2,242 |
Selling, general, and administrative | 9,615 |  |  | 8,301 |  |  | 17,131 |  |  | 16,149 |
Total share-based compensation expense | $ | 12,207 |  |  | $ | 10,530 |  |  | $ | 21,705 |  |  | $ | 21,316 |
Schedule of Assumptions Used to Value ESPP Shares | The following assumptions were used to value shares under the ESPP:
|  |  | Three and Six Months Ended June 30,
|  |  |  |  | 2026 |  | 2025
Expected life, years |  |  |  |  | 0.5 - 2.0 |  | 0.5 - 2.0
Expected volatility, % |  |  |  |  | 47.3% - 58.7% |  | 45.8% - 58.7%
Risk-free interest rate, % |  |  |  |  | 3.6% - 4.7% |  | 4.1% - 5.2%
Dividend yield, % |  |  |  |  | — | % |  | — | %
Schedule of Share Option Activity | The following table summarizes the stock option activity under the 2009 Plan:
| Number of Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Years |  | Aggregate Intrinsic Value
| (In thousands, except per share data)
Outstanding at December 31, 2025 | 1,353 |  |  | $ | 68.10 |  |  | 3.2 |  | $ | 1,787 |
Granted | — |  |  | — |  |  |  |  |
Exercised | (5) |  |  | 32.31 |  |  |  |  |
Expired | — |  |  | — |  |  |  |  |
Forfeited | (74) |  |  | 76.22 |  |  |  |  |
Outstanding at June 30, 2026 | 1,274 |  |  | $ | 67.78 |  |  | 2.5 |  | $ | 875 |
Exercisable at June 30, 2026 | 1,274 |  |  | $ | 67.78 |  |  | 2.5 |  | $ | 875 |
Vested and expected to vest at June 30, 2026 and thereafter | 1,274 |  |  | $ | 67.78 |  |  | 2.5 |  | $ | 875 |
Schedule of Restricted Stock Unit Activity | The following table summarizes the RSU activity under the 2009 Plan:
| Number of Shares |  | Weighted-Average Grant Date Fair Value |  | Weighted-Average Remaining Years |  | Aggregate Intrinsic Value
| (In thousands, except per share data)
Outstanding at December 31, 2025 | 1,661 |  |  | $ | 39.65 |  |  | 1.5 |  | $ | 75,261 |
Granted | 818 |  |  | 34.32 |  |  |  |  |
Vested | (250) |  |  | 49.78 |  |  |  |  |
Forfeited | (156) |  |  | 38.67 |  |  |  |  |
Outstanding and unvested at June 30, 2026 | 2,073 |  |  | $ | 36.33 |  |  | 1.4 |  | $ | 86,061 |
Schedule of Performance-Based Restricted Stock Activity | The following table summarizes the PSU activity under the 2009 Plan:
| Number of Shares |  | Weighted-Average Grant Date Fair Value
| (In thousands, except per share data)
Outstanding at December 31, 2025 | 294 |  |  | $ | 30.56 |
Granted | 199 |  |  | 50.89 |
Vested | (82) |  |  | 30.78 |
Forfeited | — |  |  | — |
Outstanding and unvested at June 30, 2026 | 411 |  |  | $ | 40.39 |
Schedule of Ordinary Shares Reserved for Future Issuance Under Equity Incentive Plans | The Company had the following ordinary shares reserved for future issuance under its equity incentive plans as of June 30, 2026:
| Number of Shares
| (In thousands)
Stock options outstanding | 1,274 |
Non-vested restricted stock awards | 2,522 |
Shares authorized for future issuance | 4,098 |
ESPP shares available for future issuance | 1,802 |
Total shares reserved for future issuance | 9,696 |

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