XML 66 R50.htm IDEA: XBRL DOCUMENT v3.25.0.1

Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Option Activity

The table below presents the activity of stock options under the Plan:

						Number of Options						Weighted-Average Grant Date Fair Value per Share						Weighted-Average Exercise Price per Share						Weighted-Average Remaining Contractual Term (Years)
Outstanding as of December 31, 2022						2,153,591						$	2.70					$	7.22					8.60
Expired						(13,001)						3.28						9.86
Forfeited						(37,999)						2.81						7.74
Outstanding as of December 31, 2023						2,102,591						$	2.69					$	7.20					7.42
Exercised						(188,751)						1.87						8.24
Expired						(105,568)						1.77						9.99
Forfeited						(65,330)						2.43						5.98
Outstanding as of December 31, 2024						1,742,942						$	2.64					$	6.96					7.04

Schedule of Monte-Carlo Simulation Following Assumptions

The fair value of PSUs granted under the Plan was estimated on the grant date using the Monte Carlo simulation model with the following assumptions:

			2024 Grants						2023 Grants
Valuation date stock price			$	7.45					$	2.63
Remaining term of performance period			2.47 years						2.49 years
Expected volatility			71.50		%				81.00		%
Risk-free rate of return			4.34		%				4.70		%
Expected annual dividend yield			—		%				—		%

Schedule of Restricted Stock Units Activity

The table below presents the activity of performance-based restricted stock units under the Plan:

						Number of PSUs						Weighted-Average Grant Date Fair Value per Share						Weighted-Average Remaining Contractual Term (in Years)						Aggregate Intrinsic Value
Outstanding as of December 31, 2023						706,097						$	3.15					2.0						$	2,012
Granted						821,365						12.66
Vested						—						—
Forfeited						(67,500)						3.50
Outstanding as of December 31, 2024						1,459,962						$	8.48					1.6						$	24,031

The table below presents the activity of restricted stock units under the Plan:

			Number of RSUs						Weighted-Average Grant Date Fair Value per Share						Weighted-Average Remaining Contractual Term (in Years)						Aggregate Intrinsic Value
Unvested as of December 31, 2022			2,282,778						$	6.30					1.3						$	4,520
Granted			1,846,112						2.62
Vested			(979,810)						6.44
Forfeited			(297,865)						6.33
Unvested as of December 31, 2023			2,851,215						$	3.89					1.2						$	8,126
Granted			1,296,910						6.89
Vested			(1,367,827)						4.76
Forfeited			(338,327)						4.38
Unvested as of December 31, 2024			2,441,971						$	4.93					1.1						$	40,195

Schedule of Stock Compensation Expense

The table below presents the equity-based compensation expense recorded for the following periods:

									Year Ended
															December 31, 2024						December 31, 2023
Cost of sales
ESPP															$	237					$	—
Stock options															15						117
Restricted stock units															1,903						2,540
Performance-based restricted stock units															43						13
Total cost of sales															$	2,198					$	2,670
Selling, general and administrative expenses
ESPP															$	142					$	—
Stock options															1,155						1,578
Restricted stock units															5,117						3,982
Performance-based restricted stock units															2,714						428
Total selling, general and administrative expenses															$	9,128					$	5,988
Total equity-based compensation expense															$	11,326					$	8,658

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 share-based payment arrangement.

+ References

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

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

+ Details

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

X

- Definition

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.

+ References

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

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
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