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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock-based Compensation Expense

The following table summarizes stock-based compensation expense for the years ended December 31, 2024, 2023 and 2022, respectively:

			Year Ended December 31,
(in thousands)			2024						2023						2022
Stock options and other			$	15,691					$	14,550					$	16,103
Employee stock purchase plan			1,308						1,439						1,442
Total stock-based compensation expense			$	16,999					$	15,989					$	17,545
Cost of revenue			$	1,935					$	1,840					$	2,172
Operating expenses:
Marketing and sales			3,112						3,426						3,295
Research and development			2,721						2,556						2,189
General and administrative			9,231						8,167						9,889
Total stock-based compensation expense			$	16,999					$	15,989					$	17,545

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following table provides the assumptions used in the Black-Scholes option pricing model for the years ended December 31, 2024, 2023 and 2022:

			Year Ended December 31,
			2024						2023						2022
Risk-free interest rate			4.28 - 4.30%						3.55 - 4.55%						1.94 - 3.40%
Expected life (years)			6.25						2 - 6.25						6.25
Expected volatility			50.62 - 53.17%						49.23 - 55.92%						45.95 - 46.03%
Expected dividend yield			0%						0%						0%
Weighted average grant date fair value			$18.17						$16.36						$23.11

Share-Based Payment Arrangement, Option, Activity

The following table summarizes stock option activity and the weighted average exercise price for the years ended December 31, 2024, 2023 and 2022:

			Stock Options						Weighted- Average Exercise Price
Options outstanding at January 1, 2022			233,384						$	97.78
Granted			118,434						48.24
Exercised			(3,114)						30.58
Cancelled			(84,712)						89.32
Options outstanding at December 31, 2022			263,992						79.07
Granted			186,804						33.36
Exercised			—						—
Cancelled			(63,635)						62.44
Expired			(15,848)						55.67
Options outstanding at December 31, 2023			371,313						59.92
Granted			140,405						33.44
Exercised			(1,936)						32.13
Cancelled			(59,552)						61.83
Expired			(5,094)						67.78
Options outstanding at December 31, 2024			445,136						$	51.34
Exercisable at December 31, 2024			183,942						$	70.06

Share-Based Payment Arrangement, Option, Exercise Price Range

The following table summarizes information about stock options outstanding at December 31, 2024:

						Options Outstanding, Vested and Expected to Vest																		Options Exercisable
Range of Exercise Prices						Number Outstanding						Weighted Average Remaining Contractual Life						Weighted Average Exercise Price ($)						Number Exercisable						Weighted Average Exercise Price ($)
$32.13 to $33.68						163,427						8.95						33.14						8,883						32.32
$33.69 to $39.59						145,977						6.53						35.00						67,050						35.07
$39.60 to $180.46						135,732						4.97						90.84						108,009						94.88

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes restricted stock activity for the years ended December 31, 2024, 2023 and 2022:

			Restricted Stock Awards						Weighted- Average Grant Date Fair Value Per Share
Restricted stock at January 1, 2022			343,782						$	111.79
Granted			315,432						42.03
Restrictions lapsed			(130,452)						101.32
Forfeited			(50,166)						96.48
Restricted stock at December 31, 2022			478,596						70.36
Granted			410,682						32.46
Restrictions lapsed			(137,053)						79.61
Forfeited			(98,760)						61.25
Restricted stock at December 31, 2023			653,465						45.89
Granted			377,961						33.50
Restrictions lapsed			(195,831)						54.52
Forfeited			(72,334)						38.40
Restricted stock at December 31, 2024			763,261						$	38.25

Schedule of Nonvested Performance-Based Units Activity

The following table summarizes performance stock activity for the years ended December 31, 2024, 2023 and 2022:

			Performance Stock Awards						Weighted- Average Grant Date Fair Value Per Share
Performance stock at January 1, 2022			16,839						$	115.56
Granted			35,697						96.71
Restrictions lapsed			—						—
Performance change			(13,156)						99.59
Forfeited			(3,578)						121.79
Performance stock at December 31, 2022			35,802						77.91
Granted			71,295						57.79
Restrictions lapsed			—						—
Performance change			—						—
Forfeited			—						—
Performance stock at December 31, 2023			107,097						74.08
Granted			79,436						48.20
Restrictions lapsed			—						—
Performance change			(2,772)						227.14
Forfeited			(3,588)						52.18
Performance stock at December 31, 2024			180,173						$	60.75

Schedule of Share-Based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions

The following table presents the assumptions used to estimate the fair value of the ESPP during the years ended December 31, 2024, 2023 and 2022:

			Year Ended December 31,
			2024						2023						2022
Risk-free interest rate			4.29 - 5.16%						4.60 - 5.16%						0.17 - 4.60%
Expected life (months)			6.00						6.00						6.00
Expected volatility			30.97 - 65.60%						47.38 - 67.84%						47.05 - 67.84%
Expected dividend yield			0%						0%						0%

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