XML 52 R38.htm IDEA: XBRL DOCUMENT
v3.26.1

STOCK PLANS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2026
Stockholders' Equity Note [Abstract] |
Schedule of Recognized Stock-Based Compensation Expense | The Company recognized stock-based compensation expense in the periods presented as follows (in thousands):
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2026 |  | 2025 |  | 2026 |  | 2025
Cost of goods sold |  | $ | 1,809 |  |  | $ | 1,682 |  |  | $ | 3,452 |  |  | $ | 3,398 |
Research and development |  | 2,605 |  |  | 2,407 |  |  | 4,435 |  |  | 4,648 |
Selling, general and administrative |  | 10,544 |  |  | 11,383 |  |  | 20,610 |  |  | 21,979 |
Total |  | $ | 14,958 |  |  | $ | 15,472 |  |  | $ | 28,497 |  |  | $ | 30,025 |
Stock-based compensation from: |  |  |  |  |  |  |  |
Stock options |  | $ | 2,941 |  |  | $ | 4,309 |  |  | $ | 5,949 |  |  | $ | 8,749 |
Restricted stock units |  | 11,159 |  |  | 10,681 |  |  | 21,303 |  |  | 20,287 |
Performance share units |  | 560 |  |  | — |  |  | 696 |  |  | — |
Employee stock purchase plan share options |  | 298 |  |  | 482 |  |  | 549 |  |  | 989 |
Total |  | $ | 14,958 |  |  | $ | 15,472 |  |  | $ | 28,497 |  |  | $ | 30,025 |
Schedule of Stock Option Activity and RSU and PSU Activity | The following tables contain information about the Company’s stock option, RSU and PSU activity for the six months ended June 30, 2026:
Stock Options |  | Number of Stock Options |  | Weighted Average Exercise Price (Per Share)
Outstanding at December 31, 2025 |  | 6,374,481 |  |  | $ | 40.65 |
Granted |  | 300,603 |  |  | 22.56 |
Exercised |  | (27,947) |  |  | 16.44 |
Forfeited |  | (90,771) |  |  | 26.77 |
Expired |  | (432,996) |  |  | 44.61 |
Outstanding at June 30, 2026 |  | 6,123,370 |  |  | $ | 39.79 |
|  | Number of |  | Weighted Average Grant Date Fair Value (Per Share)
Stock Awards |  | Restricted Stock Units |  | Performance Share Units |
Unvested at December 31, 2025 |  | 4,160,697 |  |  | — |  |  | $ | 27.87 |
Granted |  | 2,245,413 |  |  | 202,112 |  |  | 21.86 |
Vested |  | (1,205,978) |  |  | — |  |  | 30.60 |
Forfeited |  | (355,041) |  |  | — |  |  | 26.00 |
Unvested at June 30, 2026 |  | 4,845,091 |  |  | 202,112 |  |  | $ | 24.43 |
Schedule of Valuation Assumptions | The fair values of stock options granted were estimated using the Black-Scholes option valuation model with the following weighted average assumptions:
Black-Scholes Weighted Average Assumptions |  | Six Months Ended June 30, 2026
Expected dividend yield |  | None
Risk-free interest rate |  | 4.10%
Expected volatility |  | 56.6%
Expected term of options |  | 5.74 years

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 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

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration