XML 35 R22.htm IDEA: XBRL DOCUMENT v3.25.3
Noncash Share-based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Noncash Share-based Compensation [Abstract]  
Awards outstanding [Table Text Block] The following table presents the number of shares or units outstanding for each award type as of September 30, 2025 and December 31, 2024 (in thousands) under the Stock Plans: 
Award typeSeptember 30, 2025December 31, 2024
Restricted stock units (time-based)3,587 2,660 
Market stock units671 439 
Schedule of Share-based Compensation Expense The following table summarizes share-based compensation expense included in the Company's unaudited condensed consolidated statements of comprehensive (loss) income for the three and nine months ended September 30, 2025 and 2024 (in thousands):
 Three Months Ended September 30,Nine Months Ended September 30,
 2025202420252024
Share-based compensation:
Cost of revenue$1,089 $1,177 $3,170 $3,396 
Operating expenses:
Selling and marketing (1)
2,634 675 7,922 6,740 
Research and development (1)
2,477 898 7,270 6,543 
General and administrative (2)
7,599 4,521 18,116 13,540 
Total included in operating expenses12,710 6,094 33,308 26,823 
Total share-based compensation expense$13,799 $7,271 $36,478 $30,219 
(1) During the three months ended September 30, 2024, both sales and marketing expense, and research and development expense included a $1.3 million reversal of noncash share-based compensation expense, as certain performance criteria as a condition to vest were not expected to be met.
(2) During the three and nine months ended September 30, 2025, general and administrative expense included higher noncash share-based compensation expense driven by stock awards granted to our new CEO and accelerated expense related to the upcoming retirement of our former CEO.
Market Stock Units Valuation Assumptions The weighted average assumptions used to value the MSUs granted during the nine months ended September 30, 2025 were as follows:
Nine Months Ended September 30, 2025
Volatility50.39 %
Risk-free interest rate4.05 %
Expected award life in years2.98
Dividend yield— %