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Equity (Tables)

9 Months Ended

Sep. 30, 2022

Summary of changes in Shareholders' Equity

The changes in shareholders’ equity for the three and nine months ended September 30, 2022 were as follows:


						Additional											Total
	Common Stock					Paid- In			Treasury Stock					Accumulated			Shareholders’
	Shares			Amount		Capital			Shares			Amount		Deficit			Equity
Balance, December 31, 2021	35,806,119		$	36		$	502,095		(2,150,717)		$	(42,861)		$	(256,342)		$	202,928
Exercise of common stock options	190,074			—			3,261		—			—			—			3,261
Issuance for employee stock purchase plan	13,421			—			203		—			—			—			203
Vesting of RSUs and PSUs	563,050			—			—		—			—			—			—
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(191,667)			—			(3,382)		—			—			—			(3,382)
Share repurchases from Accelerated Share Repurchase ("ASR") agreement	—			—			5,000		(307,132)			(5,000)			—			—
Stock-based compensation	—			—			6,135		—			—			—			6,135
Net loss	—			—			—		—			—			(13,069)			(13,069)
Balance, March 31, 2022	36,380,997		$	36		$	513,312		(2,457,849)		$	(47,861)		$	(269,411)		$	196,076
Exercise of common stock options	102,283			—			1,545		—			—			—			1,545
Vesting of RSUs and PSUs	111,056			1			—		—			—			—			1
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(26,506)			—			(511)		—			—			—			(511)
Stock-based compensation	—			—			5,692		—			—			—			5,692
Net loss	—			—			—		—			—			(5,191)			(5,191)
Balance, June 30, 2022	36,567,830		$	37		$	520,038		(2,457,849)		$	(47,861)		$	(274,602)		$	197,612
Exercise of common stock options	10,395			—			142		—			—			—			142
Issuance for employee stock purchase plan	9,206			—			134		—			—			—			134
Vesting of RSUs and PSUs	17,644			—			—		—			—			—			—
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(5,777)			—			(106)		—			—			—			(106)
Share repurchases	—			—			—		(366,213)			(6,422)			—			(6,422)
Stock-based compensation	—			—			5,377		—			—			—			5,377
Net income	—			—			—		—			—			457			457
Balance, September 30, 2022	36,599,298		$	37		$	525,585		(2,824,062)		$	(54,283)		$	(274,145)		$	197,194

The changes in shareholders’ equity for the three and nine months ended September 30, 2021 were as follows:


						Additional											Total
	Common Stock					Paid- In			Treasury Stock					Accumulated			Shareholders’
	Shares			Amount		Capital			Shares			Amount		Deficit			Equity
Balance, December 31, 2020	34,612,054		$	35		$	519,143		—		$	—		$	(333,147)		$	186,031
Cumulative effect adjustment for adoption of ASU 2020-06	—			—			(44,777)		—			—			5,288			(39,489)
Exercise of common stock options	289,164			—			4,102		—			—			—			4,102
Issuance for employee stock purchase plan	24,630			—			358		—			—			—			358
Vesting of RSUs and PSUs	413,538			—			—		—			—			—			—
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(135,562)			—			(3,508)		—			—			—			(3,508)
Stock-based compensation	—			—			6,879		—			—			—			6,879
Net income	—			—			—		—			—			15,662			15,662
Balance, March 31, 2021	35,203,824		$	35		$	482,197		—		$	—		$	(312,197)		$	170,035
Exercise of common stock options	273,127			1			4,092		—			—			—			4,093
Vesting of RSUs and PSUs	65,107			—			—		—			—			—			—
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(18,141)			—			(421)		—			—			—			(421)
Stock-based compensation	—			—			6,516		—			—			—			6,516
Net income	—			—			—		—			—			72,843			72,843
Balance, June 30, 2021	35,523,917		$	36		$	492,384		—		$	—		$	(239,354)		$	253,066
Exercise of common stock options	91,268			—			1,337		—			—			—			1,337
Issuance for employee stock purchase plan	19,089			—			397		—			—			—			397
Vesting of RSUs and PSUs	33,098			—			—		—			—			—			—
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(11,179)			—			(220)		—			—			—			(220)
Share repurchases	—			—			—		(859,040)			(17,480)			—			(17,480)
Stock-based compensation	—			—			5,948		—			—			—			5,948
Net income	—			—			—		—			—			8,046			8,046
Balance, September 30, 2021	35,656,193		$	36		$	499,846		(859,040)		$	(17,480)		$	(231,308)		$	251,094