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Equity (Tables)

9 Months Ended

Sep. 30, 2023

Summary of changes in Shareholders' Equity

The changes in shareholders’ equity for the three and nine months ended September 30, 2023 were as follows:


						Additional											Accumulated Other			Total
	Common Stock					Paid- In			Treasury Stock					Accumulated			Comprehensive			Shareholders’
	Shares			Amount		Capital			Shares			Amount		Deficit			Loss			Equity
Balance, December 31, 2022	37,084,759		$	37		$	538,073		(3,235,823)		$	(61,924)		$	(281,344)		$	—		$	194,842
Exercise of common stock options	234,132			—			3,848		—			—			—			—			3,848
Issuance for employee stock purchase plan	11,329			—			169		—			—			—			—			169
Vesting of RSUs and PSUs	775,904			1			—		—			—			—			—			1
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(289,281)			—			(7,736)		—			—			—			—			(7,736)
Stock-based compensation	—			—			6,035		—			—			—			—			6,035
Net loss	—			—			—		—			—			(17,426)			—			(17,426)
Balance, March 31, 2023	37,816,843		$	38		$	540,389		(3,235,823)		$	(61,924)		$	(298,770)		$	—		$	179,733
Exercise of common stock options	72,405			—			1,251		—			—			—			—			1,251
Vesting of RSUs and PSUs	73,805			—			—		—			—			—			—			—
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(9,655)			—			(220)		—			—			—			—			(220)
Stock-based compensation	—			—			7,072		—			—			—			—			7,072
Other comprehensive loss, net of tax	—			—			—		—			—			—			(38)			(38)
Net income	—			—			—		—			—			13,007			—			13,007
Balance, June 30, 2023	37,953,398		$	38		$	548,492		(3,235,823)		$	(61,924)		$	(285,763)		$	(38)		$	200,805
Exercise of common stock options	21,185			—			302		—			—			—			—			302
Issuance for employee stock purchase plan	15,176			—			291		—			—			—			—			291
Vesting of RSUs and PSUs	18,207			—			—		—			—			—			—			—
Shares withheld for employee taxes upon vesting of RSUs and PSUs	(7,359)			—			(172)		—			—			—			—			(172)
Share repurchases from Accelerated Share Repurchase ("ASR") agreement	—			—			—		(1,702,852)			(40,000)			—			—			(40,000)
Forward contract on ASR agreement	—			—			(10,000)		—			—			—			—			(10,000)
Stock-based compensation	—			—			7,027		—			—			—			—			7,027
Other comprehensive loss, net of tax	—			—			—		—			—			—			(14)			(14)
Net income	—			—			—		—			—			20,634			—			20,634
Balance, September 30, 2023	38,000,607		$	38		$	545,940		(4,938,675)		$	(101,924)		$	(265,129)		$	(52)		$	178,873

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	—			—			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