Stock-Based Incentive Compensation Plans (Tables)
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6 Months Ended |
Jun. 30, 2022 |
| Share-Based Payment Arrangement [Abstract] |
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| Schedule of Stock Option Activity |
The table below summarizes the stock option activity for the six months ended June 30, 2022: | | | | | | | | | | | | | | | | | Number of Shares | | Weighted- Average Exercise Price | | Outstanding as of December 31, 2021 | | 2,009,513 | | | $8.73 | | | | | | Exercised | | (39,267) | | | 5.09 | | Canceled and forfeited | | (14,229) | | | 12.36 | | Outstanding as of June 30, 2022 | | 1,956,017 | | | 10.22 |
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| Schedule of Share-based Payment Award, Equity Instruments Other Than Options, Valuation Assumptions |
The table below summarizes the assumptions used to estimate the grant date fair value of the PSUs granted: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2022 | | Expected volatility of common stock | | | | | | | | | | | 48.9% | to | 58.7% | | Expected volatility of peer companies | | | | | | | | | | | | | 24.2% | to | 152.5% | | Correlation coefficient of peer companies | | | | | | | | | | | (0.13) | to | 1.00 | | Risk-free interest rate | | | | | | | | | | | | | 0.4% | to | 1.2% | | Dividend yield | | | | | | | —% | to | 1.0% |
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| Schedule of Restricted Stock Unit Activity |
The table below summarizes RSU and PSU activity for the six months ended June 30, 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | PSUs | | | Number of Shares | | Weighted Average Grant Date Fair Value | | Number of Shares | | Weighted Average Grant Date Fair Value | | Outstanding as of December 31, 2021 | | 1,566,522 | | $25.17 | | — | | $— | | Granted | | 1,130,467 | | 21.30 | | 155,596 | | 19.50 | | Vested | | (395,489) | | 24.88 | | — | | — | | Canceled and forfeited | | (129,123) | | 23.81 | | — | | — | | Outstanding as of June 30, 2022 | | 2,172,377 | | 23.29 | | 155,596 | | 19.50 |
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| Schedule of Performance-based Restricted Stock Unit Activity Arrangement |
The table below summarizes RSU and PSU activity for the six months ended June 30, 2022: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | RSUs | | PSUs | | | Number of Shares | | Weighted Average Grant Date Fair Value | | Number of Shares | | Weighted Average Grant Date Fair Value | | Outstanding as of December 31, 2021 | | 1,566,522 | | $25.17 | | — | | $— | | Granted | | 1,130,467 | | 21.30 | | 155,596 | | 19.50 | | Vested | | (395,489) | | 24.88 | | — | | — | | Canceled and forfeited | | (129,123) | | 23.81 | | — | | — | | Outstanding as of June 30, 2022 | | 2,172,377 | | 23.29 | | 155,596 | | 19.50 |
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| Schedule of Stock-Based Compensation |
The table below presents the detail of stock-based compensation expense amounts included in the condensed consolidated statements of operations: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | | 2022 | | 2021 | | 2022 | | 2021 | | | (in thousands) | Cost of goods sold | | $ | 117 | | | $ | 129 | | | $ | 238 | | | $ | 303 | | Sales and marketing | | 2,746 | | | 2,125 | | | 5,340 | | | 4,024 | | Research and development | | 664 | | | 404 | | | 1,297 | | | 823 | | General and administrative | | 2,224 | | | 1,599 | | | 4,383 | | | 3,137 | | | | $ | 5,751 | | | $ | 4,257 | | | $ | 11,258 | | | $ | 8,287 | |
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