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Share-Based Compensation (Tables) | 3 Months Ended
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Mar. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Share-based Compensation | Share-based compensation expense was as follows (in thousands):
|  | For the Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Share-based compensation expense recognized in: |  |  |  |  |  |
Cost of products sold, excluding intangible asset amortization |  | $ | (18 | ) |  | $ | 265 |
Research and development |  |  | 401 |  |  |  | 422 |
Selling, general and administrative |  |  | 3,090 |  |  |  | 4,154 |
|  |  | 3,473 |  |  |  | 4,841 |
Tax benefit related to awards |  |  | (861 | ) |  |  | (1,209 | )
Total expense, net of tax |  | $ | 2,612 |  |  | $ | 3,632 |
Summary of Stock Option Activity | Stock option activity was as follows:
|  | Three Months Ended March 31, 2024 |
|  |  |  |  | Weighted |  |  | Weighted Average |  |  |  |
|  |  |  |  | Average |  |  | Remaining |  |  | Aggregate |
|  | Number of |  |  | Exercise |  |  | Contractual |  |  | Intrinsic |
|  | Stock Options |  |  | Price |  |  | Life (Years) |  |  | Value (in Millions) |
Outstanding at December 31, 2023 |  |  | 2,303,143 |  |  | $ | 26.83 |  |  |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |
Exercised |  |  | (1,117 | ) |  |  | 18.58 |  |  |  |  |  |  |
Forfeited |  |  | (82,798 | ) |  |  | 26.10 |  |  |  |  |  |  |
Outstanding at March 31, 2024 |  |  | 2,219,228 |  |  | $ | 26.87 |  |  |  | 5.5 |  |  | $ | — |
Exercisable at March 31, 2024 |  |  | 1,852,652 |  |  | $ | 26.72 |  |  |  | 5.0 |  |  | $ | — |
Summary of Restricted Stock Unit Activity | RSU activity was as follows:
|  | Three Months Ended March 31, 2024 |
|  |  |  |  | Weighted |
|  |  |  |  | Average |
|  | Number of |  |  | Grant Date |
|  | RSUs |  |  | Fair Value |
Outstanding at December 31, 2023 |  |  | 1,942,210 |  |  | $ | 15.13 |
Granted |  |  | 738,939 |  |  |  | 17.58 |
Vested |  |  | (278,865 | ) |  |  | 28.13 |
Forfeited |  |  | (132,728 | ) |  |  | 14.22 |
Outstanding at March 31, 2024 |  |  | 2,269,556 |  |  | $ | 14.38 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- 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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -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
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