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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following summarizes the stock option activity for the six months ended June 30, 2024:
| Number of options outstanding |  | Weighted- average exercise price (Per share) |  | Weighted- average remaining contract life (In years) |  | Aggregate intrinsic value (In thousands)
Outstanding as of December 31, 2023 | 97,480 |  |  | $ | 12.75 |  |  | 2.97 |  | $ | 332 |
Granted | — |  |  | — |  |  |  |  |
Exercised | (12,474) |  |  | 9.50 |  |  |  |  |
Forfeited or expired | — |  |  | — |  |  |  |  |
Outstanding as of June 30, 2024 | 85,006 |  |  | $ | 13.23 |  |  | 2.61 |  | $ | 403 |
Options vested and exercisable at June 30, 2024 | 85,006 |  |  | $ | 13.23 |  |  | 2.61 |  | $ | 403 |
Options vested and expected to vest as of June 30, 2024 | 85,006 |  |  | $ | 13.23 |  |  | 2.61 |  | $ | 403 |
Schedule of Restricted Stock Unit Activity | The following summarizes the restricted stock unit (“RSU”) activity for the six months ended June 30, 2024:
| Number of awards outstanding |  | Weighted-average grant date fair value (Per share)
Nonvested RSUs as of December 31, 2023 | 5,066,159 |  |  | $ | 18.41 |
Granted | 668,891 |  |  | 20.70 |
Vested | (1,171,450) |  |  | 26.37 |
Forfeited | (206,720) |  |  | 16.79 |
Nonvested RSUs as of June 30, 2024 | 4,356,880 |  |  | $ | 16.69 |
Schedule of Stock-Based Compensation Expense | The Company recognized total stock-based compensation expense as follows:
| Three months ended June 30, |  | Six months ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
| (In thousands)
Cost of revenue | $ | 375 |  |  | $ | 204 |  |  | $ | 771 |  |  | $ | 396 |  |  |
Research and development | 4,684 |  |  | 3,315 |  |  | 10,000 |  |  | 6,456 |  |  |
Sales and marketing | 2,105 |  |  | 1,428 |  |  | 4,270 |  |  | 2,665 |  |  |
General and administrative | 4,196 |  |  | 3,058 |  |  | 8,658 |  |  | 5,866 |  |  |
Total | $ | 11,360 |  |  | $ | 8,005 |  |  | $ | 23,699 |  |  | $ | 15,383 |  |  |

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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(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 -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -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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