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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following summarizes the stock option activity for the nine months ended September 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 | (13,504) |  |  | 9.51 |  |  |  |  |
Forfeited or expired | (937) |  |  | 22.81 |  |  |  |  |
Outstanding as of September 30, 2024 | 83,039 |  |  | $ | 13.17 |  |  | 2.34 |  | $ | 430 |
Options vested and exercisable at September 30, 2024 | 83,039 |  |  | $ | 13.17 |  |  | 2.34 |  | $ | 430 |
Options vested and expected to vest as of September 30, 2024 | 83,039 |  |  | $ | 13.17 |  |  | 2.34 |  | $ | 430 |
Schedule of Restricted Stock Unit Activity | The following summarizes the restricted stock unit (“RSU”) activity for the nine months ended September 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 | 729,780 |  |  | 20.40 |
Vested | (1,448,305) |  |  | 25.27 |
Forfeited | (445,727) |  |  | 16.39 |
Nonvested RSUs as of September 30, 2024 | 3,901,907 |  |  | $ | 16.46 |
Schedule of Total Stock-Based Compensation Expense | The Company recognized total stock-based compensation expense as follows:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
| (In thousands)
Cost of revenue | $ | 352 |  |  | $ | 182 |  |  | $ | 1,123 |  |  | $ | 578 |  |  |
Research and development | 4,606 |  |  | 2,822 |  |  | 14,606 |  |  | 9,278 |  |  |
Sales and marketing | 1,744 |  |  | 1,160 |  |  | 6,014 |  |  | 3,825 |  |  |
General and administrative | 4,747 |  |  | 2,778 |  |  | 13,405 |  |  | 8,644 |  |  |
Total | $ | 11,449 |  |  | $ | 6,942 |  |  | $ | 35,148 |  |  | $ | 22,325 |  |  |

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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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