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Equity Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

The following is a summary of stock option activity: (in thousands, except exercise price data and contractual life data):

Options

 

Number of Shares

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Life (Years)

 

 

Aggregate Intrinsic Value

 

Outstanding at December 31, 2021

 

 

351

 

 

$

2.28

 

 

 

0.99

 

 

$

1,577

 

Exercised

 

 

(91

)

 

 

1.71

 

 

 

 

 

 

381

 

Forfeited or cancelled

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding at December 31, 2022

 

 

260

 

 

 

2.48

 

 

 

0.19

 

 

 

605

 

Exercised

 

 

(260

)

 

 

2.48

 

 

 

-

 

 

 

933

 

Forfeited or cancelled

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding at December 31, 2023

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited or cancelled

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Outstanding at December 31, 2024

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Vested and Exercisable at December 31, 2024

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Summary of Nonvested RSUs Activity

The following is a summary of non-vested RSUs activity: (in thousands, except grant date fair value data):

 

 

Number of Shares

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested balance at December 31, 2021

 

 

4,530

 

 

$

5.00

 

Granted

 

 

3,555

 

 

 

5.43

 

Vested

 

 

(3,491

)

 

 

5.10

 

Forfeited or cancelled

 

 

(151

)

 

 

5.35

 

Nonvested balance at December 31, 2022

 

 

4,443

 

 

 

5.26

 

Granted

 

 

4,869

 

 

 

6.06

 

Vested

 

 

(2,686

)

 

 

5.49

 

Forfeited or cancelled

 

 

(269

)

 

 

6.17

 

Nonvested balance at December 31, 2023

 

 

6,357

 

 

 

5.74

 

Granted

 

 

2,929

 

 

 

4.01

 

Vested

 

 

(2,621

)

 

 

5.94

 

Forfeited or cancelled

 

 

(2,080

)

 

 

5.47

 

Nonvested balance at December 31, 2024

 

 

4,585

 

 

 

4.62

 

Summary Of Valuation Model At The Time Of Award Issuance The unobservable significant inputs to the valuation model at the time of award issuance were as follows:

 

 

2024 PSUs

 

 

2023 PSUs

 

Stock price at issuance

 

$

4.38

 

 

$

4.39

 

Expected volatility

 

 

57.0

%

 

 

58.0

%

Risk-free interest rate

 

 

4.01

%

 

 

4.13

%

Expected term

 

 

5.0

 

 

 

5.0

 

Expected dividend yield

 

 

0

%

 

 

0

%

Summary of Non-Vested PSU Activity

The following is a summary of non-vested PSUs activity: (in thousands, except grant date fair value data):

 

 

Number of PSUs

 

 

Weighted-Average Grant Date Fair Value

 

Nonvested balance at December 31, 2022

 

 

-

 

 

$

-

 

Granted

 

 

1,000

 

 

 

3.29

 

Vested

 

 

-

 

 

 

-

 

Forfeited or cancelled

 

 

-

 

 

 

-

 

Nonvested balance at December 31, 2023

 

 

1,000

 

 

 

3.29

 

Granted

 

 

600

 

 

 

3.78

 

Vested

 

 

-

 

 

 

-

 

Forfeited or cancelled

 

 

(400

)

 

 

3.78

 

Nonvested balance at December 31, 2024

 

 

1,200

 

 

 

3.37