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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Restricted Stock Unit Activity

RSU activity for the year ended December 31, 2024 is presented below (in thousands, except per share data):


				Weighted-
				Average
	Number of			Grant Date
	Shares			Fair Value
Unvested at December 31, 2023		999		$	37.66
Granted		891			21.29
Vested		(415	)		37.30
Forfeited		(222	)		30.48
Unvested at December 31, 2024		1,253		$	27.42

Schedule of Stock Option Activity

Stock option activity for the year ended December 31, 2024 is presented below (in thousands, except per share data and contractual term):


				Weighted -		Weighted -
				Average		Average
				Exercise		Remaining		Aggregate
	Number			Price Per		Contractual		Intrinsic
	of Shares			Share		Term (in years)		Value
Outstanding at December 31, 2023		201		$	33.93
Forfeited		(34	)		37.01
Outstanding at December 31, 2024		167		$	33.29		6.54	$	—
Exercisable at December 31, 2024		70		$	33.64		4.27	$	—
Vested and expected to vest at December 31, 2024		167		$	33.29		6.48	$	—

No stock options were granted or exercised during 2024.

Summary of Shares Purchased by Employees Under the Stock Purchase Plan

Shares purchased by employees under the Stock Purchase Plan are as follows (in thousands, except per share data):


	Shares		Purchase
Purchase Period Ended	Purchased		Price
February 29, 2024		73	$	17.14
August 31, 2024		72	$	16.30
February 28, 2023		63	$	27.96
August 31, 2023		63	$	26.04

Schedule of Components of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive loss are as follows (in thousands):


	Marketable Investments			Interest Rate Swap			Translation Adjustment			Total AOCL
Balance at December 31, 2021	$	(25	)	$	(212	)	$	(2,952	)	$	(3,189	)
Foreign currency translation (1)		—			—			(4,807	)		(4,807	)
Unrealized gain (loss) before reclassification, net of tax of $(10)		(134	)		137			—			3
Reclassification to income, net of tax of $(28) (2)		—			75			—			75
Balance at December 31, 2022		(159	)		—			(7,759	)		(7,918	)
Foreign currency translation (1)		—			—			3,248			3,248
Unrealized gain, net of tax of $(33)		99			—			—			99
Balance at December 31, 2023		(60	)		—			(4,511	)		(4,571	)
Foreign currency translation (1)		—			—			(3,496	)		(3,496	)
Reclassification adjustment for write-off of foreign currency translation loss (3)		—			—			232			232
Unrealized gain, net of tax of $(30)		89			—			—			89
Balance at December 31, 2024	$	29		$	—		$	(7,775	)	$	(7,746	)

(1)

The Company does not record tax provisions or benefits for the net changes in foreign currency translation adjustments as it intends to permanently reinvest undistributed earnings of its foreign subsidiaries.

(2)

Reclassification is related to the Company’s interest rate swap (cash flow hedge) and was recorded in interest expense in the Consolidated Statements of Operations. Refer to Note 7 – Derivatives and Hedging.

(3)

The reclassification adjustment for the write-off of a foreign currency translation loss relates to the liquidation of a non-U.S. subsidiary during 2024 and is reported in restructuring costs in the Consolidated Statements of Operations.