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Stock Based Compensation | 3 Months Ended
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Mar. 31, 2024
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock Based Compensation | . Stock-Based Compensation — Under the Company’s Equity Incentive Plan of 1993, as amended (“the Plan”), all employees are eligible to receive non-assignable and non-transferable restricted stock (RSUs), options to purchase common stock, and other forms of equity. During the three months ended March 31, 2024 and 2023, the Company's stock-based compensation expense amounted to $2,005 and $1,474, respectively. RSUs A summary of nonvested RSUs outstanding is presented below:
|  | Three Months Ended March 31, 2024 |
|  | Number of Shares |  |  | Weighted Average Grant Date Fair Value |
Nonvested shares at January 1, 2024 |  |  | 949,510 |  |  | $ | 21.28 |
Granted |  |  | 51,832 |  |  |  | 10.28 |
Vested |  |  | (3,712 | ) |  |  | 21.55 |
Forfeited |  |  | (11,379 | ) |  |  | 21.71 |
Nonvested shares at March 31, 2024 |  |  | 986,251 |  |  | $ | 20.69 |
As of March 31, 2024, the total unrecognized stock-based compensation expense related to RSUs outstanding was $6,816 and is expected to be recognized over a weighted-average service period of 1.8 years. Stock Options Time-based Incentive Stock Option Plans - A summary of the time-based inventive stock option activity for the three month ended March 31, 2024 is presented below:
|  | Options outstanding |  |  | Weighted Average Exercise Price Per Share |  |  | Weighted Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Value |
Balance as of January 1, 2024 |  |  | 146,680 |  |  | $ | 11.49 |  |  |  | 1.0 |  |  | $ | — |
Granted |  |  | 680,737 |  |  | $ | 10.29 |  |  |  | 6.8 |  |  | $ | — |
Balance as of March 31, 2024 |  |  | 827,417 |  |  | $ | 10.51 |  |  |  | 5.7 |  |  | $ | 2,022 |
Options vested and exercisable as of March 31, 2024 |  |  | 146,680 |  |  | $ | 11.49 |  |  |  | 0.7 |  |  | $ | 214 |
As of March 31, 2024, the total unrecognized stock-based compensation expense related to stock options outstanding was $2,592 and is expected to be recognized over a weighted-average service period of 2.8 years.

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