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Share-Based Compensation Expense (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of stock option award activity

The Company grants stock options to certain employees that will vest over a period of one to four years. A summary of stock option award activity for the years ended December 31, 2023 and 2022 was as follows:

Options						Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term
Outstanding at December 31, 2021						1,217,161						$	11.20					7.2
Granted						5,435						15.60
Exercised						(333,102)						1.92
Cancelled or forfeited						(128,086)						35.36
Outstanding at December 31, 2022						761,408						$	11.12					2.7
Granted						—						—
Exercised						(489,436)						1.94
Cancelled or forfeited						(78,816)						51.48
Outstanding at December 31, 2023						193,156						$	17.89					5.8
Exercisable at December 31, 2023						191,635						$	17.50					5.8

Schedule of Fair Value of Stock Options Assumptions

The fair value of stock options issued during the year ended December 31, 2022 was measured with the following assumptions:

						2022
Expected volatility						78.1-88.2%
Expected term (in years)						6.25
Risk-free interest rate						0.1-1.3%
Expected dividend yield						0.0		%

Schedule of fair value of restricted stock awards

Restricted stock units activity during the years ended December 31, 2023 and 2022 was as follows:

			Number of Shares						Weighted Average Grant Date Fair Value Per Share
Non-vested, at December 31, 2021			75,554						$	48.48
Granted			1,404,870						9.60
Vested			(132,792)						14.40
Cancelled or forfeited			(118,543)						21.60
Non-vested, at December 31, 2022			1,229,089						$	10.40
Granted			693,506						6.36
Vested			(531,029)						12.55
Cancelled or forfeited			(289,471)						10.10
Non-vested, at December 31, 2023			1,102,095						$	7.74

Share-Based Payment Arrangement, Restricted Stock Unit, Activity

The fair value and derived service period of each tranche was as follows:

Stock Price Tranche						Fair Value						Derived Service Period (in years)
$25.84						$8.88						1.72
42.96						8.48						2.71
60.00						8.24						3.30
77.12						7.92						3.70
94.16						7.76						4.11
111.28						7.52						4.42
128.32						7.28						4.64
145.44						7.12						4.78
162.48						6.96						5.00
179.60						6.80						5.10

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Tabular disclosure of share-based payment arrangement.

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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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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.

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