XML 40 R32.htm IDEA: XBRL DOCUMENT v3.22.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense Related to Stock Options, PSUs, RSUs and Restricted Stock

The following table summarizes stock-based compensation expense related to stock options, performance stock units (“PSUs”), restricted stock units (“RSUs”) and restricted stock:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(In thousands)

 

2022

 

 

2021

 

Stock-based compensation expense included in cost of revenue

 

$

159

 

 

$

131

 

Selling, general and administrative expense

 

 

1,124

 

 

 

1,098

 

Research and development expense

 

 

610

 

 

 

578

 

Stock-based compensation expense included in operating expenses

 

 

1,734

 

 

 

1,676

 

Total stock-based compensation expense

 

 

1,893

 

 

 

1,807

 

Tax benefit for expense associated with stock options, PSUs, RSUs and restricted stock

 

 

(473

)

 

 

(431

)

Total stock-based compensation expense, net of tax

 

$

1,420

 

 

$

1,376

 

 
Summary of PSUs, RSUs and Restricted Stock Outstanding

The following table summarizes PSUs, RSUs and restricted stock outstanding as of December 31, 2021 and March 31, 2022 and the changes that occurred during the three months ended March 31, 2022:

 

 

 

Number of
Shares
(in thousands)

 

 

Weighted Avg. Grant Date Fair Value
(per share)

 

Unvested PSUs, RSUs and restricted stock outstanding, December 31, 2021

 

 

1,930

 

 

$

14.11

 

PSUs, RSUs and restricted stock granted

 

 

328

 

 

$

20.21

 

PSUs, RSUs and restricted stock vested

 

 

(10

)

 

$

12.36

 

PSUs, RSUs and restricted stock forfeited

 

 

(28

)

 

$

13.72

 

Unvested PSUs, RSUs and restricted stock outstanding, March 31, 2022

 

 

2,220

 

 

$

15.03

 
Summary of Stock Options Outstanding

The following table summarizes stock options outstanding as of December 31, 2021 and March 31, 2022 and the changes that occurred during the three months ended March 31, 2022:

 

 

 

Number of
Stock Options
(in thousands)

 

 

Weighted Avg.
Exercise Price
(per share)

 

 

Weighted Avg.
Remaining
Contractual
Life
(in years)

 

 

Aggregate
Intrinsic Value
(in thousands)

 

Stock options outstanding, December 31, 2021

 

 

1,721

 

 

$

19.37

 

 

 

2.4

 

 

$

6,669

 

Stock options exercised

 

 

(33

)

 

$

17.27

 

 

 

 

 

$

101

 

Stock options expired

 

 

(9

)

 

$

23.18

 

 

 

 

 

$

4

 

Stock options outstanding, March 31, 2022

 

 

1,679

 

 

$

19.39

 

 

 

2.2

 

 

$

1,758

 

Stock options exercisable, March 31, 2022

 

 

1,679

 

 

$

19.39

 

 

 

2.2

 

 

$

1,758