v3.25.2
Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation

Share-based compensation expense was as follows (in thousands):

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Share-based compensation expense recognized in:

 

 

 

 

 

 

 

 

 

 

 

 

Cost of products sold, excluding intangible asset amortization

 

$

133

 

 

$

364

 

 

$

251

 

 

$

346

 

Research and development

 

 

116

 

 

 

433

 

 

 

(109

)

 

 

835

 

Selling, general and administrative

 

 

3,825

 

 

 

4,879

 

 

 

7,429

 

 

 

7,969

 

 

 

 

4,074

 

 

 

5,676

 

 

 

7,571

 

 

 

9,150

 

Tax benefit related to awards

 

 

(1,030

)

 

 

(1,454

)

 

 

(1,912

)

 

 

(2,313

)

Total expense, net of tax

 

$

3,044

 

 

$

4,222

 

 

$

5,659

 

 

$

6,837

 
Summary of Stock Option Activity

Stock option activity was as follows:

 

 

For the Six Months Ended June 30, 2025

 

 

 

 

 

Weighted

 

 

Weighted Average

 

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

Number of

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

Stock Options

 

 

Price

 

 

Life (Years)

 

 

Value (in Millions)

 

Outstanding at December 31, 2024

 

 

1,719,363

 

 

$

27.08

 

 

 

 

 

 

 

Forfeited

 

 

(127,716

)

 

 

25.87

 

 

 

 

 

 

 

Outstanding at June 30, 2025

 

 

1,591,647

 

 

$

27.18

 

 

 

4.8

 

 

$

—

 

Exercisable at June 30, 2025

 

 

1,569,144

 

 

$

27.16

 

 

 

4.8

 

 

$

—

 
Summary of Restricted Stock Unit Activity

RSU activity was as follows:

 

 

 

For the Six Months Ended June 30, 2025

 

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

Number of

 

 

Grant Date

 

 

RSUs

 

 

Fair Value

 

Outstanding at December 31, 2024

 

 

1,703,796

 

 

$

15.75

 

Granted

 

 

1,085,555

 

 

 

13.04

 

Vested

 

 

(546,577

)

 

 

17.02

 

Forfeited

 

 

(78,907

)

 

 

15.11

 

Outstanding at June 30, 2025

 

 

2,163,867

 

 

$

14.10