v3.25.2
Share-based compensation
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Share-based compensation

12. Share-based compensation

Components of share-based compensation expense are as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(Unaudited, U.S. Dollars, in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Cost of sales

 

$

468

 

 

$

514

 

 

$

929

 

 

$

1,090

 

Sales, general, and administrative

 

 

6,915

 

 

 

8,883

 

 

 

12,564

 

 

 

16,098

 

Research and development

 

 

441

 

 

 

562

 

 

 

800

 

 

 

1,571

 

Total

 

$

7,824

 

 

$

9,959

 

 

$

14,293

 

 

$

18,759

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(Unaudited, U.S. Dollars, in thousands)

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Stock options

 

$

1,594

 

 

$

1,382

 

 

$

2,463

 

 

$

2,500

 

Market-based stock options

 

 

592

 

 

 

499

 

 

 

1,238

 

 

 

826

 

Time-based restricted stock awards and units

 

 

3,528

 

 

 

6,254

 

 

 

6,522

 

 

 

12,127

 

Market-based / performance-based restricted stock units

 

 

1,650

 

 

 

1,303

 

 

 

3,070

 

 

 

2,141

 

Stock purchase plan

 

 

460

 

 

 

521

 

 

 

1,000

 

 

 

1,165

 

Total

 

$

7,824

 

 

$

9,959

 

 

$

14,293

 

 

$

18,759

 

During the three months ended June 30, 2025, and 2024, the Company issued 0.4 million and 0.6 million shares, respectively, of common stock related to stock purchase plan issuances, stock option exercises, and the vesting of restricted stock awards and units. During the six months ended June 30, 2025, and 2024, the Company issued 1.0 million and 0.9 million shares, respectively, of common stock related to stock purchase plan issuances, stock option exercises, and the vesting of restricted stock awards and units.