Stockholders' Equity |
Stockholders’ Equity In March 2025, the Company's Board of Directors authorized a stock repurchase program (the "Repurchase Program") effective March 21, 2025, whereby the Company may purchase up to $40.0 million in shares of its common stock over a period of up to two years. The amount and timing of share repurchases under the Repurchase Program may be carried out at the discretion of the Company's management through various methods in compliance with applicable state and federal securities laws. The Company repurchased 1.8 million shares of its common stock under the Repurchase Program during the six months ended June 30, 2025. The reconciliation of the changes in stockholders' equity for the three and six months ended June 30, 2025 and 2024 is as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Paid-in Capital | | Accumulated Other Comprehensive Loss | | Accumulated Deficit | | Total | | Shares | | Amount | | | | | Balance at December 31, 2024 | 74,598 | | $ | — | | | $ | 538,129 | | | $ | (24,360) | | | $ | (103,431) | | | $ | 410,338 | | | | | | | | | | | | | | Vesting of restricted stock and performance stock units | 768 | | — | | | — | | | — | | | — | | | — | | Purchase and retirement of common shares | (252) | | — | | | (941) | | | — | | | — | | | (941) | | Stock-based compensation | — | | — | | | 2,687 | | | — | | | — | | | 2,687 | | Net loss | — | | — | | | — | | | — | | | (16,040) | | | (16,040) | | Currency translation adjustments | — | | — | | | — | | | 238 | | | — | | | 238 | | | | | | | | | | | | | | Balance at March 31, 2025 | 75,114 | | $ | — | | | $ | 539,875 | | | $ | (24,122) | | | $ | (119,471) | | | $ | 396,282 | | | | | | | | | | | | | | Vesting of restricted stock and performance stock units | 713 | | — | | | — | | | — | | | — | | | — | | Purchase and retirement of common shares | (271) | | — | | | (784) | | | — | | | — | | | (784) | | Stock-based compensation | — | | — | | | 3,165 | | | — | | | — | | | 3,165 | | Repurchase of common stock | (1,821) | | — | | | (5,000) | | | — | | | — | | | (5,000) | | Net loss | — | | — | | | — | | | — | | | (19,693) | | | (19,693) | | Currency translation adjustments | — | | — | | | — | | | 6,751 | | | — | | | 6,751 | | | | | | | | | | | | | | Balance at June 30, 2025 | 73,735 | | $ | — | | | $ | 537,256 | | | $ | (17,371) | | | $ | (139,164) | | | $ | 380,721 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Paid-in Capital | | Accumulated Other Comprehensive Loss | | Accumulated Deficit | | Total | | Shares | | Amount | | | | | Balance at December 31, 2023 | 73,528 | | $ | — | | | $ | 529,543 | | | $ | (14,941) | | | $ | (83,931) | | | $ | 430,671 | | Common stock issued upon exercise of options | 32 | | — | | | 214 | | | — | | | — | | | 214 | | Vesting of restricted stock and performance stock units | 593 | | — | | | — | | | — | | | — | | | — | | Purchase and retirement of common shares | (194) | | — | | | (1,462) | | | — | | | — | | | (1,462) | | Stock-based compensation | — | | — | | | 2,968 | | | — | | | — | | | 2,968 | | Net loss | — | | — | | | — | | | — | | | (3,584) | | | (3,584) | | Currency translation adjustments | — | | — | | | — | | | (2,556) | | | — | | | (2,556) | | | | | | | | | | | | | | Balance at March 31, 2024 | 73,959 | | $ | — | | | $ | 531,263 | | | $ | (17,497) | | | $ | (87,515) | | | $ | 426,251 | | Vesting of restricted stock and performance stock units | 1,033 | | — | | | — | | | — | | | — | | | — | | Purchase and retirement of common shares | (424) | | — | | | (1,984) | | | — | | | — | | | (1,984) | | Stock-based compensation | — | | — | | | 3,322 | | | — | | | — | | | 3,322 | | Net loss | — | | — | | | — | | | — | | | (615) | | | (615) | | Currency translation adjustments | — | | — | | | — | | | (1,134) | | | — | | | (1,134) | | Balance at June 30, 2024 | 74,568 | | $ | — | | | $ | 532,601 | | | $ | (18,631) | | | $ | (88,130) | | | $ | 425,840 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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