Stock-Based Compensation and Other Benefit Plans (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Stock-Based Compensation and Other Benefit Plans |
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| Schedule of stock option activity |
| | | | | | | | | | | | | | | | | Weighted | | Weighted | | | | | | | Average | | Average | | Aggregate | | | | | Exercise | | Contractual | | Intrinsic | | | Number of | | Price | | Remaining Term | | Value | | | Shares | | Per Share | | (in years) | | (in thousands) | Outstanding as of January 1, 2026 | | | 2,153,457 | | $ | 21.42 | | | 5.23 | | $ | 14,520 | Granted | | | — | | | — | | | | | | | Exercised | | | (33,278) | | | 15.58 | | | | | | | Forfeited, expired or cancelled | | | — | | | — | | | | | | | Outstanding as of March 31, 2026 | | | 2,120,179 | | $ | 21.51 | | | 5.01 | | $ | 22,107 | Exercisable as of March 31, 2026 | | | 2,000,971 | | $ | 21.39 | | | 4.90 | | $ | 21,188 | Vested and expected to vest as of March 31, 2026 | | | 2,120,179 | | $ | 21.51 | | | 5.01 | | $ | 22,107 |
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| Schedule of grant date fair values of PSUs granted |
The grant date fair values of the PSUs granted in the three months ended March 31, 2026 were estimated as follows: | | | | | | | | | | | | | | | | | Derived | Hurdle Price | | Number of | | Fair Value | | Service Period | Per Share | | PSUs | | Per Share | | (in years) | $ | 30.00 | | | 6,000 | | $ | 16.53 | | | 0.12 | $ | 33.00 | | | 113,806 | | $ | 22.99-23.51 | | | 0.40-0.42 | $ | 35.00 | | | 6,000 | | $ | 10.36 | | | 0.19 | $ | 38.00 | | | 113,807 | | $ | 21.10-21.61 | | | 0.67-0.69 | $ | 40.00 | | | 9,000 | | $ | 6.22 | | | 0.23 | $ | 43.00 | | | 113,809 | | $ | 19.37-19.83 | | | 0.90-0.92 | $ | 45.00 | | | 9,000 | | $ | 3.63 | | | 0.25 | $ | 48.00 | | | 113,811 | | $ | 17.76-18.20 | | | 1.10-1.11 | | | | | 485,233 | | | | | | |
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| Schedule of performance shares, outstanding activity |
| | | | | | | | | | | Weighted | | | | | Average | | | | | Grant Date | | | Number of | | Fair Value | | | Unvested PSUs | | Per Share | Unvested balance as of January 1, 2026 | | | 379,907 | | $ | 15.69 | Granted | | | 485,233 | | | 19.89 | Vested | | | (23,698) | | | 17.11 | Forfeited | | | — | | | — | Unvested balance as of March 31, 2026 | | | 841,442 | | $ | 18.07 | Vested and expected to vest as of March 31, 2026 | | | 723,030 | | $ | 18.70 |
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| Schedule of restricted stock unit awards activity |
| | | | | | | | | | | Weighted | | | | | Average | | | | | Grant Date | | | Number of | | Fair Value | | | Unvested RSUs | | Per Share | Unvested balance as of January 1, 2026 | | | 29,855 | | $ | 25.12 | Granted | | | 326,619 | | | 26.87 | Vested | | | — | | | — | Forfeited | | | — | | | — | Unvested balance as of March 31, 2026 | | | 356,474 | | $ | 26.72 | Vested and expected to vest as of March 31, 2026 | | | 356,474 | | $ | 26.72 |
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| Summary of stock-based compensation expense |
The following table shows total stock-based compensation expense for stock options, PSUs, RSUs, and ESPP in the condensed consolidated statements of operations (in thousands): | | | | | | | | | Three Months Ended March 31, | | | 2026 | | 2025 | Equity-classified awards | | $ | 1,969 | | $ | 1,983 | Liability-classified awards | | | 312 | | | — | Total stock-based compensation expense | | $ | 2,281 | | $ | 1,983 |
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