v3.26.1
Equity Incentive Plans and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares Available for Grant

A summary of shares available for grant under the Company’s plans is as follows:

 

 

Shares Available
for Grant

 

Total shares available for grant as of December 31, 2025

 

 

9,733,628

 

Nonvested equity stock and stock units granted (1)(2)

 

 

(984,162

)

Nonvested equity stock and stock units forfeited (1)

 

 

503,226

 

Total shares available for grant as of June 30, 2026

 

 

9,252,692

 

 

(1)
For purposes of determining the number of shares available for grant under the 2015 Equity Incentive Plan against the maximum number of shares authorized, each restricted stock unit granted prior to April 27, 2023 reduces the number of shares available for grant by 1.5 shares and each restricted stock unit forfeited increases shares available for grant by 1.5 shares. Each restricted stock unit granted on or after April 27, 2023 reduces the number of shares available for grant by 1.0 share and each restricted stock unit forfeited increases shares available for grant by 1.0 share.
(2)
Amount includes approximately 0.1 million shares that have been reserved for potential future issuance related to certain performance unit awards granted in the second quarter of 2026 and discussed under the section titled “Nonvested Equity Stock and Stock Units” below.
Schedule of Stock-Based Compensation Expenses

Stock-based compensation expense recorded in the Unaudited Condensed Consolidated Statements of Income was as follows:

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

(In thousands)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of revenue

 

$

188

 

 

$

227

 

 

$

327

 

 

$

389

 

Research and development

 

 

6,063

 

 

 

5,397

 

 

 

11,317

 

 

 

9,908

 

Sales, general and administrative

 

 

9,635

 

 

 

8,609

 

 

 

15,695

 

 

 

15,319

 

Total

 

$

15,886

 

 

$

14,233

 

 

$

27,339

 

 

$

25,616

 

Schedule of Nonvested Equity Stock and Stock Units Activity

The following table reflects the activity related to nonvested equity stock and stock units for the six months ended June 30, 2026:

 

Nonvested Equity Stock and Stock Units

 

Shares

 

 

Weighted-
Average
Grant-Date
Fair Value

 

Nonvested as of December 31, 2025

 

 

2,881,829

 

 

$

51.91

 

Granted

 

 

852,251

 

 

$

109.12

 

Vested

 

 

(994,254

)

 

$

48.55

 

Forfeited

 

 

(263,645

)

 

$

55.04

 

Nonvested as of June 30, 2026

 

 

2,476,181

 

 

$

72.62