Shareholders' Equity |
6 Months Ended |
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Jun. 30, 2026 | |
| Equity [Abstract] | |
| Shareholders' Equity | Shareholders’ Equity Share Repurchase Program On July 30, 2025, the Company’s board of directors authorized an extension of our general share repurchase program of the Company’s Class A common stock of up to $50.0 million, with a 36-month expiration. These Class A common stock repurchases may occur in transactions that may include, without limitation, tender offers, open market purchases, accelerated share repurchases, negotiated block purchases, and transactions effected through plans under Rule 10b5-1 of the Securities Exchange Act of 1934. The timing and actual amount of shares repurchased will depend on a variety of different factors and may be modified, suspended or terminated at any time at the discretion of the board of directors. There have been no repurchases executed to date. Warrant Agreements with Customers The Company previously disclosed the terms of its warrant agreements with Amazon.com, Inc. (“Amazon”) and Walmart Inc. (“Walmart”) in its Annual Report on Form 10‑K for the year ended December 31, 2025. The Amazon warrants expire on January 28, 2033 and the Walmart warrants expire on August 22, 2035. There were no changes to the terms of the agreements during the six months ended June 30, 2026. A total of 168,449 and 505,347 additional shares vested under the Amazon warrant agreement during the three and six months ended June 30, 2026, respectively. No additional shares were vested under the Walmart warrant agreement, and no shares were exercised under either agreement during the three and six months ended June 30, 2026. As of June 30, 2026 and December 31, 2025, 3,387,687 and 2,882,340 shares were vested and outstanding, respectively, under the Amazon warrant agreement. As of June 30, 2026 and December 31, 2025, 2,250,000 shares were vested and outstanding under the Walmart warrant agreement. We recognized the provision for warrants as a reduction of net sales of $1.7 million and $1.2 million for the three months ended June 30, 2026 and 2025, respectively, and $3.4 million and $2.0 million for the six months ended June 30, 2026 and 2025, respectively.
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