v3.26.1
Share-based compensation
6 Months Ended
Jun. 30, 2026
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)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of sales

 

$

462

 

 

$

468

 

 

$

793

 

 

$

929

 

Sales, general, and administrative

 

 

6,864

 

 

 

6,915

 

 

 

12,722

 

 

 

12,564

 

Research and development

 

 

409

 

 

 

441

 

 

 

753

 

 

 

800

 

Total

 

$

7,735

 

 

$

7,824

 

 

$

14,268

 

 

$

14,293

 

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

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

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Stock options

 

$

1,857

 

 

$

1,594

 

 

$

3,088

 

 

$

2,463

 

Market-based stock options

 

 

90

 

 

 

592

 

 

 

277

 

 

 

1,238

 

Time-based restricted stock units

 

 

3,581

 

 

 

3,528

 

 

 

6,466

 

 

 

6,522

 

Market-based / performance-based restricted stock units

 

 

1,829

 

 

 

1,650

 

 

 

3,623

 

 

 

3,070

 

Stock purchase plan

 

 

378

 

 

 

460

 

 

 

814

 

 

 

1,000

 

Total

 

$

7,735

 

 

$

7,824

 

 

$

14,268

 

 

$

14,293

 

During the three months ended June 30, 2026, and 2025, the Company issued 0.3 million and 0.4 million shares, respectively, of common stock related to stock purchase plan issuances, stock option exercises, and the vesting of restricted stock units. During the six months ended June 30, 2026, and 2025, the Company issued 0.9 million and 1.0 million shares, respectively, of common stock related to stock purchase plan issuances, stock option exercises, and the vesting of restricted stock units.