v3.26.1
Equity Incentive Plans (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted and Performance Stock Units
A summary of the Company’s RSUs and PSUs as of June 30, 2026 and changes during the six months then ended is presented below: 
Weighted-Weighted-
NumberAverageNumberAverage
of RSUsFair Value RSUs
of PSUs (3)
Fair Value PSUs
Outstanding as of December 31, 2025603,148 $65.08 500,371 $60.05 
Granted232,886 99.47 119,704 100.01 
Vested (1)(2)
(319,026)61.90 (193,351)48.21 
Forfeited(9,235)80.41 (1,411)76.05 
Outstanding as of June 30, 2026507,773 $82.57 425,313 $76.62 

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(1) Based upon the Company’s level of achievement of the applicable performance metrics, the recipients of the 193,351 PSUs that vested during the six months ended June 30, 2026, were entitled to receive 241,882 shares of common stock.
(2) Included 28,428 and 65,490 shares of common stock related to RSUs and PSUs, respectively, that were not delivered as of June 30, 2026.
(3) Number of PSUs reflects 100% of the target level grant and may not be indicative of the performance level expected to be achieved.
Schedule of Shares of Common Stock Issued
Compensation expense recorded related to the Company's RSUs and PSUs in the unaudited condensed consolidated statements of operations was as follows:
Three months endedSix months ended
June 30,June 30,
(in thousands)2026202520262025
RSUs$6,061 $6,183 $10,826 $11,215 
PSUs4,412 2,406 8,227 4,315 
A summary of shares of common stock issued related to the Amended and Restated 2015 Plan, including the impact of any DERs issued in common stock, is presented below:
Six months endedSix months ended
June 30, 2026June 30, 2025
RSUsPSUsRSUsPSUs
Shares of common stock issued315,478 179,370 313,050 121,102 
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations
(116,528)(82,375)(112,821)(53,209)
Net shares of common stock issued198,950 96,995 200,229 67,893 
Cumulative undelivered shares of common stock514,358 607,021 532,225 546,789 
Schedule of Compensation Expense Related to Equity Incentive Plans
The allocation of share-based compensation expense in the unaudited condensed consolidated statements of operations was as follows:
Three months endedSix months ended
June 30,June 30,
(in thousands)2026202520262025
Cost of goods sold$546 $505 $1,049 $978 
Selling, general and administrative9,452 7,658 17,087 13,728 
Research and development475 426 917 824 
Total compensation expense before income tax10,473 8,589 19,053 15,530 
Income tax benefit2,450 1,761 4,549 3,168 
Total compensation expense, net of income tax$8,023 $6,828 $14,504 $12,362