v3.26.1
Employee Stock Benefit Plans
6 Months Ended
Jun. 30, 2026
Disclosure Text Block  
Employee Stock Benefit Plans

9. Employee Stock Benefit Plans

The Company has several share-based compensation plans under which stock options, restricted stock awards, restricted stock units and other share-based awards are available for grant to employees, officers, directors, and consultants of the Company.

The following table summarizes share-based compensation expense (in thousands):

Three Months Ended

Six Months Ended

June 30, 

June 30, 

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Share-based compensation expense:

Research and development

$

1,519

$

1,398

$

2,970

$

2,888

Selling, general and administrative

1,717

3,126

3,919

6,828

Restructuring

99

Total share-based compensation expense included in operating expenses

3,236

4,524

6,889

9,815

Income tax expense (benefit)

(846)

(532)

705

2,909

Total share-based compensation expense, net of tax

$

2,390

$

3,992

$

7,594

$

12,724

 

 

Restructuring expenses include modifications to share-based awards held by employees impacted by certain workforce reductions (Note 11).