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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was recorded in the following cost and expense categories consistent with the respective employee or service provider’s related cash compensation (in thousands):
Three months ended September 30,Nine months ended September 30,
2024202320242023
Cost of revenue
Subscription and support
$2,164 $1,247 $5,708 $3,732 
Professional services
858 623 2,348 1,923 
Operating expenses
Research and development
5,681 4,155 15,474 13,677 
Sales and marketing
9,942 7,108 26,470 20,769 
General and administrative
8,825 6,244 25,879 37,928 
Total
$27,470 $19,377 $75,879 $78,029 
Schedule of Stock-Option Activity
The following table summarizes the option activity under the Plans for the nine months ended September 30, 2024:




Options

Weighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (Years)
Outstanding at December 31, 20231,211,619 $14.46 2.3
Granted— — 
Forfeited— — 
Expired— — 
Exercised(245,202)15.76 
Outstanding at September 30, 2024966,417 $14.13 1.9
Exercisable at September 30, 2024966,417 $14.13 1.9
Schedule of Restricted Stock Units and Performance Restricted Stock Units Activity
The following table summarizes the restricted stock unit and performance restricted stock unit activity under the Plans for the nine months ended September 30, 2024:




Number of Shares
Weighted-
Average
Grant Date Fair Value
Unvested at December 31, 20232,198,411 $97.17 
Granted1,490,197 87.53 
Forfeited(166,120)95.04 
Vested(1)
(864,693)95.97 
Unvested at September 30, 20242,657,795 $92.34 
(1) During the nine months ended September 30, 2024, in accordance with our Nonqualified Deferred Compensation Plan, recipients of 3,325 shares elected to defer settlement of their vested restricted stock units and 18,919 shares were released from deferral.