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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary Of Stock-Based Compensation Expense Stock-based compensation expense is recognized in cost of revenues, corporate, technology and production systems, and selling, general, and administrative expense in the accompanying consolidated statements of operations and comprehensive loss as follows (in thousands):
Year Ended December 31,
(in thousands)201920202021
Stock-based compensation expense
Cost of revenues$— $— $1,512 
Corporate technology and production systems$— $— $2,054 
Selling, general and administrative$1,503 $3,465 $29,014 
Total stock-based compensation expense$1,503 $3,465 $32,580 
Summary of Weighted-Average Assumptions
The following table represents the weighted-average assumptions used to determine compensation costs and grant-date fair values for SVOs and PSOs granted during the years ended December 31, 2019, 2020 and 2021:

Year Ended December 31,
201920202021
Expected volatility19.95 %25.26 %25.90 %
Risk-free interest rate1.96 %0.49 %0.60 %
Dividend rate0.00 %0.00 %0.00 %
Expected term, in years5.005.005.00
The fair value for Options granted under the 2021 Equity Plan was estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:

Expected volatility44.54 %
Risk-free interest rate1.07 %
Dividend rate0.00 %
Expected term, in years6.38
Share-based Payment Arrangement, Option, Activity
The table below provides a summary of SVO and PSO activity under the 2015 Plan for the years ended December 31, 2020 and 2021 (in thousands, except shares and per share amounts):

Outstanding SVOsOutstanding PSOs
Number of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life
(years)		Aggregate
Intrinsic
Value		Number of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life
(years)		Aggregate
Intrinsic
Value
Balances as of December 31, 20206,289,500 $9.60 7.58$843 3,120,790 $10.05 8.05$— 
Granted316,272 9.68 — — 
Forfeited / Cancelled(148,804)9.63 (23,960)9.68 
Exercised(5,990)9.39 141 — — 
Balances as of December 31, 20216,450,978 $9.58 6.70$70,510 3,096,830 $10.05 7.04$32,394 

The following table summarizes exercisable SVOs (in thousands, except shares and per share amounts):

Number of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life
(years)		Aggregate
Intrinsic
Value
Exercisable as of December 31, 20216,450,978 $9.58 6.70$70,510 
The following table summarizes exercisable PSOs (in thousands, except shares and per share amounts):

Number of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life
(years)		Aggregate
Intrinsic
Value
Exercisable as of December 31, 20213,096,830 $10.05 7.04$32,394 
The table below provides a summary of stock option activity under the 2021 Equity Plan for the year ended December 31, 2021.

WeightedWeighted AverageAggregateWeighted Average
Number ofAverageContractual TermIntrinsicFair Value
SharesExercise Price(in years)Value(per share)
(in thousands, except share and per share amounts)
Outstanding at 12/31/2020— $— 0.00$— $— 
Granted3,999,054 23.00 0.00— 10.25 
Forfeited / Cancelled(80,600)23.00 0.00— — 
Exercised / Released— — 0.00— — 
Outstanding at 12/31/20213,918,454 $23.00 9.65$— $— 
Exercisable at 12/31/202136,635 $23.00 0.08$— $— 
Share-based Payment Arrangement, Restricted Stock Activity
The table below provides a summary of restricted stock activity under the 2021 Equity Plan for the year ended December 31, 2021.

Weighted Average
Number ofFair Value
Shares(per share)
Unvested at 12/31/2020— $— 
Granted1,887,783 23.01 
Forfeited / Cancelled(103,991)23.00 
Vested(4,076)23.00 
Unvested at 12/31/20211,779,716 $23.01 
The table below provides a summary of restricted stock unit activity under the 2021 Equity Plan for the year ended December 31, 2021.

Weighted Average
Number ofFair Value
Shares(per share)
Unvested at 12/31/2020— $— 
Granted44,211 23.00 
Forfeited / Cancelled(2,278)23.00 
Vested— — 
Unvested at 12/31/202141,933 $23.00