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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2022
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:
Year Ended December 31,
(in thousands)202020212022
Stock-based compensation expense
Cost of revenues$— $1,512 $1,533 
Corporate technology and production systems$— $2,054 $2,264 
Selling, general and administrative$3,465 $29,014 $20,008 
Total stock-based compensation expense$3,465 $32,580 $23,805 
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 periods presented:

Year Ended December 31,
20202021
Expected volatility25.26 %25.90 %
Risk-free interest rate0.49 %0.60 %
Dividend rate0.00 %0.00 %
Expected term, in years5.005.00
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 for periods presented:

Year Ended December 31,
20212022
Expected volatility44.54 %45.03 %
Risk-free interest rate1.07 %1.80 %
Dividend rate0.00 %0.00 %
Expected term, in years6.386.50
Share-based Payment Arrangement, Option, Activity
The table below provides a summary of SVOs and PSOs currently outstanding under the 2015 Plan for the years ended December 31, 2021 and 2022:

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
(in thousands, except shares and per share amounts)
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 
Granted— — — — 
Forfeited / Cancelled— — — — 
Exercised(242,704)9.35 3,034 (14,975)9.68 157 
Balances as of December 31, 20226,208,274 $9.59 5.00$36,513 3,081,855 $10.05 3.32$16,699 
The following table summarizes exercisable SVOs at December 31, 2022:

Number of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life
(years)		Aggregate
Intrinsic
Value
(in thousands, except shares and per share amounts)
Exercisable as of December 31, 20226,208,274 $9.59 5.00$36,513 


The following table summarizes exercisable PSOs at December 31, 2022:

Number of
Shares		Weighted
Average
Exercise
Price		Weighted
Average
Remaining
Contractual
Life
(years)		Aggregate
Intrinsic
Value
(in thousands, except shares and per share amounts)
Exercisable as of December 31, 20223,081,855 $10.05 3.32$16,699 
The table below provides a summary of stock option activity under the 2021 Equity Plan for the years ended December 31, 2021 and 2022:

WeightedWeighted AverageAggregateWeighted Average
Number ofAverageContractual TermIntrinsicFair Value
SharesExercise Price(in years)Value(per share)
(in thousands, except share and per share amounts)
Outstanding at
     December 31, 2020		— $— 0.00$— $— 
Granted3,999,054 23.00 10.25 
Forfeited / Cancelled(80,600)23.00 
Exercised / Released— 
Outstanding at
     December 31, 2021		3,918,454 $23.00 9.65$— $— 
Granted622,919 22.35 — 10.43 
Forfeited / Cancelled(153,872)23.00 — 
Exercised / Released— 
Outstanding at
     December 31, 2022		4,387,501 $22.91 8.81$— $— 
Exercisable at
      December 31, 2022		40,705 $23.00 8.73$— $— 
Share-based Payment Arrangement, Restricted Stock Activity The table below provides a summary of restricted stock activity under the 2021 Equity Plan for the years ended December 31, 2021 and 2022:
Weighted Average
Number ofFair Value
Shares(per share)
Unvested at December 31, 2020— $— 
Granted1,887,783 23.01 
Forfeited / Cancelled(103,991)23.00 
Vested(4,076)23.00 
Unvested at December 31, 20211,779,716 $23.01 
Granted2,154,984 18.60 
Forfeited / Cancelled(506,866)22.44 
Vested(5,914)22.83 
Unvested at December 31, 20223,421,920 $20.32 
The table below provides a summary of restricted stock unit activity under the 2021 Equity Plan for the years ended December 31, 2021 and 2022:

Weighted Average
Number ofFair Value
Shares(per share)
Unvested at December 31, 2020— $— 
Granted44,211 23.00 
Forfeited / Cancelled(2,278)23.00 
Vested— — 
Unvested at December 31, 2021
41,933 $23.00 
Granted21,046 18.49 
Forfeited / Cancelled(11,730)22.84 
Vested— — 
Unvested at December 31, 2022
51,249 $21.18