Stockholders' Equity and Warrants (Tables)

12 Months Ended

Dec. 31, 2023

Stockholders' Equity Note [Abstract]

Summary of Fully Diluted Capital Structure

The following table summarizes our fully diluted capital structure.

	December 31,
	2023	2022
Issued and outstanding common shares	97,061	96,406
Earnout shares (1)	—	2,050
Total common shares issued and outstanding	97,061	98,456
Common shares reserved for future issuance:
Private warrants	1,796	1,796
Stock options (Note 9)	3,642	3,863
Restricted and performance stock units and awards (Note 9)	12,065	6,230
2020 Equity Plan pool reserved for future issuance (Note 9)	8,009	11,190
Convertible senior notes, due 2026 ⁽²⁾	8,999	16,998
Convertible senior notes, due 2028	13,332	—
Contingently issuable shares in connection with acquisitions (3)	5,908	10,632
Total shares of common stock outstanding and reserved for future issuance	150,812	149,165

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(1)Earnout shares expired on December 23, 2023, without vesting and were subsequently cancelled.

(2)In connection with the September 16, 2021, issuance of the 2026 Notes, we used a portion of the proceeds to pay for the capped call transactions, which are expected to generally reduce the potential dilution to our common stock. The capped call transactions impact the number of shares that may be issued by effectively increasing our conversion price from $25 per share to approximately $37.74 per share, which would result in approximately 6 million potentially dilutive shares instead of the shares reported in this table as of December 31, 2023.

(3)In connection with the acquisitions of Floify and HOA, we provided an obligation to issue a certain amount of common stock to the extent specified market conditions are met in the future. Contingently issuable shares are calculated in accordance with the purchase agreement, assuming they would be issuable if the end of the reporting periods were the end of the contingency period. The contingency period for the Floify acquisition ends in December 2024. The contingency period for the HOA acquisition ended in April 2023.

Schedule of Stockholders' Equity Note, Warrants or Rights

Detail related to private warrant activity is as follows:

	Number of Warrants (in thousands)	Number of Common Shares Issued (in thousands)
Balances as of December 31, 2020	14,325	—
Exercised	(12,353)	11,521
Canceled	(176)	—
Balances as of December 31, 2021, 2022, and 2023	1,796	11,521