XML 36 R26.htm IDEA: XBRL DOCUMENT v3.23.1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of stock option activity
A summary of stock option activity during the three months ended March 31, 2023 is as follows (in thousands, except options, price per option, and term amounts):
Number of OptionsWeighted Average Exercise PriceWeighted Average Remaining Contract TermAggregate Intrinsic Value
Outstanding – January 1, 2023
4,739,783 $13.21 
7.61
$19,855 
Granted
— — 
Exercised(97,412)6.10 
Forfeited(143,087)21.78 
Outstanding – March 31, 2023
4,499,284 $13.09 
7.34
$28,349 
Vested and expected to vest in the future at March 31, 2023
4,499,284 13.09 
7.34
28,349 
Exercisable at March 31, 2023
2,951,792 $9.28 
6.67
$27,428 
Schedule of RSU activity
A summary of restricted stock unit (“RSU”) activity during the three months ended March 31, 2023, is as follows:
Number of RSUsWeighted Average Grant Date Fair Value
Non-vested – January 1, 2023
3,111,831 $19.27 
Granted
424,266 15.00 
Vested(65,770)25.73 
Forfeited(258,916)19.76 
Non-vested – March 31, 2023
3,211,411 $18.53 
Summary of stock-based compensation
Share-based compensation for share-based awards granted to participants has been recorded in the condensed consolidated statements of operations for the three months ended March 31, 2023 and 2022 as follows (in thousands):
Three Months Ended March 31,
20232022
Cost of revenues$853 $965 
General and administrative2,264 1,381 
Research and development (1)
1,783 1,077 
Sales and marketing290 385 
Restructuring related costs (2)
(299)— 
Total share-based compensation expense $4,891 $3,808 
______________
(1)Net of $0.1 million and $0.1 million additions to capitalized software on the Company’s condensed consolidated balance sheets during the three months ended March 31, 2023 and 2022, respectively.
(2)Relates to unvested stock compensation that was forfeited as part of the Restructuring Plan. See Note 12, “Restructuring.”