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Share-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of stock option activity
A summary of stock option activity during the six months ended June 30, 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(148,517)6.90 
Forfeited(283,114)21.91 
Outstanding – June 30, 2023
4,308,152 $12.86 
6.96
$39,195 
Vested and expected to vest in the future at June 30, 2023
4,308,152 12.86 
6.96
39,195 
Exercisable at June 30, 2023
3,109,048 $9.84 
6.38
$36,401 
Schedule of RSU activity
A summary of restricted stock unit (“RSU”) activity during the six months ended June 30, 2023, is as follows:
Number of RSUsWeighted Average Grant Date Fair Value
Non-vested – January 1, 2023
3,111,831 $19.27 
Granted
3,520,122 16.22 
Vested(641,393)19.23 
Forfeited(614,936)18.52 
Non-vested – June 30, 2023
5,375,624 $17.36 
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 and six months ended June 30, 2023 and 2022 as follows (in thousands):
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Cost of revenues$1,157 $1,251 $2,009 $2,215 
General and administrative5,231 2,396 7,494 3,777 
Research and development (1)
1,875 1,288 3,658 2,365 
Sales and marketing1,104 504 1,395 890 
Restructuring related costs (2)
(365)— (663)— 
Total share-based compensation expense $9,002 $5,439 $13,893 $9,247 
______________
(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 June 30, 2023 and 2022, respectively, and $0.1 million and $0.2 million for the six months ended June 30, 2023 and 2022, respectively.
(2)Relates to unvested stock compensation that was forfeited as part of the Restructuring Plan. See Note 12, “Restructuring.”