XML 54 R38.htm IDEA: XBRL DOCUMENT v3.25.0.1

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Assumptions Used to Estimate the Fair Value of Stock Options Granted

The following table summarizes the assumptions used to estimate the fair value of the 2022 CEO stock option grant:

Year Ended December 31,

2024

2023

2022

Risk-free interest rate

*

*

3.01%

Expected term (in years)

*

*

**

Expected volatility

*

*

70.00%

Expected dividend yield

*

*

—%

* Not applicable because no stock options were granted during the period.

** Each Vesting Price Threshold for the 2022 CEO grant has a unique expected term ranging from 3.4 years to 4.1 years.

Schedule of Stock Option Activity

The following table summarizes stock option activity for the years ended December 31, 2024, 2023, and 2022:

			Number of Shares						Weighted Average Exercise Price						Weighted Average Remaining Contractual Term (in years)						Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2021			2,953,356						$	15.16					4.0						$	147,812
Granted			700,000						50.63
Exercised			(937,217)						27.14												32,858
Expired			(7,900)						4.06
Forfeited			(10,280)						12.28
Outstanding at December 31, 2022			2,697,959						20.25						5.1						45,862
Granted			—						—
Exercised			(98,610)						7.56												3,387
Expired			—						—
Forfeited			—						—
Outstanding at December 31, 2023			2,599,349						20.73						4.2						53,089
Granted			—						—
Exercised			(1,543,436)						9.37												36,383
Expired			(384)						12.00
Forfeited			—						—
Outstanding at December 31, 2024			1,055,529						$	37.34					5.6						$	7,751
Exercisable at December 31, 2024			355,529						$	11.18					2.1						$	7,751

Schedule of Restricted Stock Unit Activity

The following table summarizes RSU activity for the years ended December 31, 2024, 2023, and 2022:

			Number of Shares						Weighted Average Grant Date Fair Value
Non-vested and outstanding at December 31, 2021			1,209,529						$	70.99
Granted			606,203						52.63
Vested			(403,648)						58.63
Forfeited			(221,364)						70.30
Non-vested and outstanding at December 31, 2022			1,190,720						65.97
Granted			710,278						42.52
Vested			(668,119)						58.64
Forfeited			(154,815)						62.73
Non-vested and outstanding at December 31, 2023			1,078,064						55.52
Granted			987,528						35.61
Vested			(657,897)						52.04
Forfeited			(261,535)						45.81
Non-vested and outstanding at December 31, 2024			1,146,160						$	42.59

Schedule of Components of Stock-based Compensation Expense

The following table summarizes the components of our stock-based compensation expense by instrument type for the years ended December 31, 2024, 2023, and 2022 (in thousands):

			Year Ended December 31,
			2024						2023						2022
RSUs			$	33,267					$	37,563					$	35,290
Stock options			5,059						5,045						2,790
Common stock awards to Board of Directors			719						779						750
Total stock-based compensation expense			$	39,045					$	43,387					$	38,830

Schedule of Stock-based Compensation Expense Included in Condensed Consolidated Statements of Operations

The following table summarizes stock-based compensation expense by line item in the accompanying consolidated statements of operations for the years ended December 31, 2024, 2023, and 2022 (in thousands):

			Year Ended December 31,
			2024						2023						2022
Cost of revenue
Subscriptions			$	848					$	925					$	996
Professional services			5,674						6,055						5,309
Operating expenses
Sales and marketing			8,200						10,842						9,152
Research and development			11,716						12,486						12,523
General and administrative			12,607						13,079						10,850
Total stock-based compensation expense			$	39,045					$	43,387					$	38,830

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration