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Stock-Based Compensation | 6 Months Ended
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Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock-Based Compensation | Note 7—Stock-Based Compensation Stock-Based Compensation Expense Stock-based compensation expense recorded in the condensed consolidated statements of income was as follows (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Platform operations |  | $ | 2,358 |  |  | $ | 1,331 |  |  | $ | 3,820 |  |  | $ | 2,387 |
Sales and marketing |  |  | 6,319 |  |  |  | 4,831 |  |  |  | 11,633 |  |  |  | 8,058 |
Technology and development |  |  | 7,844 |  |  |  | 6,497 |  |  |  | 16,434 |  |  |  | 11,433 |
General and administrative |  |  | 7,413 |  |  |  | 8,398 |  |  |  | 15,012 |  |  |  | 15,048 |
Total |  | $ | 23,934 |  |  | $ | 21,057 |  |  | $ | 46,899 |  |  | $ | 36,926 |
Stock Options The following summarizes stock option activity:
|  | Shares Under Option (in thousands) |  |  | Weighted- Average Exercise Price |
Outstanding as of December 31, 2019 |  |  | 4,064 |  |  | $ | 70.74 |
Granted |  |  | 278 |  |  |  | 294.01 |
Exercised |  |  | (970 | ) |  |  | 43.04 |
Cancelled |  |  | (95 | ) |  |  | 115.45 |
Outstanding as of June 30, 2020 |  |  | 3,277 |  |  | $ | 96.59 |
Exercisable as of June 30, 2020 |  |  | 1,444 |  |  | $ | 44.77 |
On January 1, 2020, the number of shares authorized for grant under the Company’s 2016 Incentive Award Plan was increased by 1.8 million shares in accordance with plan provisions. Restricted Stock The following summarizes restricted stock activity:
|  | Shares (in thousands) |  |  | Weighted- Average Grant Date Fair Value |
Unvested as of December 31, 2019 |  |  | 457 |  |  | $ | 120.65 |
Granted |  |  | 315 |  |  |  | 295.54 |
Vested |  |  | (73 | ) |  |  | 96.89 |
Forfeited |  |  | (32 | ) |  |  | 153.87 |
Unvested as of June 30, 2020 |  |  | 667 |  |  | $ | 204.20 |
Employee Stock Purchase Plan (“ESPP”) Stock-based compensation expense related to the ESPP totaled $6.3 million and $6.4 million for the three months ended June 30, 2020 and 2019, respectively. Stock-based compensation expense related to the ESPP totaled $14.1 million and $10.4 million for the six months ended June 30, 2020 and 2019, respectively. On January 1, 2020, the number of shares available for issuance under the Company’s ESPP was increased by 0.5 million shares in accordance with plan provisions.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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