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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of 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

 

Summary of Stock Option Activity

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

 

 

Summary of Restricted Stock Activity

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