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Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Summary of stock option activity

The following table shows restricted stock unit (“RSU”) and stock option activity for the six months ended June 30, 2022:

			Time-based												PSP												LTIP												Total						Weighted Average Exercise Price of Options						Weighted Average FMV of RSUs
			Options						RSUs						Options						RSUs						Options						RSUs
Outstanding at December 31, 2021			14,695						4,195						2,354						1,488						11,671						19,343						53,746						$	5.46					$	49.94
Granted			200						9,270						—						2						—						434						9,906						31.40						21.96
Exercised options / vested RSUs			(1,592)						(1,299)						(54)						(2,671)						(169)						(6,251)						(12,036)						2.70						44.96
Change in awards due to performance-based multiplier			—						—						—						1,806						—						—						1,806						—						33.69
Forfeited			(118)						(549)						—						(6)						—						(281)						(954)						4.76						39.29
Outstanding at June 30, 2022			13,185						11,617						2,300						619						11,502						13,245						52,468						$	5.83					$	40.48

Summary of stock compensation expense

The following table shows stock compensation expense for the three and six months ended June 30, 2022 and 2021:

			Three months ended June 30, 2022																		Three months ended June 30, 2021
			Options						RSUs						Total						Options						RSUs						Total
Time Based (1)			$	3,830					$	26,983					$	30,813					$	4,034					$	15,223					$	19,257
PSP (2)			—						13,764						13,764						—						19,090						19,090
LTIP (2)			—						90,944						90,944						—						133,392						133,392
Total			$	3,830					$	131,691					$	135,521					$	4,034					$	167,705					$	171,739
			Six months ended June 30, 2022																		Six months ended June 30, 2021
			Options						RSUs						Total						Options						RSUs						Total
Time Based (1)			$	7,694					$	48,769					$	56,463					$	6,467					$	29,491					$	35,958
PSP (2)			—						57,131						57,131						—						35,404						35,404
LTIP (2)			—						209,004						209,004						—						252,220						252,220
Total			$	7,694					$	314,904					$	322,598					$	6,467					$	317,115					$	323,582

(1) Time-based awards vest and are expensed over a defined service period.

(2) PSP and LTIP awards vest based on defined performance criteria and are expensed based on the probability of achieving such criteria. During the three months ended March 31, 2022, the Company recorded a cumulative catch-up adjustment of $20.7 million in additional stock-based compensation expense related to its updated expectation on achieving higher revenue targets than originally estimated for certain PSP awards which have a range of payouts.

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- References

No definition available.

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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- Definition

Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
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-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
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