XML 37 R24.htm IDEA: XBRL DOCUMENT v3.23.1

Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table shows restricted stock unit (“RSU”) and stock option activity for the three months ended March 31, 2023:

			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, 2022			12,259						15,273						2,273						13,119						11,152						13,864						67,940						$	6.17					$	29.64
Granted			600						9,560						—						1,990						—						113						12,263						25.81						17.24
Exercised options / vested RSUs			(530)						(1,700)						(171)						(1,715)						—						(8,342)						(12,458)						3.13						48.49
Change in awards due to performance-based multiplier			—						—						—						1,142						—						—						1,142						—						60.25
Forfeited			—						(369)						—						(55)						—						(41)						(465)						4.53						25.67
Outstanding at March 31, 2023			12,329						22,764						2,102						14,481						11,152						5,594						68,422						$	6.71					$	21.99

Summary of Stock Compensation Expense

The following table shows stock compensation expense for the three months ended March 31, 2023 and 2022:

			Three months ended March 31, 2023																		Three months ended March 31, 2022
			Options						RSUs						Total						Options						RSUs						Total
Time-based (1)			$	3,844					$	44,807					$	48,651					$	3,864					$	21,786					$	25,650
PSP (2)			—						24,015						24,015						—						43,367						43,367
LTIP (2)			—						44,734						44,734						—						118,060						118,060
Total			$	3,844					$	113,556					$	117,400					$	3,864					$	183,213					$	187,077

(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.

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 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
-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

+ Details

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

X

- 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
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

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