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Stock-Based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2022
Summary of Nonvested Restricted Stock Awards and PSU Activity | The following table summarizes restricted stock awards activity for the six months ended June 30, 2022:
|  | Time-Based |  |  | Market-Based |
|  | Restricted Stock Awards |  |  | Restricted Stock Awards |
|  | Shares |  |  | Weighted Average Grant Date Fair Value Per Share |  |  | Shares |  |  | Weighted Average Grant Date Fair Value Per Share |
Unvested shares of restricted stock outstanding at December 31, 2021 |  |  | 369.6 |  |  | $ | 259.94 |  |  |  | 1,628.3 |  |  |  | 111.87 |
Granted |  |  | 344.7 |  |  | $ | 285.89 |  |  |  | 59.5 |  |  |  | 268.93 |
Vested |  |  | (215.3 | ) |  | $ | 174.98 |  |  |  | — |  |  |  | 278.24 |
Forfeited |  |  | (31.5 | ) |  | $ | 317.45 |  |  |  | (5.7 | ) |  |  | 279.88 |
Unvested shares of restricted stock outstanding at June 30, 2022 |  |  | 467.5 |  |  | $ | 314.35 |  |  |  | 1,682.1 |  |  | $ | 116.85 |
Summary of Unrecognized Compensation Cost and Related Weighted Average Recognition Period Associated with Unvested restricted Stock Awards and Unvested PSU Awards | The following table presents the unrecognized compensation cost and the related weighted average recognition period associated with unvested restricted stock awards and unvested PSU awards as of June 30, 2022.
|  | Restricted Stock |  |  |  |  |
|  | Awards |  |  | PSUs |
Unrecognized compensation cost |  | $ | 260,132 |  |  | $ | 18,977 |
Weighted average period for recognition (years) |  |  | 3.5 |  |  |  | 1.8 |
Performance-Based Restricted Stock Units [Member] |
Summary of Nonvested Restricted Stock Awards and PSU Activity | The following table summarizes PSU activity for the six months ended June 30, 2022:
|  | PSUs |
|  | Units |  |  | Weighted Average Grant Date Fair Value Per Unit |
Unvested PSUs outstanding at December 31, 2021 |  |  | 37.1 |  |  | $ | 556.50 |
Granted |  |  | 51.5 |  |  | $ | 296.07 |
Forfeited |  |  | (10.8 | ) |  | $ | 376.69 |
Unvested PSUs outstanding at June 30, 2022 (1) |  |  | 77.8 |  |  | $ | 409.13 |
| (1) | A maximum of 194,478 units could be awarded based upon Paycom’s Relative TSR over the applicable performance periods.

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- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + 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 (i) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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