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STOCK-BASED COMPENSATION
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION
NOTE 12. STOCK-BASED COMPENSATION
Expense
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2023202220232022
Cost of revenue
$7,174 $6,579 $16,087 $12,957 
Selling and marketing
15,349 12,633 33,009 23,591 
Research and development
7,851 7,355 16,911 14,701 
General and administrative
5,853 4,733 12,777 8,278 
$36,227 $31,300 $78,784 $59,527 
Income tax benefit
$(581)$(543)$(1,253)$(905)
As of June 30, 2023, the Company had $171.0 million of unrecognized stock-based compensation expense, net of estimated forfeitures, which is expected to be recognized over a weighted-average period of 1.9 years.
Grants
Six Months Ended
June 30, 2023
(in thousands)SharesTotal Fair Value
Restricted stock units
1,489 $69,704 
Non-qualified stock options
870 $18,289 
Performance stock options (1)
906 $18,265 
(1) Performance stock options allow the holder to purchase a specified number of common stock shares at an exercise price equal to or greater than the shares' fair market value at the grant date. The options usually vest over two years and expire ten years from the grant date, subject to specific performance conditions.