XML 32 R21.htm IDEA: XBRL DOCUMENT v3.23.1
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Restricted Stock Unit Award ("RSU") and Performance Based Restricted Stock Unit Awards ("PRSU") and Multi-year Performance Restricted Stock Units ("MYPSU") Activity (Details)

The following table summarizes the RSU, performance based restricted stock unit awards ("PRSU"), and multi-year performance restricted stock units ("MYPSU") activity for the three months ended March 31, 2023:

 

 

RSU

 

 

Grant Date

 

 

PRSU

 

 

Grant Date

 

 

MYPSU

 

 

Grant Date

 

 

Number

 

 

Fair

 

 

Number

 

 

Fair

 

 

Number

 

 

Fair

 

 

of

 

 

Value

 

 

of

 

 

Value

 

 

of

 

 

Value

 

 

Shares

 

 

per share

 

 

Shares

 

 

per share

 

 

Shares

 

 

per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at December 31, 2022

 

1,717,994

 

 

$

73.6

 

 

 

58,954

 

 

$

261.4

 

 

 

311,872

 

 

$

88.6

 

Granted

 

368,363

 

 

 

123.1

 

 

 

122,466

 

 

 

145.5

 

 

 

—

 

 

 

—

 

Vested

 

(234,633

)

 

 

56.6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited

 

(27,792

)

 

 

67.4

 

 

 

(58,954

)

 

 

261.4

 

 

 

—

 

 

 

—

 

Unvested at March 31, 2023

 

1,823,932

 

 

$

82.8

 

 

 

122,466

 

 

$

145.5

 

 

 

311,872

 

 

$

88.6

 

 
Schedule of Stock-based Compensation Expense Amounts Included in Condensed Consolidated Statement of Operations

The following table presents the detail of stock-based compensation expense amounts included in the condensed consolidated statement of operations for each of the periods presented:

 

 

 

Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

 

(in thousands)

 

Equity based awards

 

 

 

 

 

 

Cost of revenue

 

$

628

 

 

$

638

 

Research and development

 

 

7,505

 

 

 

5,374

 

Selling, general and administrative

 

 

9,480

 

 

 

7,736

 

 

$

17,613

 

 

$

13,748

 

 

 

 

 

 

 

 

Liability based awards - to be settled in equity

 

 

 

 

 

 

Cost of revenue

 

$

11

 

 

$

19

 

Research and development

 

 

526

 

 

 

220

 

Selling, general and administrative

 

 

386

 

 

 

293

 

 

 

$

923

 

 

$

532

 

Total stock-based compensation - equity and liability based

 

$

18,536

 

 

$

14,280

 

 

 

 

 

 

 

 

Stock-based compensation expense recorded to additional paid-in capital

 

 

 

 

 

 

Equity based awards

 

$

17,613

 

 

$

13,748

 

Liability based awards - settled in equity

 

 

1,523

 

 

 

1,489

 

Total stock-based compensation expense recorded to additional paid-in capital

 

$

19,136

 

 

$

15,237

 

 
Summary of Unrecognized Compensation Costs and Related Weighted Average Period Of Recognition

The following table presents the unrecognized compensation costs and related weighted average period of recognition as of March 31, 2023:

 

 

 

As of

 

 

 

March 31, 2023

 

 

 

Unrecognized Compensation Costs (in millions)

 

 

Weighted Average Period of Recognition (in years)

 

RSUs

 

$

141.3

 

 

 

2.2

 

PRSUs

 

$

13.7

 

 

 

1.6

 

MYPSUs

 

$

16.9

 

 

 

1.5

 

Liability-based awards

 

$

2.0

 

 

 

0.6