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Equity-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the stock option activity for the year ended December 31, 2022, 2021 and 2020 (in thousands, except per share data):

		Stock Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (Years)				Aggregate Intrinsic Value
Balance - December 31, 2019			15,841,250			$	4.88				8.55			$	2,770
Granted			6,626,178				5.12
Exercised			(6,796,126	)			4.24								54,747
Forfeited			(778,130	)			4.24
Balance - December 31, 2020			14,893,172			$	4.60				9.19			$	116,029
Granted			10,303,307				13.49
Exercised			(1,124,740	)			4.35								16,346
Forfeited			(1,756,568	)			7.23
Balance - December 31, 2021			22,315,171			$	8.52				6.25			$	322,877
Granted			43,986				18.19
Exercised			(2,950,662	)			7.45							$	31,341
Forfeited			(1,653,725	)			11.16
Balance - December 31, 2022			17,754,770			$	8.47				7.06			$	183,315
Options vested - December 31, 2022			9,401,413			$	6.98							$	110,894

Summary of RSU Activity

The summary of RSU activity is as follows (in thousands, except per share data):

		Units Activity				Weighted Average Grant Date Fair Value				Aggregate Intrinsic Value
Unvested units as of December 31, 2020			—			$	—			$	—
Granted			6,162,095				17.84
Released			—				—				—
Canceled			(91,427	)			18.03				—
Unvested units as of December 31, 2021			6,070,668			$	17.84			$	138,958
Granted			4,745,363				18.86				—
Released			(588,854	)			17.54				—
Canceled			(699,829	)			18.47				—
Unvested units as of December 31, 2022			9,527,348			$	18.32			$	178,638

Schedule of Assumptions Used to Calculate Fair Value of Stock Options Granted

The following assumptions were used to calculate the fair value of stock options granted to employees on the date of grant using the Black-Scholes option-pricing model:

		Year Ended December 31,
		2022				2021				2020
Weighted-average grant date fair value per option		$	7.74			$	5.11			$	1.60
Fair value of units/ stock		$17.72 - $18.68				$12.40 - $23.89				$4.40 - $12.40
Expected term (in years)		5.5				6.00 - 6.25				6.25
Expected volatility			44	%		40 - 42%					30	%
Risk-free interest rates		1.8 - 2.0%				0.6 - 1.3%				0.4 - 1.7%

Schedule of Assumptions Used to Calculate Fair Value of Purchase Right for ESPP

The fair value of the purchase right for the ESPP is estimated on the date of grant using the Black-Scholes model with the following assumptions for the year ended December 31, 2021:

		Year Ended December 31, 2022		Year Ended December 31, 2021
Expected volatility		34.9 - 57.1%		34.9%
Risk-free interest rate		0.1 - 4.6%		0.1%
Expected term (years)		0.5		0.5

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of employee stock purchase plans, including, but not limited to: (a) expected term, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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