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Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation Cost

We recorded stock-based compensation expense in the following categories in the accompanying unaudited condensed consolidated statements of operations and balance sheets (in thousands):

			Three Months Ended June 30,															Six Months Ended June 30,
						2024						2023						2024						2023
Cost of revenue						$	1,747					$	1,105					$	3,340					$	1,979
Sales and marketing						1,906						1,447						3,485						2,979
Technology and development						6,525						4,875						12,228						9,195
General and administrative						8,737						11,529						14,718						21,270
Total stock-based compensation expense						18,915						18,956						33,771						35,423
Amount capitalized to internal-use software						1,627						1,075						3,044						1,986
Total stock-based compensation						$	20,542					$	20,031					$	36,815					$	37,409

Schedule of Fair Value Assumptions and Techniques for Performance Shares

The assumptions that were used to calculate the grant-date fair value of our PSU grants during the six months ended June 30, 2024 using a Monte Carlo simulation model were as follows:

						Six Months Ended June 30,
						2024
Expected life (years)						0.8
Risk-free interest rate						5.2		%
Expected volatility						47.4		%
Expected dividend yield						—

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- 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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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- Definition

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.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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