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Stock-based Compensation (Tables) | 9 Months Ended
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Sep. 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 September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Cost of revenue |  | $ | 1,165 |  |  | $ | 1,115 |  |  | $ | 4,505 |  |  | $ | 3,094 |
Sales and marketing |  | 1,864 |  |  | 1,623 |  |  | 5,349 |  |  | 4,602 |
Technology and development |  | 6,179 |  |  | 4,706 |  |  | 18,407 |  |  | 13,901 |
General and administrative |  | 6,507 |  |  | 8,138 |  |  | 21,225 |  |  | 29,408 |
Total stock-based compensation expense |  | 15,715 |  |  | 15,582 |  |  | 49,486 |  |  | 51,005 |
Amount capitalized to internal-use software |  | 1,536 |  |  | 1,054 |  |  | 4,580 |  |  | 3,039 |
Total stock-based compensation |  | $ | 17,251 |  |  | $ | 16,636 |  |  | $ | 54,066 |  |  | $ | 54,044 |
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 nine months ended September 30, 2024 using a Monte Carlo simulation model were as follows:
|  | Nine Months Ended September 30,
|  | 2024
Expected life (years) |  | 0.4-0.8
Risk-free interest rate |  | 5.2%-5.4%
Expected volatility |  | 47.4%-66.1%
Expected dividend yield |  | — |
The assumptions that were used to calculate the grant-date fair value of the RSUs with a market vesting condition during the nine months ended September 30, 2024 using a Monte Carlo simulation model were as follows:
|  | Nine Months Ended September 30,
|  | 2024
Expected life (years) |  | 5
Risk-free interest rate |  | 4.2 | %
Expected volatility |  | 59.4 | %
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 + Details
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