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Compensation Related Costs, Share Based Payments (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock-Based Compensation Expense | Total compensation expense by award type and line item in our consolidated financial statements was as follows (in thousands):
| For the Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Award Type |  |  |  |  |
Stock options | $ | 416 |  |  | $ | 1,337 |  |  | $ | 2,927 |
Performance-based stock options | — |  |  | — |  |  | 75 |
RSUs | 17,327 |  |  | 9,606 |  |  | 7,763 |
Performance-based RSUs | 14,308 |  |  | 2,471 |  |  | — |
LSUs | 1,930 |  |  | 3,297 |  |  | 3,841 |
Total compensation expense by award type | $ | 33,981 |  |  | $ | 16,711 |  |  | $ | 14,606 |
Line Item |  |  |  |  |
Cost of revenue | $ | 4,387 |  |  | $ | 2,263 |  |  | $ | 1,811 |
Selling, general and administrative expenses | 29,594 |  |  | 14,448 |  |  | 12,795 |
Total compensation expense by financial statement line item | $ | 33,981 |  |  | $ | 16,711 |  |  | $ | 14,606 |
Schedule Of Unrecognized Compensation Expense | Total unrecognized compensation expense (in thousands) and expected weighted-average period (in years) by award type for all of our stock-based incentive plans were as follows:
| As of December 31, 2022
| Unrecognized Compensation Expense |  | Weighted Average Period (years)
Stock options | $ | 74 |  |  | 0.29
RSUs | 36,555 |  |  | 1.55
LSUs | 491 |  |  | 0.61
PSUs | 27,629 |  |  | 2.02
Total | $ | 64,749 |  |  |
Option Price Assumptions | The price assumptions used for our leveraged stock unit awards were as follows:
| For the Year Ended December 31,
| 2020 |  | 2019
Weighted-average fair value per leveraged stock unit granted | $ | 8.90 |  |  | $ | 6.52 |
Assumptions: |  |  |
Expected term | 10 years |  | 10 years
Expected volatility | 62.1 | % |  | 51.7 | %
Risk-free interest rate | 0.85% |  | 2.54%
Dividend yield | — | % |  | — | %
Stock Option Information | Information with respect to our stock options (in thousands), including weighted-average remaining contractual term (in years) and aggregate intrinsic value (in thousands) was as follows:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding as of December 31, 2021 | 2,549 |  |  | $ | 9.49 |  |  | 3.99 |  | $ | 46,342 |
Exercised | (651) |  |  | 6.84 |  |  |  |  |
Forfeited | (3) |  |  | 13.29 |  |  |  |  |
Outstanding as of December 31, 2022 | 1,895 |  |  | $ | 10.40 |  |  | 3.24 |  | $ | 33,503 |
Vested and expected to vest after December 31, 2022 | 1,895 |  |  | $ | 10.40 |  |  | 3.24 |  | $ | 33,503 |
Exercisable as of December 31, 2022 | 1,841 |  |  | $ | 10.36 |  |  | 3.15 |  | $ | 32,621 |
Performance-Based Stock Option Awards Activity | Information with respect to our performance-based stock options (shares and aggregate intrinsic value shown in thousands, weighted-average remaining contractual term shown in years) was as follows:
| Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding as of December 31, 2021 | 268 |  |  | $ | 10.27 |  |  | 4.16 |  | $ | 5,620 |
Outstanding as of December 31, 2022 | 268 |  |  | 10.27 |  |  | 3.16 |  | 5,730 |
Vested and expected to vest after December 31, 2022 | 268 |  |  | $ | 10.27 |  |  | 3.16 |  | $ | 5,730 |
Restricted Stock Units Information | Information with respect to our RSUs (not including performance-based RSUs) is presented below (in thousands, except for weighted-average grant-date fair value):
| Total RSUs |  | Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2021 | 2,087 |  |  | $ | 16.35 |
Granted | 1,130 |  |  | 28.23 |
Forfeited | (206) |  |  | 21.10 |
Vested | (743) |  |  | 15.56 |
Outstanding as of December 31, 2022 | 2,268 |  |  | $ | 22.09 |
Leveraged Stock Units Activity | Information with respect to our leveraged stock unit awards (shares and aggregate intrinsic value shown in thousands, weighted-average remaining contractual term shown in years) was as follows:
| Leveraged Stock Units |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding as of December 31, 2021 | 1,084 |  |  | $ | 11.07 |  |  | 7.68 |  | $ | 17,993 |
Change in achievement | 303 |  |  | 12.85 |  |  |  |  |
Vested | (867) |  |  | 12.85 |  |  |  |  |
Outstanding as of December 31, 2022 | 520 |  |  | $ | 9.15 |  |  | 7.24 |  | $ | 9,846 |
Vested and expected to vest after December 31, 2022 | 520 |  |  | $ | 9.15 |  |  | 7.24 |  | $ | 9,846 |
Schedule of Price Assumptions for Performance Based Stock Units | The price assumptions used for our performance based stock unit awards were as follows:
| 1st Tranche |  | 2nd Tranche
Weighted-average fair value per performance based stock unit granted | $ | 20.64 |  |  | $ | 20.69 |
Assumptions: |  |  |
Expected term | 2 years |  | 3 years
Expected volatility | 89.5 | % |  | 77.7 | %
Risk-free interest rate | 0.12 | % |  | 0.25 | %
Dividend yield | — | % |  | — | %
Schedule Of Information Of Performance Based Stock Units | Information with respect to our performance based restricted stock unit awards (shares and aggregate intrinsic value shown in thousands, weighted-average remaining contractual term shown in years) was as follows:
| Performance Based Stock Units |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding as of December 31, 2021 | 319 |  |  | $ | 20.67 |  |  | 9.16 |  | $ | 2,233 |
Granted | 479 |  |  | 28.15 |  |  |  |  |
Change in achievement | 625 |  |  | 23.85 |  |  |  |  |
Forfeited | (27) |  |  | 25.32 |  |  |  |  |
Outstanding as of December 31, 2022 | 1,396 |  |  | $ | 24.30 |  |  | 8.72 |  | $ | 5,274 |
Vested and expected to vest after December 31, 2022 | 1,396 |  |  | $ | 24.30 |  |  | 8.72 |  | $ | 5,274 |

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- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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