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Stock-based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule Of Supply Share Authorized Changes For The Equity-Based | The following table summarizes the Company’s additional shares authorized changes for the 2015 Plan (in thousands):
Board Approval Date |  | Shares Added |  | Total Additional Shares Authorized
May 1, 2015 |  | 6,000 |  |  | 6,000 |
June 13, 2018 |  | 4,525 |  |  | 10,500 |
April 15, 2021 |  | 4,910 |  |  | 15,400 |
April 20, 2023 |  | 4,000 |  |  | 19,400 |
November 2, 2023 |  | 8,000 |  |  | 27,400 |
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,
| 2023 |  | 2022 |  | 2021
Award Type |  |  |  |  |
Stock options | $ | 74 |  |  | $ | 416 |  |  | $ | 1,337 |
RSUs | 26,718 |  |  | 17,327 |  |  | 9,606 |
Performance-based RSUs | 13,214 |  |  | 14,308 |  |  | 2,471 |
LSUs | 495 |  |  | 1,930 |  |  | 3,297 |
Total compensation expense by award type | $ | 40,501 |  |  | $ | 33,981 |  |  | $ | 16,711 |
Line Item |  |  |  |  |
Cost of revenue | $ | 1,662 |  |  | $ | 4,387 |  |  | $ | 2,263 |
Selling, general and administrative expenses | 38,839 |  |  | 29,594 |  |  | 14,448 |
Total compensation expense by financial statement line item | $ | 40,501 |  |  | $ | 33,981 |  |  | $ | 16,711 |
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, 2023
| Unrecognized Compensation Expense |  | Weighted Average Period (years)
RSUs | $ | 42,132 |  |  | 1.39
PSUs | 17,762 |  |  | 1.81
Total | $ | 59,894 |  |  |
Schedule of 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, 2022 | 1,895 |  |  | $ | 10.40 |  |  | 3.24 |  | $ | 33,503 |
Exercised | (1,237) |  |  | 8.72 |  |  |  |  |
Forfeited | — |  |  | — |  |  |  |  |
Outstanding as of December 31, 2023 | 658 |  |  | $ | 13.23 |  |  | 4.99 |  | $ | 13,032 |
Vested and expected to vest after December 31, 2023 | 658 |  |  | $ | 13.23 |  |  | 4.99 |  | $ | 13,032 |
Exercisable as of December 31, 2023 | 658 |  |  | $ | 13.23 |  |  | 4.99 |  | $ | 13,032 |
Schedule of 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, 2022 | 268 |  |  | $ | 10.27 |  |  | 4.16 |  | $ | 5,730 |
Exercised | (162) |  |  | 10.27 |  |  |  |  |
Outstanding as of December 31, 2023 | 106 |  |  | 10.27 |  |  | 2.17 |  | 2,401 |
Vested and expected to vest after December 31, 2023 | 106 |  |  | $ | 10.27 |  |  | 2.17 |  | $ | 2,401 |
Schedule of 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, 2022 | 2,268 |  |  | $ | 22.09 |
Granted | 1,281 |  |  | 33.85 |
Forfeited | (428) |  |  | 27.64 |
Vested | (969) |  |  | 20.83 |
Outstanding as of December 31, 2023 | 2,152 |  |  | $ | 28.55 |
Schedule of Leveraged Stock Units Activity | Information with respect to our LSU 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, 2022 | 520 |  |  | $ | 9.15 |  |  | 7.24 |  | $ | 9,846 |
Change in achievement | 520 |  |  | 9.15 |  |  |  |  |
Vested | (1,040) |  |  | 9.15 |  |  |  |  |
Outstanding as of December 31, 2023 | — |  |  | $ | — |  |  | 0.00 |  | $ | — |
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, 2022 | 1,396 |  |  | $ | 24.30 |  |  | 8.72 |  | $ | 5,274 |
Granted | 542 |  |  | 34.07 |  |  |  |  |
Change in achievement | 72 |  |  | 26.60 |  |  |  |  |
Vested | (343) |  |  | 19.54 |  |  |  |  |
Forfeited | (14) |  |  | 31.77 |  |  |  |  |
Outstanding as of December 31, 2023 | 1,653 |  |  | $ | 30.53 |  |  | 8.42 |  | $ | 4,131 |
Vested and expected to vest after December 31, 2023 | 1,653 |  |  | $ | 30.53 |  |  | 8.42 |  | $ | 4,131 |

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