XML 35 R25.htm IDEA: XBRL DOCUMENT v3.23.3

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Stock Options

A summary of the Company’s stock option activity for its Plans is as follows:

						Outstanding Stock Options (in thousands)						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Life (in years)						Aggregate Intrinsic Value (in millions)
Balance as of December 31, 2022						6,112						$	9.81					6.7						$	11.9
Exercised						(1,343)						$	6.79
Cancelled/forfeited						(299)						$	12.53
Balance as of September 30, 2023						4,470						$	10.53					6.4						$	6.0
Vested and exercisable as of September 30, 2023						3,081						$	9.58					5.6						$	5.7

Schedule of Weighted-Average Assumptions and Ranges of Fair Value of Common Stock

For the nine months ended September 30, 2022, the per-share fair value of each stock option was determined on the date of grant using the following weighted-average assumptions:

						Nine Months Ended September 30, 2022
Expected volatility						52.5		%
Expected term (in years)						6.0
Expected dividend yield						0		%
Risk-free interest rate						2.6		%

Schedule of Outstanding Nonvested RSUs

A summary of the Company’s outstanding nonvested restricted stock units (RSUs) for its Plans is as follows:

						Number of Units (in thousands)						Weighted-Average Grant-Date Fair Value
Nonvested as of December 31, 2022						7,405						$	12.27
Granted1						2,632						$	14.73
Vested						(1,711)						$	13.67
Forfeited						(826)						$	13.88
Nonvested as of September 30, 20231						7,500						$	12.64

______________

(1)Includes 0.2 million of target award RSUs with both service-based and performance-based conditions.

Schedule of Stock-based Compensation Expense

The Company recognized stock-based compensation under the Plans and ESPP as follows:

						Three Months Ended September 30,												Nine Months Ended September 30,
(in millions)						2023						2022						2023						2022
Research and development						$	2.9					$	2.8					$	8.4					$	9.0
Sales and marketing						3.5						3.4						10.7						9.1
General and administrative						3.0						2.9						10.2						7.2
Total stock-based compensation						$	9.4					$	9.1					$	29.3					$	25.3

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

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

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in stock options.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration