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Equity-based Compensation
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Equity-based Compensation Equity-based compensation
The Company’s equity-based compensation plans are fully described in Part II, Item 8 "Financial Statements and Supplementary Data—Note 10 to the Consolidated Financial Statements—Equity-based compensation plans" in the 2020 Annual Report on Form 10-K.
A summary of equity-based compensation cost recognized for equity based awards outstanding during the three and six months ended June 30, 2021 and 2020 is as follows:
Three months ended
June 30,
Six Months Ended
June 30,
(in thousands)2021202020212020
QLH Class B units— $681 — $1,947 
QLH restricted Class B-1 units140 — 265 — 
Restricted Class A shares285 — 552 — 
Restricted stock units11,096 — 21,306 — 
Total equity-based compensation$11,521 $681 $22,123 $1,947 
Equity-based compensation cost is allocated to the following expense categories in the consolidated statements of operations during the three and six months ended June 30, 2021 and 2020:
Three months ended
June 30,
Six Months Ended
June 30,
(in thousands)2021202020212020
Cost of revenue$442 $18 $842 $40 
Sales and marketing1,981 79 3,683 155 
Product development1,665 315 2,997 629 
General and administrative7,433 269 14,601 1,123 
Total equity-based compensation$11,521 $681 $22,123 $1,947 
As of June 30, 2021, unrecognized compensation cost related to the QLH restricted Class B-1 units, Restricted Class A shares, and Restricted stock units was $1.1 million, $2.6 million, and $104.8 million, respectively, and will be recognized over weighted-average periods of 2.46 years, 2.67 years, and 2.56 years, respectively.