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Equity-based Compensation
 6 Months Ended
Jun. 30, 2022
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 9 to the Consolidated Financial Statements—Equity-based compensation plans" in the 2021 Annual Report on Form 10-K and below as it relates to PRSUs.
Performance-Based Restricted Stock Units
In April 2022, the Company granted PRSUs to certain officers under the 2020 Omnibus Incentive Plan. Each PRSU represents the right to receive one share of Class A common stock upon vesting. The PRSUs granted vest based on the achievement of certain performance measures, as determined by the Compensation Committee of the Company's Board of Directors, with the resulting value earned divided by the weighted-average closing price of the Company's Class A common stock for the 90-day period preceding such determination to yield the number of PRSUs to be vested. The expected vesting period of such PRSUs is approximately one year.
The PRSUs are liability-classified awards, as they are based on a fixed dollar amount to be settled in a variable number of shares. At each reporting period, the Company recognizes any related expense based on the estimated probability of the achievement of these performance measures and the portion of the requisite service period completed. The amount of expense
recognized in any period can vary based on changes in the expected achievement of the specified performance measures. If such performance measures are determined to be not likely to be met, or are ultimately not met, no further expense is recognized and any previously recognized expense is reversed. Upon vesting of the PRSUs, the Company will issue the resulting number of shares of Class A common stock to the officers.
Equity-based compensation cost recognized for equity based awards outstanding during the three and six months ended June 30, 2022 and 2021 was as follows:
Three months ended
June 30,		Six Months Ended
June 30,
(in thousands)2022202120222021
QLH Class B units$— $— $— $— 
QLH restricted Class B-1 units47 140 132 265 
Restricted Class A shares213 285 561 552 
Restricted stock units15,520 11,096 28,860 21,306 
Performance restricted stock units63 — 63 — 
Total equity-based compensation$15,843 $11,521 $29,616 $22,123 
Equity-based compensation cost was allocated to the following expense categories in the consolidated statements of operations during the three and six months ended June 30, 2022 and 2021:
Three months ended
June 30,		Six Months Ended
June 30,
(in thousands)2022202120222021
Cost of revenue$1,240 $442 $1,638 $842 
Sales and marketing2,769 1,981 5,474 3,683 
Product development2,646 1,665 4,895 2,997 
General and administrative9,188 7,433 17,609 14,601 
Total equity-based compensation$15,843 $11,521 $29,616 $22,123 
As of June 30, 2022, total unrecognized compensation cost related to unvested QLH restricted Class B-1 units, restricted Class A shares, restricted stock units, and PRSUs was $0.2 million, $1.3 million, $108.0 million, and $0.2 million, respectively, which are expected to be recognized over weighted-average periods of 1.11 years, 1.41 years, 2.43 years, and 0.70 years, respectively.