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Equity Incentive and Employee Stock Purchase Plan (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Valuation Assumptions of Market-based Restricted Stock Awards Granted

The Monte Carlo valuation model used to estimate the fair value of the market-based awards granted utilized the following weighted-average assumptions:

			December 31, 2022						December 31, 2021
Underlying stock price at valuation date			$	59.66					$	57.06
Expected volatility			43.8		%				35.1		%
Risk-free interest rate			3.6		%				1.3		%
Contractual term			8 years						6.1 years

The Monte Carlo valuation model used by the Former Parent to estimate the fair value of market-based restricted stock awards granted utilized the following weighted-average assumptions:

			December 31,						December 31,
			2021						2020
Underlying stock price at valuation			$	113.27					$	91.17
Expected volatility			30.3		%				27.0		%
Risk-free interest rate			1.3		%				0.7		%
Contractual term			8 years						8 years

Restricted Stock Award Activity

Restricted stock activity for the years ended December 31, 2022 and 2021 is set forth below: 

			Number of Shares						Weighted-Average Grant-Date Fair Value (1)
Nonvested at January 1, 2021			—						$	—
Exchanged in Separation			65,235						38.46
Granted			—						—
Vested			—						—
Canceled			—						—
Nonvested at December 31, 2021			65,235						$	38.46
Granted			884						37.67
Vested			(30,703)						38.50
Canceled			—						—
Nonvested at December 31, 2022			35,416						$	38.42

(1) The Company revised the grant date fair value of certain awards which were inaccurately disclosed related to the prior period. The Company determined that the update of this disclosure did not have a material impact to the current or prior period financial statements.

The restricted stock award activity for the years ended December 31, 2021 and 2020 is set forth below:

			Shares						Weighted-Average Grant-Date Fair Value
Nonvested at January 1, 2020			37,674						$	75.03
Granted			—						—
Vested			(7,785)						76.43
Canceled			(3,020)						77.37
Nonvested at December 31, 2020			26,869						$	57.21
Granted			—						—
Vested			(6,189)						74.52
Canceled			(6,850)						83.14
Adjustment due to Separation			(13,830)						53.72
Nonvested at December 31, 2021			—						$	—

Restricted Stock Unit Activity

Restricted stock unit activity for the years ended December 31, 2022 and 2021 is set forth below:

			Number of Shares						Weighted-Average Grant-Date Fair Value (1)						Weighted-Average Remaining Contractual Life (in Years)						Aggregate Intrinsic Value
Outstanding at January 1, 2021			—						$	—
Exchanged in Separation			125,841						47.15
Granted			887,431						51.22
Vested			—						—
Canceled			(175)						57.15
Outstanding at December 31, 2021			1,013,097						$	50.71
Granted			259,545						57.61
Vested			(165,494)						54.72
Canceled			(24,697)						56.20
Outstanding at December 31, 2022			1,082,451						$	51.63					3.9						$	58,192,566
Vested and expected to vest at December 31, 2022			710,764						$	52.68					3.3						$	38,210,673

(1) The Company revised the grant date fair value of certain awards which were inaccurately disclosed related to the prior period. The Company determined that the update of this disclosure did not have a material impact to the current or prior period financial statements.

The restricted stock unit activity attributable to Consensus employees for the years ended December 31, 2021 and 2020 is set forth below:

			Number of Shares						Weighted-Average Remaining Contractual Life (in Years)						Aggregate Intrinsic Value
Outstanding at January 1, 2020			10,357
Granted			5,431
Vested			(1,734)
Canceled			(360)
Outstanding at December 31, 2020			13,694
Granted			4,416
Vested			(2,470)
Canceled			(8,856)
Adjustment due to Separation			(6,784)
Outstanding at December 31, 2021			—						0.0						$	—
Vested and expected to vest at December 31, 2021			—						0.0						$	—

Valuation Assumptions of Purchase Plan

The compensation expense related to the Purchase Plan has been estimated utilizing the following assumptions:

			December 31, 2022						December 31, 2021
Risk-free interest rate			4.54%						0.05%
Expected term (in years)			0.5						0.5
Dividend yield			0.00%						0.00%
Expected volatility			48.19%						17.89%
Weighted average volatility			48.19%						17.89%

Stock Options Activity

The stock option activity attributable to Consensus employees for the years ended December, 2021 and 2020 is summarized as follows:

			Number of Shares						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Life (In Years)						Intrinsic Value
Options outstanding at January 1, 2020			8,710						$	29.53
Granted			—						—
Exercised			(250)						$	29.53
Canceled			—						—
Options outstanding at December 31, 2020			8,460						$	29.53
Granted			—
Exercised			(250)						29.53
Canceled			—
Adjustment due to Separation			(8,210)
Options outstanding at December 31, 2021			—						$	—					0.0						$	—
Exercisable at December 31, 2021			—						$	—					0.0						$	—
Vested and expected to vest at December 31, 2021			—						$	—					0.0						$	—

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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