XML 65 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1

Stock-Based Compensation and Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Share-based Payment Arrangement, Cost by Plan

The following table sets forth stock-based compensation expense recognized by the Company in the following line items in the Company's consolidated statements of operations and comprehensive (loss) income during the periods presented:

			Years Ended December 31,
(in thousands)			2024						2023						2022
Cost of services			$	662					$	613					$	421
Sales and marketing			7,351						11,089						6,634
General and administrative			16,105						10,499						7,573
Stock-based compensation expense			$	24,118					$	22,201					$	14,628

Schedule of Stock-based Compensation Expense

The following table sets forth the Company's stock-based compensation expense by award type during the periods presented:

			Years Ended December 31,
(in thousands)			2024						2023						2022
RSUs			$	12,765					$	9,637					$	3,569
PSUs			9,747						9,372						3,141
Stock Options			459						1,674						6,156
ESPP			1,147						1,518						1,762
Stock-based compensation expense			$	24,118					$	22,201					$	14,628

Schedule of Nonvested Restricted Stock Shares Activity

The following table sets forth the Company's RSU activity during the years ended December 31, 2024, 2023 and 2022:

			Number of Restricted Stock Units						Weighted-Average Grant-Date Fair Value
Nonvested balance as of December 31, 2021			—						—
Granted			525,735						$	25.93
Vested			(890)						—
Forfeited			(7,710)						26.09
Nonvested balance as of December 31, 2022			517,135						$	25.93
Granted			709,175						19.58
Vested			(208,345)						25.66
Forfeited			(25,501)						23.20
Nonvested balance as of December 31, 2023			992,464						$	21.52
Granted			891,598						18.42
Vested			(455,517)						22.10
Forfeited			(241,119)						19.31
Nonvested balance as of December 31, 2024			1,187,426						$	19.42

Schedule of Nonvested Performance-Based Units Activity

The following table sets forth the Company's PSU activity during the years ended December 31, 2024, 2023 and 2022:

			Number of Performance-Based Restricted Stock Units						Weighted-Average Grant-Date Fair Value
Nonvested balance as of December 31, 2021			—						—
Granted			473,371						$	26.76
Vested			—						—
Forfeited			—						—
Nonvested balance as of December 31, 2022			473,371						$	26.76
Granted			657,408						21.46
Vested			—						—
Forfeited			—						—
Nonvested balance as of December 31, 2023			1,130,779						$	23.68
Granted			693,936						18.89
Vested			(122,241)						26.33
Forfeited			(352,116)						22.31
Nonvested balance as of December 31, 2024			1,350,358						$	22.01

Schedule of Stock Options, Valuation Assumptions

The following table sets forth the PSUs weighted-average fair values and assumptions used in the Monte Carlo simulation model during the periods presented:

			Years Ended December 31,
			2024			2023			2022
Weighted-average fair value			$	18.80		$	21.46		$	27.21
Dividend yield			—			—			—
Volatility			51.13		%	75.80		%	77.12		%
Risk-free interest rate			4.13		%	4.14		%	2.87		%
Expected life (in years)			2.99			2.99			2.66

Schedule of Stock Option Activity

The following table sets forth the Company's stock options activity during the year ended December 31, 2024:

			Number of Stock Option Awards						Weighted-Average Grant-Date Fair Value
Nonvested balance as of December 31, 2023			401,075						$	12.62
Granted			—						—
Vested			(401,075)						12.62
Forfeited			—						—
Outstanding stock option awards expected to vest as of December 31, 2024			—						N/A

Schedule of Outstanding Stock Option Activity

The following table reflects changes in the Company's outstanding stock option awards for the year ended December 31, 2024:

			2024
			Number of Stock Option Awards						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value (in thousands)
Outstanding stock option awards at January 1			3,309,222						$	11.65					5.52						$	28,781
Granted			—						—						—						—
Exercises (issuance of shares)			(604,360)						10.04						4.13						90
Forfeitures/expirations			—						—						—						—
Outstanding stock option awards as of December 31			2,704,862						$	12.01					4.60						$	7,540
Options exercisable as of December 31			2,704,862						$	12.01					4.60						$	7,540

The following table reflects changes in the Company's outstanding stock option awards for the year ended December 31, 2023:

			2023
			Number of Stock Option Awards						Weighted- Average Exercise Price						Weighted- Average Remaining Contractual Term (years)						Aggregate Intrinsic Value (in thousands)
Outstanding stock option awards at January 1			3,533,507						$	11.62					6.52						$	26,070
Granted			—						—						—						—
Exercises (issuance of shares)			(216,549)						11.22						5.56						173
Forfeitures/expirations			(7,736)						10.35						6.95						91
Outstanding stock option awards at December 31			3,309,222						$	11.65					5.52						$	28,781
Options exercisable as of December 31			2,908,147						$	11.52					5.39						$	25,682

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

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

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

+ Details

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

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 the changes in outstanding nonvested restricted stock shares.

+ References

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

+ Details

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

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ 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_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
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 performance-based units.

+ References

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

+ Details

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

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 718
-SubTopic 10
-Subparagraph (e)(1)
-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_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

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

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

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
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