XML 51 R35.htm IDEA: XBRL DOCUMENT v3.24.1

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award

RSU activity for the year ended December 31, 2023 was as follows:

			Shares						Weighted-average grant date fair value per share
Unvested balance as of December 31, 2022			3,716,061						$	6.60
Granted			4,576,424						$	5.06
Vested			(2,614,981)						$	6.06
Forfeited			(420,671)						$	5.38
Unvested balance as of December 31, 2023			5,256,833						$	5.63

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following table summarizes the Black-Scholes option pricing model weighted-average assumptions used in estimating the fair value of stock options granted to employees during the year ended December 31, 2022. No stock options were granted during the year ended December 31, 2023.

			For the Year Ended December 31,
			2022
Expected term (in years)			6
Expected volatility			49.0		%
Risk-free interest rate			1.20		%
Expected dividend yield			—		%

The following table summarizes the Black-Scholes option pricing model weighted-average assumptions used in estimating the fair value of the stock purchase rights granted to employees under the ESPP for the years ended December 31, 2023 and 2022:

			For the Years Ended December 31,
			2023						2022
Expected term (in years)			0.5 - 2.0						0.5 - 2.0
Expected volatility			46% - 64%						45% - 68%
Risk-free interest rate			4.29% - 5.43%						0.10% - 4.75%
Expected dividend yield			—		%				—		%

Share-based Payment Arrangement, Option, Activity

A summary of equity award activity under the Company’s equity plans and related information is as follows (in thousands, except share, price and year data):

			Shares available for grant						Outstanding Equity Awards						Weighted- average exercise Price						Weighted- average remaining contractual life (years)						Aggregate intrinsic value
Balance as of December 31, 2022			1,836,566						12,371,281						$	5.74					6.07						$	32,385
Shares authorized			9,102,074
Options granted			—						—						—
Options exercised			—						(2,446,846)						1.89
Options cancelled			617,293						(617,293)						10.87
RSU award activity			(4,155,753)						—
Balance as of December 31, 2023			7,400,180						9,307,142						$	6.41					5.57						$	31,250
Vested and exercisable as of December 31, 2023									7,747,252						$	5.24					5.17						$	29,480

Stock-based Compensation Expense

Stock-based compensation expense included in the consolidated statements of operations was as follows (in thousands):

			For the Years Ended December 31,
			2023						2022
Cost of revenue			$	1,986					$	1,267
Research and development			9,218						6,698
Sales and marketing			8,801						5,360
General and administrative			5,172						3,724
Total stock-based compensation expense			$	25,177					$	17,049

X

- References

No definition available.

+ Details

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

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

- 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 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
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-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