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STOCK-BASED AWARDS | 9 Months Ended
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Sep. 30, 2023
Share-Based Payment Arrangement [Abstract] |
STOCK-BASED AWARDS | 12. STOCK-BASED AWARDS Stock-based compensation expense is classified within the corresponding operating expense categories on our consolidated statements of operations as follows (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Cost of goods sold | $ | 11 |  |  | $ | 32 |  |  | $ | 41 |  |  | $ | 99 |
Sales and marketing | 249 |  |  | 5 |  |  | 677 |  |  | 595 |
Technology | 2,286 |  |  | 1,735 |  |  | 7,317 |  |  | 5,517 |
General and administrative | 3,252 |  |  | 2,284 |  |  | 9,828 |  |  | 7,179 |
Total stock-based compensation | $ | 5,798 |  |  | $ | 4,056 |  |  | $ | 17,863 |  |  | $ | 13,390 |
Overstock restricted stock awards The Overstock.com, Inc. Amended and Restated 2005 Equity Incentive Plan provides for the grant of restricted stock units to employees and directors of the Company and other types of equity awards of the Company. These restricted stock awards generally vest over three years at 33.3% at the end of the first year, 33.3% at the end of the second year and 33.4% at the end of the third year, subject to the recipient's continuing service to us. The following table summarizes restricted stock award activity (in thousands, except per share data):
| Nine months ended September 30, 2023
| Units |  | Weighted Average Grant Date Fair Value
Outstanding—beginning of year | 781 |  |  | $ | 50.17 |
Granted at fair value | 1,078 |  |  | 21.01 |
Vested | (365) |  |  | 40.56 |
Forfeited | (128) |  |  | 36.26 |
Outstanding—end of period | 1,366 |  |  | $ | 40.36 |
Employee Stock Purchase Plan Purchases under the Overstock.com, Inc. 2021 Employee Stock Purchase Plan (the "ESPP") during the nine months ended September 30, 2023 and 2022 were 117,687 shares and 83,570 shares, respectively, at an average purchase price per share of $16.25 and $35.41, respectively. At September 30, 2023, approximately 2.8 million shares of common stock remained available under the ESPP. Stock-based compensation related to the ESPP is included in the stock-based compensation expense table above combined with the expense associated with our restricted stock units. Stock-based compensation related to the ESPP was $437,000 and $576,000 for the three months ended September 30, 2023 and 2022, respectively, and $1.5 million and $1.8 million for the nine months ended September 30, 2023 and 2022, respectively.

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