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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Payment Arrangement, Expensed and Capitalized, Amount

Total stock-based compensation expense is recorded in the Consolidated Statements of Operations as follows (in thousands):

			Year Ended December 31,
			2023						2022						2021
Cost of revenue			$	660					$	807					$	1,093
Sales and marketing			12,537						10,858						17,865
Research and development			35,352						30,985						34,230
General and administrative			35,686						34,306						54,070
Total stock-based compensation			$	84,235					$	76,956					$	107,258

Schedule of Stock Options Roll Forward

A summary of the Company’s stock option activity under Plans for the year ended December 31, 2023 is as follows (in thousands, except weighted average information):

			Number of Options Outstanding						Weighted Average Exercise Price Per Share						Weighted Average Remaining Contractual Term (in years)						Aggregate Intrinsic Value
Outstanding at December 31, 2022			6,746						$	2.31					4.2						$	95,188
Granted			—						—
Exercised			(1,547)						2.44
Forfeited/Canceled			(40)						2.55
Outstanding at December 31, 2023			5,159						$	2.27					3.5						$	59,998
Exercisable at December 31, 2023			5,086						$	2.27					3.5						$	59,158

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

The weighted average assumptions that were used to calculate the grant date fair value of the Company’s stock option grants for the year ended December 31, 2021 were as follows:

															2021
Expected dividend yield															—		%
Expected stock price volatility															58.0		%
Risk-free interest rate															1.0		%
Expected term (in years)															6.2
Fair value of common stock															$	25.10

Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Tranche			Number of RSUs Eligible to Vest			Company Stock Price Target			Minimum Service Period (in years)
1			279,600			$67.61			1
2			279,600			$82.63			2
3			279,600			$102.66			3
4			279,600			$127.70			4
5			279,600			$157.75			5

Schedule of Nonvested Restricted Stock Units Activity

A summary of the Company’s RSU activity for the year ended December 31, 2023 is as follows (in thousands, except weighted average information):

			Number of Shares						Weighted Average Grant Date Fair Value Per Share
Unvested at December 31, 2022			7,641						$	21.20
Granted			5,094						20.03
Vested			(3,078)						22.58
Forfeited/Canceled			(2,982)						19.31
Unvested at December 31, 2023			6,675						$	20.36

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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.

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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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.

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