XML 65 R40.htm IDEA: XBRL DOCUMENT v3.24.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure Of Compensation Related Costs Share-based Payments [Abstract]  
Summary of Share-Based Compensation Expense

The amount of share-based compensation expense recognized by the Company by location in its Statements of Operations for the years ended December 31, 2023, 2022 and 2021 is as follows (in thousands):

Years ended December 31, 

2023

2022

2021

Cost of revenues

$

140

$

130

$

79

Sales and marketing

 

2,330

 

4,286

 

2,096

General and administrative

 

4,172

 

3,868

 

5,496

Research and development

 

677

 

462

 

198

Total

$

7,319

$

8,746

$

7,869

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the years ended December 31, 2023, 2022 and 2021:

    

    

    

    

    

Weighted-

    

Aggregate

Number of

Weighted-

average

average

Shares under

average

Remaining

Intrinsic

Option

Exercise Price

Contractual

Value

(in thousands)

per Option

Life (in years)

(in thousands)

Outstanding at December 31, 2020

 

2,365

$

4.62

 

  

 

  

Granted

 

$

 

  

 

  

Exercised

 

(698)

$

4.01

 

  

 

  

Forfeited

 

(168)

$

14.32

 

  

 

  

Outstanding at December 31, 2021

 

1,499

$

4.01

 

  

 

  

Granted

 

$

 

  

 

  

Exercised

 

(168)

$

1.77

 

  

 

  

Forfeited

 

(30)

$

13.81

 

  

 

  

Outstanding at December 31, 2022

 

1,301

$

4.07

 

 

Granted

 

$

 

  

 

  

Exercised

 

(1)

$

1.63

 

 

  

Forfeited

 

(30)

$

11.67

 

  

 

  

Outstanding at December 31, 2023

 

1,270

$

3.90

 

6.0

 

$

862

Exercisable at December 31, 2023

 

1,123

$

4.15

 

6.0

 

$

728

Vested and expected to vest at December 31, 2023

 

1,270

$

3.90

 

6.0

 

$

862

Summary of Restricted Stock Units and Performance Restricted Stock Units Activity

The following table summarizes the Company’s restricted stock unit and performance restricted stock unit activity for the years ended December 31, 2023, 2022 and 2021:

    

Non-vested

    

Weighted-

    

Non-vested

    

Weighted-

Restricted

average

PRSUs

average

Stock Units

Grant-date

Grant-date

(in thousands)

Fair Value

(in thousands)

Fair Value

Non-vested at December 31, 2020

 

1,860

$

3.58

 

500

$

1.71

Granted

 

1,008

$

11.51

 

145

$

15.59

Vested

 

(780)

$

3.63

 

(250)

$

1.77

Forfeited

(359)

$

7.86

$

Non-vested at December 31, 2021

 

1,729

$

7.29

 

395

$

6.77

Granted

 

2,902

$

3.36

 

$

Vested

 

(705)

$

7.32

 

$

Forfeited

 

(420)

$

5.35

 

$

Non-vested at December 31, 2022

3,506

$

4.29

 

395

$

6.77

Granted

 

1,674

$

4.68

 

$

Vested

 

(1,823)

$

4.32

 

$

Forfeited

 

(392)

$

5.50

 

$

Non-vested at December 31, 2023

 

2,965

$

4.37

 

395

$

6.77

Summary of Inputs and Assumptions in the Monte Carlo Simulation Valuation Model

2021

 

Closing price of common stock

$

15.92

Risk-free interest rate

 

1.15

%

Expected volatility

 

99.7

%