XML 39 R24.htm IDEA: XBRL DOCUMENT
v3.22.2

STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Share-based Payment Arrangement [Abstract] |
Allocation of recognized period costs | The following table summarizes the allocation of stock-based compensation in the condensed consolidated statements of operations (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2021 |  | 2022 |  | 2021 |  | 2022
Delivery costs | $ | 521 |  |  | $ | 914 |  |  | $ | 830 |  |  | $ | 1,496 |
Sales and marketing expense | 3,655 |  |  | 3,633 |  |  | 6,087 |  |  | 7,337 |
Research and development expense | 2,448 |  |  | 4,247 |  |  | 3,962 |  |  | 7,451 |
General and administration expense | 6,713 |  |  | 4,048 |  |  | 9,706 |  |  | 10,143 |
Total stock-based compensation expense | $ | 13,337 |  |  | $ | 12,842 |  |  | $ | 20,585 |  |  | $ | 26,427 |
Summary of common stock option activity | Options to purchase shares of common stock generally vest over four years and expire 10 years following the date of grant. The following table summarizes changes in common stock options:
| Shares (in thousands) |  | Weighted-Average Exercise Price |  | Weighted Average Contractual Life (in years) |  | Aggregate Intrinsic Value(1) (in thousands)
Options outstanding — December 31, 2021 | 406 |  |  | $ | 25.17 |  |  |  |  |
Exercised | (16) |  |  | 23.77 |  |  |  |  | $ | 335 |
Options outstanding and exercisable — June 30, 2022 | 389 |  |  | $ | 25.22 |  |  | 4.35 |  | $ | 543 |
(1)For options exercised during the period, the aggregate intrinsic value represents the total pre-tax intrinsic value received by option holders based on the closing price of our common stock as reported on the Nasdaq Global Market on the exercise date. For options outstanding and exercisable at June 30, 2022, the aggregate intrinsic value represents the total pre-tax intrinsic value based on the $22.31 per share closing price of our common stock as reported on the Nasdaq Global Market on June 30, 2022, that would have been received by option holders had all in-the-money options been exercised on that date. The following table summarizes changes in common stock options from the Bridg acquisition:
| Shares (in thousands) |  | Weighted-Average Exercise Price |  | Weighted Average Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)(1)
Options outstanding — December 31, 2021 | 18 |  |  | $ | 8.45 |  |  |  |  |
Exercised | (2) |  |  | 8.49 |  |  |  |  | 86 |
Forfeited | (11) |  |  | 8.37 |  |  |  |  |
Options outstanding — June 30, 2022 | 3 |  |  | 8.73 |  |  | 8.85 |  | 47 |
Exercisable — June 30, 2022 | 3 |  |  | $ | 8.75 |  |  |  |  |
(1)For options exercised during the period, the aggregate intrinsic value represents the total pre-tax intrinsic value received by option holders based on the closing price of our common stock as reported on the Nasdaq Global Market on the exercise date. For options outstanding and exercisable at June 30, 2022, the aggregate intrinsic value represents the total pre-tax intrinsic value based on the $22.31 per share closing price of our common stock as reported on the Nasdaq Global Market on June 30, 2022, that would have been received by option holders had all in-the-money options been exercised on that date. The following table summarizes changes in common stock options from the Dosh acquisition:
| Shares (in thousands) |  | Weighted-Average Exercise Price |  | Weighted Average Contractual Life (in years) |  | Aggregate Intrinsic Value (in thousands)(1)
Options outstanding — December 31, 2021 | 30 |  |  | $ | 3.06 |  |  |  |  |
Exercised | (5) |  |  | 3.06 |  |  |  |  | $ | 221 |
Forfeited | (4) |  |  | 3.06 |  |  |  |  |
Options outstanding — June 30, 2022 | 21 |  |  | 3.06 |  |  | 8.68 |  | $ | 395 |
Exercisable — June 30, 2022 | 6 |  |  | $ | 3.06 |  |  |  |  |
(1)For options exercised during the period, the aggregate intrinsic value represents the total pre-tax intrinsic value received by option holders based on the closing price of our common stock as reported on the Nasdaq Global Market on the exercise date. For options outstanding and exercisable at June 30, 2022, the aggregate intrinsic value represents the total pre-tax intrinsic value based on the $22.31 per share closing price of our common stock as reported on the Nasdaq Global Market on June 30, 2022, that would have been received by option holders had all in-the-money options been exercised on that date.
Summary of RSU activity | We grant restricted stock units ("RSUs") to employees and our non-employee directors. The following table summarizes changes in RSUs, inclusive of performance-based RSUs:
| Shares (in thousands) |  | Weighted-Average Grant Date Fair Value |  | Weighted-Average Remaining Contractual Term (in years) |  | Unamortized Compensation Costs (in thousands)
Unvested — December 31, 2021 | 2,294 |  |  | $ | 60.58 |  |  |  |  |
Granted | 2,072 |  |  | 51.90 |  |  |  |  |
Vested | (504) |  |  | 51.95 |  |  |  |  |
Forfeited | (281) |  |  | 73.54 |  |  |  |  |
Unvested — June 30, 2022 | 3,581 |  |  | $ | 55.75 |  |  | 3.00 |  | $ | 166,750 |

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 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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
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 restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration