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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

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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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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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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.

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