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Equity | 6 Months Ended
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Jun. 30, 2025
Stockholders' Equity Note [Abstract] |
Equity | Equity 2024 Equity Incentive Plan – On June 18, 2025, upon approval at our annual meeting of stockholders, we amended and restated our 2024 Equity Plan (as amended and restated, the “A&R 2024 Equity Plan”) to reserve an additional 1,500,000 shares of our common stock. As of June 30, 2025, 1.4 million shares were issued pursuant to equity awards under the A&R 2024 Equity Plan. Stock Repurchase Programs – We had no stock repurchase activity during the three and six months ended June 30, 2025 or 2024 except for the repurchase of shares to satisfy employee tax withholding obligations. As of June 30, 2025 and 2024, we had a total of 13.7 million and 13.1 million shares, respectively, held in treasury. As of June 30, 2025 and 2024, we had 3.0 million and 2.4 million shares, respectively, in treasury that were previously surrendered by employees to satisfy tax withholding due in connection with the vesting of certain restricted stock units as well as 10.7 million shares previously repurchased under our past repurchase programs. For accounting purposes, common stock repurchased under our stock repurchase programs is recorded based upon the settlement date of the applicable trade. Such repurchased shares are held in treasury and are presented using the cost method. Stock-Based Compensation Expense – Our stock-based compensation expense is summarized by award types for the periods presented below (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Restricted stock units | $ | 3,172 |  |  | $ | 4,296 |  |  | $ | 6,309 |  |  | $ | 8,932 |
Performance-based stock units | 500 |  |  | 467 |  |  | 946 |  |  | 874 |
Common stock options | 151 |  |  | 343 |  |  | 317 |  |  | 743 |
Employee stock purchase program | 53 |  |  | — |  |  | 93 |  |  | 97 |
Total stock-based compensation expense | $ | 3,876 |  |  | $ | 5,106 |  |  | $ | 7,665 |  |  | $ | 10,646 |
Related tax benefit recognized | $ | 935 |  |  | $ | 1,255 |  |  | $ | 1,846 |  |  | $ | 2,612 |
The following table summarizes stock-based compensation expense by operating function for the periods presented (in thousands):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Marketing and advertising | $ | 585 |  |  | $ | 711 |  |  | $ | 1,082 |  |  | $ | 1,355 |
Customer care and enrollment | 332 |  |  | 511 |  |  | 596 |  |  | 1,035 |
Technology and content | 680 |  |  | 779 |  |  | 1,368 |  |  | 1,753 |
General and administrative | 2,279 |  |  | 3,105 |  |  | 4,619 |  |  | 6,503 |
Total stock-based compensation expense | $ | 3,876 |  |  | $ | 5,106 |  |  | $ | 7,665 |  |  | $ | 10,646 |
Amount capitalized for internal-use software | 140 |  |  | 202 |  |  | 248 |  |  | 380 |
Total stock-based compensation | $ | 4,016 |  |  | $ | 5,308 |  |  | $ | 7,913 |  |  | $ | 11,026 |

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- Definition The entire disclosure for shareholders' equity and share-based payment arrangement. Includes, but is not limited to, disclosure of policy and terms of share-based payment arrangement, deferred compensation arrangement, and employee stock purchase plan (ESPP). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent + Details
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