XML 21 R10.htm IDEA: XBRL DOCUMENT v3.25.2
Equity
 6 Months Ended
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,
2025202420252024
Restricted stock units
$3,172 $4,296 $6,309 $8,932 
Performance-based stock units500 467 946 874 
Common stock options151 343 317 743 
Employee stock purchase program53 — 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,
 2025202420252024
Marketing and advertising$585 $711 $1,082 $1,355 
Customer care and enrollment332 511 596 1,035 
Technology and content680 779 1,368 1,753 
General and administrative2,279 3,105 4,619 6,503 
Total stock-based compensation expense$3,876 $5,106 $7,665 $10,646 
Amount capitalized for internal-use software140 202 248 380 
Total stock-based compensation$4,016 $5,308 $7,913 $11,026