XML 48 R40.htm IDEA: XBRL DOCUMENT v3.23.3
Stock-Based Compensation and Employee Benefit Plans (Tables)
6 Months Ended
Jun. 30, 2022
Supplemental Condensed Consolidated Balance Sheet Information [Abstract]  
Schedule of Valuation of Options Granted The following table summarizes the Company’s assumptions used in the valuation of options granted during the year ended December 31, 2021:
Volatility   40% 
Risk-free interest rate   1.10% – 1.63% 
Dividend yield   0.00% 
0% Expected life (years)   10 
Forfeiture rate   0.00% 
Schedule of Option Activity under the Company's Stock Option Plans The following table presents option activity under the Company’s stock option plans for the six months ended June 30, 2022 and the year ended December 31, 2021:
(In thousands, except share and per share data)  Number of
Options
   Weighted-
Average
Exercise
Price
   Aggregate
Intrinsic
Value
 
Options outstanding at December 31, 2020   15,666   $702.00   $
 
Granted   7,600    2,426.00      
Exercised   (3,288)   646.00      
Forfeited   (2,151)   796.00      
Canceled   (5)   886.00      
Options outstanding at December 31, 2021   17,822    1,436.00   $62.86 
Granted   
    
      
Exercised   (43)   458.00      
Forfeited   (759)   1,362.00      
Canceled   (565)   2,330.00      
Options outstanding at June 30, 2022   16,455   $1,410.00   $
 
                
Options vested and exercisable as of June 30, 2022   11,384   $1,152.00      
Options vested and expected to vest as of June 30, 2022   15,795   $1,386.00