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Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2021
Employee Benefits And Share Based Compensation [Abstract]  
Schedule of Stock Option Activity

Stock option activity was as follows:

 

 

 

Number of

Shares

 

 

Weighted Average Exercise Price Per Share

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

 

 

 

(In thousands)

 

 

(In dollars)

 

 

(In years)

 

 

(In thousands)

 

Outstanding as of December 31, 2020

 

 

1,333

 

 

$

27.86

 

 

 

 

 

 

 

 

 

Exercised

 

 

(421

)

 

$

22.81

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2021

 

 

912

 

 

$

30.19

 

 

 

6.11

 

 

$

2,487

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

 

912

 

 

$

30.19

 

 

 

6.11

 

 

$

2,487

 

Exercisable Options

 

 

717

 

 

$

30.96

 

 

 

5.74

 

 

$

2,008

 

 

Schedule of Ranges of Outstanding And Exercisable Stock Options

The following table summarizes significant ranges of outstanding and exercisable stock options as of December 31, 2021:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of Exercise Prices

 

Shares

Outstanding

 

 

Weighted-

Average

Remaining

Contractual

Life

 

 

Weighted-

Average

Exercise

Price Per

Share

 

 

Shares

Exercisable

 

 

Weighted-

Average

Exercise

Price Per

Share

 

 

 

(In thousands)

 

 

(In years)

 

 

(In dollars)

 

 

(In thousands)

 

 

(In dollars)

 

$18.58 - $25.37

 

 

264

 

 

 

4.09

 

 

$

23.43

 

 

 

264

 

 

$

23.43

 

$26.61 - $26.61

 

 

370

 

 

 

7.55

 

 

$

26.61

 

 

 

186

 

 

$

26.61

 

$38.32 - $41.67

 

 

278

 

 

 

6.12

 

 

$

41.37

 

 

 

267

 

 

$

41.42

 

$18.58 - $41.67

 

 

912

 

 

 

6.11

 

 

$

30.19

 

 

 

717

 

 

$

30.96

 

Schedule of RSU Activity

RSU activity was as follows:

 

 

 

Number

of Shares

 

 

Weighted Average Grant Date Fair Value Per Share

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Average

Intrinsic

Value

 

 

 

(In thousands)

 

 

(In dollars)

 

 

(In years)

 

 

(In thousands)

 

Outstanding as of December 31, 2020

 

 

1,584

 

 

$

30.66

 

 

 

 

 

 

 

 

 

Granted

 

 

763

 

 

$

38.53

 

 

 

 

 

 

 

 

 

Vested

 

 

(645

)

 

$

31.65

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(147

)

 

$

33.28

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2021

 

 

1,555

 

 

$

33.86

 

 

 

1.38

 

 

$

45,414

 

 

 

Schedule of Performance Shares Activity

Performance shares were never granted in the years prior to 2020. Performance shares activity was as follows:

 

 

Number

of Shares

 

 

Weighted Average Grant Date Fair Value Per Share

 

 

Weighted

Average

Remaining

Contractual

Term

 

 

Average

Intrinsic

Value

 

 

 

(In thousands)

 

 

 

 

 

 

(In years)

 

 

(In thousands)

 

Outstanding as of December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

141

 

 

$

28.22

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2020

 

 

141

 

 

$

28.22

 

 

 

 

 

 

 

 

 

Granted

 

 

152

 

 

$

37.58

 

 

 

 

 

 

 

 

 

Vested

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of December 31, 2021

 

 

293

 

 

$

33.07

 

 

 

2.08

 

 

$

8,559

 

 

Schedule of Weighted Average Assumptions The following table sets forth the weighted-average assumptions used to estimate the fair value of purchase rights granted under the ESPP:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

ESPP

 

Expected life (in years)

 

 

0.5

 

 

 

0.5

 

 

 

0.5

 

Risk-free interest rate

 

 

0.05

%

 

 

0.72

%

 

 

2.06

%

Expected volatility

 

 

40.8

%

 

 

54.8

%

 

 

43.9

%

 

Schedule of Total Stock-Based Compensation Expense Resulting from Stock Options, RSUs, Performance Shares and the ESPP

The following table sets forth the stock-based compensation expense resulting from stock options, RSUs, performance shares and the ESPP included in the Company’s consolidated statements of operations:

 

 

 

Year Ended December 31,

 

 

 

2021

 

 

2020

 

 

2019

 

 

 

(In thousands)

 

Cost of revenue

 

$

2,103

 

 

$

4,091

 

 

$

2,843

 

Research and development

 

 

5,161

 

 

 

5,183

 

 

 

6,532

 

Sales and marketing

 

 

7,628

 

 

 

7,634

 

 

 

9,069

 

General and administrative

 

 

11,103

 

 

 

13,597

 

 

 

10,693

 

Total

 

$

25,995

 

 

$

30,505

 

 

$

29,137