Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Stock-Based Compensation

Summary of Stock-Based Compensation Expense

The following table presents stock-based compensation expense as allocated within the Company’s Consolidated Statements of Operations:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2021		2020		2021		2020
	(in thousands)
Cost of revenue	$	245	$	110	$	663	$	245
Sales and marketing		141		200		500		1,021
Research and development		2		14		34		33
General and administrative		712		942		3,452		2,287
Total stock-based compensation	$	1,100	$	1,266	$	4,649	$	3,586

Summary of Option and Restricted Stock Activity

A summary of the Company’s stock option activity and related information was as follows:

					Weighted-
			Weighted-		Average
			Average		Remaining
			Exercise		Contractual
	Shares		Price		Life (Years)		Intrinsic Value
	(in thousands)						(in thousands)
Outstanding as of December 31, 2020		3,030	$	2.09			$	1,372
Exercised		(275)	$	1.18
Expired and/or forfeited		(808)	$	2.02
Outstanding as of September 30, 2021		1,947	$	2.25		6.19	$	283
Exercisable as of September 30, 2021		1,843	$	2.31		6.10	$	245

Summary of Additional Information Concerning Vested RSUs and PSUs

A summary of the Company’s RSU and PSU activity and related information was as follows:

			Weighted-
			Average Grant
	Units		Date Fair Value
	(in thousands)
Non-vested as of December 31, 2020		7,015	$	1.55
Granted		4,791	$	1.52
Vested(1)		(1,882)	$	1.65
Forfeited		(1,439)	$	1.61
Non-vested as of September 30, 2021		8,485	$	1.50

(1) 1,758 shares of common stock were issued for RSUs and PSUs vested and the remaining 124 shares were withheld for taxes.