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Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Equity [Abstract]  
Schedule of Stock-Based Compensation Expense Recognized

The amount of stock-based compensation expense recognized in our Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2022 and 2021 was as follows (in millions):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Condensed Consolidated Statements of Comprehensive Income Classification

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of software-enabled services

 

$

17.2

 

 

$

9.7

 

 

$

32.3

 

 

$

20.7

 

Cost of license, maintenance and other related

 

 

1.8

 

 

 

1.4

 

 

 

2.7

 

 

 

3.1

 

Total cost of revenues

 

 

19.0

 

 

 

11.1

 

 

 

35.0

 

 

 

23.8

 

Selling and marketing

 

 

7.6

 

 

 

5.1

 

 

 

15.7

 

 

 

9.7

 

Research and development

 

 

5.3

 

 

 

3.6

 

 

 

10.3

 

 

 

7.2

 

General and administrative

 

 

14.1

 

 

 

7.9

 

 

 

24.9

 

 

 

14.8

 

Total operating expenses

 

 

27.0

 

 

 

16.6

 

 

 

50.9

 

 

 

31.7

 

Total stock-based compensation expense

 

$

46.0

 

 

$

27.7

 

 

$

85.9

 

 

$

55.5

 

Summary of Stock Option and Stock Appreciation Rights ("SARs") Restricted Stock Units ("RSUs") and Performance Stock Units ("PSU") Activity

The following table summarizes stock option and stock appreciation rights (“SARs”) activity, as well as performance stock units (“PSUs”) activity, for the six months ended June 30, 2022 (shares in millions):

 

 

Stock Options and SARs

 

 

PSUs

 

 

Outstanding at December 31, 2021

 

 

44.9

 

 

 

0.4

 

 

Granted

 

 

0.1

 

 

 

0.9

 

 

Cancelled/forfeited

 

 

(0.8

)

 

 

 

 

Exercised

 

 

(1.3

)

 

 

 

 

Outstanding at June 30, 2022

 

 

42.9

 

 

 

1.3