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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Allocation of Stock-Based Compensation

Stock-based Compensation

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Stock-based compensation:

 

 

 

 

 

 

 

 

Cost of revenue

 

$

745

 

 

$

669

 

Sales and marketing

 

 

2,152

 

 

 

1,928

 

Research, development and engineering

 

 

1,890

 

 

 

1,466

 

General and administrative

 

 

4,328

 

 

 

4,151

 

Stock-based compensation expense

 

 

9,115

 

 

 

8,214

 

Capitalized to software and patent costs

 

 

158

 

 

 

174

 

Total stock-based compensation

 

$

9,273

 

 

$

8,388

 

Unrecognized Compensation Cost Related to Non-Vested Stock-Based Awards Granted

The following table sets forth total unrecognized compensation cost related to non-vested stock-based awards granted under the Company’s equity compensation plans:

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Total unrecognized compensation costs

 

$

14,416

 

 

$

13,535

 

Weighted Average Period for Recognition of Unrecognized Compensation Cost for Stock Options and Restricted Stock

The Company expects to recognize the total unrecognized compensation costs as of December 31, 2020 for stock options, restricted stock and restricted stock unit awards over weighted average periods through December 31, 2024 as follows:

 

 

 

Stock

 

Restricted

 

 

 

 

 

 

Options

 

Stock

 

RSUs

 

PRSUs

Weighted average period

 

1.35 years

 

1.36 years

 

1.75 years

 

2.00 years

Black Scholes Option Valuation [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Option Valuation Assumptions

Black Scholes Option Valuation Inputs:

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Stock price

 

$

15.36

 

 

$

39.54

 

Expected life (years)

 

 

3.25

 

 

 

3.20

 

Expected volatility

 

 

70.91

%

 

 

58.68

%

Risk-free interest rate

 

 

0.25

%

 

 

1.51

%

Expected dividend yield

 

 

0

%

 

 

0

%

Monte Carlo Valuation [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Stock Option Valuation Assumptions

Monte Carlo Simulation Inputs:

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Stock price

 

$

16.49

 

 

$

 

Expected volatility

 

 

72.50

%

 

 

 

Risk-free interest rate

 

 

0.14

%