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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Restricted Stock Unit Award ("RSU") and Performance Based Restricted Stock Unit Awards ("PRSU") and Multi-year Performance Restricted Stock Units ("MYPSU") Activity (Details)

The following table summarizes the RSU, performance based restricted stock unit awards ("PRSU"), and multi-year performance restricted stock units ("MYPSU") activity for the three and six months ended June 30, 2022:

 

 

 

RSU

 

 

Grant Date

 

 

PRSU

 

 

Grant Date

 

 

MYPSU

 

 

Grant Date

 

 

 

Number of

 

 

Fair Value

 

 

Number of

 

 

Fair Value

 

 

Number of

 

 

Fair Value

 

 

 

Shares

 

 

per share

 

 

Shares

 

 

per share

 

 

Shares

 

 

per share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at December 31, 2021

 

 

2,227,197

 

 

$

40.6

 

 

 

58,954

 

 

$

261.4

 

 

 

 

 

$

-

 

Granted

 

173,291

 

 

 

232.7

 

 

 

11,202

 

 

 

233.1

 

 

 

311,872

 

 

 

88.6

 

Vested

 

 

(217,358

)

 

 

45.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(5,352

)

 

 

117.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at March 31, 2022

 

 

2,177,778

 

 

$

55.1

 

 

 

70,156

 

 

$

256.9

 

 

 

311,872

 

 

$

88.6

 

Granted

 

 

104,555

 

 

 

217.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

(214,327

)

 

 

45.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(21,962

)

 

 

89.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Unvested at June 30, 2022

 

 

2,046,044

 

 

$

62.2

 

 

 

70,156

 

 

$

256.9

 

 

 

311,872

 

 

$

88.6

 

Schedule of Stock-based Compensation Expense Amounts Included in Condensed Consolidated Statement of Operations

The following table presents the detail of stock-based compensation expense amounts included in the condensed consolidated statement of operations for each of the periods presented:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Equity based awards

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

283

 

 

$

428

 

 

$

921

 

 

$

812

 

Research and development

 

 

4,325

 

 

 

2,531

 

 

 

9,700

 

 

 

4,987

 

Selling, general and administrative

 

 

5,805

 

 

 

3,675

 

 

 

13,541

 

 

 

7,010

 

 

 

$

10,413

 

 

$

6,634

 

 

$

24,162

 

 

$

12,809

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liability based awards - to be settled in equity

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

44

 

 

$

33

 

 

$

63

 

 

$

50

 

Research and development

 

 

668

 

 

 

328

 

 

 

888

 

 

 

532

 

Selling, general and administrative

 

 

685

 

 

 

494

 

 

 

979

 

 

 

758

 

 

 

$

1,397

 

 

$

855

 

 

$

1,930

 

 

$

1,340

 

Total stock-based compensation - equity and liability based

 

$

11,810

 

 

$

7,489

 

 

$

26,092

 

 

$

14,149

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liability-based awards - cash settled

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

 

 

$

 

 

$

 

 

$

102

 

Research and development

 

 

 

 

 

37

 

 

 

 

 

 

143

 

Selling, general and administrative

 

 

 

 

 

 

 

 

 

 

 

108

 

 

 

$

 

 

$

37

 

 

$

 

 

$

353

 

Total stock-based compensation expense

 

$

11,810

 

 

$

7,526

 

 

$

26,092

 

 

$

14,502

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation expense recorded to additional paid-in capital

 

 

 

 

 

 

 

 

 

 

 

 

Equity based awards

 

$

10,413

 

 

$

6,634

 

 

$

24,162

 

 

$

12,809

 

Liability based awards - settled in equity

 

 

 

 

 

 

 

 

1,488

 

 

 

1,191

 

Total stock-based compensation expense recorded to additional paid-in capital

 

$

10,413

 

 

$

6,634

 

 

$

25,650

 

 

$

14,000

 

Summary of Unrecognized Compensation Costs and Related Weighted Average Period Of Recognition

The following table presents the unrecognized compensation costs and related weighted average period of recognition as of June 30, 2022:

 

 

 

As of

 

 

 

June 30, 2022

 

 

 

Unrecognized Compensation Costs (in millions)

 

 

Weighted Average Period of Recognition (in years)

 

RSUs

 

$

120.3

 

 

 

2.4

 

PRSUs

 

$

-

 

 

 

-

 

MYPSUs

 

$

23.9

 

 

 

1.5

 

Liability-based awards

 

$

0.5

 

 

 

0.4