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Stock-based Compensation
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation

8. Stock-based Compensation

For the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022 and 2021, stock compensation expense by award type and where the stock compensation expense was recognized in the Company’s Unaudited Condensed Consolidated Income Statements is as follows:

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Options

 

$

646

 

 

$

635

 

 

$

1,290

 

 

$

1,252

 

Restricted stock units

 

 

12,786

 

 

 

13,944

 

 

 

26,289

 

 

 

27,687

 

CO Incentive Units and Subject Units

 

 

13,025

 

 

 

7,961

 

 

 

26,720

 

 

 

8,994

 

Total

 

$

26,457

 

 

$

22,540

 

 

$

54,299

 

 

$

37,933

 

 

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of revenue

 

$

69

 

 

$

109

 

 

$

205

 

 

$

201

 

Sales and marketing expense

 

 

4,086

 

 

 

3,571

 

 

 

8,069

 

 

 

6,323

 

Product, technology, and development expense

 

 

6,151

 

 

 

6,230

 

 

 

12,519

 

 

 

12,002

 

General and administrative expense

 

 

16,151

 

 

 

12,630

 

 

 

33,506

 

 

 

19,407

 

Total

 

$

26,457

 

 

$

22,540

 

 

$

54,299

 

 

$

37,933

 

 

For the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022 and 2021, excluded from stock-based compensation expense is $1,265, $866, $2,471, and $1,435 of capitalized website development costs, capitalized internal-use software costs and capitalized hosting arrangements, respectively.

 

During the three months ended June 30, 2022 and 2021 and the six months ended June 30, 2022 and 2021, the Company withheld 147,533, 126,703, 303,269, and 289,653 shares of Class A common stock, respectively, to satisfy employee tax withholding requirements for net share settlements of equity awards. The shares withheld return to the authorized, but unissued pool under the Company's Omnibus Incentive Compensation Plan and can be reissued by the Company. For the three months ended June 30, 2022 and 2021 and for the six months ended June 30, 2022 and 2021, total payments to satisfy employee tax withholding requirements and for option exercise costs due to net share settlements and cashless exercises of options were $5,830, $3,167, $11,260, and $8,208, respectively, and are reflected as a financing activity in the Unaudited Condensed Consolidated Statements of Cash Flows.