Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Schedule of accumulated other comprehensive income (loss)

The following table shows the components of accumulated other comprehensive loss, net of income taxes, in the stockholders’ equity section of our condensed consolidated balance sheets at the dates indicated (in thousands):

	March 31, 2020		December 31, 2019
Foreign currency translation adjustment	$	(7,989)	$	(4,530)
Unrealized translation gain (loss) on foreign currency denominated intercompany loans	(6,430)		883
Unrealized gain (loss) on interest rate swaps	(28,977)		2,424
Total accumulated other comprehensive loss	$	(43,396)	$	(1,223)

Schedule of allocated share-based compensation expense

The Company recognized stock-based compensation expense from all awards in the following expense categories (in thousands):

	Three Months Ended March 31,
	2020		2019
Cost of revenue	$	318	$	160
Research and development	615		322
Sales and marketing	549		139
General and administrative	7,838		4,007
Total	$	9,320	$	4,628

Restricted stock unit activity

Restricted stock unit activity during the three months ended March 31, 2020 was as follows:

	Number of Restricted Stock Units Outstanding	Weighted-Average Grant Date Fair Value
Unvested balances at December 31, 2019	790,807	$	39.55
Units granted	1,221,273	40.82
Units vested	(104,212)	41.80
Awards forfeited	(59,802)	42.07
Unvested balances at March 31, 2020	1,848,066	$	40.18

Performance based restricted stock unit activity

PRSU activity during the three months ended March 31, 2020 was as follows:

	Number of PRSUs Outstanding	Weighted-Average Grant Date Fair Value
Unvested balances at December 31, 2019	—	$	—
Units granted	66,297	41.48
Unvested balances at March 31, 2020	66,297	$	41.48

Restricted stock awards

Restricted Stock Awards

Restricted share activity during the three months ended March 31, 2020 was as follows:

	Number of Restricted Shares Outstanding	Weighted-Average Grant Date Fair Value
Unvested balances at December 31, 2019	371,217	$	28.26
Awards vested	(29,502)	28.79
Awards forfeited	(23,670)	28.44
Unvested balances at March 31, 2020	318,045	$	28.20

Schedule of stock option activity

Stock option activity during the three months ended March 31, 2020 was as follows:

	Number of Options Outstanding	Weighted– Average Exercise Price
Outstanding at December 31, 2019	329,698	$	8.57
Options exercised	(8,712)	6.13
Options forfeited	—	—
Options expired	(73)	1.79
Outstanding at March 31, 2020	320,913	$	8.64