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Pay vs Performance Disclosure - USD ($)
6 Months Ended 12 Months Ended
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]          
Pay vs Performance [Table Text Block]    

PAY VERSUS PERFORMANCE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) and Item 402(v) of Regulation S-K, the table below sets forth information about the relationship between compensation actually paid (“CAP”) to the our principal executive officer ("PEO") and non-PEO NEOs and certain financial performance measures of the Company and how the Company aligns executive compensation with the Company's performance. For further information concerning the Company’s variable pay-for-performance philosophy and how the Company aligns executive compensation with Company performance, refer to the “Compensation Discussion and Analysis” section of this proxy statement.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100
Investment Based On:

 

 

 

 

 

Year (1)

 

Summary
Compensation
Table Total
for Mr. Goldberg
PEO ($)
(2)

 

Compensation
Actually Paid
to Mr. Goldberg
PEO ($)
(3)

 

Summary
Compensation
Table Total
for Mr. Kaufer
PEO ($)
(2)

 

Compensation
Actually Paid
to Mr. Kaufer
PEO ($)
(3)

 

Average
Summary
Compensation
Table Total
for Non-PEO
NEOs ($)
(2)

 

Average
Compensation
Actually Paid
to Non-PEO
NEOs ($)
(3)

 

Total
Shareholder
Return ($)
(4)

 

Peer Group
Total
Shareholder
Return ($)
(4)

 

Net
Income (Loss) ($) (in millions)

 

Adjusted EBITDA ($) (in millions) (5)

 

(a)

 

(b)

 

(c)

 

(b)

 

(c)

 

(d)

 

(e)

 

(f)

 

(g)

 

(h)

 

(i)

 

2022

 

14,496,745

 

13,353,650

 

497,535

 

(5,949,665)

 

3,009,827

 

749,754

 

59.18

 

81.50

 

20

 

295

 

2021

 

 

 

7,676,612

 

8,686,111

 

3,161,228

 

2,326,196

 

89.73

 

134.41

 

(148)

 

100

 

2020

 

 

 

919,464

 

(4,013,595)

 

3,800,054

 

3,528,452

 

94.73

 

137.32

 

(289)

 

(51)

 

(1)
Mr. Goldberg became the PEO on July 1, 2022. Mr. Kaufer served as PEO for a portion of Fiscal 2022 and the entirety of Fiscal 2021 and 2020. Our Non-PEO NEOs for the applicable years were as follows: (i) for Fiscal 2022: Messrs. Noonan, Kalvert and Teunissen and Mss. Soni and Nelson; (ii) for Fiscal 2021: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson; and (iii) for Fiscal 2020: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson.
(2)
Amounts reported in these columns represent: (i) the total compensation reported in the Summary Compensation Table for the applicable fiscal year in the case of our PEOs; and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable fiscal year for our Non-PEO NEOs reported for the applicable fiscal year.
(3)
Amounts reported in these columns represent compensation actually paid ("CAP"); adjustments were made to the amounts reported in the Summary Compensation Table for the applicable fiscal year. A reconciliation of the adjustments for our PEOs and the average of the Non-NEO CEOs is set forth in the tables below, which describe the adjustments, each of which is prescribed by the SEC rules, to calculate the CAP amounts from the amounts described in the Summary Compensation Table.
(4)
Total Shareholder Return ("TSR") is cumulative for the measurement periods ending December 31, 2022, 2021 and 2020.
(5)
The Company's Peer Group represents the Research Data Group ("RDG") Internet Composite Index, which is used by the Company for purposes of compliance with Item 201(e) of Regulation S-K.
(6)
Adjusted EBITDA, a non-GAAP financial measure, is the Company's selected measure. Refer to our 2022 Annual Report for a reconciliation of Adjusted EBITDA to Net Income, the most directly comparable financial measure calculated and presented in accordance with US GAAP.

 

 

                                  2022 ($)

 

2021 ($)

 

2020 ($)

 

Compensation Actually Paid to PEO

 

Mr. Goldberg

Mr. Kaufer

 

Mr. Kaufer

 

Mr. Kaufer

 

Summary Compensation Table Total

 

14,496,745

497,535

 

7,676,612

 

919,464

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(13,025,860)

 

(6,402,979)

 

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

11,882,765

 

6,080,847

 

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

(3,760,236)

 

4,048,455

 

(90,102)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

(871,802)

 

(1,720,411)

 

(3,309,310)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(1,815,162)

 

(996,413)

 

(1,533,647)

 

Compensation Actually Paid to PEO

 

13,353,650

(5,949,665)

 

8,686,111

 

(4,013,595)

 

 

 

Compensation Actually Paid to Non-PEO NEOs

 

2022 ($)

2021 ($)

 

2020 ($)

 

Summary Compensation Table Total

 

3,009,827

3,161,228

 

3,800,054

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(2,049,980)

(2,299,953)

 

(2,959,675)

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

966,987

1,182,594

 

3,355,258

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

103,337

749,321

 

(331,270)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

(106,930)

(14,848)

 

(132,578)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(1,173,486)

(452,146)

 

(203,337)

 

Compensation Actually Paid to Non-PEO NEOs

 

749,754

2,326,196

 

3,528,452

 

 

   
Company Selected Measure Name     Adjusted EBITDA    
Named Executive Officers, Footnote [Text Block]    
(1)
Mr. Goldberg became the PEO on July 1, 2022. Mr. Kaufer served as PEO for a portion of Fiscal 2022 and the entirety of Fiscal 2021 and 2020. Our Non-PEO NEOs for the applicable years were as follows: (i) for Fiscal 2022: Messrs. Noonan, Kalvert and Teunissen and Mss. Soni and Nelson; (ii) for Fiscal 2021: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson; and (iii) for Fiscal 2020: Messrs. Kalvert and Teunissen and Mss. Soni and Nelson.
   
Adjustment To PEO Compensation, Footnote [Text Block]    

 

                                  2022 ($)

 

2021 ($)

 

2020 ($)

 

Compensation Actually Paid to PEO

 

Mr. Goldberg

Mr. Kaufer

 

Mr. Kaufer

 

Mr. Kaufer

 

Summary Compensation Table Total

 

14,496,745

497,535

 

7,676,612

 

919,464

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(13,025,860)

 

(6,402,979)

 

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

11,882,765

 

6,080,847

 

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

(3,760,236)

 

4,048,455

 

(90,102)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

(871,802)

 

(1,720,411)

 

(3,309,310)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(1,815,162)

 

(996,413)

 

(1,533,647)

 

Compensation Actually Paid to PEO

 

13,353,650

(5,949,665)

 

8,686,111

 

(4,013,595)

 

   
Non-PEO NEO Average Total Compensation Amount     $ 3,009,827 $ 3,161,228 $ 3,800,054
Non-PEO NEO Average Compensation Actually Paid Amount     $ 749,754 2,326,196 3,528,452
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]    

Compensation Actually Paid to Non-PEO NEOs

 

2022 ($)

2021 ($)

 

2020 ($)

 

Summary Compensation Table Total

 

3,009,827

3,161,228

 

3,800,054

 

Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table

 

(2,049,980)

(2,299,953)

 

(2,959,675)

 

Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested

 

966,987

1,182,594

 

3,355,258

 

Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year

 

103,337

749,321

 

(331,270)

 

Deduction of Fair Value of Prior Fiscal Years' Awards Forfeited During the Fiscal Year

 

(106,930)

(14,848)

 

(132,578)

 

Additions (Deductions) for Change in Fair Value of Prior Fiscal Years' Awards Unvested at Fiscal Year End

 

(1,173,486)

(452,146)

 

(203,337)

 

Compensation Actually Paid to Non-PEO NEOs

 

749,754

2,326,196

 

3,528,452

 

 

   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    

The chart below reflects the relationship between our TSR and our Peer Group TSR, as well as the relationship between CAP and our TSR for the PEO and non-PEOs for the fiscal years ended December 31, 2020, 2021 and 2022. TSR amounts reported in graphs assume an initial fixed investment of $ 100.00 on January 1, 2020, and that all dividends, if any, were reinvested.

img265183599_21.jpg 

   
Compensation Actually Paid vs. Net Income [Text Block]    

The chart below reflects the relationship between the PEO and average non-PEOs CAP and our Net Income for the fiscal years ended December 31, 2020, 2021 and 2022.

 

img265183599_20.jpg 

 

   
Compensation Actually Paid vs. Company Selected Measure [Text Block]    

The chart below reflects the relationship between the PEO and average non-PEO NEOs and the Company's Adjusted EBTIDA for the years ended December 31, 2020, 2021 and 2022.

img265183599_22.jpg 

   
Tabular List [Table Text Block]    

The following is a list of our most important performance measures used by us to link CAP to our NEOs to company performance for fiscal year 2022. Each metric below is used for purposes of determining payouts under either our annual incentive program or vesting of our performance-based restricted stock units. The performance measures included in this table are not ranked by relative importance.

Adjusted EBITDA

Revenue

Stock Price

   
Total Shareholder Return Amount     $ 59.18 89.73 94.73
Peer Group Total Shareholder Return Amount     81.50 134.41 137.32
Net Income (Loss)     $ 20,000,000 $ (148,000,000) $ (289,000,000)
Company Selected Measure Amount     295,000,000 100,000,000 (51,000,000)
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name     Adjusted EBITDA    
Non-GAAP Measure Description [Text Block]     Adjusted EBITDA, a non-GAAP financial measure, is the Company's selected measure. Refer to our 2022 Annual Report for a reconciliation of Adjusted EBITDA to Net Income, the most directly comparable financial measure calculated and presented in accordance with US GAAP.    
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name     RevenueStock Price    
Mr. Goldberg [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount     $ 14,496,745 $ 0 $ 0
PEO Actually Paid Compensation Amount     13,353,650 0 0
PEO Name Mr. Goldberg        
Mr. Kaufer [Member]          
Pay vs Performance Disclosure [Table]          
PEO Total Compensation Amount     497,535 7,676,612 919,464
PEO Actually Paid Compensation Amount     (5,949,665) $ 8,686,111 $ (4,013,595)
PEO Name   Mr. Kaufer   Mr. Kaufer Mr. Kaufer
PEO [Member] | Mr. Goldberg [Member] | Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (13,025,860)    
PEO [Member] | Mr. Goldberg [Member] | Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     11,882,765    
PEO [Member] | Mr. Goldberg [Member] | Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0    
PEO [Member] | Mr. Goldberg [Member] | Deduction of Fair Value of Prior Years' Awards Forfeited During the Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0    
PEO [Member] | Mr. Goldberg [Member] | Additions (Deductions) for Change in Value of Prior Years' Awards Unvested at Fiscal Year End [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0    
PEO [Member] | Mr. Kaufer [Member] | Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 $ (6,402,979) $ 0
PEO [Member] | Mr. Kaufer [Member] | Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     0 6,080,847 0
PEO [Member] | Mr. Kaufer [Member] | Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (3,760,236) 4,048,455 (90,102)
PEO [Member] | Mr. Kaufer [Member] | Deduction of Fair Value of Prior Years' Awards Forfeited During the Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (871,802) (1,720,411) (3,309,310)
PEO [Member] | Mr. Kaufer [Member] | Additions (Deductions) for Change in Value of Prior Years' Awards Unvested at Fiscal Year End [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (1,815,162) (996,413) (1,533,647)
Non-PEO NEO [Member] | Deductions for Grant Date Fair Value of Stock Awards and Option Awards reported in Summary Compensation Table [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (2,049,980) (2,299,953) (2,959,675)
Non-PEO NEO [Member] | Addition of Year-End Fair Value Awards Granted in the Applicable Fiscal Year that are Outstanding and Unvested [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     966,987 1,182,594 3,355,258
Non-PEO NEO [Member] | Additions (Deductions) for Change in Fair Value of Awards Granted in Prior Fiscal Years' That Vested in the Applicable Fiscal Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     103,337 749,321 (331,270)
Non-PEO NEO [Member] | Deduction of Fair Value of Prior Years' Awards Forfeited During the Year [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     (106,930) (14,848) (132,578)
Non-PEO NEO [Member] | Additions (Deductions) for Change in Value of Prior Years' Awards Unvested at Fiscal Year End [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount     $ (1,173,486) $ (452,146) $ (203,337)