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Shareholder's Equity and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Stock Option Activity

The following table sets forth the Company’s stock option activity:

 

 

 

Three Months Ended March 31, 2022

 

 

 

 

 

 

Weighted Average

 

 

 

Stock Options

 

 

Exercise Price

 

Outstanding - beginning of period

 

 

1,992,915

 

 

$

68.39

 

Granted

 

 

240,243

 

 

$

139.63

 

Exercised

 

 

(308,447

)

 

$

45.05

 

Cancelled/Forfeited

 

 

(15,550

)

 

$

79.70

 

Expired

 

 

(6,397

)

 

$

16.20

 

Outstanding - end of period

 

 

1,902,764

 

 

$

81.25

 

 

 

 

 

 

 

 

Exercisable - end of period

 

 

1,266,283

 

 

$

53.82

 

Schedule of RSA/RSU Activity

The following table sets forth the Company’s RSA/RSU activity:

 

 

 

Three Months Ended

 

 

 

March 31, 2022

 

 

 

Shares/Units

 

Outstanding and unvested - beginning of period

 

 

602,187

 

Granted

 

 

124,043

 

Vested

 

 

(82,000

)

Forfeited

 

 

(17,165

)

Outstanding and unvested - end of period

 

 

627,065

 

 

 

 

 

Cumulative vested shares - end of period

 

 

2,114,916

 

Summary of Stock-Based Compensation Expense Recognized in Statements of Operations Related to All Outstanding Stock Based Compensation Awards

Stock-based compensation expense recognized in the condensed consolidated statements of operations related to all outstanding stock based compensation awards is summarized below (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

 

2022

 

 

2021

 

 

Total direct costs

 

$

2,440

 

 

$

2,047

 

 

Selling, general and administrative

 

 

1,932

 

 

 

824

 

 

Total stock-based compensation expense

 

$

4,372

 

 

$

2,871