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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of RSU Activity

 

 

Number
of RSUs

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding as of December 31, 2021

 

 

3,683

 

 

$

10.95

 

Granted

 

 

2,115

 

 

 

14.38

 

Vested and delivered

 

 

(1,517

)

 

 

10.55

 

Forfeited

 

 

(471

)

 

 

12.45

 

Outstanding as of June 30, 2022 (1)

 

 

3,810

 

 

 

12.83

 

Summary of PSU Activity PSU activity for the six months ended June 30, 2022 is as follows (in thousands, except for weighted-average grant date fair value):

 

 

 

Number
of PSUs

 

 

Weighted-Average
Grant Date
Fair Value

 

Outstanding as of December 31, 2021

 

 

142

 

 

$

23.98

 

Granted

 

 

275

 

 

 

15.07

 

Vested and delivered

 

 

(142

)

 

 

23.98

 

Forfeited

 

 

(59

)

 

 

15.07

 

Outstanding as of June 30, 2022

 

 

216

 

 

 

15.07

 

Summary of Stock Option Activity Stock option activity for the six months ended June 30, 2022 is as follows (in thousands, except for weighted-average grant date fair value and weighted-average remaining contractual term):

 

 

 

Number of Options

 

 

Weighted-Average
Grant Date
Fair Value

 

 

Weighted-Average Remaining Contractual Term (in years)

 

 

Aggregate
Intrinsic Value

 

Outstanding as of December 31, 2021

 

 

804

 

 

$

5.27

 

 

 

8.58

 

 

$

5,754

 

Granted

 

 

263

 

 

 

9.39

 

 

 

 

 

 

 

Vested and delivered

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of June 30, 2022

 

 

1,067

 

 

 

6.28

 

 

 

8.48

 

 

 

2,068

 

Exercisable as of June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Fair Value of Stock Options Granted are Estimated Using Black Scholes Option Pricing Model

The fair value of the stock options granted during the six months ended June 30, 2022 and June 30, 2021 are estimated on the grant date using the Black-Scholes option pricing model, using the following assumptions:

 

 

2022

 

 

2021

 

Risk-free interest rate

 

2.21

%

 

 

1.15

%

Weighted-average volatility

 

65.22

%

 

 

69.00

%

Dividend yield

 

0

%

 

 

0

%

Expected years until exercise

 

6.5

 

 

 

6.5