XML 44 R31.htm IDEA: XBRL DOCUMENT v3.23.1
Stockholder's Equity and Employee Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Stock Option Activity

The following is a summary of stock option activity for the current year period:

 

 

Stock Options

 

 

Number of
Shares

 

Weighted Average
Exercise Price

 

Aggregate
Intrinsic Value
(in thousands)

 

Weighted Average
Remaining
Contractual Term
(in years)

 

Outstanding at December 31, 2022

 

13,133,446

 

$

16.24

 

$

—

 

 

4.2

 

Granted

 

—

 

$

—

 

 

 

 

 

Exercised

 

—

 

$

—

 

 

 

 

 

Forfeited

 

(22,001

)

$

20.18

 

 

 

 

 

Expired

 

(2,325,356

)

$

16.61

 

 

 

 

 

Outstanding, vested and expected to vest at March 31, 2023

 

10,786,089

 

$

16.15

 

$

1,918

 

 

4.7

 

Vested and exercisable at March 31, 2023

 

8,770,544

 

$

16.59

 

$

—

 

 

4.7

 
Summary of Stock-based Compensation Expense Recognized in Financial Statements

Stock-based compensation expense recognized in the condensed consolidated financial statements is as follows:

 

 

 

Three Months Ended March 31,

 

(in thousands)

 

2023

 

2022

 

Cost of revenue

 

$

1,241

 

$

1,409

 

Research and development

 

 

7,734

 

 

8,644

 

Sales and marketing

 

 

4,075

 

 

6,065

 

General and administrative

 

 

7,352

 

 

7,375

 

Restructuring

 

 

—

 

 

2,761

 

Stock-based compensation expense, net of amounts capitalized

 

 

20,402

 

 

26,254

 

Capitalized stock-based compensation expense

 

 

506

 

 

719

 

Stock-based compensation expense

 

$

20,908

 

$

26,973

 
Summary of Unamortized Stock-based Compensation

As of March 31, 2023, unamortized stock-based compensation was as follows:

 

 

Unrecognized
stock-based
compensation
(in thousands)

 

Weighted
average
recognition
period
(in years)

 

Restricted stock units

$

86,935

 

 

2.0

 

Stock options

 

6,052

 

 

1.0

 

Restricted stock awards

 

8,407

 

 

1.8

 

ESPP

 

10,981

 

 

1.6

 

Total unrecognized stock-based compensation

$

112,375

 

 

 
Restricted Stock Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Restricted Stock Units and Restricted Stock Awards

The following is a summary of restricted stock units for the current year period:

 

 

Restricted Stock Units

 

 

Number of
Shares

 

Weighted Average
Grant-Date
Fair Value

 

Weighted Average
Remaining
Contractual Term
(in years)

 

Unvested at December 31, 2022

 

8,023,173

 

$

15.07

 

 

1.2

 

Granted

 

563,320

 

$

8.24

 

 

 

Vested

 

(979,131

)

$

17.52

 

 

 

Forfeited/cancelled

 

(896,761

)

$

14.56

 

 

 

Unvested at March 31, 2023

 

6,710,601

 

$

14.21

 

 

1.2

 
Restricted Stock Awards  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Restricted Stock Units and Restricted Stock Awards

The following is a summary of restricted stock awards for the current year period:

 

 

Restricted Stock Awards

 

 

Number of
Shares

 

Weighted Average
Grant-Date
Fair Value

 

Weighted Average
Remaining
Contractual Term
(in years)

 

Unvested at December 31, 2022

 

890,219

 

$

17.43

 

 

1.9

 

Granted

 

—

 

$

—

 

 

 

Vested

 

(80,905

)

$

17.38

 

 

 

Forfeited/cancelled

 

—

 

$

—

 

 

 

Unvested at March 31, 2023

 

809,314

 

$

17.43

 

 

1.8