Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Share-based Payment Arrangement, Expensed and Capitalized, Amount

Share-based compensation expense recorded for each type of award is as follows:

	Three Months Ended March 31,
	2021		2020
	(in thousands)
Performance-Based Restricted Stock Units	$	277	$	—
Time-Based Restricted Stock Units	233		—
Stock Options	191		—
Class B Common Units	—		487
Total share-based compensation expense	$	701	$	487

During the three months ended March 31, 2021 and 2020, share-based compensation expense was allocated to cost of services, general and administrative, selling and marketing, and research and development, generally based on the functional responsibilities of the awarded unit holders in the accompanying condensed consolidated statements of operations and comprehensive income as follows:

	Three Months Ended March 31,
	2021		2020
	(in thousands)
General and administrative	$	554	$	444
Selling and marketing	91		12
Cost of services	28		25
Research and development	28		6
Total	$	701	$	487

The unrecognized share-based compensation expense at March 31, 2021 was as follows:

	Unrecognized Share-based Compensation Expense		Weighted Average Amortization Period
	(in thousands)
Time-Based Restricted Stock Units	$	2,719	3.18 years
Stock Options	2,903		3.75 years
Performance-Based Restricted Stock Units	3,044		2.75 years
Total unrecognized share-based compensation expense	$	8,666	3.22 years

Share-based Payment Arrangement, Activity

The following table provides information related to the the Company’s share-based compensation award activity for the three months ended March 31, 2021:

	Time-Based Restricted Stock Units			Stock Options			Performance-Based Restricted Stock Units
	Number of Awards	Weighted Average Fair Value at Grant Date		Number of Awards	Weighted Average Exercise Price		Number of Awards	Weighted Average Fair Value at Grant Date
Outstanding as of December 31, 2020	109,920	$	28.20	199,764	$	33.56	—	$	—
Granted	—	—		—	—		99,289	33.44
Vested/Exercised	—	—		—	—		—	—
Forfeited	—	—		—	—		—	—
Outstanding as of March 31, 2021	109,920	$	28.20	199,764	$	33.56	99,289	$	33.44