Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
	(in thousands)
Time-Based Restricted Stock Units	$	907	$	233
Performance-Based Restricted Stock Units	206		277
Stock Options	168		191
Total share-based compensation expense	$	1,281	$	701

During the three months ended March 31, 2022 and 2021, 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 award recipient in the accompanying condensed consolidated statements of operations as follows:

	Three Months Ended March 31,
	2022		2021
	(in thousands)
General and administrative	$	922	$	554
Selling and marketing	180		91
Research and development	95		28
Cost of services	84		28
Total	$	1,281	$	701

The following table reflects the future share-based compensation expense for the outstanding awards at March 31, 2022:

	Unrecognized Share-based Compensation Expense		Weighted Average Amortization Period
	(in thousands)
Time-Based Restricted Stock Units	$	11,395	3.27 years
Stock Options	1,991		2.75 years
Performance-Based Restricted Stock Units	1,850		1.75 years
Total unrecognized share-based compensation expense	$	15,236	3.02 years

Share-based Payment Arrangement, Activity

The following table provides information related to the Company’s share-based compensation award activity for the three months ended March 31, 2022:

	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, 2021	231,625	$	35.17	194,348	$	33.56	99,289	$	33.44
Granted	259,069	22.49		—	—		—	—
Vested	(7,214)	28.20		—	—		—	—
Forfeited or expired	(20,455)	23.42		(5,808)	33.56		(4,874)	33.44
Outstanding as of March 31, 2022	463,025	$	28.71	188,540	$	33.56	94,415	$	33.44