Share-based Compensation

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

The Company has various stock compensation plans, which are more fully described in Part II, Item 8 "Financial Statements and Supplementary Data - Note 10 to the Consolidated Financial Statements - Share-based Compensation" in the 2022 Annual Report on Form 10-K. Under the 2021 Incentive Award Plan, the Company has the ability to grant options, stock appreciation rights, restricted stock, restricted stock units ("RSU"), performance stock units ("PRSU"), dividend equivalents, or other stock or cash-based awards to employees, directors, or consultants.

Option awards are generally granted with an exercise price equal to the fair value of the Company’s common stock at the date of grant. Options, RSU, and PRSU awards generally vest over a period of four years.

Stock-based Compensation Expense

Total stock-based compensation was recognized as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
General and administrative	$	1,461	$	1,864	$	2,897	$	3408
Sales and marketing	476		673		968		1,413
Research and development	707		720		1,568		1,754
Total stock-based compensation	$	2,644	$	3,257	$	5,433	$	6,575

During the three and six months ended June 30, 2022, the Company capitalized $16 and $33 of stock-based compensation attributable to internally developed software. There was no stock-based compensation capitalized during the three or six months ended June 30, 2023.

As of June 30, 2023, the Company had $1,565 of unrecognized stock-based compensation costs related to non-vested options that will be recognized over a weighted-average period of 1.4 years, $8,503 of unrecognized stock-based compensation costs related to unvested RSUs that will be recognized over a weighted-average period of 2.4 years, and $651 of unrecognized stock-based compensation costs related to unvested PRSUs that will be recognized over a weighted-average period of 1.7 years.