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Equity-based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Units Activity
The table below summarizes our RSU activity:
Outstanding RSUs
(in thousands, except unit price)Number of RSUsWeighted Average Grant-Date Fair Value
December 31, 202123,511 $23.80 
Granted29,696 17.24 
Vested(9,719)22.30 
Forfeited / cancelled(8,310)21.22 
December 31, 202235,178 $19.29 
Schedule of Restricted Stock Unit activity and related information
The following information is provided for our RSUs:
(in thousands, except unit price)202220212020
Weighted average grant-date fair value of RSUs granted$17.24 $32.17 $7.06 
Fair value of RSUs at vesting$180,770 $412,669 $14,649 
Schedule of Stock Options Activity The table below summarizes our stock option activity:
Outstanding Options
(in thousands, except unit price)Number
of
Options
Weighted
Average Exercise
Price
Weighted-Average
Remaining Contractual
Term (in years)
Aggregate Intrinsic Value
December 31, 202131,635 $5.15 6.94$766,531 
Forfeited / cancelled(965)$2.27 
Exercised(8,685)$2.05 
December 31, 202221,985 $6.50 5.90$192,001 
Exercisable as of December 31, 202213,932 $6.11 5.71$126,509 
Expected to vest as of December 31, 20227,403 $7.60 6.18$57,448 
Schedule of Valuation Assumptions for Stock Options
The fair value of stock options is estimated on the grant date with the following assumptions:
20212020
Weighted-average expected term (years)4.276.15
Weighted-average expected volatility70%66%
Expected dividend yield
Risk-free interest rate0.62%0.34%-1.68%
The following information is provided for our stock options:
(in thousands, except unit price)202220212020
Weighted average grant-date fair value of stock options granted$— $16.46 $1.57 
Intrinsic fair value of stock options exercised$131,480 $675,935 $44,076 
Schedule of Equity-Based Compensation
The following table presents the effects of equity-based compensation in the consolidated statements of operations:
(in thousands)202220212020
Cost of sales$15,925 $10,981 $620 
Operating, general and administrative246,341 238,364 30,711 
Total$262,266 $249,345 $31,331