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Equity Incentive and Employee Stock Purchase Plan (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Valuation Assumptions of Market-based Restricted Stock Awards Granted
The weighted-average fair values of market-based restricted stock awards granted have been estimated utilizing the following assumptions:
December 31, 2021
Underlying stock price at valuation date$57.06 
Expected volatility35.1 %
Risk-free interest rate1.3 %
The Former Parent’s weighted-average fair values of market-based restricted stock awards granted have been estimated utilizing the following assumptions:

December 31,December 31,December 31,
202120202019
Underlying stock price at valuation$113.27 $91.17 $84.58 
Expected volatility30.3 %27.0 %28.3 %
Risk-free interest rate1.3 %0.7 %2.5 %
Restricted Stock Award Activity
Restricted stock award activity for the year ended December 31, 2021 is set forth below: 
Number of SharesWeighted-Average
Grant-Date
Fair Value
Nonvested at January 1, 2021— $— 
Exchanged in Separation65,235 57.77 
Granted— — 
Vested— — 
Canceled— — 
Nonvested at December 31, 2021
65,235 $57.77 
The restricted stock award activity for the years ended December 31, 2021, 2020, and 2019 is set forth below:

SharesWeighted-Average Grant-Date Fair Value
Nonvested at January 1, 201958,987 $74.77 
Granted7,564 82.64
Vested(18,135)70.08
Canceled(10,742)72.62
Nonvested at December 31, 201937,674 $75.03 
Granted— — 
Vested(7,785)76.43
Canceled(3,020)77.37
Nonvested at December 31, 202026,869 $57.21 
Granted— — 
Vested(6,189)74.52 
Canceled(6,850)83.14 
Adjustment due to Separation(13,830)53.72 
Nonvested at December 31, 2021— $— 
Restricted Stock Unit Activity
Restricted stock unit activity for the year ended December 31, 2021 is set forth below:
Number of
Shares
Weighted-Average
Grant-Date
Fair Value
Weighted-Average
Remaining
Contractual
Life (in Years)
Aggregate
Intrinsic
Value
Outstanding at January 1, 2021— $—   
Exchanged in Separation125,841 63.69   
Granted887,431 27.78 
Vested— —   
Canceled(175)—   
Outstanding at December 31, 20211,013,097 $29.36 4.53$58,627,923 
Vested and expected to vest at December 31, 2021593,369 $38.28 3.68$34,338,282 
The restricted stock unit activity attributable to Consensus employees for the years ended December 31, 2021, 2020, and 2019 is set forth below:

Number of SharesWeighted-Average Remaining Contractual Life (in Years)Aggregate Intrinsic Value
Outstanding at January 1, 201917,412 
Granted2,661 
Vested(4,916)
Canceled(4,800)
Outstanding at December 31, 201910,357 
Granted5,431 
Vested(1,734)
Canceled(360)
Outstanding at December 31, 202013,694 
Granted4,416 
Vested(2,470)
Canceled(8,856)
Adjustment due to Separation(6,784)
Outstanding at December 31, 2021— 0.0$— 
Vested and expected to vest at December 31, 2021— 0.0$— 
Valuation Assumptions of Purchase Plan The compensation expense related to the Purchase Plan has been estimated utilizing the following assumptions:
December 31, 2021
Risk-free interest rate0.05%
Expected term (in years)0.5
Dividend yield0.00%
Expected volatility17.89%
Weighted average volatility17.89%
Stock Options Activity
The stock option activity attributable to Consensus employees for the period ended December, 2021, 2020, and 2019 is summarized as follows:

Number of Shares
Weighted-Average Exercise Price
Weighted-Average Remaining Contractual Life (In Years)
Intrinsic Value
Options outstanding at January 1, 20199,710 $29.53 
Granted
— 
Exercised
(1,000)$29.53 
Canceled
— 
Options outstanding at December 31, 20198,710 $29.53 
Granted
— 
Exercised
(250)$29.53 
Canceled
— 
Options outstanding at December 31, 20208,460 $29.53 
Granted
— 
Exercised
(250)29.53
Canceled
— 
Adjustment due to Separation(8,210)
Options outstanding at December 31, 2021— $— 0.0$— 
Exercisable at December 31, 2021— $— 0.0$— 
Vested and expected to vest at December 31, 2021— $— 0.0$—