Equity Incentive Plans and Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Stock-based Compensation Expense

The following table summarizes stock-based compensation expense by line item in the condensed consolidated statements of operations (in thousands):


	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023

Cost of revenue	$	435	$	569	$	1,592	$	1,576
Sales, general and administrative		6,077		6,243		18,790		18,721
Product development		912		1,013		2,743		2,972
Stock-based compensation expense, net of amounts capitalized (1)	$	7,424	$	7,825	$	23,125	$	23,269
Excess income tax benefits (deficiencies) related to stock-based compensation expense	$	47	$	118	$	174	$	2,696

(1)

Stock-based compensation expense capitalized were not material for each of the periods presented.

Summary of Total Unrecognized Stock-Based Compensation Expense and Remaining Period

The following table summarizes by type of grant, the total unrecognized stock-based compensation expense and the remaining period over which such expense is expected to be recognized (in thousands, except number of years):


	September 30, 2024
	Unrecognized Expense		Remaining weighted average period (In years)

Stock options	$	26,676	2.6
RSUs		26,974	2.7
PSUs (1)		—	-
ESPP		424	0.4
Total unrecognized stock-based compensation expense	$	54,074

(1)

As of September 30, 2024, we assessed the likelihood of achieving the financial targets for the PSUs and determined that it was not probable to be achieved. As such, no PSU stock-based compensation expense was recognized in the three months ended September 30, 2024, and there is no unrecognized stock-based compensation expense remaining as of September 30, 2024.