Stock-Based Compensation |
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| Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Stock-Based Compensation | 16. STOCK-BASED COMPENSATION Stock Options The stock option activity is summarized in the following table:
Restricted Stock Units The restricted stock unit (“RSU”) activity is summarized in the following table:
During the six months ended June 30, 2026 and 2025, the Company released 873,774 and 206,316 RSUs, respectively, related to the settlement of an accrued bonus liability. Performance-Based Restricted Stock Units The performance-based restricted stock unit (“PSU”) activity is summarized in the following table:
(1) Represents the number of PSUs expected to vest, which may exceed the target number of shares, based on the Company’s probability assessment of expected performance during the performance period. As of June 30, 2026, there were 1,049,150 PSU awards at target for which certain annual performance metrics have not been determined. Accordingly, no accounting grant date has been established under ASC 718 for these awards as of June 30, 2026, and no compensation cost for these awards is recognized in the three or six months ended June 30, 2026. Restricted Stock The restricted stock activity is summarized in the following table:
(1) In connection with certain acquisitions, the Company converted certain outstanding common stock of the acquirees into restricted stock of the Company, for which $27.3 million of the fair value was attributed to pre-combination services and was allocated to purchase consideration. Stock-Based Compensation Expense Total stock-based compensation expense for RSUs, PSUs, restricted stock, and stock option awards which are included in the condensed consolidated financial statements, is as follows (in thousands):
Unrecognized Stock-Based Compensation A summary of the Company’s remaining unrecognized compensation expense and the weighted-average remaining amortization period as of June 30, 2026, related to its non-vested RSUs, PSUs, restricted stock, and stock option awards is presented below (in millions, except time period amounts):
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