0001286139-22-000112 | 10-Q | XBRL Viewer

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Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2022	Aug. 05, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-35618
Entity Registrant Name	LegalZoom.com, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4752856
Entity Address, Address Line One	101 North Brand Boulevard
Entity Address, Address Line Two	11th Floor
Entity Address, City or Town	Glendale
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	91203
City Area Code	323
Local Phone Number	962-8600
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	LZ
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		194,559,013
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001286139

Unaudited Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 215,537	$ 239,297
Accounts receivable, net	12,993	10,635
Prepaid expenses and other current assets	13,860	16,589
Total current assets	242,390	266,521
Property and equipment, net	49,342	47,013
Goodwill	59,933	59,910
Intangible assets, net	14,570	16,031
Operating lease right-of-use assets	6,961
Deferred income taxes	25,685	27,653
Available-for-sale debt securities	1,182	1,122
Other assets	13,319	12,765
Total assets	413,382	431,015
Current liabilities:
Accounts payable	18,404	31,788
Accrued expenses and other current liabilities	55,820	50,817
Deferred revenue	163,140	146,364
Operating lease liabilities	1,542
Total current liabilities	238,906	228,969
Operating lease liabilities, non-current	4,842
Deferred revenue	1,137	1,554
Other liabilities	2,841	2,941
Total liabilities	247,726	233,464
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, $0.001 par value; 100,000 shares authorized at June 30, 2022, none issued or outstanding at June 30, 2022 and December 31, 2021	0	0
Common stock, $0.001 par value; 1,000,000 shares authorized; 196,079 shares and 198,084 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively	196	198
Additional paid-in capital	994,558	947,160
Accumulated deficit	(830,952)	(748,012)
Accumulated other comprehensive income (loss)	1,854	(1,795)
Total stockholders’ equity	165,656	197,551
Total liabilities and stockholders’ equity	$ 413,382	$ 431,015

Unaudited Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock shares authorized (in shares)	100,000,000	100,000,000
Preferred stock shares issued (in shares)	0	0
Preferred stock shares outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock shares issued (in shares)	196,079,000	198,084,000
Common stock shares outstanding (in shares)	196,079,000	198,084,000

Unaudited Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenue	$ 163,867	$ 150,432	$ 318,076	$ 285,064
Cost of revenue	57,393	49,859	113,333	93,819
Gross profit	106,474	100,573	204,743	191,245
Operating expenses:
Sales and marketing	72,945	65,431	149,819	136,792
Technology and development	16,197	28,426	34,156	38,925
General and administrative	28,969	33,845	58,457	47,010
Impairment of long-lived and other assets	0	379	0	379
Total operating expenses	118,111	128,081	242,432	223,106
Loss from operations	(11,637)	(27,508)	(37,689)	(31,861)
Interest income (expense), net	29	(9,312)	(24)	(17,966)
Other (expense) income, net	(2,022)	420	(3,566)	668
Loss before income taxes	(13,630)	(36,400)	(41,279)	(49,159)
(Benefit from) provision for income taxes	(451)	1,995	2,509	(941)
Net loss	$ (13,179)	$ (38,395)	$ (43,788)	$ (48,218)
Net loss per share attributable to common stockholders—basic (in dollars per share)	$ (0.07)	$ (0.31)	$ (0.22)	$ (0.38)
Net loss per share attributable to common stockholders—diluted (in dollar per share)	$ (0.07)	$ (0.31)	$ (0.22)	$ (0.38)
Weighted-average shares used to compute net loss per share attributable to common stockholders—basic (in shares)	197,819	125,423	198,040	125,245
Weighted-average shares used to compute net loss per share attributable to common stockholders—diluted (in shares)	197,819	125,423	198,040	125,245

Unaudited Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Net loss	$ (13,179)	$ (38,395)	$ (43,788)	$ (48,218)
Other comprehensive income, net of tax:
Change in foreign currency translation adjustments:	2,209	(204)	3,611	(351)
Change in available-for-sale debt securities:
Unrealized gains (loss)	0	(41)	38	(28)
Total change in available-for-sale debt securities	0	(41)	38	(28)
Change in unrealized gain on cash flow hedges:
Unrealized gain on interest rate cap and swaps	0	270	0	2,351
Reclassification of prior hedge effectiveness and losses from interest rate cap and swaps to net loss	0	1,298	0	2,315
Total net changes in cash flow hedges	0	1,568	0	4,666
Total other comprehensive income	2,209	1,323	3,649	4,287
Total comprehensive loss	$ (10,970)	$ (37,072)	$ (40,139)	$ (43,931)

Unaudited Condensed Consolidated Statements of Redeemable Convertible Preferred Stock and Stockholders’ Equity (Deficit) - USD ($) $ in Thousands	Total	Series A Redeemable Convertible Preferred Stock	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive (Loss) Income
Beginning balance, shares at Dec. 31, 2020		23,081,000	125,037,000
Beginning balance at Dec. 31, 2020	$ (550,632)	$ 70,906	$ 126	$ 102,417	$ (639,348)	$ (13,827)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)			244,000
Issuance of common stock upon exercise of stock options	151			151
Issuance of common stock upon vesting of restricted stock awards and ESPP (in shares)			27,000
Shares surrendered for settlement of minimum statutory tax withholdings (in shares)			(9,000)
Shares surrendered for settlement of minimum statutory tax withholdings	(100)			(100)
Stock-based compensation	3,799			3,799
Net issuance and repayments of full recourse notes receivable	44			44
Special dividends	(23)			(23)
Other comprehensive income	2,964					2,964
Net loss	(9,823)				(9,823)
Ending balance, shares at Mar. 31, 2021		23,081,000	125,299,000
Ending balance at Mar. 31, 2021	(553,620)	$ 70,906	$ 126	106,288	(649,171)	(10,863)
Beginning balance, shares at Dec. 31, 2020		23,081,000	125,037,000
Beginning balance at Dec. 31, 2020	(550,632)	$ 70,906	$ 126	102,417	(639,348)	(13,827)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income	4,287
Net loss	(48,218)
Ending balance, shares at Jun. 30, 2021		23,081,000	125,538,000
Ending balance at Jun. 30, 2021	(545,871)	$ 70,906	$ 126	151,109	(687,566)	(9,540)
Beginning balance, shares at Mar. 31, 2021		23,081,000	125,299,000
Beginning balance at Mar. 31, 2021	(553,620)	$ 70,906	$ 126	106,288	(649,171)	(10,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)			213,000
Issuance of common stock upon exercise of stock options	136			136
Issuance of common stock upon vesting of restricted stock awards and ESPP (in shares)			32,000
Shares surrendered for settlement of minimum statutory tax withholdings (in shares)			(6,000)
Shares surrendered for settlement of minimum statutory tax withholdings	(109)			(109)
Stock-based compensation	44,810			44,810
Special dividends	(16)			(16)
Other comprehensive income	1,323					1,323
Net loss	(38,395)				(38,395)
Ending balance, shares at Jun. 30, 2021		23,081,000	125,538,000
Ending balance at Jun. 30, 2021	(545,871)	$ 70,906	$ 126	151,109	(687,566)	(9,540)
Beginning balance, shares at Dec. 31, 2021			198,084,000
Beginning balance at Dec. 31, 2021	197,551		$ 198	947,160	(748,012)	(1,795)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)			202,000
Issuance of common stock upon exercise of stock options	225			225
Issuance of common stock upon vesting of restricted stock awards and ESPP (in shares)			392,000
Stock-based compensation	22,346			22,346
Shares repurchased (in shares)			(79,000)
Repurchased common stock	(1,102)				(1,102)
Other comprehensive income	1,440					1,440
Net loss	(30,609)				(30,609)
Ending balance, shares at Mar. 31, 2022			198,599,000
Ending balance at Mar. 31, 2022	189,851		$ 198	969,731	(779,723)	(355)
Beginning balance, shares at Dec. 31, 2021			198,084,000
Beginning balance at Dec. 31, 2021	$ 197,551		$ 198	947,160	(748,012)	(1,795)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	258,000
Shares repurchased (in shares)	(3,039,443)
Repurchased common stock	$ (39,200)
Other comprehensive income	3,649
Net loss	(43,788)
Ending balance, shares at Jun. 30, 2022			196,079,000
Ending balance at Jun. 30, 2022	165,656		$ 196	994,558	(830,952)	1,854
Beginning balance, shares at Mar. 31, 2022			198,599,000
Beginning balance at Mar. 31, 2022	189,851		$ 198	969,731	(779,723)	(355)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)			174,000
Issuance of common stock upon exercise of stock options	1,262			1,262
Issuance of common stock upon vesting of restricted stock awards and ESPP (in shares)			268,000
Issuance of common stock upon vesting of restricted stock awards	0		$ 1	(1)
Shares surrendered for settlement of minimum statutory tax withholdings (in shares)			(1,000)
Shares surrendered for settlement of minimum statutory tax withholdings	(30)			(30)
Stock-based compensation	23,596			23,596
Shares repurchased (in shares)			(2,961,000)
Repurchased common stock	(38,053)		$ (3)		(38,050)
Other comprehensive income	2,209					2,209
Net loss	(13,179)				(13,179)
Ending balance, shares at Jun. 30, 2022			196,079,000
Ending balance at Jun. 30, 2022	$ 165,656		$ 196	$ 994,558	$ (830,952)	$ 1,854

Unaudited Condensed Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net loss	$ (43,788)	$ (48,218)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	10,933	7,829
Amortization of right-of-use asset	852	0
Amortization of debt issuance costs	112	1,273
Amortization of prior hedge effectiveness	0	3,076
Impairment of other equity securities	170	0
Impairment of long-lived assets	0	379
Stock-based compensation	44,712	48,584
Deferred income taxes	1,955	(1,612)
Change in fair value of financial guarantee	0	(150)
Change in fair value of derivative instruments	0	28
Change in fair value of contingent consideration	(150)	0
Unrealized foreign exchange loss (gain)	3,405	(401)
Other	(1)	4
Changes in operating assets and liabilities:
Accounts receivable	(2,357)	(2,308)
Prepaid expenses and other current assets	(417)	(1,693)
Other assets	(345)	(668)
Accounts payable	(13,553)	7,891
Accrued expenses and other liabilities	8,156	3,195
Operating lease liabilities	(1,642)	0
Income tax payable	15	(276)
Deferred revenue	16,700	23,763
Net cash provided by operating activities	24,757	40,696
Cash flows from investing activities
Proceeds from acquisition working capital adjustment	307	0
Purchase of property and equipment	(10,379)	(6,004)
Net cash used in investing activities	(10,072)	(6,004)
Cash flows from financing activities
Repayment of capital lease obligations	0	(16)
Repayment of 2018 Term Loan	0	(2,675)
Repayment of hybrid debt	0	(1,332)
Payment of initial public offering costs	0	(2,794)
Payment of contingent consideration	(600)	(500)
Payment of special dividends	0	(47)
Repurchase of common stock	(39,155)	0
Shares surrendered for settlement of minimum statutory tax withholding	(30)	(209)
Proceeds from issuance of stock under employee stock plans	1,487	327
Net cash used in financing activities	(38,298)	(7,246)
Effect of exchange rate changes on cash and cash equivalents	(147)	56
Net (decrease) increase in cash and cash equivalents, and restricted cash equivalents	(23,760)	27,502
Cash and cash equivalents, and restricted cash equivalents, at beginning of the period	239,297	139,470
Cash and cash equivalents at end of the period	215,537	166,972
Non-cash investing and financing activities
Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities	869	584
Change in fair value of hedged interest rate swaps and interest rate cap	0	(3,133)
Capitalized stock-based compensation	1,230	13
Deferred offering costs included in accounts payable and accrued expenses and other current liabilities	0	2,678
Deferred financing costs included in accounts payable and accrued expenses and other current liabilities	0	742
Right-of-use assets under operating leases	$ 7,814	$ 0

Description of the Business	6 Months Ended
Description of the Business	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business LegalZoom.com, Inc., or the Company, was initially formed as a California corporation in 1999 and reincorporated as a Delaware corporation in 2007. LegalZoom.com, Inc., and its wholly owned subsidiaries, referred to herein as “we,” “us,” or “our,” has its executive headquarters in Glendale, California, its operational headquarters in Austin, Texas and additional locations in Frisco and San Antonio, Texas, Beaverton, Oregon and London in the United Kingdom, or U.K. We are a provider of services that meet the legal needs of small businesses and consumers. Our position at business inception allows us to become a trusted business advisor, supporting the evolving needs of a new business across its lifecycle. Along with formation, our offerings include ongoing compliance and tax advice and filings, trademark filings, and estate plans. Additionally, we have insights into our customers and leverage our offerings as a channel to introduce small businesses to leading brands in our partner ecosystem, solving even more of their business needs. Initial Public Offering The registration statement related to our initial public offering, or IPO, was declared effective on June 29, 2021, and our common stock began trading on the Nasdaq Global Select Market on June 30, 2021. On July 2, 2021, we completed our IPO for the sale of 19,121,000 shares of our common stock, $0.001 par value per share at an offering price of $28.00 per share, for proceeds of $505.9 million, net of underwriting discounts and commissions. In addition, we sold 2,868,150 shares of our common stock for net proceeds of $75.9 million pursuant to the full exercise of the underwriter’s option to purchase additional shares in connection with the IPO. In addition, on July 2, 2021, we sold 3,214,285 shares of our common stock in a private placement with an existing related party stockholder for proceeds of $85.0 million, net of underwriting discounts and commissions. We raised aggregate proceeds of $666.9 million from our IPO and private placement after deducting underwriting discounts and commissions. We incurred stock issuance costs of $5.6 million. Proceeds raised from our IPO were used to repay the full outstanding balance of $521.6 million on our 2018 Term Loan. Upon the completion of our IPO, 23,081,080 outstanding shares of redeemable convertible preferred stock with a carrying value of $70.9 million converted into 46,162,160 shares of common stock. Following the completion of the IPO, we have one class of authorized and outstanding common stock. Immediately upon the completion of our IPO, we filed an Amended and Restated Certificate of Incorporation, which authorized a total of 1,000,000,000 shares of common stock, $0.001 par value per share and 100,000,000 shares of preferred stock, par value $0.001 per share.

Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

A summary of the significant accounting policies we follow in the preparation of the accompanying unaudited condensed consolidated financial statements is set forth below.

Basis of Presentation and Consolidation

The accompanying unaudited condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America, or GAAP for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the related notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2021. The December 31, 2021 condensed consolidated balance sheet was derived from our audited consolidated financial statements as of that date. Our unaudited condensed consolidated financial statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the unaudited condensed consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. There have been no significant changes in accounting policies during the three and six months ended June 30, 2022 from those disclosed in the annual consolidated financial statements for the year ended December 31, 2021 and the related notes, except as noted below in the Recently Adopted Accounting Pronouncements.

The operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results expected for the full year ending December 31, 2022.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses, and related disclosures of contingent liabilities in the unaudited condensed consolidated financial statements and accompanying notes. Estimates are used for,

however not limited to, revenue recognition, sales allowances and credit reserves, available-for-sale debt securities, valuation of long-lived assets and goodwill, income taxes, commitments and contingencies, valuation of assets and liabilities acquired in business combinations and stock-based compensation. Actual results could differ materially from those estimates.

The extent to which COVID-19 continues to impact our business and financial results will depend on numerous continuously evolving factors including, but not limited to, the magnitude and duration of COVID-19, including resurgences; the impact on our employees; the extent to which it will impact worldwide macroeconomic conditions, including interest rates, employment rates, and health insurance coverage; the speed and degree of the anticipated recovery, as well as variability in such recovery across different geographies, industries, and markets; and governmental and business reactions to the pandemic. We assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to us and the unknown future impacts of COVID-19 as of June 30, 2022 and through the date of the issuance of these unaudited condensed consolidated financial statements. The accounting matters assessed included, but were not limited to, our allowance for doubtful accounts, sales allowances, and the carrying value of goodwill and other long-lived assets. While there was not a material impact as a result of COVID-19 on our unaudited condensed consolidated financial statements at and for the three and six months ended June 30, 2022, our future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to our consolidated financial statements in future reporting periods.

Significant accounting policies

The Company’s significant accounting policies are detailed in "Note 2: Summary of Significant Accounting Policies" of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021. On January 1, 2022, the Company adopted Accounting Standards Codification No. 842, Leases, with application to leases that existed as of the adoption date.

Segment and Geographic Information

Our Chief Executive Officer, as the Chief Operating Decision Maker, organizes our company, manages resource allocations, and measures performance on the basis of one operating segment.

Revenue outside of the U.S., based on the location of the customer, represented less than 1% of our unaudited consolidated revenue for the three and six months ended June 30, 2022 and 2021, respectively. Our property and equipment located outside of the U.S. was less than 1% of our consolidated property and equipment as of June 30, 2022 and December 31, 2021.

Foreign Currency

The British Pound Sterling is the functional currency for our foreign subsidiaries. The financial statements of these foreign subsidiaries are translated to U.S. Dollars using period-end rates of exchange for assets and liabilities, historical rates of exchange for equity, and average rates of exchange for the period for revenue and expenses. Translation gains and losses are recorded in accumulated other comprehensive loss as a component of our unaudited consolidated statements of redeemable convertible preferred stock and stockholders’ equity (deficit). We recognized foreign currency transaction losses of $2.0 million and gains of $0.3 million during the three months ended June 30, 2022 and 2021, respectively, and losses of $3.4 million and gains of $0.4 million during the six months ended June 30, 2022 and 2021, respectively.

Concentrations of Credit Risk

We maintain accounts in U.S. and U.K. banks with funds insured by the Federal Deposit Insurance Corporation, or FDIC, and the Financial Services Compensation Scheme, or FSCS, respectively. Our bank accounts may, at times, exceed the FDIC and FSCS insured limits. Financial instruments that potentially subject us to credit risk consist principally of cash and cash equivalents. Management believes that we are not exposed to any significant credit risk related to our cash or cash equivalents and have not experienced any losses in such accounts.

Due to a large and diverse customer base, no individual customer represented more than 1% of total revenue for the three and six months ended June 30, 2022 and 2021. At June 30, 2022 and December 31, 2021, there were no customers with an outstanding balance of 10% or more of our accounts receivable balance.

Leases

Financial information related to periods prior to adoption will be as originally reported under the Financial Accounting Standards Board, or FASB, Accounting Standard Codification, or ASC No. 840, Leases, or ASC 840. On January 1, 2022, we recorded operating lease right-of-use, or ROU assets of $5.7 million and operating lease liabilities of $5.9 million. The difference between the leased assets and lease liabilities represents the existing deferred rent liabilities balance at adoption, resulting from historical straight-line recognition of operating leases, which was

reclassified upon adoption to reduce the measurement of the leased assets. The adoption of the standard did not have a material impact on our stockholders’ equity, results of operations, or cash flows.

The new standard provides several optional practical expedients in transition. We elected the package of practical expedients permitted under the transition guidance, which eliminates the requirement to reassess whether a contract contains a lease and lease classification.

We have also made accounting policy elections, including a short-term lease exception policy, permitting us to not apply the recognition requirements of this standard to short-term leases, which are leases with expected terms of 12 months or less, and an accounting policy to account for lease and certain non-lease components as a single component for certain classes of assets. Additionally, the Company used the portfolio approach when applying the discount rate selected based on the dollar amount and term of the obligation.

We determined whether an arrangement is a lease, or contains a lease, at inception if we are able to identify an asset and can conclude we have the right to control the identified asset for a period of time. Leases are included in operating lease ROU assets and operating lease liabilities in the accompanying unaudited condensed consolidated balance sheets. Leases with an initial term of 12 months or less are not recorded on the condensed consolidated balance sheet.

ROU assets represent our right to control an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As our leases do not provide an implicit rate, we use the incremental borrowing rate based on the information available at commencement date in determining the discount rate used to present value lease payments. We used the incremental borrowing rate on January 1, 2022 for operating leases that commenced on or prior to that date. The incremental borrowing rate used is estimated based on what we would be required to pay for a collateralized loan over a similar term. Our leases typically do not include any residual value guarantees, bargain purchase options, or asset retirement obligations.

Our lease terms are only for periods in which we have enforceable rights. A lease is no longer enforceable when both the lessee and the lessor each have the right to terminate the lease without permission from the other party with no more than an insignificant penalty. Our lease terms are impacted by options to extend or terminate the lease when it is reasonably certain that we will exercise that option. We generally use the base, non-cancelable lease term when determining the lease assets and liabilities.

Our agreements may contain variable lease payments. We include variable lease payments that depend on an index or a rate and exclude those which depend on facts or circumstances occurring after the commencement date, other than the passage of time.

Revenue Recognition

We derive our revenue from the following sources:

Transaction revenue—Transaction revenue is primarily generated from our customized legal document services upon fulfillment of these services. Transaction revenue includes filing fees and is net of cancellations, promotional discounts and sales allowances.

Subscription revenue—Subscription revenue is generated primarily from subscriptions to our registered agent services, compliance packages, attorney advice, and legal forms services, in addition to software-as-a-service, or SaaS, subscriptions in the U.K. We generally recognize revenue from our subscriptions ratably over the subscription term. Subscription terms generally range from thirty days to one year. Subscription revenue includes the value allocated to bundled free-trials for our subscription services and is net of promotional discounts, cancellations, sales allowances and credit reserves and payments to third-party service providers such as legal plan law firms and tax service providers.

Partner revenue—Partner revenue consists primarily of one-time or recurring fees earned from third-party providers from leads generated to such providers through our online legal platform. Revenue is recognized when the related performance-based criteria have been met. We assess whether performance criteria have been met on a cost-per-click or cost-per-action basis.

Revenue from our transaction, subscription and partner revenue is as follows (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Transaction		$	66,532	$	73,360	$	130,616	$	134,748
Subscription		91,285		69,384		175,672		134,877
Partner		6,050		7,688		11,788		15,439
Total revenue		$	163,867	$	150,432	$	318,076	$	285,064

Recent Accounting Pronouncements

Under the Jumpstart our Business Startups Act, or JOBS Act, we meet the definition of an emerging growth company. We have elected to use the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. As a result, our financial statements may not be comparable to the financial statements of issuers who are required to comply with the effective date for new or revised accounting standards that are applicable to public companies. To the extent that we no longer qualify as an emerging growth company, we will be required to adopt certain accounting pronouncements earlier than the adoption dates disclosed below which are for non-public business entities.

Recently Adopted Accounting Pronouncements

In February 2016, the FASB issued a new standard related to leases to increase transparency and comparability among organizations by requiring the recognition of ROU assets and lease liabilities on the balance sheet. Most prominent among the changes in the standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. We adopted this guidance effective January 1, 2022. Refer to Note 7 for further details.

In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting, or Topic 848, that provides optional relief to applying reference rate reform to contracts, hedging relationships, and other transactions that reference the LIBOR, which has been discontinued as of the end of 2021. Also, in January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848) — Scope, to clarify that cash flow hedges are eligible for certain optional expedients and exceptions for the application of subsequent assessment methods to assume perfect effectiveness as previously presented in ASU 2020-04. Topic 848 is effective immediately and may be applied through December 31, 2022. We have adopted the provisions of Topic 848 and the adoption did not have a material impact to our unaudited condensed consolidated financial statements.

Accounting Pronouncements Not Yet Adopted

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit losses: Measurement of Credit Losses on Financial Instruments (Topic 326), or Topic 326, which revises the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in more timely recognition of losses on financial instruments, including, but not limited to, available-for-sale debt securities and accounts receivable. Based upon our current filing status, Topic 326 is effective for our annual reporting period beginning on January 1, 2023. We are currently evaluating the impact of the adoption of Topic 326 on our consolidated financial statements.

In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity. This standard eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. It also amends the accounting for certain contracts in an entity’s own equity that are currently accounted for as derivatives because of specific settlement provisions. In addition, the new guidance modifies how particular convertible instruments and certain contracts that may be settled in cash or shares impact the diluted earnings per share computation. Based upon our current filing status, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We are currently evaluating the impact of the adoption on our consolidated financial statements.

In June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820), or Topic 820, which clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. Based upon our current filing status, the amendments are effective for fiscal years, beginning after December 15, 2024. We are currently evaluating the impact of the adoption on our consolidated financial statements.

Other Financial Statement Information

6 Months Ended

Jun. 30, 2022

Other Financial Information [Abstract]

Other Financial Statement Information

Accounts Receivable

Changes in the allowance consisted of the following (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Beginning balance		$	3,633	$	4,709	$	4,060	$	5,256
Add: amounts recognized as a reduction of revenue		2,471		1,445		4,193		3,027
Add: bad debt expense recognized in general and administrative expense		68		16		140		30
Less: write-offs, net of recoveries		(1,664)		(1,056)		(3,885)		(3,199)
Ending balance		$	4,508	$	5,114	$	4,508	$	5,114

The allowance recognized as a reduction of revenue primarily relates to our installment plan receivables for which we expect we will not be entitled to a portion of the transaction price based on our historical experience with similar transactions. The allowance recognized against general and administrative expense represents an allowance relating to receivables from partners that are no longer considered collectible.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	June 30, 2022		December 31, 2021
Prepaid expenses	$	9,292	$	10,968
Deferred cost of revenue	2,118		1,819
Capitalized cloud computing development costs	869		867
Other current assets	1,581		2,935
Total prepaid expenses and other current assets	$	13,860	$	16,589

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	June 30, 2022		December 31, 2021
Accrued payroll and related expenses	$	18,741	$	21,858
Accrued vendor payables	15,003		18,239
Accrued advertising	11,621		426
Sales allowances	4,570		4,862
Accrued sales, use and business taxes	3,380		2,678
Other	2,505		2,754
Total accrued expenses and other current liabilities	$	55,820	$	50,817

Depreciation and Amortization

Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Cost of revenue		$	2,184	$	1,398	$	4,254	$	3,076
Sales and marketing		1,879		1,323		3,754		2,798
Technology and development		692		584		1,418		1,171
General and administrative		784		358		1,507		784
Total depreciation and amortization expense		$	5,539	$	3,663	$	10,933	$	7,829

Deferred revenue

Deferred revenue as of June 30, 2022 and December 31, 2021 was $164.3 million and $147.9 million, respectively. Revenue recognized in the three months ended June 30, 2022 and 2021 that was included in deferred revenue at March 31, 2022 and 2021 was $93.3 million and $77.5 million, respectively. Revenue recognized in the six months ended June 30, 2022 and 2021, respectively, that was included in deferred revenue as of December 31, 2021 and 2020 was $123.9 million and $102.3 million, respectively. .

We have omitted disclosure on the transaction price allocated to remaining performance obligations and estimated timing of revenue recognition as our contracts with customers that have a duration of more than one year are immaterial.

Acquisitions	6 Months Ended
Acquisitions	Jun. 30, 2022
Business Combinations [Abstract]
Acquisitions	Acquisitions Earth Class Mail, Inc. In November 2021, we acquired all of the outstanding equity interests in Earth Class Mail, Inc., or Earth Class Mail, a company that provides virtual mailbox solutions for small businesses, in line with our strategy to scale our existing business through building in-house adjacencies. The total cash paid was $61.2 million, inclusive of a working capital adjustment of $0.3 million. Intangible assets acquired from Earth Class Mail included customer relationships of $10.6 million, developed technology of $5.4 million and trade names of $0.2 million, which are being amortized over their estimated useful life using the straight-line method. Goodwill of $48.6 million arising from the acquisition consisted largely of the assembled workforce and synergies expected from combining Earth Class Mail into our operations. The purchase accounting for the Earth Class Mail acquisition remains incomplete with respect to acquired intangible assets as management continues to gather and evaluate information about circumstances that existed as of the acquisition date. Measurement period adjustments will be recognized in the reporting period in which the adjustment amounts are determined within 12 months from the acquisition date.

Long-term Debt	6 Months Ended
Long-term Debt	Jun. 30, 2022
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt On July 2, 2021, we entered into an amended and restated credit and guaranty agreement, or 2021 Revolving Facility, providing for revolving borrowings of up to $150.0 million with an availability period of five years. Under the 2021 Revolving Facility, we can use up to $20.0 million in letters of credit as well as borrowings on same-day notice, referred to as swingline loans, in an amount of up to $10.0 million. Additional debt issuance costs of $0.8 million were allocated to the 2021 Revolving Facility. The interest rate applicable to the 2021 Revolving Facility is, at our option, at a rate equal to the greatest of (i) the administrative agent’s prime rate (ii) the federal funds effective rate plus 1/2 of 1.0% or (iii) one month LIBOR (subject to a 1.00% floor), plus 1.00% or LIBOR (subject to a 0.00% floor) plus 2.00%. The interest rate margins under the 2021 Revolving Facility are subject to a reduction of 0.25% and a further reduction of 0.25% upon achieving total net first lien leverage ratios of 3.50 to 1.00 and 2.50 to 1.00, respectively. We are required to pay a commitment fee in respect of unutilized commitments under the 2021 Revolving Facility. The commitment fee is, initially, 0.35% per annum. The commitment fee is subject to a reduction of 0.10% if the total net first lien leverage ratio does not exceed 3.50 to 1.00. We are also required to pay customary letter of credit fees and agency fees. We have the option to voluntarily repay outstanding loans under the 2021 Revolving Facility at any time without premium or penalty, other than customary “breakage” costs with respect to LIBOR loans. There is no scheduled amortization under the 2021 Revolving Facility. Any principal amount outstanding is due and payable in full at maturity, five years from the closing date of the 2021 Revolving Facility. Obligations under the 2021 Revolving Facility are guaranteed by our existing and future direct and indirect material wholly-owned domestic subsidiaries, subject to certain exceptions. The 2021 Revolving Facility contains a number of covenants that, among other things, subject to certain exceptions, restrict our ability and the ability of our restricted subsidiaries to incur additional indebtedness and guarantee indebtedness; create or incur liens; pay dividends and distributions or repurchase capital stock; merge, liquidate and make asset sales; change lines of business; change our fiscal year; incur restrictions on our subsidiaries’ ability to make distributions and create liens; modify our organizational documents; make investments, loans and advances; and enter into certain transactions with affiliates. The 2021 Revolving Facility requires compliance with a total net first lien leverage ratio of 4.50 to 1.00, or Financial Covenant. The Financial Covenant will be tested at quarter-end only if the total principal amount of all revolving loans, swingline loans and drawn letters of credit that have not been reimbursed exceeds 35% of the total commitments under the 2021 Revolving Facility on the last day of such fiscal quarter. At June 30, 2022, and December 31, 2021, we had no amounts outstanding under our 2021 Revolving Facility or any outstanding letters of credit and were in compliance with all financial covenants.

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments Interest Rate Swaps At June 30, 2021, we held interest rate swap contracts with an aggregate notional amount of $395.0 million, which were designated as cash flow hedges. In July 2021, upon the full repayment of our 2018 Term Loan, our interest rate swaps were discontinued as cash flow hedges and were subsequently extinguished. Financial Guarantee In June 2021, our financial guarantee of the personal loan of a former executive officer was waived prior to our IPO. The associated restricted cash equivalent of $25.0 million became unrestricted and was reclassified to cash and cash equivalents. The change in fair value of our financial guarantee was not material to our unaudited condensed consolidated financial statements for the six months ended June 30, 2021.

Commitments and Contingencies

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Operating Leases

We conduct operations from certain leased facilities in various locations. At June 30, 2022, we had various non-cancelable operating leases for office space and equipment, which expire between July 31, 2022 and September 30, 2029, which represent the non-cancelable periods of the leases and include extension options that we determined are reasonably certain to be exercised. We exclude extension options that are not reasonably certain to be exercised from our lease terms. Our lease payments consist primarily of fixed rental payments for the right to use the underlying leased assets over the lease terms. We often receive customary incentives from our landlords, such as reimbursements for tenant improvements and rent abatement periods, which effectively reduce the total lease payments owed for these leases.

Operating lease ROU assets and liabilities on our condensed consolidated balance sheets represent the present value of our remaining lease payments over the remaining lease terms. We do not allocate lease payments to non-lease components. We use our incremental borrowing rate to calculate the present value of our lease payments, as the implicit rates in our leases are not readily determinable.

At June 30, 2022, the maturities of our remaining operating lease liabilities were as follows (in thousands, except years and percentages):


	June 30, 2022

2022	$	898
2023	1,763
2024	1,355
2025	814
2026	776
Thereafter	1,304
Total minimum lease payments	$	6,910
Less: Effects of discounting	526
Present value of lease liabilities under ASC 842	6,384
Less: current portion	1,542
Long-term lease liabilities	$	4,842
Weighted-average remaining lease term	4.8 years
Weighted-average incremental borrowing rate	3.25		%

The component of our lease costs included in our unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2022, were as follows (in thousands):


	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Lease cost
Operating lease cost	$	524	$	939
Other variable cost	61		177
Net lease cost	$	585	$	1,116

At June 30, 2022, we had lease agreements with commencement dates beginning on or after July 1, 2022. The total future aggregate minimum lease payments for such lease agreements calculated under ASC 842 were as follows (in thousands):


	Operating Leases

2022	$	134
2023	807
2024	832
2025	857
2026	882
Thereafter	2,644
Total minimum lease payments	$	6,156
Less: Effects of discounting	707
Present value of lease liabilities under ASC 842	$	5,449

Total future aggregate minimum lease payments calculated under ASC 840 as of December 31, 2021 were as follows (in thousands):


	Operating Leases

2022	$	2,372
2023	1,101
2024	867
2025	550
2026	505
Thereafter	1,033
Total minimum lease payments under ASC 840	$	6,428

Advertising, Media and Other Commitments

We use a variety of media to advertise our services, including search engine marketing, television and radio. At June 30, 2022, we had non-cancelable minimum advertising and media commitments for future advertising spots of $17.1 million, substantially all of which will be paid over a two year period. We also have non-cancelable agreements with various vendors, which require us to pay $55.4 million over a 5-year period, of which $42.2 million remains to be paid as of June 30, 2022.

Legal Proceedings

We received a demand letter dated April 20, 2020 from service partner Dun & Bradstreet alleging that Dun & Bradstreet had overpaid us for services. The letter alleges these overpayments occurred between 2015 and 2019, amounted to $5.6 million, and were caused by overreporting by us. The parties have continued to negotiate, and no claim has been filed. We deny and will continue to deny all of the allegations and claims asserted by Dun & Bradstreet, including, but not limited to, any allegation that Dun & Bradstreet has suffered any harm or damages. We believe we have meritorious defenses to the claims and will vigorously defend any action. While there is at least a reasonable possibility that a loss may be incurred, we have not recorded any loss or accrual in the accompanying unaudited condensed consolidated financial statements at June 30, 2022 for this matter as a loss is not probable.

In July 2021, Legalinc Corporate Services Inc., LegalZoom’s wholly owned subsidiary, or Legalinc, received a citation from the Wyoming Secretary of State of Wyoming regarding Legalinc’s registered agent services in Wyoming. The citation alleges that Legalinc failed to comply with Wyoming’s Registered Offices and Agents Act when carrying out its registered agent business in the state, and assessed an initial $4.1 million penalty and revoked Legalinc’s status as a commercial registered agent in Wyoming. Legalinc has requested a hearing to review the matter and is engaging in negotiations with the State. We are unable to predict the ultimate outcome of this matter. While there is at least a reasonable possibility that a loss may be incurred, we have not recorded any loss or accrual in the accompanying unaudited condensed consolidated financial statements at June 30, 2022 for this matter as a loss is not probable. If this matter is not resolved in our favor, the losses arising from the result of a final ruling, hearing or settlements may have a material adverse effect on our results of operations, cash flows and financial condition.

From time to time, we may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. Other than those described above and in our Annual Report on Form 10-K, we are not currently a party to any material legal proceedings, nor are we aware of any pending or threatened litigation that could have a material adverse effect on our results of operations, cash flows, and financial condition, should such litigation be resolved unfavorably.

Indemnifications

Indemnification provisions in our third-party service provider agreements provide that we will indemnify, hold harmless, and reimburse the indemnified parties on a case-by-case basis for losses suffered or incurred by the indemnified parties in connection with any claim by any third-party as a result of our website, advertising, marketing, payment processing, collection or customer service activities. The maximum potential amount of future payments we could be required to make under these indemnification provisions is undeterminable.

No amounts have been accrued or have been paid during any period presented as we believe the fair value of these indemnification obligations is immaterial.

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchase Program On March 1, 2022, our board of directors approved a share repurchase program authorizing us to repurchase up to $150.0 million of our common stock. Stock repurchases under this program may be made through any manner, including open market transactions, accelerated share repurchase agreements, or privately negotiated transactions with third parties, and in such amounts as management deems appropriate. Open market repurchases will be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. We may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of our shares of common stock under this authorization. This program does not obligate us to acquire any particular amount of common stock and may be modified, suspended or terminated at any time at the discretion of our board of directors. During the six months ended June 30, 2022, using the Rule 10b5-1 plans, we repurchased a total of 3,039,443 shares of our common stock through open market purchases at an average per share price of $12.88 for a total repurchase of $39.2 million including broker commission. The repurchases were recorded as a reduction to stockholders' equity. We have made additional repurchases under the share repurchase program subsequent to June 30, 2022 of 1,537,158 shares of our common stock through open market purchases, amounting to $15.1 million, as of the date of filing.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Stock-based Compensation

6 Months Ended

Jun. 30, 2022

Share-based Payment Arrangement [Abstract]

Stock-based Compensation

Stock-based Compensation Expense

We recorded stock-based compensation expense in the following categories in the accompanying unaudited condensed consolidated statements of operations and balance sheets (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Cost of revenue		$	1,331	$	762	$	1,608	$	821
Sales and marketing		3,536		5,143		6,661		5,350
Technology and development		4,148		17,619		8,446		18,145
General and administrative		13,832		21,430		27,997		24,580
Total stock-based compensation expense		22,847		44,954		44,712		48,896
Amount capitalized to internal-use software		749		13		1,230		26
Total stock-based compensation expense		$	23,596	$	44,967	$	45,942	$	48,922

The change in compensation expense is due to certain award modifications in connection with our IPO in 2021 as described in “Modification of Stock-Based Compensation Awards” below.

Stock Options

Stock option activity for the six months ended June 30, 2022 is as follows (in thousands, except weighted-average exercise price and remaining contract life):


	Number of Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2021	15,274	$	10.47	8.0	$	97,094
Granted	2,766	14.15
Exercised	(258)	1.11
Cancelled/forfeited	(10)	1.16
Outstanding at June 30, 2022	17,772	$	11.15	7.9	$	21,781
Vested and expected to vest at June 30, 2022	17,764	$	11.19	7.9	$	21,757
Exercisable at June 30, 2022	8,516	$	9.21	7.3	$	15,200

There was a realized tax benefit of, $0.6 million and $2.5 million for tax deductions from stock options exercised during the three and six months ended June 30, 2022, respectively, and $3.2 million and $5.5 million for tax deductions from stock options exercised during the three and six months ended June 30, 2021, respectively. At June 30, 2022, total unrecognized stock-based compensation expense is $50.8 million, which is expected to be recognized over a weighted-average period of 2.5 years.

The weighted-average assumptions that were used to calculate the grant-date fair value of our stock option grants using the Black-Scholes option pricing model were as follows:


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Expected life (years)		—		5.4		5.6		5.4
Risk-free interest rate		—	%	1.0	%	2.6	%	1.0	%
Expected volatility		—	%	45.6	%	47.6	%	45.6	%
Expected dividend yield		—		—	%	—		—	%

In June 2021, we granted 970,970 options to our executive officers that were contingent on the effectiveness of the registration statement of our IPO, which occurred on June 29, 2021, or IPO Options. Because the number of options and exercise price of the IPO Options were based on the IPO price to the public, the grant date for accounting purposes was not established until the effective date of our IPO. As the IPO was a performance condition, no stock-based compensation expense was recognized until our IPO registration statement was declared effective. The related stock-based compensation expense for the three and six months ended June 30, 2022 was $1.5 million and $2.9 million, respectively and the remaining stock-based compensation of $5.3 million will be recognized over a weighted-average requisite service period of approximately 3.1 years.

Restricted Stock Units

Restricted stock unit, or RSU, activity for the six months ended June 30, 2022 is as follows (in thousands, except weighted-average grant-date fair value):


	Number of Units	Weighted- Average Grant- Date Fair Value
Unvested at December 31, 2021	3,577	$	21.52
Granted	5,310	13.96
Cancelled/forfeited	(432)	14.83
Vested	(663)	20.01
Unvested at June 30, 2022	7,792	$	16.94

RSUs are measured based on the fair market value of the underlying stock on the date of grant and recognized as expense over the employee’s requisite service period.At June 30, 2022, total remaining stock-based compensation expense for unvested RSU awards is $101.8 million, which is expected to be recognized over a weighted-average period of 3.3 years.

In June 2021, we granted 388,389 RSUs with a value of $10.9 million to our executive officers that were contingent on the effectiveness of the registration statement of our IPO, or IPO RSUs. As the IPO was a performance condition, no stock-based compensation expense was recognized until our IPO registration statement was declared effective. Stock-based compensation expense for the three and six months ended June 30, 2022 was $1.4 million and $2.8 million, respectively, and the remaining stock-based compensation of $5.1 million is expected to be recognized over a weighted-average period of 3.1 years.

In 2021, we granted 1,338,028 liquidity event RSUs, or LERSUs, to various employees, which only vest upon the achievement of up to four-years of service and upon the consummation of a change-in-control, or CIC event, which included an IPO. If the recipient’s employment terminates for any reason other than for cause, the recipient shall retain any service-vested LERSUs until 6.5 years from the date of grant or the earlier settlement of the service-vested LERSUs upon the consummation of a CIC event. For the LERSUs, recognition of expense does not occur until the consummation of a CIC event and expense is recognized thereafter for any remaining service period, as such events are not considered probable of occurring prior to the CIC event for stock-based compensation purposes.

Upon the effective date of our IPO registration statement on June 29, 2021, we commenced recognition of stock-based compensation for all LERSUs as the CIC performance event and service conditions for vested RSUs were

satisfied. Stock-based compensation expense for these LERSUs of $4.1 million and $10.5 million, was recognized on a graded vesting basis during the three and six months ended June 30, 2022, respectively.

In March 2021, we granted 30,434 RSUs to various employees where the RSUs will vest depending upon the appreciation of the fair value of our common stock compared to the grant-date fair value of our common stock and upon the consummation of a CIC event, which included an IPO, merger, acquisition, or sale of more than 50% of our assets, or performance RSUs. The performance RSUs vest on a linear basis, starting at 0% with a fair value of our common stock equal to $19.64 per share and ending at 100% upon reaching a fair value of our common stock of $29.46 per share. The performance options were subsequently modified in June 2021, prior to the effective date of our IPO registration statement, as discussed below.

Stock-option and RSU activity described above, including total stock-based compensation expense recognized and total remaining stock-based compensation expense, is inclusive of awards modified during the period as discussed below.

Modification of Stock-Based Compensation Awards

In June 2021, we modified the vesting conditions of certain stock options and RSUs as described below.

We modified the vesting conditions of 4,477,218 outstanding performance options of certain executive officers and employees so that the performance options do not fully vest immediately upon an IPO. Instead, subject to and contingent upon the effective date of an IPO, the modified performance options for executive officers will vest monthly over a four-year period from their original vesting commencement dates and the modified performance options of certain employees will vest 25% on the first anniversary from the vesting commencement date, and then vest monthly over the remaining service period, subject to continued employment through the applicable vesting dates. As the modified awards contain a performance condition that is satisfied upon an IPO, we remeasured the fair value of the performance options on the date of modification. This new fair value of $76.6 million will be recognized as stock-based compensation expense using the graded vesting method, with an immediate stock-based compensation expense recognized on the effective date of our IPO registration statement for the modified performance options for which the service vesting condition was satisfied on or prior to the effective date of the IPO registration statement, and all remaining compensation expense will be recognized thereafter over the remaining service period. We recognized stock-based compensation of $5.6 million and $12.7 million during the three and six months ended June 30, 2022, respectively.

We modified the vesting conditions of 3,627,936 outstanding 2019 performance options of an executive officer so that in the event of an IPO, the modified 2019 performance options will vest monthly over a four-year period from the original vesting commencement date in 2019, subject to continued employment of the executive officer, rather than vesting upon the fourth anniversary of the original date of grant based on achieving certain stock price thresholds. Incremental stock-based compensation expense as a result of this modification was $11.4 million. Upon our IPO, we recognized stock-based compensation expense for the modified 2019 performance options for which the service vesting condition was satisfied on or prior to the effective date of the IPO registration statement, and all remaining compensation will be recognized thereafter over the remaining service period using the graded vesting method. We recognized stock-based compensation of $1.4 million and $3.2 million, during the three and six months ended June 30, 2022, respectively.

We modified the vesting conditions of 111,902 outstanding performance RSUs of certain employees so that the modified performance RSUs do not vest immediately upon an IPO. Instead, subject to and contingent upon the effective date of an IPO registration statement, the modified performance RSUs vest 25% on the first anniversary from their respective vesting commencement dates, then monthly over the remaining service period, subject to the continued employment through the applicable vesting dates. As the modified RSUs contain a performance condition that is satisfied upon an IPO, we remeasured the fair value of the performance RSUs on the date of modification. This new fair value of approximately $2.9 million will be recognized as stock-based compensation expense using the graded vesting method, with an immediate stock-based compensation expense recognized on the effective date of our IPO registration statement for the performance RSUs for which the service vesting condition was satisfied on or prior to the effective date of the IPO registration statement, and all remaining compensation will be recognized thereafter over the remaining service period. We recognized stock-based compensation expense of $0.1 million and $0.3 million during the three and six months ended June 30, 2022, respectively.

We modified the vesting conditions of 1,725,942 outstanding LERSUs and 1,706,888 outstanding time-based options of certain executive officers to amend the severance vesting acceleration benefit applicable for the LERSUs and to remove the CIC event vesting acceleration benefit for the time-based options. There was no incremental stock-based compensation associated with the modification of the time-based options. We remeasured the fair value of the LERSUs on the date of modification and this new fair value of approximately $43.3 million will be recognized using the graded vesting method, with an immediate stock-based compensation expense recognized on the effective date of our IPO registration statement for the modified LERSUs that have satisfied the service-vesting condition on or prior to the effective date of our IPO registration statement, and all remaining compensation will be recognized thereafter over the remaining service period. We recognized stock-based compensation expense of $3.5 million and $8.1 million, during the three and six months ended June 30, 2022, respectively.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes, which requires an estimate of the annual effective tax rate for the full year to be applied to the interim period, taking into account year-to-date amounts and projected results for the full year. Our effective tax rate could fluctuate significantly from quarter to quarter based on recurring and nonrecurring factors including, but not limited to: variations in the estimated and actual level of pre-tax income or loss by jurisdiction; changes in enacted tax laws and regulations, and interpretations thereof, including with respect to tax credits and state and local income taxes; developments in tax audits and other matters; recognition of excess tax benefits and tax deficiencies from stock-based compensation and certain nondeductible expenses. Changes in judgment from the evaluation of new information resulting in the recognition, derecognition, or remeasurement of a tax position taken in a prior annual period are recognized separately in the quarter of the change. We recorded a benefit from income taxes of $0.5 million and provision for income taxes of $2.0 million for the three months ended June 30, 2022 and 2021, respectively and provision for income taxes of $2.5 million and benefit from income taxes of $0.9 million for the six months ended June 30, 2022 and 2021, respectively. The effective tax rate for the three months ended June 30, 2022 and 2021 was 3.3% and (5.5)%, respectively. For the six months ended June 30, 2022 and 2021, the effective tax rate was (6.1)% and 1.9%, respectively. The difference from the federal statutory rate of 21% primarily due to the recognition of significant non-deductible stock-based compensation and other discrete adjustments. Gross unrecognized tax benefits were $8.2 million and $7.9 million as of June 30, 2022 and December 31, 2021, respectively. The gross unrecognized tax benefits, if recognized by us, will result in a reduction of approximately $8.2 million, excluding interest and penalties, to the provision for income taxes thereby favorably impacting our effective tax rate. Our policy is to recognize interest and penalties related to income tax matters in income tax expense. For the periods presented, interest and penalties related to income tax positions were not material to our unaudited condensed consolidated financial statements. We are subject to taxation and file income tax returns in the U.S. federal, state, and foreign jurisdictions. The federal income tax return for the years 2018 through 2021 and state income tax returns for the tax years 2008 through 2021 remain open to examination. We are under examination in two states which are not expected to have an impact on our results of operations, cash flows and financial condition.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI http://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI http://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Net Loss Per Share Attributable to Common Stockholders

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Net Loss Per Share Attributable to Common Stockholders

The following table shows the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share amounts):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Numerator:
Net loss		$	(13,179)	$	(38,395)	$	(43,788)	$	(48,218)
Net loss attributable to common stockholders—basic and diluted		(13,179)		(38,395)		(43,788)		(48,218)
Denominator:
Weighted-average common stock used in computing net loss per share attributable to common stockholders—basic and diluted		197,819		125,423		198,040		125,245
Net loss per share attributable to common stockholders—basic and diluted		$	(0.07)	$	(0.31)	$	(0.22)	$	(0.38)

The following table presents the number of options, RSUs and restricted stock excluded from the calculation of diluted net loss per share attributable to common stockholders because they are anti-dilutive (in thousands):


	Six Months Ended June 30,
	2022	2021
Options to purchase common stock	17,772	15,666
RSUs	7,792	3,795
Employee stock purchase plan	83	—
Restricted stock	—	50
Total	25,647	19,511

Fair Value Measurements

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair value is defined as the price that would be received from selling an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The standard establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is as follows:

Level 1 — Quoted prices in active markets for identical assets and liabilities.

Level 2 — Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly.

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

At June 30, 2022 and December 31, 2021, our financial assets and liabilities recorded at fair value on a recurring basis consisted of cash equivalents and available-for-sale debt securities. Cash equivalents consisted of a money market fund valued using quoted prices in active markets, which represent Level 1 inputs in the fair value hierarchy. The available-for-sale debt securities were valued using a Monte Carlo simulation, which include inputs that represent Level 3 inputs in the fair value hierarchy.

The carrying amounts of accounts receivable, accounts payable and accrued expenses and other current liabilities approximate fair values because of the short-term nature of these items.

The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):


	As of June 30, 2022
	Level 1		Level 2		Level 3
Available-for-sale debt securities	$	—	$	—	$	1,182
Money market fund	80,276		—		—
Total assets	$	80,276	$	—	$	1,182


	As of December 31, 2021
	Level 1		Level 2		Level 3
Available-for-sale debt securities	$	—	$	—	$	1,122
Money market fund	30,215		—		—
Total assets	$	30,215	$	—	$	1,122
Contingent consideration	—		—		750
Total liabilities	$	—	$	—	$	750

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accumulated Other Comprehensive (Loss) Income

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive (Loss) Income

Accumulated Other Comprehensive (Loss) IncomeChanges in accumulated other comprehensive (loss) income consisted of the following:


	As of June 30, 2022
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance at December 31, 2021	$	(2,078)	$	—	$	(2,078)
Change during period	1,402		—		1,402
Ending balance at March 31, 2022	(676)		—		(676)
Change during period	2,209		—		2,209
Ending balance at June 30, 2022	$	1,533	$	—	$	1,533
Available-for-sale debt securities:
Beginning balance at December 31, 2021	$	331	$	(48)	$	283
Unrealized gains	51		(13)		38
Ending balance at March 31 and June 30, 2022	$	382	$	(61)	$	321
Accumulated other comprehensive (loss) income:
Beginning balance at December 31, 2021	$	(1,747)	$	(48)	$	(1,795)
Other comprehensive income	1,453		(13)		1,440
Ending balance at March 31, 2022	(294)		(61)		(355)
Other comprehensive income	2209		—		2,209
Ending balance at June 30, 2022	$	1,915	$	(61)	$	1,854


	As of June 30, 2021
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance at December 31, 2020	$	(3,014)	$	—	$	(3,014)
Change during period	(147)		—		(147)
Ending balance at March 31, 2021	(3,161)		—		(3,161)
Change during period	(204)		—		(204)
Ending balance at June 30, 2021	$	(3,365)	—		(3,365)
Available-for-sale debt securities:
Beginning balance at December 31, 2020	$	281	$	(36)	$	245
Unrealized gains	17		(4)		13
Ending balance at March 31, 2021	298		(40)		258
Unrealized loss	(56)		15		(41)
Ending balance at June 30, 2021	$	242	$	(25)	$	217
Cash flow hedges:
Beginning balance at December 31, 2020	$	(14,708)	$	3,650	$	(11,058)
Unrealized gain on interest rate swaps and cap	2,772		(691)		2,081
Reclassification of losses from interest rate cap to net loss	28		(8)		20
Reclassification of prior hedge effectiveness to net loss	1,328		(331)		997
Ending balance at March 31, 2021	(10,580)		2,620		(7,960)
Unrealized gain on interest rate swaps	360		(90)		270
Reclassification of prior hedge effectiveness to net loss	1,748		(450)		1,298
Ending balance at June 30, 2021	$	(8,472)	$	2,080	$	(6,392)
Accumulated other comprehensive loss:
Beginning balance at December 31, 2020	$	(17,441)	$	3,614	$	(13,827)
Other comprehensive income	3,998		(1,034)		2,964
Ending balance at March 31, 2021	(13,443)		2,580		(10,863)
Other comprehensive income	1,848		(525)		1,323
Ending balance at June 30, 2021	$	(11,595)	$	2,055	$	(9,540)

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsIn August 2022, we acquired all of the assets in a business providing registered agent services and corporate compliance solutions. The total purchase price was $4.1 million, subject to customary adjustments, which was paid at closing and funded by our available cash on hand. We are currently evaluating the purchase price allocation for this transaction.

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The accompanying unaudited condensed consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America, or GAAP for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these unaudited condensed consolidated financial statements should be read in conjunction with our audited consolidated financial statements and the related notes thereto included in the Annual Report on Form 10-K for the year ended December 31, 2021. The December 31, 2021 condensed consolidated balance sheet was derived from our audited consolidated financial statements as of that date. Our unaudited condensed consolidated financial statements include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the unaudited condensed consolidated financial statements. All intercompany balances and transactions have been eliminated in consolidation. There have been no significant changes in accounting policies during the three and six months ended June 30, 2022 from those disclosed in the annual consolidated financial statements for the year ended December 31, 2021 and the related notes, except as noted below in the Recently Adopted Accounting Pronouncements. The operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results expected for the full year ending December 31, 2022.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses, and related disclosures of contingent liabilities in the unaudited condensed consolidated financial statements and accompanying notes. Estimates are used for, however not limited to, revenue recognition, sales allowances and credit reserves, available-for-sale debt securities, valuation of long-lived assets and goodwill, income taxes, commitments and contingencies, valuation of assets and liabilities acquired in business combinations and stock-based compensation. Actual results could differ materially from those estimates. The extent to which COVID-19 continues to impact our business and financial results will depend on numerous continuously evolving factors including, but not limited to, the magnitude and duration of COVID-19, including resurgences; the impact on our employees; the extent to which it will impact worldwide macroeconomic conditions, including interest rates, employment rates, and health insurance coverage; the speed and degree of the anticipated recovery, as well as variability in such recovery across different geographies, industries, and markets; and governmental and business reactions to the pandemic. We assessed certain accounting matters that generally require consideration of forecasted financial information in context with the information reasonably available to us and the unknown future impacts of COVID-19 as of June 30, 2022 and through the date of the issuance of these unaudited condensed consolidated financial statements. The accounting matters assessed included, but were not limited to, our allowance for doubtful accounts, sales allowances, and the carrying value of goodwill and other long-lived assets. While there was not a material impact as a result of COVID-19 on our unaudited condensed consolidated financial statements at and for the three and six months ended June 30, 2022, our future assessment of the magnitude and duration of COVID-19, as well as other factors, could result in material impacts to our consolidated financial statements in future reporting periods.
Segment and Geographic Information	Segment and Geographic Information Our Chief Executive Officer, as the Chief Operating Decision Maker, organizes our company, manages resource allocations, and measures performance on the basis of one operating segment.
Foreign Currency	Foreign CurrencyThe British Pound Sterling is the functional currency for our foreign subsidiaries. The financial statements of these foreign subsidiaries are translated to U.S. Dollars using period-end rates of exchange for assets and liabilities, historical rates of exchange for equity, and average rates of exchange for the period for revenue and expenses. Translation gains and losses are recorded in accumulated other comprehensive loss as a component of our unaudited consolidated statements of redeemable convertible preferred stock and stockholders’ equity (deficit).
Concentrations of Credit Risk	Concentrations of Credit Risk We maintain accounts in U.S. and U.K. banks with funds insured by the Federal Deposit Insurance Corporation, or FDIC, and the Financial Services Compensation Scheme, or FSCS, respectively. Our bank accounts may, at times, exceed the FDIC and FSCS insured limits. Financial instruments that potentially subject us to credit risk consist principally of cash and cash equivalents. Management believes that we are not exposed to any significant credit risk related to our cash or cash equivalents and have not experienced any losses in such accounts.
Leases	Leases Financial information related to periods prior to adoption will be as originally reported under the Financial Accounting Standards Board, or FASB, Accounting Standard Codification, or ASC No. 840, Leases, or ASC 840. On January 1, 2022, we recorded operating lease right-of-use, or ROU assets of $5.7 million and operating lease liabilities of $5.9 million. The difference between the leased assets and lease liabilities represents the existing deferred rent liabilities balance at adoption, resulting from historical straight-line recognition of operating leases, which was reclassified upon adoption to reduce the measurement of the leased assets. The adoption of the standard did not have a material impact on our stockholders’ equity, results of operations, or cash flows. The new standard provides several optional practical expedients in transition. We elected the package of practical expedients permitted under the transition guidance, which eliminates the requirement to reassess whether a contract contains a lease and lease classification. We have also made accounting policy elections, including a short-term lease exception policy, permitting us to not apply the recognition requirements of this standard to short-term leases, which are leases with expected terms of 12 months or less, and an accounting policy to account for lease and certain non-lease components as a single component for certain classes of assets. Additionally, the Company used the portfolio approach when applying the discount rate selected based on the dollar amount and term of the obligation. We determined whether an arrangement is a lease, or contains a lease, at inception if we are able to identify an asset and can conclude we have the right to control the identified asset for a period of time. Leases are included in operating lease ROU assets and operating lease liabilities in the accompanying unaudited condensed consolidated balance sheets. Leases with an initial term of 12 months or less are not recorded on the condensed consolidated balance sheet. ROU assets represent our right to control an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at commencement date based on the present value of lease payments over the lease term. As our leases do not provide an implicit rate, we use the incremental borrowing rate based on the information available at commencement date in determining the discount rate used to present value lease payments. We used the incremental borrowing rate on January 1, 2022 for operating leases that commenced on or prior to that date. The incremental borrowing rate used is estimated based on what we would be required to pay for a collateralized loan over a similar term. Our leases typically do not include any residual value guarantees, bargain purchase options, or asset retirement obligations. Our lease terms are only for periods in which we have enforceable rights. A lease is no longer enforceable when both the lessee and the lessor each have the right to terminate the lease without permission from the other party with no more than an insignificant penalty. Our lease terms are impacted by options to extend or terminate the lease when it is reasonably certain that we will exercise that option. We generally use the base, non-cancelable lease term when determining the lease assets and liabilities. Our agreements may contain variable lease payments. We include variable lease payments that depend on an index or a rate and exclude those which depend on facts or circumstances occurring after the commencement date, other than the passage of time.
Revenue Recognition	Revenue Recognition We derive our revenue from the following sources: Transaction revenue—Transaction revenue is primarily generated from our customized legal document services upon fulfillment of these services. Transaction revenue includes filing fees and is net of cancellations, promotional discounts and sales allowances. Subscription revenue—Subscription revenue is generated primarily from subscriptions to our registered agent services, compliance packages, attorney advice, and legal forms services, in addition to software-as-a-service, or SaaS, subscriptions in the U.K. We generally recognize revenue from our subscriptions ratably over the subscription term. Subscription terms generally range from thirty days to one year. Subscription revenue includes the value allocated to bundled free-trials for our subscription services and is net of promotional discounts, cancellations, sales allowances and credit reserves and payments to third-party service providers such as legal plan law firms and tax service providers. Partner revenue—Partner revenue consists primarily of one-time or recurring fees earned from third-party providers from leads generated to such providers through our online legal platform. Revenue is recognized when the related performance-based criteria have been met. We assess whether performance criteria have been met on a cost-per-click or cost-per-action basis.
Recent Accounting Pronouncements, Recently Adopted Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Under the Jumpstart our Business Startups Act, or JOBS Act, we meet the definition of an emerging growth company. We have elected to use the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. As a result, our financial statements may not be comparable to the financial statements of issuers who are required to comply with the effective date for new or revised accounting standards that are applicable to public companies. To the extent that we no longer qualify as an emerging growth company, we will be required to adopt certain accounting pronouncements earlier than the adoption dates disclosed below which are for non-public business entities. Recently Adopted Accounting Pronouncements In February 2016, the FASB issued a new standard related to leases to increase transparency and comparability among organizations by requiring the recognition of ROU assets and lease liabilities on the balance sheet. Most prominent among the changes in the standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. We adopted this guidance effective January 1, 2022. Refer to Note 7 for further details. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) — Facilitation of the Effects of Reference Rate Reform on Financial Reporting, or Topic 848, that provides optional relief to applying reference rate reform to contracts, hedging relationships, and other transactions that reference the LIBOR, which has been discontinued as of the end of 2021. Also, in January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848) — Scope, to clarify that cash flow hedges are eligible for certain optional expedients and exceptions for the application of subsequent assessment methods to assume perfect effectiveness as previously presented in ASU 2020-04. Topic 848 is effective immediately and may be applied through December 31, 2022. We have adopted the provisions of Topic 848 and the adoption did not have a material impact to our unaudited condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit losses: Measurement of Credit Losses on Financial Instruments (Topic 326), or Topic 326, which revises the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in more timely recognition of losses on financial instruments, including, but not limited to, available-for-sale debt securities and accounts receivable. Based upon our current filing status, Topic 326 is effective for our annual reporting period beginning on January 1, 2023. We are currently evaluating the impact of the adoption of Topic 326 on our consolidated financial statements. In August 2020, the FASB issued ASU No. 2020-06, Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity's Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity's Own Equity. This standard eliminates the beneficial conversion and cash conversion accounting models for convertible instruments. It also amends the accounting for certain contracts in an entity’s own equity that are currently accounted for as derivatives because of specific settlement provisions. In addition, the new guidance modifies how particular convertible instruments and certain contracts that may be settled in cash or shares impact the diluted earnings per share computation. Based upon our current filing status, the amendments are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We are currently evaluating the impact of the adoption on our consolidated financial statements. In June 2022, the FASB issued ASU No. 2022-03, Fair Value Measurement—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820), or Topic 820, which clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. Based upon our current filing status, the amendments are effective for fiscal years, beginning after December 15, 2024. We are currently evaluating the impact of the adoption on our consolidated financial statements.

- Definition

Disclosure of accounting policy for revenue from contract with customer.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130561-203045

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130563-203045

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=123372394&loc=d3e18823-107790

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130564-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 20
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130566-203045

+ Details

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Summary of Revenue Recognition

Revenue from our transaction, subscription and partner revenue is as follows (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Transaction		$	66,532	$	73,360	$	130,616	$	134,748
Subscription		91,285		69,384		175,672		134,877
Partner		6,050		7,688		11,788		15,439
Total revenue		$	163,867	$	150,432	$	318,076	$	285,064

Other Financial Statement Information (Tables)

6 Months Ended

Jun. 30, 2022

Other Financial Information [Abstract]

Summary of Changes in the Allowance

Changes in the allowance consisted of the following (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Beginning balance		$	3,633	$	4,709	$	4,060	$	5,256
Add: amounts recognized as a reduction of revenue		2,471		1,445		4,193		3,027
Add: bad debt expense recognized in general and administrative expense		68		16		140		30
Less: write-offs, net of recoveries		(1,664)		(1,056)		(3,885)		(3,199)
Ending balance		$	4,508	$	5,114	$	4,508	$	5,114

Summary of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	June 30, 2022		December 31, 2021
Prepaid expenses	$	9,292	$	10,968
Deferred cost of revenue	2,118		1,819
Capitalized cloud computing development costs	869		867
Other current assets	1,581		2,935
Total prepaid expenses and other current assets	$	13,860	$	16,589

Summary of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	June 30, 2022		December 31, 2021
Accrued payroll and related expenses	$	18,741	$	21,858
Accrued vendor payables	15,003		18,239
Accrued advertising	11,621		426
Sales allowances	4,570		4,862
Accrued sales, use and business taxes	3,380		2,678
Other	2,505		2,754
Total accrued expenses and other current liabilities	$	55,820	$	50,817

Summary of Depreciation and Amortization Expense

Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Cost of revenue		$	2,184	$	1,398	$	4,254	$	3,076
Sales and marketing		1,879		1,323		3,754		2,798
Technology and development		692		584		1,418		1,171
General and administrative		784		358		1,507		784
Total depreciation and amortization expense		$	5,539	$	3,663	$	10,933	$	7,829

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

Future Minimum Payments for Operating Leases

At June 30, 2022, the maturities of our remaining operating lease liabilities were as follows (in thousands, except years and percentages):


	June 30, 2022

2022	$	898
2023	1,763
2024	1,355
2025	814
2026	776
Thereafter	1,304
Total minimum lease payments	$	6,910
Less: Effects of discounting	526
Present value of lease liabilities under ASC 842	6,384
Less: current portion	1,542
Long-term lease liabilities	$	4,842
Weighted-average remaining lease term	4.8 years
Weighted-average incremental borrowing rate	3.25		%


	Operating Leases

2022	$	134
2023	807
2024	832
2025	857
2026	882
Thereafter	2,644
Total minimum lease payments	$	6,156
Less: Effects of discounting	707
Present value of lease liabilities under ASC 842	$	5,449

Lease, Cost

The component of our lease costs included in our unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2022, were as follows (in thousands):


	Three Months Ended June 30, 2022		Six Months Ended June 30, 2022
Lease cost
Operating lease cost	$	524	$	939
Other variable cost	61		177
Net lease cost	$	585	$	1,116

Schedule of Future Minimum Rental Payments for Operating Leases

Total future aggregate minimum lease payments calculated under ASC 840 as of December 31, 2021 were as follows (in thousands):


	Operating Leases

2022	$	2,372
2023	1,101
2024	867
2025	550
2026	505
Thereafter	1,033
Total minimum lease payments under ASC 840	$	6,428

Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation Cost

We recorded stock-based compensation expense in the following categories in the accompanying unaudited condensed consolidated statements of operations and balance sheets (in thousands):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Cost of revenue		$	1,331	$	762	$	1,608	$	821
Sales and marketing		3,536		5,143		6,661		5,350
Technology and development		4,148		17,619		8,446		18,145
General and administrative		13,832		21,430		27,997		24,580
Total stock-based compensation expense		22,847		44,954		44,712		48,896
Amount capitalized to internal-use software		749		13		1,230		26
Total stock-based compensation expense		$	23,596	$	44,967	$	45,942	$	48,922

Schedule of Stock Options Activity

Stock option activity for the six months ended June 30, 2022 is as follows (in thousands, except weighted-average exercise price and remaining contract life):


	Number of Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2021	15,274	$	10.47	8.0	$	97,094
Granted	2,766	14.15
Exercised	(258)	1.11
Cancelled/forfeited	(10)	1.16
Outstanding at June 30, 2022	17,772	$	11.15	7.9	$	21,781
Vested and expected to vest at June 30, 2022	17,764	$	11.19	7.9	$	21,757
Exercisable at June 30, 2022	8,516	$	9.21	7.3	$	15,200

Schedule of Fair Value Assumptions and Techniques for Stock Options

The weighted-average assumptions that were used to calculate the grant-date fair value of our stock option grants using the Black-Scholes option pricing model were as follows:


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Expected life (years)		—		5.4		5.6		5.4
Risk-free interest rate		—	%	1.0	%	2.6	%	1.0	%
Expected volatility		—	%	45.6	%	47.6	%	45.6	%
Expected dividend yield		—		—	%	—		—	%

Summary of Restricted Stock Unit Activity

Restricted Stock Units

Restricted stock unit, or RSU, activity for the six months ended June 30, 2022 is as follows (in thousands, except weighted-average grant-date fair value):


	Number of Units	Weighted- Average Grant- Date Fair Value
Unvested at December 31, 2021	3,577	$	21.52
Granted	5,310	13.96
Cancelled/forfeited	(432)	14.83
Vested	(663)	20.01
Unvested at June 30, 2022	7,792	$	16.94

Net Loss Per Share Attributable to Common Stockholders (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the computation of basic and diluted net loss per share attributable to common stockholders (in thousands, except per share amounts):


	Three Months Ended June 30,					Six Months Ended June 30,
		2022		2021		2022		2021
Numerator:
Net loss		$	(13,179)	$	(38,395)	$	(43,788)	$	(48,218)
Net loss attributable to common stockholders—basic and diluted		(13,179)		(38,395)		(43,788)		(48,218)
Denominator:
Weighted-average common stock used in computing net loss per share attributable to common stockholders—basic and diluted		197,819		125,423		198,040		125,245
Net loss per share attributable to common stockholders—basic and diluted		$	(0.07)	$	(0.31)	$	(0.22)	$	(0.38)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share


	Six Months Ended June 30,
	2022	2021
Options to purchase common stock	17,772	15,666
RSUs	7,792	3,795
Employee stock purchase plan	83	—
Restricted stock	—	50
Total	25,647	19,511

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):


	As of June 30, 2022
	Level 1		Level 2		Level 3
Available-for-sale debt securities	$	—	$	—	$	1,182
Money market fund	80,276		—		—
Total assets	$	80,276	$	—	$	1,182


	As of December 31, 2021
	Level 1		Level 2		Level 3
Available-for-sale debt securities	$	—	$	—	$	1,122
Money market fund	30,215		—		—
Total assets	$	30,215	$	—	$	1,122
Contingent consideration	—		—		750
Total liabilities	$	—	$	—	$	750

Accumulated Other Comprehensive (Loss) Income (Tables)

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income (Loss)

Changes in accumulated other comprehensive (loss) income consisted of the following:


	As of June 30, 2022
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance at December 31, 2021	$	(2,078)	$	—	$	(2,078)
Change during period	1,402		—		1,402
Ending balance at March 31, 2022	(676)		—		(676)
Change during period	2,209		—		2,209
Ending balance at June 30, 2022	$	1,533	$	—	$	1,533
Available-for-sale debt securities:
Beginning balance at December 31, 2021	$	331	$	(48)	$	283
Unrealized gains	51		(13)		38
Ending balance at March 31 and June 30, 2022	$	382	$	(61)	$	321
Accumulated other comprehensive (loss) income:
Beginning balance at December 31, 2021	$	(1,747)	$	(48)	$	(1,795)
Other comprehensive income	1,453		(13)		1,440
Ending balance at March 31, 2022	(294)		(61)		(355)
Other comprehensive income	2209		—		2,209
Ending balance at June 30, 2022	$	1,915	$	(61)	$	1,854


	As of June 30, 2021
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance at December 31, 2020	$	(3,014)	$	—	$	(3,014)
Change during period	(147)		—		(147)
Ending balance at March 31, 2021	(3,161)		—		(3,161)
Change during period	(204)		—		(204)
Ending balance at June 30, 2021	$	(3,365)	—		(3,365)
Available-for-sale debt securities:
Beginning balance at December 31, 2020	$	281	$	(36)	$	245
Unrealized gains	17		(4)		13
Ending balance at March 31, 2021	298		(40)		258
Unrealized loss	(56)		15		(41)
Ending balance at June 30, 2021	$	242	$	(25)	$	217
Cash flow hedges:
Beginning balance at December 31, 2020	$	(14,708)	$	3,650	$	(11,058)
Unrealized gain on interest rate swaps and cap	2,772		(691)		2,081
Reclassification of losses from interest rate cap to net loss	28		(8)		20
Reclassification of prior hedge effectiveness to net loss	1,328		(331)		997
Ending balance at March 31, 2021	(10,580)		2,620		(7,960)
Unrealized gain on interest rate swaps	360		(90)		270
Reclassification of prior hedge effectiveness to net loss	1,748		(450)		1,298
Ending balance at June 30, 2021	$	(8,472)	$	2,080	$	(6,392)
Accumulated other comprehensive loss:
Beginning balance at December 31, 2020	$	(17,441)	$	3,614	$	(13,827)
Other comprehensive income	3,998		(1,034)		2,964
Ending balance at March 31, 2021	(13,443)		2,580		(10,863)
Other comprehensive income	1,848		(525)		1,323
Ending balance at June 30, 2021	$	(11,595)	$	2,055	$	(9,540)

Description of the Business (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	Jul. 02, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Subsidiary, Sale of Stock [Line Items]
Common stock par value (in dollars per share)	$ 0.001	$ 0.001		$ 0.001
Net proceeds	$ 666,900
Payment of initial public offering costs	$ 5,600	$ 0	$ 2,794
Repayment of term loan		$ 0	$ 2,675
Common stock shares authorized (in shares)	1,000,000,000	1,000,000,000		1,000,000,000
Preferred stock shares authorized (in shares)	100,000,000	100,000,000		100,000,000
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001		$ 0.001
2018 Term Loan
Subsidiary, Sale of Stock [Line Items]
Repayment of term loan	$ 521,600
Series A Redeemable Convertible Preferred Stock
Subsidiary, Sale of Stock [Line Items]
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering (in shares)	23,081,080
Converted stock value	$ 70,900
Common Stock
Subsidiary, Sale of Stock [Line Items]
Conversion of redeemable convertible preferred stock to common stock in connection with initial public offering (in shares)	46,162,160
IPO
Subsidiary, Sale of Stock [Line Items]
Shares issued (in shares)	19,121,000
Common stock par value (in dollars per share)	$ 0.001
Price per share (in dollars per share)	$ 28.00
Net proceeds	$ 505,900
Underwriters Option
Subsidiary, Sale of Stock [Line Items]
Shares issued (in shares)	2,868,150
Net proceeds	$ 75,900
Private Placement
Subsidiary, Sale of Stock [Line Items]
Shares issued (in shares)	3,214,285
Net proceeds	$ 85,000

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) segment	Jun. 30, 2021 USD ($)	Jan. 01, 2022 USD ($)	Dec. 31, 2021
Accounting Policies [Line Items]
Number of operating segments \| segment			1
Foreign currency transaction gains (losses)	$ (2,000)	$ 300	$ (3,405)	$ 401
Operating lease right-of-use assets	6,961		6,961		$ 5,700
Operating lease liabilities	$ 6,384		$ 6,384		$ 5,900
Outside United States \| Revenue Benchmark \| Geographic Concentration Risk
Accounting Policies [Line Items]
Concentration risk percentage	1.00%	1.00%	1.00%	1.00%
Outside United States \| Property, Plant and Equipment \| Geographic Concentration Risk
Accounting Policies [Line Items]
Property plant and equipment percent	1.00%		1.00%			1.00%

Summary of Significant Accounting Policies - Summary of Revenue Recognition (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disaggregation of Revenue [Line Items]
Total revenue	$ 163,867	$ 150,432	$ 318,076	$ 285,064
Transaction
Disaggregation of Revenue [Line Items]
Total revenue	66,532	73,360	130,616	134,748
Subscription
Disaggregation of Revenue [Line Items]
Total revenue	91,285	69,384	175,672	134,877
Partner
Disaggregation of Revenue [Line Items]
Total revenue	$ 6,050	$ 7,688	$ 11,788	$ 15,439

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Other Financial Statement Information - Summary of Changes in the Allowance (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 3,633	$ 4,709	$ 4,060	$ 5,256
Add: amounts recognized as a reduction of revenue	2,471	1,445	4,193	3,027
Add: bad debt expense recognized in general and administrative expense	68	16	140	30
Less: write-offs, net of recoveries	(1,664)	(1,056)	(3,885)	(3,199)
Ending balance	$ 4,508	$ 5,114	$ 4,508	$ 5,114

Other Financial Statement Information - Summary of Prepaid Expenses and Other Current Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Financial Information [Abstract]
Prepaid expenses	$ 9,292	$ 10,968
Deferred cost of revenue	2,118	1,819
Capitalized cloud computing development costs	869	867
Other current assets	1,581	2,935
Total prepaid expenses and other current assets	$ 13,860	$ 16,589

Other Financial Statement Information - Summary of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Financial Information [Abstract]
Accrued payroll and related expenses	$ 18,741	$ 21,858
Accrued vendor payables	15,003	18,239
Accrued advertising	11,621	426
Sales allowances	4,570	4,862
Accrued sales, use and business taxes	3,380	2,678
Other	2,505	2,754
Total accrued expenses and other current liabilities	$ 55,820	$ 50,817

Other Financial Statement Information - Summary of Depreciation and Amortization Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	$ 5,539	$ 3,663	$ 10,933	$ 7,829
Cost of revenue
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	2,184	1,398	4,254	3,076
Sales and marketing
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	1,879	1,323	3,754	2,798
Technology and development
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	692	584	1,418	1,171
General and administrative
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	$ 784	$ 358	$ 1,507	$ 784

Other Financial Statement Information - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Other Financial Information [Abstract]
Contract with customer liability	$ 164.3		$ 164.3		$ 147.9
Contract with customer liability revenue recognized	$ 93.3	$ 77.5	$ 123.9	$ 102.3

Acquisitions - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended
	Nov. 30, 2021	Jun. 30, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Goodwill		$ 59,933	$ 59,910
ECM
Business Acquisition [Line Items]
Cash paid on acquisition date	$ 61,200
Consideration adjustment	300
Goodwill	48,600
ECM \| Customer Relationships
Business Acquisition [Line Items]
Intangible assets acquired	10,600
ECM \| Developed Technology Rights
Business Acquisition [Line Items]
Intangible assets acquired	5,400
ECM \| Trade Names
Business Acquisition [Line Items]
Intangible assets acquired	$ 200

Long-term Debt - Additional Information (Detail)		6 Months Ended
Long-term Debt - Additional Information (Detail)	Jul. 02, 2021 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Letters of credit outstanding		$ 0	$ 0
2021 Revolving Facility
Debt Instrument [Line Items]
Total net first lien leverage ratio		4.50
Percent of total commitments not reimbursed		35.00%
Line of credit outstanding		$ 0	$ 0
2021 Revolving Facility \| Federal Funds Effective Rate
Debt Instrument [Line Items]
Effective interest rate	0.50%
Revolving Credit Facility \| 2021 Revolving Facility
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 150,000,000
Debt issuance costs	$ 800,000
One month LIBOR floor	1.00%
Rate added to one month LIBOR	1.00%
LIBOR floor	0.00%
Rate added to LIBOR	2.00%
Basis spread on variable rate, initial reduction	0.25%
Basis spread on variable rate, further reduction	0.25%
Total net first lien leverage ratio, first reduction requirement	3.50
Total net first lien leverage ratio, second reduction requirement	2.50
Commitment fee	0.35%
Commitment fee reduction	0.10%
Total net first lien leverage ratio, maximum	3.50
Letter of Credit
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 20,000,000
Swingline Loan
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 10,000,000

Derivative Financial Instruments - Additional Information (Detail) $ in Millions	Jun. 30, 2021 USD ($)
Interest rate swap \| Designated as Hedging Instrument
Derivative [Line Items]
Derivative liabilities notional amount	$ 395.0
Financial guarantee
Derivative [Line Items]
Restricted cash equivalent balance	$ 25.0

Commitments and Contingencies - Future Minimum Payments for Operating Leases, 842 (Detail) - USD ($) $ in Thousands	Jul. 01, 2022	Jun. 30, 2022	Jan. 01, 2022
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022		$ 898
2023		1,763
2024		1,355
2025		814
2026		776
Thereafter		1,304
Total minimum lease payments		6,910
Less: Effects of discounting		526
Present value of lease liabilities under ASC 842		6,384	$ 5,900
Less: current portion		1,542
Operating lease liabilities, non-current		$ 4,842
Weighted-average remaining lease term		4 years 9 months 18 days
Weighted-average incremental borrowing rate		3.25%
Subsequent Event
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2022	$ 134
2023	807
2024	832
2025	857
2026	882
Thereafter	2,644
Total minimum lease payments	6,156
Less: Effects of discounting	707
Present value of lease liabilities under ASC 842	$ 5,449

Commitments and Contingencies - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022
Lease cost
Operating lease cost	$ 524	$ 939
Other variable cost	61	177
Net lease cost	$ 585	$ 1,116

Commitments and Contingencies - Future Minimum Payments for Operating Leases, 840 (Details) $ in Thousands	Dec. 31, 2021 USD ($)
Operating Leases
2022	$ 2,372
2023	1,101
2024	867
2025	550
2026	505
Thereafter	1,033
Total minimum lease payments under ASC 840	$ 6,428

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2022	Jul. 31, 2021	Apr. 20, 2020
Overpayments by Overreporting
Other Commitments [Line Items]
Excess payment received from the service partner			$ 5.6
Initial Penalty
Other Commitments [Line Items]
Initial penalty		$ 4.1
Non-cancellable Agreements With Vendors \| Advertising Media and Other Commitments
Other Commitments [Line Items]
Minimum non-cancellable commitment	$ 17.1
Non-cancellable commitment pay period	2 years
Contractual obligation	$ 55.4
Contractual obligation pay period	5 years
Contractual obligation remainder to be paid	$ 42.2

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 11, 2022	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2022	Mar. 01, 2022
Equity, Class of Treasury Stock [Line Items]
Shares authorized for repurchase					150,000,000
Shares repurchased (in shares)				3,039,443
Average price per share (in dollars per share)				$ 12.88
Shares repurchased, value		$ 38,053	$ 1,102	$ 39,200
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)	1,537,158
Shares repurchased, value	$ 15,100

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Realized tax benefit			$ 600	$ 3,200	$ 2,500	$ 5,500
Stock-based compensation expense total unrecognized			50,800		$ 50,800
Stock-based compensation weighted-average year					2 years 6 months
Granted (in shares)					2,766,000
Allocated share based compensation expenses			23,596	$ 44,967	$ 45,942	$ 48,922
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	4 years				4 years
Employee Stock Option \| Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense total unrecognized			$ 5,300		$ 5,300
Stock-based compensation weighted-average year			3 years 1 month 6 days
Granted (in shares)	970,970
Allocated share based compensation expenses			$ 1,500		$ 2,900
Employee Stock Option \| Executive Officer \| Time Based Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares that were modified for vesting conditions, outstanding (in shares)			1,706,888		1,706,888
Employee Stock Option \| Employees \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage that was modified	25.00%			25.00%		25.00%
Employee Stock Option \| Executive Officers And Employees \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares that were modified for vesting conditions (in shares)	4,477,218			4,477,218		4,477,218
Employee Stock Option \| Executive Officers And Employees \| Performance Shares \| Service Based Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New fair value	$ 76,600
Employee Stock Option \| Executive Officers And Employees \| Modified Vesting Conditions \| Performance Shares \| Service Based Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation expenses			$ 5,600		$ 12,700
Employee Stock Option \| One Executive Officer \| 2019 Performance Obligaitons
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares that were modified for vesting conditions (in shares)			3,627,936		3,627,936
New fair value					$ 11,400
Employee Stock Option \| One Executive Officer \| 2019 Performance Obligaitons \| Service Based Vesting
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation expenses			$ 1,400		$ 3,200
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation weighted-average year					3 years 3 months 18 days
Remaining stock-based compensation expense			101,800		$ 101,800
Granted (in shares)					5,310,000
Vesting period							4 years
RSUs \| Liquidity Event Restricted Stock Units \| Time Based Liquidity Event Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation expenses			$ 4,100		$ 10,500
RSUs \| Executive Officer \| Service Based Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation weighted-average year			3 years 1 month 6 days
Allocated share based compensation expenses			$ 1,400		2,800
Remaining stock-based compensation expense			5,100		$ 5,100
Granted (in shares)	388,389
Units granted, fair value	$ 10,900
RSUs \| Executive Officer \| Liquidity Event Restricted Stock Units \| Time Based Liquidity Event Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Modified vesting conditions of shares outstanding (in shares)					1,725,942
New fair value of units due to remeasurement					$ 43,300
Accelerated compensation expense recognized			$ 3,500		$ 8,100
RSUs \| Employees \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		30,434
Percentage of assets sold or transferred for equity instruments other than options to vest		50.00%
RSUs \| Employees \| Liquidity Event Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)							1,338,028
Retainage period							6 years 6 months
RSUs \| Employees \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares that were modified for vesting conditions, outstanding (in shares)			111,902		111,902
Vesting percentage that was modified, RSUs					25.00%
RSUs \| Employees \| Performance Shares \| Service Vesting Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
New fair value					$ 2,900
RSUs \| Employees \| Modified Vesting Conditions \| Performance Shares \| Service Vesting Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated share based compensation expenses			$ 100		$ 300
RSUs \| Maximum \| Employees \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		100.00%
Par value (in dollars per share)		$ 29.46
RSUs \| Minimum \| Employees \| Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		0.00%
Par value (in dollars per share)		$ 19.64

Stock-based Compensation - Schedule of Stock Based Compensation Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Schedule Of Share Based Compensation Employee Stock Purchase Plan Activity [Line Items]
Total stock-based compensation expense	$ 23,596	$ 44,967	$ 45,942	$ 48,922
Cost of revenue
Schedule Of Share Based Compensation Employee Stock Purchase Plan Activity [Line Items]
Total stock-based compensation expense	1,331	762	1,608	821
Sales and marketing
Schedule Of Share Based Compensation Employee Stock Purchase Plan Activity [Line Items]
Total stock-based compensation expense	3,536	5,143	6,661	5,350
Technology and development
Schedule Of Share Based Compensation Employee Stock Purchase Plan Activity [Line Items]
Total stock-based compensation expense	4,148	17,619	8,446	18,145
General and administrative
Schedule Of Share Based Compensation Employee Stock Purchase Plan Activity [Line Items]
Total stock-based compensation expense	13,832	21,430	27,997	24,580
Total stock-based compensation expense
Schedule Of Share Based Compensation Employee Stock Purchase Plan Activity [Line Items]
Total stock-based compensation expense	22,847	44,954	44,712	48,896
Amount capitalized to internal-use software
Schedule Of Share Based Compensation Employee Stock Purchase Plan Activity [Line Items]
Total stock-based compensation expense	$ 749	$ 13	$ 1,230	$ 26

Stock-based Compensation - Schedule of Stock Options Activity (Detail) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Number of Options
Beginning Balance (in shares) \| shares	15,274
Granted (in shares) \| shares	2,766
Exercised (in shares) \| shares	(258)
Cancelled/forfeited (in shares) \| shares	(10)
Ending Balance (in shares) \| shares	17,772	15,274
Vested and expected to vest at end of period (in shares) \| shares	17,764
Exercisable at end of period (in shares) \| shares	8,516
Weighted- Average Exercise Price
Beginning Balance (in dollars per share) \| $ / shares	$ 10.47
Granted (in dollars per share) \| $ / shares	14.15
Exercised (in dollars per share) \| $ / shares	1.11
Cancelled/forfeited (in dollars per share) \| $ / shares	1.16
Ending Balance (in dollars per share) \| $ / shares	11.15	$ 10.47
Vested and expected to vest at end of period (in dollars per share) \| $ / shares	11.19
Exercisable at end of period (in dollars per share) \| $ / shares	$ 9.21
Weighted- Average Remaining Contractual Life (in Years)	7 years 10 months 24 days	8 years
Vested and expected to vest at end of period, term	7 years 10 months 24 days
Exercisable at end of period, term	7 years 3 months 18 days
Aggregate Intrinsic Value \| $	$ 21,781	$ 97,094
Vested and expected to vest at end of period \| $	21,757
Exercisable at ending period \| $	$ 15,200

Stock-based Compensation - Schedule of Fair Value Assumptions and Techniques for Stock Options (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Payment Arrangement [Abstract]
Expected life (years)		5 years 4 months 24 days	5 years 7 months 6 days	5 years 4 months 24 days
Risk-free interest rate	0.00%	1.00%	2.60%	1.00%
Expected volatility	0.00%	45.60%	47.60%	45.60%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%

Stock-based Compensation - Summary of Restricted Stock Unit Activity (Detail) - RSUs	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Number of Units
Unvested at beginning of period (in shares) \| shares	3,577,000
Granted (in shares) \| shares	5,310,000
Cancelled/forfeited (in shares) \| shares	(432,000)
Vested (in shares) \| shares	(663,000)
Unvested at ending of period (in shares) \| shares	7,792,000
Weighted- Average Grant- Date Fair Value
Unvested at beginning of period (in dollars per share) \| $ / shares	$ 21.52
Granted (in dollars per share) \| $ / shares	13.96
Cancelled/forfeited (in dollars per share) \| $ / shares	14.83
Vested (in dollars per share) \| $ / shares	20.01
Unvested at ending of period (in dollars per share) \| $ / shares	$ 16.94

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Provision (benefit) for income taxes	$ (451)	$ 1,995	$ 2,509	$ (941)
Effective tax rate	3.30%	(5.50%)	(6.10%)	1.90%
Gross unrecognized tax benefits	$ 8,200		$ 8,200		$ 7,900
Unrecognized tax benefits that would impact effective tax rate	$ 8,200		$ 8,200

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Net Loss Per Share Attributable to Common Stockholders - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator:
Net loss	$ (13,179)	$ (30,609)	$ (38,395)	$ (9,823)	$ (43,788)	$ (48,218)
Net loss attributable to common stockholders - basic	(13,179)		(38,395)		(43,788)	(48,218)
Net loss attributable to common stockholders - diluted	$ (13,179)		$ (38,395)		$ (43,788)	$ (48,218)
Denominator:
Weighted-average common stock used in computing net loss per share attributable to common stockholders—basic (in shares)	197,819		125,423		198,040	125,245
Weighted-average shares used to compute net loss per share attributable to common stockholders—diluted (in shares)	197,819		125,423		198,040	125,245
Net loss per attributable to common stockholders - basic (in dollars per share)	$ (0.07)		$ (0.31)		$ (0.22)	$ (0.38)
Net loss per attributable to common stockholders - diluted (in dollars per share)	$ (0.07)		$ (0.31)		$ (0.22)	$ (0.38)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (e)(4)
-URI http://asc.fasb.org/extlink&oid=123482062&loc=SL123482106-238011

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

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-Name Accounting Standards Codification
-Topic 260
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-Section 45
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 260
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-Name Accounting Standards Codification
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Net Loss Per Share Attributable to Common Stockholders - Antidilutive Securities (Details) - shares shares in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	25,647	19,511
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	17,772	15,666
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	7,792	3,795
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	83	0
Restricted stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	0	50

Fair Value Measurements - Assets and Liabilities at Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 80,276	$ 30,215
Total liabilities		0
Level 1 \| Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		0
Level 1 \| Available-for-sale debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 1 \| Money market fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	80,276	30,215
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Total liabilities		0
Level 2 \| Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		0
Level 2 \| Available-for-sale debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 2 \| Money market fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	1,182	1,122
Total liabilities		750
Level 3 \| Contingent consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities		750
Level 3 \| Available-for-sale debt securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	1,182	1,122
Level 3 \| Money market fund
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total assets	$ 0	$ 0

Accumulated Other Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrealized gain (loss) on interest rate swaps and cap, Net of Tax Amount	$ 0		$ 270		$ 0	$ 2,351
Beginning Balance Accumulated other comprehensive loss, Net of Tax Amount		$ (1,795)			(1,795)
Other comprehensive income (loss), Net of Tax Amount	2,209	1,440	1,323	$ 2,964	3,649	4,287
Ending Balance Accumulated other comprehensive loss, Net of Tax Amount	1,854				1,854
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance Before Tax Amount	(676)	(2,078)	(3,161)	(3,014)	(2,078)	(3,014)
Change during period, Before Tax Amount	2,209	1,402	(204)	(147)
Ending Balance Before Tax Amount	1,533	(676)	(3,365)	(3,161)	1,533	(3,365)
Beginning Balance Net of Tax Amount	(676)	(2,078)	(3,161)	(3,014)	(2,078)	(3,014)
Change during period, Net of Tax Amount	2,209	1,402	(204)	(147)
Ending Balance Net of Tax Amount	1,533	(676)	(3,365)	(3,161)	1,533	(3,365)
Available-for-sale debt securities
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance Before Tax Amount	382	331	298	281	331	281
Unrealized gain (loss) Before Tax Amount		51	(56)	17	51
Ending Balance Before Tax Amount	382	382	242	298	382	242
Beginning Balance Tax Effect	(61)	(48)	(40)	(36)	(48)	(36)
Unrealized gain (loss), Tax Effect		(13)	(15)	(4)	(13)
Ending Balance Tax Effect	(61)	(61)	(25)	(40)	(61)	(25)
Beginning Balance Available-for-sale debt securities, Net of Tax Amount	321	283	258	245	283	245
Unrealized gain (loss), Net of Tax Amount		38	(41)	13	38
Ending Balance Available-for-sale debt securities, Net of Tax Amount	321	321	217	258	321	217
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance Before Tax Amount			(10,580)	(14,708)		(14,708)
Unrealized gain (loss) on interest rate swaps and cap, Before Tax Amount			360	2,772
Reclassification of losses from interest rate cap to net income (loss), Before Tax Amount				28
Reclassification of prior hedge effectiveness to net income (loss), Before Tax Amount			1,748	1,328
Ending Balance Before Tax Amount			(8,472)	(10,580)		(8,472)
Beginning Balance Tax Effect			2,620	3,650		3,650
Unrealized gain (loss) on interest rate swaps and cap, tax effect, Tax Effect			(90)	(691)
Reclassification of losses from interest rate cap to net income (loss), Tax Effect				(8)
Reclassification of prior hedge effectiveness to net income (loss), Tax Effect			(450)	(331)
Ending Balance Tax Effect			2,080	2,620		2,080
Beginning Balance Cash flow hedges, Net of Tax Amount			(7,960)	(11,058)		(11,058)
Unrealized gain (loss) on interest rate swaps and cap, Net of Tax Amount			270	2,081
Reclassification of losses from interest rate cap to net income (loss), Net of Tax Amount				20
Reclassification of prior hedge effectiveness to net income (loss), Net of Tax Amount			1,298	997
Ending Balance Cash flow hedges, Net of Tax Amount			(6,392)	(7,960)		(6,392)
Accumulated other comprehensive loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance Before Tax Amount	(294)	(1,747)	(13,443)	(17,441)	(1,747)	(17,441)
Other comprehensive income (loss), Before Tax Amount	2,209	1,453	1,848	3,998
Ending Balance Before Tax Amount	1,915	(294)	(11,595)	(13,443)	1,915	(11,595)
Beginning Balance Tax Effect	(61)	(48)	2,580	3,614	(48)	3,614
Other comprehensive income (loss), Tax Effect	0	(13)	(525)	(1,034)
Ending Balance Tax Effect	(61)	(61)	2,055	2,580	(61)	2,055
Beginning Balance Accumulated other comprehensive loss, Net of Tax Amount	(355)	(1,795)	(10,863)	(13,827)	(1,795)	(13,827)
Other comprehensive income (loss), Net of Tax Amount	2,209	1,440	1,323	2,964
Ending Balance Accumulated other comprehensive loss, Net of Tax Amount	$ 1,854	$ (355)	$ (9,540)	$ (10,863)	$ 1,854	$ (9,540)

Subsequent Events (Details) $ in Millions	Aug. 11, 2022 USD ($)
Subsequent Event
Subsequent Event [Line Items]
Total purchase price	$ 4.1