Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Defined Contribution Plan

v3.22.4
Defined Contribution Plan
 12 Months Ended
Dec. 31, 2022
Retirement Benefits [Abstract]  
Defined Contribution Plan Defined Contribution PlanThe Company maintains a defined-contribution 401(k) retirement plan covering substantially all U.S. based employees (as defined). The Company’s employees may make voluntary contributions to the plan, subject to limitations based on IRS regulations and compensation. The Company matches 100.0% of every dollar contributed up to 3.0% of the respective employee’s compensation and an additional 50.0% of every dollar contributed on the next 2% of compensation (4.0% maximum Company match). Matching contributions were approximately $7.1 million, $6.1 million and $4.9 million during the years ended December 31, 2022, 2021 and 2020, respectively, and are recorded in cost of revenue and operating expenses in the Consolidated Statements of Operations.