SPS Commerce (SPSC) 10-Q 27 Jul 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2022	Jul. 20, 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	001-34702
Entity Registrant Name	SPS COMMERCE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	41-2015127
Entity Address, Address Line One	333 South Seventh Street
Entity Address, Address Line Two	Suite 1000
Entity Address, City or Town	Minneapolis
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55402
City Area Code	612
Local Phone Number	435-9400
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	SPSC
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		36,015,159
Entity Central Index Key	0001092699
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 212,725,000	$ 207,552,000
Short-term investments	46,513,000	49,758,000
Accounts receivable	44,559,000	38,811,000
Allowance for credit losses	(4,454,000)	(4,249,000)
Accounts receivable, net	40,105,000	34,562,000
Deferred costs	48,294,000	44,529,000
Other assets	17,912,000	16,042,000
Total current assets	365,549,000	352,443,000
Property and equipment, net	32,000,000	31,901,000
Operating lease right-of-use assets	9,578,000	10,851,000
Goodwill	142,960,000	143,663,000
Intangible assets, net	53,597,000	58,587,000
Other assets
Deferred costs, non-current	16,371,000	15,191,000
Deferred income tax assets	191,000	182,000
Other assets, non-current	2,530,000	3,028,000
Total assets	622,776,000	615,846,000
Current liabilities
Accounts payable	4,442,000	8,330,000
Accrued compensation	25,855,000	31,661,000
Accrued expenses	7,508,000	8,345,000
Deferred revenue	59,093,000	50,428,000
Operating lease liabilities	4,341,000	4,108,000
Total current liabilities	101,239,000	102,872,000
Other liabilities
Deferred revenue, non-current	5,281,000	5,144,000
Operating lease liabilities, non-current	14,239,000	16,426,000
Deferred income tax liabilities	4,997,000	7,145,000
Total liabilities	125,756,000	131,587,000
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.001 par value; 5,000,000 shares authorized; 0 shares issued and outstanding	0	0
Common stock, $0.001 par value; 110,000,000 shares authorized; 38,074,026 and 37,798,610 shares issued; and 36,029,477 and 36,009,257 shares outstanding, respectively	38,000	38,000
Treasury Stock, at cost; 2,044,549 and 1,789,353 shares, respectively	(115,900,000)	(85,677,000)
Additional paid-in capital	453,922,000	433,258,000
Retained earnings	161,443,000	138,087,000
Accumulated other comprehensive loss	(2,483,000)	(1,447,000)
Total stockholders’ equity	497,020,000	484,259,000
Total liabilities and stockholders’ equity	$ 622,776,000	$ 615,846,000

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	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)	5,000,000	5,000,000
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)	110,000,000	110,000,000
Common stock, shares issued (in shares)	38,074,026	37,798,610
Common stock, shares outstanding (in shares)	36,029,477	36,009,257
Treasury stock, shares (in shares)	2,044,549	1,789,353
Cash and cash equivalents	$ 212,725	$ 207,552

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - 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]
Revenues	$ 109,178	$ 94,539	$ 214,371	$ 184,633
Cost of revenues	37,530	31,730	72,919	61,700
Gross profit	71,648	62,809	141,452	122,933
Operating expenses
Sales and marketing	24,582	21,952	49,237	43,307
Research and development	11,432	8,899	22,133	17,605
General and administrative	17,198	15,758	32,666	30,495
Amortization of intangible assets	2,468	2,671	4,938	5,335
Total operating expenses	55,680	49,280	108,974	96,742
Income from operations	15,968	13,529	32,478	26,191
Other expense, net	(1,338)	(383)	(915)	(708)
Income before income taxes	14,630	13,146	31,563	25,483
Income tax expense	3,877	2,963	8,207	5,100
Net income	10,753	10,183	23,356	20,383
Other comprehensive income (expense)
Foreign currency translation adjustments	(1,743)	172	(1,013)	364
Unrealized loss on investments, net of tax of ($3), ($12), ($4) and $(27), respectively	(8)	(35)	(11)	(80)
Reclassification of (gain) loss on investments into earnings, net of tax of $(8), $11, $(4) and $30, respectively	(23)	33	(12)	90
Total other comprehensive income (expense)	(1,774)	170	(1,036)	374
Comprehensive income	$ 8,979	$ 10,353	$ 22,320	$ 20,757
Net income per share
Basic (in dollars per share)	$ 0.30	$ 0.28	$ 0.65	$ 0.57
Diluted (in dollars per share)	$ 0.29	$ 0.28	$ 0.63	$ 0.55
Weighted average common shares used to compute net income per share
Basic (in shares)	36,085	35,903	36,110	35,828
Diluted (in shares)	36,862	36,753	36,897	36,741

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Unrealized gain (loss) on investments, tax	$ (3)	$ (12)	$ (4)	$ (27)
Reclassification of (gain) loss on investments into earnings, tax	$ (8)	$ 11	$ (4)	$ 30

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Dec. 31, 2020		35,487,217	1,613,250
Beginning balance at Dec. 31, 2020	$ 420,721	$ 37	$ (65,247)	$ 393,462	$ 93,490	$ (1,021)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	13,505			13,505
Shares issued pursuant to stock awards (in shares)		409,502
Shares issued pursuant to stock awards	4,030	$ 1		4,029
Employee stock purchase plan (in shares)		26,149
Employee stock purchase plan activity	$ 2,186			2,186
Number of shares repurchased (in shares)	63,515	63,515	63,515
Repurchases of common stock	$ (6,450)		$ (6,450)
Net income	20,383				20,383
Foreign currency translation adjustments	364					364
Unrealized loss on investments, net of tax	(80)					(80)
Reclassification of loss on investments into earnings, net of tax	90					90
Ending balance (in shares) at Jun. 30, 2021		35,859,353	1,676,765
Ending balance at Jun. 30, 2021	454,749	$ 38	$ (71,697)	413,182	113,873	(647)
Beginning balance (in shares) at Mar. 31, 2021		35,861,584	1,613,250
Beginning balance at Mar. 31, 2021	440,523	$ 37	$ (65,247)	402,860	103,690	(817)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	7,014			7,014
Shares issued pursuant to stock awards (in shares)		36,756
Shares issued pursuant to stock awards	1,228	$ 1		1,227
Employee stock purchase plan (in shares)		24,528
Employee stock purchase plan activity	$ 2,081			2,081
Number of shares repurchased (in shares)	63,515	63,515	63,515
Repurchases of common stock	$ (6,450)		$ (6,450)
Net income	10,183				10,183
Foreign currency translation adjustments	172					172
Unrealized loss on investments, net of tax	(35)					(35)
Reclassification of loss on investments into earnings, net of tax	33					33
Ending balance (in shares) at Jun. 30, 2021		35,859,353	1,676,765
Ending balance at Jun. 30, 2021	454,749	$ 38	$ (71,697)	413,182	113,873	(647)
Beginning balance (in shares) at Dec. 31, 2021		36,009,257	1,789,353
Beginning balance at Dec. 31, 2021	484,259	$ 38	$ (85,677)	433,258	138,087	(1,447)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	16,624			16,624
Shares issued pursuant to stock awards (in shares)		240,381
Shares issued pursuant to stock awards	690	$ 0		690
Employee stock purchase plan (in shares)		35,035
Employee stock purchase plan activity	$ 3,350			3,350
Number of shares repurchased (in shares)	255,196	255,196	255,196
Repurchases of common stock	$ (30,223)		$ (30,223)
Net income	23,356				23,356
Foreign currency translation adjustments	(1,013)					(1,013)
Unrealized loss on investments, net of tax	(11)					(11)
Reclassification of loss on investments into earnings, net of tax	(12)					(12)
Ending balance (in shares) at Jun. 30, 2022		36,029,477	2,044,549
Ending balance at Jun. 30, 2022	497,020	$ 38	$ (115,900)	453,922	161,443	(2,483)
Beginning balance (in shares) at Mar. 31, 2022		36,120,518	1,910,897
Beginning balance at Mar. 31, 2022	491,521	$ 38	$ (100,903)	442,405	150,690	(709)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock-based compensation	8,128			8,128
Shares issued pursuant to stock awards (in shares)		9,274
Shares issued pursuant to stock awards	186			186
Employee stock purchase plan (in shares)		33,337
Employee stock purchase plan activity	$ 3,203			3,203
Number of shares repurchased (in shares)	133,652	133,652	133,652
Repurchases of common stock	$ (14,997)		$ (14,997)
Net income	10,753				10,753
Foreign currency translation adjustments	(1,743)					(1,743)
Unrealized loss on investments, net of tax	(8)					(8)
Reclassification of loss on investments into earnings, net of tax	(23)					(23)
Ending balance (in shares) at Jun. 30, 2022		36,029,477	2,044,549
Ending balance at Jun. 30, 2022	$ 497,020	$ 38	$ (115,900)	$ 453,922	$ 161,443	$ (2,483)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities
Net income	$ 23,356	$ 20,383
Reconciliation of net income to net cash provided by operating activities
Deferred income taxes	(2,160)	351
Depreciation and amortization of property and equipment	7,814	7,294
Amortization of intangible assets	4,938	5,335
Provision for credit losses	2,634	2,831
Stock-based compensation	17,676	14,424
Other, net	8	170
Changes in assets and liabilities
Accounts receivable	(7,862)	(6,945)
Deferred costs	(5,095)	(3,338)
Other current and non-current assets	(1,423)	(1,201)
Accounts payable	(3,234)	(147)
Accrued compensation	(7,186)	3,246
Accrued expenses	(805)	(2,087)
Deferred revenue	8,802	12,893
Operating leases	(678)	1,449
Net cash provided by operating activities	36,785	54,658
Cash flows from investing activities
Purchases of property and equipment	(8,191)	(8,738)
Purchases of investments	(114,603)	(44,034)
Maturities of investments	117,500	35,000
Net cash used in investing activities	(5,294)	(17,772)
Cash flows from financing activities
Repurchases of common stock	(30,223)	(6,450)
Net proceeds from exercise of options to purchase common stock	690	4,030
Net proceeds from employee stock purchase plan	3,350	2,186
Payments for contingent consideration	0	(2,042)
Net cash used in financing activities	(26,183)	(2,276)
Effect of foreign currency exchange rate changes	(135)	65
Net increase in cash and cash equivalents	5,173	34,675
Cash and cash equivalents at beginning of period	207,552	149,692
Cash and cash equivalents at end of period	$ 212,725	$ 184,367

General

General	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	General Business Description SPS Commerce is a leading provider of cloud-based supply chain management services across our global retail network. Our products make it easier for retailers, suppliers, grocers, distributors, and logistics firms to orchestrate the management of item data, order fulfillment, inventory control, and sales analytics across omnichannel retail channels. SPS Commerce delivers our products using a full-service model whereby our internal experts monitor, update, and boost network performance on our customers’ behalf. The services offered by SPS Commerce eliminate the need for on-premise software and support staff by taking on that capability on the customer’s behalf. The services we provide enable our customers to increase their supply cycle agility, optimize their inventory levels and sell-through, reduce operational costs and gain increased visibility into customer orders, to help ensure that suppliers, grocers, distributors, and logistics firms can satisfy exacting retailer requirements. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of SPS Commerce, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements. This interim financial information has been prepared under the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by GAAP. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission (“SEC”). We have included all normal recurring adjustments considered necessary to provide a fair presentation of our financial position, results of operations, stockholders’ equity, and cash flows for the interim periods presented. Operating results for these interim periods are not necessarily indicative of the results to be expected for the full year. Use of Estimates Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Significant Accounting Policies There were no material changes in our significant accounting policies during the six months ended June 30, 2022. See Note A to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 , as filed with the SEC, for additional information regarding our significant accounting policies. Accounting Pronouncements Not Yet Adopted Standard Date of Issuance Description Date of Required Adoption Effect on the Financial Statements ASU 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers October 2021 This amendment requires that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, effective for all business combinations in the year of adoption and thereafter. January 2023 The adoption of this standard may have a material impact on the purchase accounting for business combinations depending on the specific amount of contract assets and liabilities being acquired.

Revenue

Revenue	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	Revenue We derive our revenues from the following revenue streams: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Recurring revenues: Fulfillment $ 87,887 $ 75,228 $ 172,618 $ 146,632 Analytics 11,648 10,381 22,944 20,525 Other 1,628 1,331 3,168 2,584 Recurring revenues 101,163 86,940 198,730 169,741 One-time revenues 8,015 7,599 15,641 14,892 Total revenue $ 109,178 $ 94,539 $ 214,371 $ 184,633 Revenues are the amount that reflects the consideration we are contractually and legally entitled to, as well as expect to collect, in exchange for those services. Recurring Revenues Recurring revenues consist of recurring subscriptions from customers that utilize our Fulfillment, Analytics, and Other supply chain management products. Revenue for these products is generally recognized on a ratable basis over the contract term beginning on the date that our service is made available to the customer. Our contracts with our recurring revenue customers are recurring in nature, generally ranging from monthly to annual, and generally allow the customer to cancel the contract for any reason with 30 to 90 days’ notice. Timing of billings varies by customer and by contract type and generally are either in advance or within 30 days of the service being performed. Given that the recurring revenue contracts are for one year or less, we have applied the optional exemption to not disclose information about the remaining performance obligations for recurring revenue contracts. One-time Revenues One-time revenues consist of set-up fees and miscellaneous fees from customers. Set-up revenues Set-up fees are specific for each connection a customer has with a trading partner. These nonrefundable fees are necessary for our customers to utilize our services and do not provide any standalone value. Many of our customers have connections with numerous trading partners. Set-up fees constitute a material renewal option right that provide customers a significant future incentive that would not be otherwise available to that customer unless they entered into the contract, as the set-up fees will not be incurred again upon contract renewal. As such, set-up fees and related costs are deferred and recognized ratably over two years, which is the estimated period for which a material right is present for our customers . The table below presents the activity of the portion of the deferred revenue liability relating to set-up fees: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Balance, beginning of period $ 14,938 $ 12,102 $ 14,459 $ 11,118 Invoiced set-up fees 4,058 4,343 8,061 8,210 Recognized set-up fees (3,687) (3,101) (7,211) (5,984) Balance, end of period $ 15,309 $ 13,344 $ 15,309 $ 13,344 The entire balance of deferred set-up fees will be recognized within two years. Those that will be recognized within the next year are classified as current, whereas the remainder are classified as non-current. Miscellaneous one-time revenues Miscellaneous one-time fees consist of professional services and testing and certification. The contract period for these one-time fees is for one year or less and recognized at the time service is provided. We have applied the optional exemption to not disclose information about the remaining performance obligations for miscellaneous one-time fee contracts since they have original durations of one year or less.

Deferred Costs

Deferred Costs	6 Months Ended
	Jun. 30, 2022
Deferred Costs [Abstract]
Deferred Costs	Deferred Costs The deferred costs activity was as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Balance, beginning of period $ 62,610 $ 51,540 $ 59,720 $ 50,595 Incurred deferred costs 17,637 16,036 35,418 29,463 Amortized deferred costs (15,582) (13,735) (30,473) (26,217) Balance, end of period $ 64,665 $ 53,841 $ 64,665 $ 53,841

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Cash Equivalents and Investments Cash equivalents and investments consisted of the following: June 30, 2022 December 31, 2021 (in thousands) Amortized Cost Unrealized Losses, net Fair Value Amortized Cost Unrealized Gains (Losses), net Fair Value Cash equivalents: Money market funds $ 138,729 $ — $ 138,729 $ 138,205 $ — $ 138,205 Certificates of deposit 6,904 — 6,904 7,268 — 7,268 Marketable securities: Commercial paper 39,634 (25) 39,609 34,984 7 34,991 U.S. treasury securities — — — 7,500 (1) 7,499 $ 185,267 $ (25) $ 185,242 $ 187,957 $ 6 $ 187,963 Recurring Fair Value Measurements The following table details the fair value hierarchy of our assets and liabilities measured at a fair value on a recurring basis: June 30, 2022 December 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 138,729 $ — $ — $ 138,729 $ 138,205 $ — $ — $ 138,205 Certificates of deposit 6,904 — — 6,904 7,268 — — 7,268 Marketable securities: Commercial paper — 39,609 — 39,609 — 34,991 — 34,991 U.S. treasury securities — — — — — 7,499 — 7,499 $ 145,633 $ 39,609 $ — $ 185,242 $ 145,473 $ 42,490 $ — $ 187,963 See Note E to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the SEC, for additional information regarding the three levels of inputs that may be used to measure fair value.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2022
Allowance for Credit Loss [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses The allowance for credit losses activity, included in accounts receivable, net, was as follows: Six Months Ended (in thousands) 2022 2021 Balance, beginning of period $ 4,249 $ 4,233 Provision for credit losses 2,634 2,831 Write-offs, net of recoveries (2,429) (2,809) Balance, end of period $ 4,454 $ 4,255

Property and Equipment, Net

Property and Equipment, Net	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consisted of the following: (in thousands) June 30, December 31, 2021 Internally developed software $ 47,230 $ 44,981 Computer equipment 31,305 29,329 Leasehold improvements 16,650 16,685 Office equipment and furniture 10,929 10,972 Property and equipment, cost 106,114 101,967 Less: accumulated depreciation and amortization (74,114) (70,066) Total property and equipment, net $ 32,000 $ 31,901

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	Goodwill and Intangible Assets, Net Goodwill The activity in goodwill was as follows: Six Months Ended (in thousands) 2022 2021 Balance, beginning of period $ 143,663 $ 134,853 Foreign currency translation (703) 233 Remeasurement from provisional purchase accounting amount — 268 Balance, end of period $ 142,960 $ 135,354 Intangible Assets Intangible assets, net consisted of the following: June 30, 2022 ($ in thousands) Gross Accumulated Foreign Net Weighted Average Remaining Amortization Period Subscriber relationships $ 61,142 $ (33,964) $ (51) $ 27,127 6.0 years Acquired technology 35,327 (8,857) — 26,470 6.3 years $ 96,469 $ (42,821) $ (51) $ 53,597 6.2 years December 31, 2021 ($ in thousands) Gross Accumulated Foreign Net Weighted Average Remaining Amortization Period Subscriber relationships $ 61,270 $ (29,866) $ (1,395) $ 30,009 6.4 years Acquired technology 35,316 (6,738) — 28,578 6.8 years $ 96,586 $ (36,604) $ (1,395) $ 58,587 6.6 years The estimated future annual amortization expense related to intangible assets is as follows: (in thousands) Remainder of 2022 $ 4,924 2023 9,777 2024 8,534 2025 8,396 2026 7,392 Thereafter 14,573 Total future amortization $ 53,597

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Leases The components of lease expense were as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Operating lease cost $ 740 $ 896 $ 1,499 $ 1,436 Variable lease cost 856 950 1,649 1,718 $ 1,596 $ 1,846 $ 3,148 $ 3,154 Supplemental cash flow information related to leases was as follows: Six Months Ended (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 2,176 $ 1,204 Supplemental balance sheet information related to operating leases was as follows: June 30, December 31, 2021 Weighted-average remaining lease term 4.4 years 4.8 years Weighted-average discount rate 4.0 % 4.0 % At June 30, 2022, our future minimum payments under operating leases were as follows: (in thousands) Remainder of 2022 $ 2,478 2023 4,690 2024 4,278 2025 3,874 2026 3,770 Thereafter 1,268 Total future gross payments $ 20,358 Less: imputed interest (1,778) Total operating lease liabilities $ 18,580 Purchase Commitments

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Share Repurchase Programs Our board of directors has authorized multiple non-concurrent programs to repurchase our common stock. Details of the programs and activity thereunder were as follows: (in thousands) Effective Date Expiration Date Share Value Authorized for Repurchase Share Value Repurchased Unused & Expired Share Repurchase Value Share Value Available for Future Repurchase 2019 Program November 2019 November 2021 $ 50,000 $ 29,611 $ 20,389 N/A 2021 Program November 2021 November 2023 50,000 39,992 N/A $ 10,008 On July 26, 2022, our board of directors authorized a new share repurchase program ("2022 Program"), effective August 26, 2022, that allows up to $50.0 million of common stock to be repurchased, expiring in July 2024. The 2021 Program will terminate on the effective date of the 2022 Program. The share repurchase activity by period was as follows: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2022 2021 2022 2021 Shares repurchased cost $ 14,997 $ 6,450 $ 30,223 $ 6,450 Number of shares repurchased 133,652 63,515 255,196 63,515 Average price per repurchased share $ 112.21 $ 101.55 $ 118.43 $ 101.55

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	Stock-Based Compensation Our equity compensation plans provide for the grant of incentive and nonqualified stock options, as well as other stock-based awards including performance share units (“PSUs”), restricted stock awards (“RSAs”), restricted stock units (“RSUs”), and deferred stock units (“DSUs”), to employees, non-employee directors and other consultants who provide services to us. We also provide an employee stock purchase plan (“ESPP”) and 401(k) match to eligible participants. We recognize stock-based compensation expense based on grant date award fair value. This cost is recognized over the period for which the employee is required to provide service in exchange for the award or the award performance period, except for expenses relating to retirement-eligible employees that have not given their required notice, which is recognized on a pro-rata basis over the notice period prior to retirement. At June 30, 2022 , there were approximately 13.2 million shares available for grant under approved equity compensation plans. Stock-based compensation expense was allocated in the condensed consolidated statements of comprehensive income as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Cost of revenues $ 2,152 $ 1,746 $ 4,331 $ 3,249 Operating expenses Sales and marketing 1,958 1,738 3,990 3,220 Research and development 1,380 1,106 2,854 2,017 General and administrative 3,171 2,909 6,501 5,938 $ 8,661 $ 7,499 $ 17,676 $ 14,424 Stock-based compensation expense by grant type or plan was as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Stock options $ 463 $ 522 $ 940 $ 1,074 PSUs 2,004 1,931 4,703 4,016 RSUs 5,094 4,115 9,732 7,536 RSAs & DSUs 110 110 218 217 ESPP 458 336 1,032 662 401(k) stock match 532 485 1,051 919 $ 8,661 $ 7,499 $ 17,676 $ 14,424 As of June 30, 2022, there was $44.0 million of unrecognized stock-based compensation expense under our equity compensation plans, which is expected to be recognized on a primarily straight-line basis over a weighted average period of 2.6 years. Stock Options Our stock option activity was as follows: Six Months Ended Options (#) Weighted Average Outstanding, beginning of period 678,650 $ 44.76 Granted 47,171 122.36 Exercised (18,404) 37.52 Forfeited (3,759) 85.84 Outstanding, end of period 703,658 $ 49.93 Of the total outstanding options at June 30, 2022, 0.6 million were exercisable. The outstanding and exercisable options had a weighted average exercise price of $41.52 per share and a weighted average remaining contractual life of 3.0 years. The weighted average grant date fair value of options granted during the six months ended June 30, 2022 was $40.78 per share. This was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions: Life (in years) 4.3 Volatility 37.4 % Dividend yield — Risk-free interest rate 2.2 % Performance Share Units, Restricted Stock Units and Awards, and Deferred Stock Units In each of the quarters ended March 31, 2022, 2021, 2020, and 2019 we granted PSU awards with a target performance level. These awards are earned based upon our Company’s total shareholder return as compared to an indexed total shareholder return over the course of a fiscal based three-year performance period, starting in the year of grant. Earned awards vest in the quarter following the conclusion of the performance period. In the three months ended March 31, 2022 , PSU awards granted in 2019 vested at the maximum performance level and less than 0.1 million shares of common stock were issued. Activity for our PSUs, RSUs, RSAs, and DSUs in aggregate was as follows: Six Months Ended # Weighted Average Grant Outstanding, beginning of period 702,160 $ 78.03 Granted 241,902 126.60 Vested and common stock issued (220,002) 62.49 Forfeited (16,123) 95.03 Outstanding, end of period 707,937 $ 99.07 The number of PSUs, RSUs, RSAs, and DSUs outstanding at June 30, 2022 included less than 0.1 million units that have vested, but the shares of common stock have not yet been issued, pursuant to the terms of the underlying agreements. Employee Stock Purchase Plan Our ESPP activity was as follows: Three Months Ended Six Months Ended (in thousands, except shares) 2022 2021 2022 2021 Amounts for shares purchased $ 3,203 $ 2,081 $ 3,350 $ 2,186 Shares purchased 33,337 24,528 35,035 26,149 A total of 1.8 million shares of common stock are reserved for issuance under the ESPP as of June 30, 2022. The fair value was estimated based on the market price of our common stock at the beginning of the offering period using the following assumptions: Life (in years) 0.5 Volatility 37.4 % Dividend yield — Risk-free interest rate 0.2 %

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesWe record our interim provision for income taxes by applying our estimated annual effective tax rate to our year-to-date pretax income and adjust the provision for discrete tax items recorded in the period. Differences between our effective tax rate and statutory tax rates are primarily due to the impact of permanently non-deductible expenses partially offset by the federal research and development credits and tax benefits associated with foreign-derived intangible income. Additionally, excess tax benefits generated upon settlement or exercise of stock awards are recognized as a reduction to income tax expense as a discrete tax item in the quarter that the event occurs, creating potentially significant fluctuation in tax expense by quarter and by year. Our provisions for income taxes includes current federal, state, and foreign income tax expense, as well as deferred tax expense.

Other Income and Expense

Other Income and Expense	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Other Income and Expense	Other Income and Expense Other expense, net included the following: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Investment income $ 172 $ 79 $ 220 $ 176 Realized loss from foreign currency on cash and investments held (1,327) (349) (859) (638) Other expense, net (183) (113) (276) (246) Total other expense, net $ (1,338) $ (383) $ (915) $ (708)

Net Income Per Share

Net Income Per Share	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share The components and computation of basic and diluted net income per share were as follows: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2022 2021 2022 2021 Numerator Net income $ 10,753 $ 10,183 $ 23,356 $ 20,383 Denominator Weighted average common shares outstanding, basic 36,085 35,903 36,110 35,828 Options to purchase common stock 391 505 405 536 PSUs, RSUs, RSAs, and DSUs 386 345 382 377 Weighted average common shares outstanding, diluted 36,862 36,753 36,897 36,741 Net income per share Basic $ 0.30 $ 0.28 $ 0.65 $ 0.57 Diluted $ 0.29 $ 0.28 $ 0.63 $ 0.55 The number of outstanding potential common shares that were excluded from the calculation of diluted net income per share as they were anti-dilutive was as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Anti-dilutive shares 242 129 211 93

Geographic Information

Geographic Information	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Geographic Information	NOTE N – Geographic Information Revenue The percentage of domestic revenue, which we define as the percentage of consolidated revenue that was attributable to customers based within the U.S., was as follows: Three Months Ended Six Months Ended 2022 2021 2022 2021 Domestic revenue 84 % 84 % 84 % 84 % No single jurisdiction outside of the U.S. had revenues in excess of 10%. Property and Equipment The percentage of property and equipment, net located at subsidiary and office locations outside of the U.S. was as follows: June 30, December 31, 2022 International property and equipment 13 % 12 %

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Business Acquisitions Effective July 19, 2022, we acquired all of the outstanding equity ownership interests of GCommerce, Inc., a leading EDI provider within the automotive aftermarket industry. Pursuant to the definitive agreement, the purchase price of approximately $45 million was paid in cash at closing, and is subject to post-closing adjustments. Stockholders' Equity

General (Policies)

General (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Description	Business Description SPS Commerce is a leading provider of cloud-based supply chain management services across our global retail network. Our products make it easier for retailers, suppliers, grocers, distributors, and logistics firms to orchestrate the management of item data, order fulfillment, inventory control, and sales analytics across omnichannel retail channels. SPS Commerce delivers our products using a full-service model whereby our internal experts monitor, update, and boost network performance on our customers’ behalf. The services offered by SPS Commerce eliminate the need for on-premise software and support staff by taking on that capability on the customer’s behalf. The services we provide enable our customers to increase their supply cycle agility, optimize their inventory levels and sell-through, reduce operational costs and gain increased visibility into customer orders, to help ensure that suppliers, grocers, distributors, and logistics firms can satisfy exacting retailer requirements.
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and include the accounts of SPS Commerce, Inc. and its subsidiaries. All intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements. This interim financial information has been prepared under the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by GAAP. Therefore, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended December 31, 2021, as filed with the Securities and Exchange Commission (“SEC”). We have included all normal recurring adjustments considered necessary to provide a fair presentation of our financial position, results of operations, stockholders’ equity, and cash flows for the interim periods presented. Operating results for these interim periods are not necessarily indicative of the results to be expected for the full year.
Use of Estimates	Use of Estimates Preparing financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Significant Accounting Policies	Significant Accounting Policies There were no material changes in our significant accounting policies during the six months ended June 30, 2022. See Note A to the consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2021 , as filed with the SEC, for additional information regarding our significant accounting policies.

General (Tables)

General (Tables)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Pronouncements Note Yet Adopted	Accounting Pronouncements Not Yet Adopted Standard Date of Issuance Description Date of Required Adoption Effect on the Financial Statements ASU 2021-08, Business Combinations (Topic 805) - Accounting for Contract Assets and Contract Liabilities from Contracts with Customers October 2021 This amendment requires that an acquirer recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606, effective for all business combinations in the year of adoption and thereafter. January 2023 The adoption of this standard may have a material impact on the purchase accounting for business combinations depending on the specific amount of contract assets and liabilities being acquired.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Revenues by Revenue Stream	We derive our revenues from the following revenue streams: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Recurring revenues: Fulfillment $ 87,887 $ 75,228 $ 172,618 $ 146,632 Analytics 11,648 10,381 22,944 20,525 Other 1,628 1,331 3,168 2,584 Recurring revenues 101,163 86,940 198,730 169,741 One-time revenues 8,015 7,599 15,641 14,892 Total revenue $ 109,178 $ 94,539 $ 214,371 $ 184,633
Summary of Deferred Revenue Liability Relating to Set-Up Fees	The table below presents the activity of the portion of the deferred revenue liability relating to set-up fees: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Balance, beginning of period $ 14,938 $ 12,102 $ 14,459 $ 11,118 Invoiced set-up fees 4,058 4,343 8,061 8,210 Recognized set-up fees (3,687) (3,101) (7,211) (5,984) Balance, end of period $ 15,309 $ 13,344 $ 15,309 $ 13,344

Deferred Costs (Tables)

Deferred Costs (Tables)	6 Months Ended
	Jun. 30, 2022
Deferred Costs [Abstract]
Summary of Deferred Costs and Amortization of Deferred Costs	The deferred costs activity was as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Balance, beginning of period $ 62,610 $ 51,540 $ 59,720 $ 50,595 Incurred deferred costs 17,637 16,036 35,418 29,463 Amortized deferred costs (15,582) (13,735) (30,473) (26,217) Balance, end of period $ 64,665 $ 53,841 $ 64,665 $ 53,841

Financial Instruments (Tables)

Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Summary of Cash Equivalents and Investments	Cash equivalents and investments consisted of the following: June 30, 2022 December 31, 2021 (in thousands) Amortized Cost Unrealized Losses, net Fair Value Amortized Cost Unrealized Gains (Losses), net Fair Value Cash equivalents: Money market funds $ 138,729 $ — $ 138,729 $ 138,205 $ — $ 138,205 Certificates of deposit 6,904 — 6,904 7,268 — 7,268 Marketable securities: Commercial paper 39,634 (25) 39,609 34,984 7 34,991 U.S. treasury securities — — — 7,500 (1) 7,499 $ 185,267 $ (25) $ 185,242 $ 187,957 $ 6 $ 187,963
Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis	The following table details the fair value hierarchy of our assets and liabilities measured at a fair value on a recurring basis: June 30, 2022 December 31, 2021 (in thousands) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 138,729 $ — $ — $ 138,729 $ 138,205 $ — $ — $ 138,205 Certificates of deposit 6,904 — — 6,904 7,268 — — 7,268 Marketable securities: Commercial paper — 39,609 — 39,609 — 34,991 — 34,991 U.S. treasury securities — — — — — 7,499 — 7,499 $ 145,633 $ 39,609 $ — $ 185,242 $ 145,473 $ 42,490 $ — $ 187,963

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2022
Allowance for Credit Loss [Abstract]
Schedule of Allowance for Credit Losses Activity Included in Accounts Receivable Net	The allowance for credit losses activity, included in accounts receivable, net, was as follows: Six Months Ended (in thousands) 2022 2021 Balance, beginning of period $ 4,249 $ 4,233 Provision for credit losses 2,634 2,831 Write-offs, net of recoveries (2,429) (2,809) Balance, end of period $ 4,454 $ 4,255

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property and equipment, net consisted of the following: (in thousands) June 30, December 31, 2021 Internally developed software $ 47,230 $ 44,981 Computer equipment 31,305 29,329 Leasehold improvements 16,650 16,685 Office equipment and furniture 10,929 10,972 Property and equipment, cost 106,114 101,967 Less: accumulated depreciation and amortization (74,114) (70,066) Total property and equipment, net $ 32,000 $ 31,901

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Net Carrying Amount of Goodwill	Goodwill The activity in goodwill was as follows: Six Months Ended (in thousands) 2022 2021 Balance, beginning of period $ 143,663 $ 134,853 Foreign currency translation (703) 233 Remeasurement from provisional purchase accounting amount — 268 Balance, end of period $ 142,960 $ 135,354
Intangible Assets	Intangible Assets Intangible assets, net consisted of the following: June 30, 2022 ($ in thousands) Gross Accumulated Foreign Net Weighted Average Remaining Amortization Period Subscriber relationships $ 61,142 $ (33,964) $ (51) $ 27,127 6.0 years Acquired technology 35,327 (8,857) — 26,470 6.3 years $ 96,469 $ (42,821) $ (51) $ 53,597 6.2 years December 31, 2021 ($ in thousands) Gross Accumulated Foreign Net Weighted Average Remaining Amortization Period Subscriber relationships $ 61,270 $ (29,866) $ (1,395) $ 30,009 6.4 years Acquired technology 35,316 (6,738) — 28,578 6.8 years $ 96,586 $ (36,604) $ (1,395) $ 58,587 6.6 years
Estimated Future Annual Amortization Expense Related to Intangible Assets Subject to Amortization	The estimated future annual amortization expense related to intangible assets is as follows: (in thousands) Remainder of 2022 $ 4,924 2023 9,777 2024 8,534 2025 8,396 2026 7,392 Thereafter 14,573 Total future amortization $ 53,597

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Operating lease cost $ 740 $ 896 $ 1,499 $ 1,436 Variable lease cost 856 950 1,649 1,718 $ 1,596 $ 1,846 $ 3,148 $ 3,154
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Six Months Ended (in thousands) 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 2,176 $ 1,204
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to operating leases was as follows: June 30, December 31, 2021 Weighted-average remaining lease term 4.4 years 4.8 years Weighted-average discount rate 4.0 % 4.0 %
Schedule of Future Minimum Payments Under Operating Leases	At June 30, 2022, our future minimum payments under operating leases were as follows: (in thousands) Remainder of 2022 $ 2,478 2023 4,690 2024 4,278 2025 3,874 2026 3,770 Thereafter 1,268 Total future gross payments $ 20,358 Less: imputed interest (1,778) Total operating lease liabilities $ 18,580

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Stock Repurchase Activity	Our board of directors has authorized multiple non-concurrent programs to repurchase our common stock. Details of the programs and activity thereunder were as follows: (in thousands) Effective Date Expiration Date Share Value Authorized for Repurchase Share Value Repurchased Unused & Expired Share Repurchase Value Share Value Available for Future Repurchase 2019 Program November 2019 November 2021 $ 50,000 $ 29,611 $ 20,389 N/A 2021 Program November 2021 November 2023 50,000 39,992 N/A $ 10,008 The share repurchase activity by period was as follows: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2022 2021 2022 2021 Shares repurchased cost $ 14,997 $ 6,450 $ 30,223 $ 6,450 Number of shares repurchased 133,652 63,515 255,196 63,515 Average price per repurchased share $ 112.21 $ 101.55 $ 118.43 $ 101.55

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation Expense	Stock-based compensation expense was allocated in the condensed consolidated statements of comprehensive income as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Cost of revenues $ 2,152 $ 1,746 $ 4,331 $ 3,249 Operating expenses Sales and marketing 1,958 1,738 3,990 3,220 Research and development 1,380 1,106 2,854 2,017 General and administrative 3,171 2,909 6,501 5,938 $ 8,661 $ 7,499 $ 17,676 $ 14,424 Stock-based compensation expense by grant type or plan was as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Stock options $ 463 $ 522 $ 940 $ 1,074 PSUs 2,004 1,931 4,703 4,016 RSUs 5,094 4,115 9,732 7,536 RSAs & DSUs 110 110 218 217 ESPP 458 336 1,032 662 401(k) stock match 532 485 1,051 919 $ 8,661 $ 7,499 $ 17,676 $ 14,424
Stock Option Activity	Our stock option activity was as follows: Six Months Ended Options (#) Weighted Average Outstanding, beginning of period 678,650 $ 44.76 Granted 47,171 122.36 Exercised (18,404) 37.52 Forfeited (3,759) 85.84 Outstanding, end of period 703,658 $ 49.93
Weighted Average Grant Date Fair Value of Options Granted, Assumptions	The weighted average grant date fair value of options granted during the six months ended June 30, 2022 was $40.78 per share. This was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted-average assumptions: Life (in years) 4.3 Volatility 37.4 % Dividend yield — Risk-free interest rate 2.2 %
PSU, RSU, RSA, and DSU	Activity for our PSUs, RSUs, RSAs, and DSUs in aggregate was as follows: Six Months Ended # Weighted Average Grant Outstanding, beginning of period 702,160 $ 78.03 Granted 241,902 126.60 Vested and common stock issued (220,002) 62.49 Forfeited (16,123) 95.03 Outstanding, end of period 707,937 $ 99.07
Summary of ESPP Activity	Our ESPP activity was as follows: Three Months Ended Six Months Ended (in thousands, except shares) 2022 2021 2022 2021 Amounts for shares purchased $ 3,203 $ 2,081 $ 3,350 $ 2,186 Shares purchased 33,337 24,528 35,035 26,149
Fair Value Estimation of Common Stock Using Black-Scholes Option Pricing Model, Assumptions	The fair value was estimated based on the market price of our common stock at the beginning of the offering period using the following assumptions: Life (in years) 0.5 Volatility 37.4 % Dividend yield — Risk-free interest rate 0.2 %

Other Income and Expense (Table

Other Income and Expense (Tables)	6 Months Ended
	Jun. 30, 2022
Other Income and Expenses [Abstract]
Summary of Other Income (Expense), Net	Other expense, net included the following: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Investment income $ 172 $ 79 $ 220 $ 176 Realized loss from foreign currency on cash and investments held (1,327) (349) (859) (638) Other expense, net (183) (113) (276) (246) Total other expense, net $ (1,338) $ (383) $ (915) $ (708)

Net Income Per Share (Tables)

Net Income Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Components and Computation of Basic and Diluted Net Income Per Share	The components and computation of basic and diluted net income per share were as follows: Three Months Ended Six Months Ended (in thousands, except per share amounts) 2022 2021 2022 2021 Numerator Net income $ 10,753 $ 10,183 $ 23,356 $ 20,383 Denominator Weighted average common shares outstanding, basic 36,085 35,903 36,110 35,828 Options to purchase common stock 391 505 405 536 PSUs, RSUs, RSAs, and DSUs 386 345 382 377 Weighted average common shares outstanding, diluted 36,862 36,753 36,897 36,741 Net income per share Basic $ 0.30 $ 0.28 $ 0.65 $ 0.57 Diluted $ 0.29 $ 0.28 $ 0.63 $ 0.55
Schedule of Anti-dilutive Common Shares Excluded from Calculation of Diluted Net Income Per Share	The number of outstanding potential common shares that were excluded from the calculation of diluted net income per share as they were anti-dilutive was as follows: Three Months Ended Six Months Ended (in thousands) 2022 2021 2022 2021 Anti-dilutive shares 242 129 211 93

Geographic Information (Tables)

Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2022
Revenue from Contract with Customer [Abstract]
Summary of Domestic Revenue	The percentage of domestic revenue, which we define as the percentage of consolidated revenue that was attributable to customers based within the U.S., was as follows: Three Months Ended Six Months Ended 2022 2021 2022 2021 Domestic revenue 84 % 84 % 84 % 84 %
Schedule Of Percentage Of Property And Equipment Net	The percentage of property and equipment, net located at subsidiary and office locations outside of the U.S. was as follows: June 30, December 31, 2022 International property and equipment 13 % 12 %

Revenue - Summary of Revenues b

Revenue - Summary of Revenues by Revenue Stream (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue Recognition [Line Items]
Revenues	$ 109,178	$ 94,539	$ 214,371	$ 184,633
Recurring revenues
Revenue Recognition [Line Items]
Revenues	101,163	86,940	198,730	169,741
One-time revenues
Revenue Recognition [Line Items]
Revenues	8,015	7,599	15,641	14,892
Fulfillment | Recurring revenues
Revenue Recognition [Line Items]
Revenues	87,887	75,228	172,618	146,632
Analytics | Recurring revenues
Revenue Recognition [Line Items]
Revenues	11,648	10,381	22,944	20,525
Other | Recurring revenues
Revenue Recognition [Line Items]
Revenues	$ 1,628	$ 1,331	$ 3,168	$ 2,584

Revenue - Narrative (Detail)

Revenue - Narrative (Detail)	6 Months Ended
	Jun. 30, 2022
Disaggregation Of Revenue [Line Items]
Latest timing of billings	30 days
Contract term maximum	1 year
Set up fees recognized period	2 years
Maximum recognition period for miscellaneous one-time fee	1 year
Minimum
Disaggregation Of Revenue [Line Items]
Customer contract cancellation period	30 days
Maximum
Disaggregation Of Revenue [Line Items]
Customer contract cancellation period	90 days

Revenue - Summary of Deferred R

Revenue - Summary of Deferred Revenue Liability Relating to Set-Up Fees (Detail) - Set-Up Fees - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Deferred Revenue Arrangement [Roll Forward]
Balance, beginning of period	$ 14,938	$ 12,102	$ 14,459	$ 11,118
Invoiced set-up fees	4,058	4,343	8,061	8,210
Recognized set-up fees	(3,687)	(3,101)	(7,211)	(5,984)
Balance, end of period	$ 15,309	$ 13,344	$ 15,309	$ 13,344

Deferred Costs (Detail)

Deferred Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Deferred Costs [Roll Forward]
Balance, beginning of period	$ 62,610	$ 51,540	$ 59,720	$ 50,595
Incurred deferred costs	17,637	16,036	35,418	29,463
Amortized deferred costs	(15,582)	(13,735)	(30,473)	(26,217)
Balance, end of period	$ 64,665	$ 53,841	$ 64,665	$ 53,841

Financial Instruments - Summary

Financial Instruments - Summary of Cash Equivalents and Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule of Financial Instruments [Line Items]
Amortized Cost	$ 185,267	$ 187,957
Unrealized Gains (Losses), net	(25)	6
Fair Value	185,242	187,963
Certificates of deposit
Schedule of Financial Instruments [Line Items]
Amortized Cost	6,904	7,268
Unrealized Gains (Losses), net	0	0
Fair Value	6,904	7,268
Cash Equivalents | Money market funds
Schedule of Financial Instruments [Line Items]
Amortized Cost	138,729	138,205
Unrealized Gains (Losses), net	0	0
Fair Value	138,729	138,205
Marketable Securities | Commercial paper
Schedule of Financial Instruments [Line Items]
Amortized Cost	39,634	34,984
Unrealized Gains (Losses), net	(25)	7
Fair Value	39,609	34,991
Marketable Securities | U.S. treasury securities
Schedule of Financial Instruments [Line Items]
Amortized Cost	0	7,500
Unrealized Gains (Losses), net	0	(1)
Fair Value	$ 0	$ 7,499

Financial Instruments - Summa_2

Financial Instruments - Summary of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	$ 185,242	$ 187,963
Money market funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	138,729	138,205
Certificates of deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	6,904	7,268
Commercial paper
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	39,609	34,991
U.S. treasury securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	7,499
Level 1
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	145,633	145,473
Level 1 | Money market funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	138,729	138,205
Level 1 | Certificates of deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	6,904	7,268
Level 1 | Commercial paper
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 1 | U.S. treasury securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	39,609	42,490
Level 2 | Money market funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 2 | Certificates of deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 2 | Commercial paper
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	39,609	34,991
Level 2 | U.S. treasury securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	7,499
Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 3 | Money market funds
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 3 | Certificates of deposit
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 3 | Commercial paper
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	0	0
Level 3 | U.S. treasury securities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Assets fair value	$ 0	$ 0

Allowance for Credit Losses (De

Allowance for Credit Losses (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ 4,249	$ 4,233
Provision for credit losses	2,634	2,831
Write-offs, net of recoveries	(2,429)	(2,809)
Balance, end of period	$ 4,454	$ 4,255

Property and Equipment, Net (De

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 106,114	$ 101,967
Less: accumulated depreciation and amortization	(74,114)	(70,066)
Property and equipment, net	32,000	31,901
Internally developed software
Property, Plant and Equipment [Line Items]
Property and equipment, cost	47,230	44,981
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, cost	31,305	29,329
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, cost	16,650	16,685
Office equipment and furniture
Property, Plant and Equipment [Line Items]
Property and equipment, cost	$ 10,929	$ 10,972

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Schedule of Changes in Net Carrying Amount of Goodwill (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Roll Forward]
Balance, beginning of period	$ 143,663	$ 134,853
Foreign currency translation	(703)	233
Remeasurement from provisional purchase accounting amount	0	268
Balance, end of period	$ 142,960	$ 135,354

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Intangible Assets (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2021	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 96,586	$ 96,469
Accumulated Amortization		(36,604)	(42,821)
Foreign Currency Translation		(1,395)	(51)
Net		$ 58,587	53,597
Weighted Average Remaining Amortization Period	6 years 2 months 12 days	6 years 7 months 6 days
Subscriber relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 61,270	61,142
Accumulated Amortization		(29,866)	(33,964)
Foreign Currency Translation		(1,395)	(51)
Net		$ 30,009	27,127
Weighted Average Remaining Amortization Period	6 years	6 years 4 months 24 days
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 35,316	35,327
Accumulated Amortization		(6,738)	(8,857)
Foreign Currency Translation		0	0
Net		$ 28,578	$ 26,470
Weighted Average Remaining Amortization Period	6 years 3 months 18 days	6 years 9 months 18 days

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Estimated Future Annual Amortization Expense Related to Intangible Assets Subject to Amortization (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2022	$ 4,924
2023	9,777
2024	8,534
2025	8,396
2026	7,392
Thereafter	14,573
Net	$ 53,597	$ 58,587

Commitments and Contingencies -

Commitments and Contingencies - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Operating lease cost	$ 740	$ 896	$ 1,499	$ 1,436
Variable lease cost	856	950	1,649	1,718
Lease expense	$ 1,596	$ 1,846	$ 3,148	$ 3,154

Commitments and Contingencies_2

Commitments and Contingencies - Schedule of Supplemental Cash Flow Information Related to Leases (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases	$ 2,176	$ 1,204

Commitments and Contingencies_3

Commitments and Contingencies - Schedule of Supplemental Balance Sheet Information Related to Leases (Detail)	Jun. 30, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term	4 years 4 months 24 days	4 years 9 months 18 days
Weighted-average discount rate	4%	4%

Commitments and Contingencies_4

Commitments and Contingencies - Schedule of Future Minimum Payments Under Operating Leases (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2022	$ 2,478
2023	4,690
2024	4,278
2025	3,874
2026	3,770
Thereafter	1,268
Total future gross payments	20,358
Less: imputed interest	(1,778)
Total operating lease liabilities	$ 18,580

Commitments and Contingencies_5

Commitments and Contingencies - Narrative (Detail) $ in Millions	Jun. 30, 2022 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remaining purchase commitment	$ 6

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchase Plan (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jul. 26, 2022	Dec. 31, 2021
Schedule Of Stockholders Equity [Line Items]
Share Value Repurchased	$ 115,900,000		$ 85,677,000
Common Stock | 2019 Share Repurchase Program
Schedule Of Stockholders Equity [Line Items]
Share Value Authorized for Repurchase	50,000,000
Share Value Repurchased	29,611,000
Unused & Expired Share Repurchase Value	20,389,000
Common Stock | 2021 Share Repurchase Program
Schedule Of Stockholders Equity [Line Items]
Share Value Authorized for Repurchase	50,000,000
Share Value Repurchased	39,992,000
Share Value Available for Future Repurchase	$ 10,008,000
Common Stock | 2022 Stock Repurchase Program | Subsequent Event
Schedule Of Stockholders Equity [Line Items]
Share Value Authorized for Repurchase		$ 50,000,000

Stockholders' Equity - Stock Re

Stockholders' Equity - Stock Repurchase Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Shares repurchased cost	$ 14,997	$ 6,450	$ 30,223	$ 6,450
Number of shares repurchased (in shares)	133,652	63,515	255,196	63,515
Treasury Stock Acquired, Average Cost Per Share	$ 112.21	$ 101.55	$ 118.43	$ 101.55

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended				6 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2019	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)					13,200,000
Unrecognized stock-based compensation expense					$ 44
Unrecognized stock-based compensation, expected to be recognized, weighted average period					2 years 7 months 6 days
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future issuance (in shares)					1,800,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding and exercisable options (in shares)					600,000
Weighted average exercise price (in dollars per share)					$ 41.52
Weighted average remaining contractual life					3 years
Weighted average fair value per share of options granted (in dollars per share)					$ 40.78
Performance Share Unit
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years	3 years	3 years	3 years
Performance Share Unit | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued (in shares)	100,000
PSU, RSU, RSA, and DSU | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vested at period end (in shares)					100,000

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 8,661	$ 7,499	$ 17,676	$ 14,424
Unrecognized stock-based compensation expense	44,000		44,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	463	522	940	1,074
PSUs
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	2,004	1,931	4,703	4,016
RSUs
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	5,094	4,115	9,732	7,536
RSAs & DSUs
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	110	110	218	217
ESPP
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	458	336	1,032	662
401(k) stock match
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	532	485	1,051	919
Cost of revenues
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	2,152	1,746	4,331	3,249
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,958	1,738	3,990	3,220
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,380	1,106	2,854	2,017
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 3,171	$ 2,909	$ 6,501	$ 5,938

Stock-Based Compensation - St_2

Stock-Based Compensation - Stock Option Activity (Detail)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of period (in shares) | shares	678,650
Granted (in shares) | shares	47,171
Exercised (in shares) | shares	(18,404)
Forfeited (in shares) | shares	(3,759)
Outstanding, end of period (in shares) | shares	703,658
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Outstanding, beginning of period (in dollars per share) | $ / shares	$ 44.76
Granted (in dollars per share) | $ / shares	122.36
Exercised (in dollars per share) | $ / shares	37.52
Forfeited (in dollars per share) | $ / shares	85.84
Outstanding, end of period (in dollars per share) | $ / shares	$ 49.93

Stock-Based Compensation - Weig

Stock-Based Compensation - Weighted Average Grant Date Fair Value of Options Granted, Assumptions (Detail) - Stock options	6 Months Ended
	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Life (in years)	4 years 3 months 18 days
Volatility	37.40%
Dividend yield	0%
Risk-free interest rate	2.20%

Stock-Based Compensation - PSU,

Stock-Based Compensation - PSU, RSU, RSA, and DSU (Detail) - PSU, RSU, RSA, and DSU	6 Months Ended
	Jun. 30, 2022 $ / shares shares
#
Outstanding, beginning of period (in shares) | shares	702,160
Granted (in shares) | shares	241,902
Vested and common stock issued (in shares) | shares	(220,002)
Forfeited (in shares) | shares	(16,123)
Outstanding, end of period (in shares) | shares	707,937
Weighted Average Grant Date Fair Value ($/share)
Outstanding, beginning of period (in dollars per share) | $ / shares	$ 78.03
Granted (in dollars per share) | $ / shares	126.60
Vested and common stock issued (in dollars per share) | $ / shares	62.49
Forfeited (in dollars per share) | $ / shares	95.03
Outstanding, end of period (in dollars per share) | $ / shares	$ 99.07

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of ESPP Activity (Detail) - Employee Stock Purchase Plan - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share Based Compensation Arrangement By Share Based Payment Award Value Purchased For Award	$ 3,203	$ 2,081	$ 3,350	$ 2,186
Share-Based Compensation Arrangement by Share-Based Payment Award, Shares Purchased for Award	33,337	24,528	35,035	26,149
Common stock reserved for future issuance (in shares)	1,800,000		1,800,000

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value Estimation of Common Stock Using Black-Scholes Option Pricing Model, Assumptions (Detail) - Employee Stock Purchase Plan	6 Months Ended
	Jun. 30, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Life (in years)	6 months
Volatility	37.40%
Dividend yield	0%
Risk-free interest rate	0.20%

Other Income and Expense (Detai

Other Income and Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Income and Expenses [Abstract]
Investment income	$ 172	$ 79	$ 220	$ 176
Realized loss from foreign currency on cash and investments held	(1,327)	(349)	(859)	(638)
Other expense, net	(183)	(113)	(276)	(246)
Total other income (expense), net	$ (1,338)	$ (383)	$ (915)	$ (708)

Net Income Per Share - Componen

Net Income Per Share - Components and Computation of Basic and Diluted Net Income Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Numerator
Net income	$ 10,753	$ 10,183	$ 23,356	$ 20,383
Denominator
Weighted average common shares outstanding, basic (in shares)	36,085	35,903	36,110	35,828
Options to purchase common stock (in shares)	391	505	405	536
PSUs, RSUs, RSAs, and DSUs (in shares)	386	345	382	377
Weighted average common shares outstanding, diluted (in shares)	36,862	36,753	36,897	36,741
Net income per share
Basic (in dollars per share)	$ 0.30	$ 0.28	$ 0.65	$ 0.57
Diluted (in dollars per share)	$ 0.29	$ 0.28	$ 0.63	$ 0.55

Net Income Per Share - Schedule

Net Income Per Share - Schedule of Anti-dilutive Common Shares Excluded from Calculation of Diluted Net Income Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Antidilutive shares (in shares)	242	129	211	93

Geographic Information - Narrat

Geographic Information - Narrative (Detail) - jurisdiction	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Disaggregation Of Revenue [Line Items]
Number of jurisdiction outside US had excess revenue of 10%	0
Revenue Benchmark | Geographic Concentration Risk | Foreign
Disaggregation Of Revenue [Line Items]
Concentration risk, percentage	13%	12%
Revenue Benchmark | Geographic Concentration Risk | Foreign | Maximum
Disaggregation Of Revenue [Line Items]
Concentration risk, percentage	10%

Geographic Information - Summar

Geographic Information - Summary of Domestic Revenue (Detail) - Revenue Benchmark - Geographic Concentration Risk	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Domestic Revenue
Disaggregation Of Revenue [Line Items]
Concentration risk, percentage	84%	84%	84%	84%
Foreign
Disaggregation Of Revenue [Line Items]
Concentration risk, percentage			13%		12%

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	Jul. 19, 2022 USD ($)
GCommerce Inc | Subsequent Event
Subsequent Event [Line Items]
Purchase price	$ 45