Pluralsight 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2020	Oct. 30, 2020
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2020
Document Transition Report	false
Entity File Number	001-38498
Entity Registrant Name	PLURALSIGHT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-3605465
Entity Address, Address Line One	42 Future Way
Entity Address, City or Town	Draper
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84020
City Area Code	801
Local Phone Number	784-9007
Title of 12(b) Security	Class A Common Stock, $0.0001 par value per share
Trading Symbol	PS
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 Central Index Key	0001725579
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		145,694,625
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		119,624,728
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		12,669,110
Class C Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		13,400,787

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 100,882	$ 90,515
Short-term investments	304,077	332,234
Accounts receivable, net of allowances of $5,037 and $3,465 as of September 30, 2020 and December 31, 2019, respectively	76,492	101,576
Deferred contract acquisition costs	19,469	18,331
Prepaid expenses and other current assets	18,847	14,174
Total current assets	519,767	556,830
Restricted cash and cash equivalents	17,337	28,916
Long-term investments	114,623	105,805
Property and equipment, net	65,058	22,896
Right-of-use assets	61,719	15,804
Content library, net	11,880	8,958
Intangible assets, net	18,416	22,631
Goodwill	262,532	262,532
Deferred contract acquisition costs, noncurrent	8,317	5,982
Other assets	1,940	1,599
Total assets	1,081,589	1,031,953
Current liabilities:
Accounts payable	7,041	10,615
Accrued expenses	47,090	40,703
Accrued author fees	11,988	11,694
Lease liabilities	9,184	5,752
Deferred revenue	207,823	215,137
Total current liabilities	283,126	283,901
Deferred revenue, noncurrent	21,138	19,517
Convertible senior notes, net	490,355	470,228
Lease liabilities, noncurrent	75,393	11,167
Other liabilities	69	980
Total liabilities	870,081	785,793
Commitments and contingencies (Note 12)
Stockholders’ equity:
Preferred stock, $0.0001 par value per share, 100,000,000 shares authorized, no shares issued and outstanding as of September 30, 2020 and December 31, 2019	0	0
Additional paid-in capital	724,184	641,128
Accumulated other comprehensive income	1,166	225
Accumulated deficit	(550,990)	(458,381)
Total stockholders’ equity attributable to Pluralsight, Inc.	174,374	182,985
Non-controlling interests	37,134	63,175
Total stockholders’ equity	211,508	246,160
Total liabilities and stockholders’ equity	1,081,589	1,031,953
Allowance for doubtful accounts	$ 5,037	$ 3,465
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Class A Common Stock
Stockholders’ equity:
Common stock	$ 12	$ 10
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	119,381,936	104,083,271
Common stock, shares outstanding (in shares)	119,381,936	104,083,271
Class B Common Stock
Stockholders’ equity:
Common stock	$ 1	$ 2
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	12,813,383	23,211,418
Common stock, shares outstanding (in shares)	12,813,383	23,211,418
Class C Common Stock
Stockholders’ equity:
Common stock	$ 1	$ 1
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	13,296,350	14,269,199
Common stock, shares outstanding (in shares)	13,296,350	14,269,199

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Allowance for doubtful accounts	$ 5,037	$ 3,465
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
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
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	119,381,936	104,083,271
Common stock, shares outstanding (in shares)	119,381,936	104,083,271
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	12,813,383	23,211,418
Common stock, shares outstanding (in shares)	12,813,383	23,211,418
Class C Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	13,296,350	14,269,199
Common stock, shares outstanding (in shares)	13,296,350	14,269,199

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Statement [Abstract]
Revenue	$ 99,465	$ 82,620	$ 286,876	$ 228,099
Cost of revenue	20,426	17,829	59,151	52,344
Gross profit	79,039	64,791	227,725	175,755
Operating expenses:
Sales and marketing	57,206	55,797	177,380	150,014
Technology and content	29,345	27,847	89,003	72,937
General and administrative	20,366	20,844	66,733	63,610
Total operating expenses	106,917	104,488	333,116	286,561
Loss from operations	(27,878)	(39,697)	(105,391)	(110,806)
Other income (expense):
Interest expense	(7,409)	(7,412)	(21,799)	(16,436)
Loss on debt extinguishment	0	(950)	0	(950)
Other income, net	1,992	3,001	6,429	8,783
Loss before income taxes	(33,295)	(45,058)	(120,761)	(119,409)
Income tax expense	(476)	(404)	(253)	(701)
Net loss	(33,771)	(45,462)	(121,014)	(120,110)
Less: Net loss attributable to non-controlling interests	(6,410)	(12,983)	(28,405)	(39,429)
Net loss attributable to Pluralsight, Inc.	$ (27,361)	$ (32,479)	$ (92,609)	$ (80,681)
Net loss per share, basic and diluted (in dollars per share)	$ (0.24)	$ (0.32)	$ (0.85)	$ (0.88)
Weighted average shares of Class A common stock used in computing basic and diluted net loss per share (in shares)	115,196	101,407	109,009	91,741

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (33,771)	$ (45,462)	$ (121,014)	$ (120,110)
Other comprehensive income (loss):
Unrealized (losses) gains on investments	(193)	19	1,196	398
Foreign currency translation gains (losses), net	181	(90)	32	(79)
Comprehensive loss	(33,783)	(45,533)	(119,786)	(119,791)
Less: Comprehensive loss attributable to non-controlling interests	(6,434)	(13,002)	(28,118)	(39,336)
Comprehensive loss attributable to Pluralsight, Inc.	$ (27,349)	$ (32,531)	$ (91,668)	$ (80,455)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income	Accumulated Deficit	Non-Controlling Interests	Cumulative effect of accounting changes	Cumulative effect of accounting changesAccumulated Deficit	Cumulative effect of accounting changesNon-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2018		65,191,907	57,490,881	14,586,173
Beginning balance at Dec. 31, 2018	$ 208,593	$ 7	$ 6	$ 1	$ 456,899	$ (41)	$ (355,446)	$ 107,167	$ 19,996	$ 9,723	$ 10,273
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of exchanges of LLC Units (in shares)		33,536,262	(32,926,084)	(610,178)
Effect of exchanges of LLC Units	0	$ 3	$ (4)		59,158			(59,157)
Issuance of common stock under employee stock purchase plan (in shares)		621,463
Issuance of common stock under employee stock purchase plan	8,257				8,257
Vesting of restricted stock units (in shares)		1,835,633		313,767
Vesting of restricted stock units	0
Exercise of common stock options (in shares)		452,914
Exercise of common stock options	6,619				6,619
Forfeiture of unvested LLC Units (in shares)			(121,845)
Forfeiture of unvested LLC Units	0
Equity component of convertible senior notes, net of issuance costs	137,033				137,033
Purchase of capped calls related to issuance of convertible senior notes	(69,432)				(69,432)
Repurchases of equity component of convertible senior notes	(2,965)				(2,965)
Settlement of capped calls related to repurchases of convertible senior notes	1,284				1,284
Equity-based compensation	68,591				68,591
Adjustments to non-controlling interests	0				(49,825)			49,825
Other comprehensive income (loss)	319					226		93
Net loss	(120,110)						(80,681)	(39,429)
Ending balance (in shares) at Sep. 30, 2019		101,638,179	24,442,952	14,289,762
Ending balance at Sep. 30, 2019	258,185	$ 10	$ 2	$ 1	615,619	185	(426,404)	68,772
Beginning balance (in shares) at Jun. 30, 2019		101,096,472	24,664,113	14,186,856
Beginning balance at Jun. 30, 2019	280,145	$ 10	$ 2	$ 1	599,464	237	(393,925)	74,356
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of exchanges of LLC Units (in shares)		116,709	(116,709)
Effect of exchanges of LLC Units	0				238			(238)
Vesting of restricted stock units (in shares)		399,052		102,906
Vesting of restricted stock units	0
Exercise of common stock options (in shares)		25,946
Exercise of common stock options	245				245
Forfeiture of unvested LLC Units (in shares)			(104,452)
Forfeiture of unvested LLC Units	0
Repurchases of equity component of convertible senior notes	(2,965)				(2,965)
Settlement of capped calls related to repurchases of convertible senior notes	1,284				1,284
Equity-based compensation	25,009				25,009
Adjustments to non-controlling interests	0				(7,656)			7,656
Other comprehensive income (loss)	(71)					(52)		(19)
Net loss	(45,462)						(32,479)	(12,983)
Ending balance (in shares) at Sep. 30, 2019		101,638,179	24,442,952	14,289,762
Ending balance at Sep. 30, 2019	258,185	$ 10	$ 2	$ 1	615,619	185	(426,404)	68,772
Beginning balance (in shares) at Dec. 31, 2019		104,083,271	23,211,418	14,269,199
Beginning balance at Dec. 31, 2019	246,160	$ 10	$ 2	$ 1	641,128	225	(458,381)	63,175
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of exchanges of LLC Units (in shares)		11,683,854	(10,398,035)	(1,285,819)
Effect of exchanges of LLC Units	0	$ 1	$ (1)		18,086			(18,086)
Issuance of common stock under employee stock purchase plan (in shares)		629,927
Issuance of common stock under employee stock purchase plan	8,348				8,348
Vesting of restricted stock units (in shares)		2,526,331		312,970
Vesting of restricted stock units	$ 0	$ 1			(1)
Exercise of common stock options (in shares)	458,553	458,553
Exercise of common stock options	$ 6,393				6,393
Shares withheld for tax withholding on equity awards	(5,605)				(5,605)
Equity-based compensation	75,998				75,998
Adjustments to non-controlling interests	0				(20,163)			20,163
Other comprehensive income (loss)	1,228					941		287
Net loss	(121,014)						(92,609)	(28,405)
Ending balance (in shares) at Sep. 30, 2020		119,381,936	12,813,383	13,296,350
Ending balance at Sep. 30, 2020	211,508	$ 12	$ 1	$ 1	724,184	1,166	(550,990)	37,134
Beginning balance (in shares) at Jun. 30, 2020		111,875,235	19,366,038	13,191,913
Beginning balance at Jun. 30, 2020	219,678	$ 11	$ 2	$ 1	693,768	1,154	(523,629)	48,371
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Effect of exchanges of LLC Units (in shares)		6,552,655	(6,552,655)
Effect of exchanges of LLC Units	0	$ 1	$ (1)		10,033			(10,033)
Vesting of restricted stock units (in shares)		689,334		104,437
Vesting of restricted stock units	0
Exercise of common stock options (in shares)		264,712
Exercise of common stock options	3,863				3,863
Shares withheld for tax withholding on equity awards	(1,732)				(1,732)
Equity-based compensation	23,482				23,482
Adjustments to non-controlling interests	0				(5,230)			5,230
Other comprehensive income (loss)	(12)					12		(24)
Net loss	(33,771)						(27,361)	(6,410)
Ending balance (in shares) at Sep. 30, 2020		119,381,936	12,813,383	13,296,350
Ending balance at Sep. 30, 2020	$ 211,508	$ 12	$ 1	$ 1	$ 724,184	$ 1,166	$ (550,990)	$ 37,134

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net loss	$ (121,014)	$ (120,110)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation of property and equipment	8,866	6,996
Amortization of acquired intangible assets	4,235	3,044
Amortization of course creation costs	2,464	1,841
Equity-based compensation	76,217	67,657
Amortization of deferred contract acquisition costs	19,018	17,317
Amortization of debt discount and issuance costs	20,128	15,120
Investment discount and premium amortization, net	68	(1,771)
Loss on debt extinguishment	0	950
Other	589	(178)
Changes in assets and liabilities, net of acquired assets and liabilities:
Accounts receivable	23,512	1,858
Deferred contract acquisition costs	(22,491)	(18,668)
Prepaid expenses and other assets	(4,237)	(3,509)
Right-of-use assets	4,487	4,339
Accounts payable	(3,126)	(2,520)
Accrued expenses and other liabilities	6,880	5,188
Accrued author fees	293	1,292
Lease liabilities	(3,604)	(5,130)
Deferred revenue	(5,592)	22,461
Net cash provided by (used in) operating activities	6,693	(3,823)
Investing activities
Purchases of property and equipment	(31,226)	(7,619)
Purchases of content library	(5,596)	(3,822)
Cash paid for acquisition, net of cash acquired	0	(163,771)
Purchases of investments	(427,130)	(529,653)
Proceeds from sales of investments	0	4,967
Proceeds from maturities of investments	446,830	112,995
Net cash used in investing activities	(17,122)	(586,903)
Financing activities
Proceeds from issuance of common stock from employee equity plans	14,741	14,876
Taxes paid related to net share settlement	(5,605)	0
Proceeds from issuance of convertible senior notes, net of discount and issuance costs	0	616,654
Purchase of capped calls related to issuance of convertible senior notes	0	(69,432)
Repurchases of convertible senior notes	0	(35,000)
Proceeds from terminations of capped calls related to repurchases of convertible senior notes	0	1,284
Net cash provided by financing activities	9,136	528,382
Effect of exchange rate changes on cash, cash equivalents, and restricted cash and cash equivalents	81	(108)
Net decrease in cash, cash equivalents, and restricted cash and cash equivalents	(1,212)	(62,452)
Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period	119,431	211,071
Cash, cash equivalents, and restricted cash and cash equivalents, end of period	118,219	148,619
Supplemental cash flow disclosure:
Cash paid for interest	2,226	1,126
Cash paid for income taxes, net	1,191	539
Supplemental disclosure of non-cash investing and financing activities:
Lease liabilities arising from obtaining right-of-use assets and tenant improvements	70,313	3,147
Unpaid capital expenditures	2,671	752
Equity-based compensation capitalized as internal-use software	963	934
Unrealized gains on investments	1,196	398
Reconciliation of cash, cash equivalents, and restricted cash and cash equivalents as shown in the statement of cash flows:
Restricted cash and cash equivalents	17,337	27,748
Total cash, cash equivalents, and restricted cash and cash equivalents	$ 118,219	$ 148,619

Organization and Description of

Organization and Description of Business	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Description of Business	Organization and Description of Business Pluralsight, Inc. was incorporated as a Delaware corporation on December 4, 2017 as a holding company for the purpose of facilitating an initial public offering (“IPO”) and other related transactions in order to carry on the business of Pluralsight Holdings, LLC (“Pluralsight Holdings”) and its subsidiaries (together with Pluralsight, Inc., the “Company” or “Pluralsight”). In May 2018, Pluralsight, Inc. completed its IPO and used the net proceeds to purchase newly issued common limited liability company units (“LLC Units”) from Pluralsight Holdings. Following the reorganization transactions completed in connection with the IPO (“Reorganization Transactions”), Pluralsight, Inc. became the sole managing member of Pluralsight Holdings. As the sole managing member, Pluralsight, Inc. has the sole voting interest in Pluralsight Holdings and controls all of the business operations, affairs, and management of Pluralsight Holdings. Accordingly, Pluralsight, Inc. consolidates the financial results of Pluralsight Holdings and reports the non-controlling interests representing the economic interests held by the other members of Pluralsight Holdings. As of September 30, 2020, Pluralsight, Inc. owned 82.4% of Pluralsight Holdings and the members of Pluralsight Holdings who retained LLC Units prior to the IPO (the “Continuing Members”) owned the remaining 17.6% of Pluralsight Holdings. Pluralsight operates a cloud-based technology skills and engineering management platform that provides a broad range of tools for businesses and individuals, including skill assessments, a curated library of courses, learning paths, developer productivity metrics, and business analytics. As the sole managing member of Pluralsight Holdings, Pluralsight, Inc. operates and controls all of the business operations and affairs of Pluralsight.

Summary of Significant Accounti

Summary of Significant Accounting Policies and Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies and Recent Accounting Pronouncements	Summary of Significant Accounting Policies and Recent Accounting Pronouncements Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and the applicable regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2019 included in Pluralsight, Inc.’s Annual Report on Form 10-K/A, as filed with the SEC on March 2, 2020 (“Annual Report”). These unaudited condensed consolidated financial statements include the accounts of Pluralsight, Inc. and its directly and indirectly wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. As discussed in Note 1—Organization and Description of Business, Pluralsight, Inc. consolidates the financial results of Pluralsight Holdings as a Variable Interest Entity (“VIE”). The Company periodically evaluates entities for consolidation either through ownership of a majority voting interest, or through means other than a voting interest, in accordance with the VIE accounting model. Under the VIE accounting model, Pluralsight, Inc. is the primary beneficiary as it has the majority economic interest in Pluralsight Holdings, and, as the sole managing member, has decision making authority that significantly affects the economic performance of the entity, while the limited partners have no substantive kick-out or participating rights. The assets and liabilities of Pluralsight Holdings represent substantially all of the consolidated assets and liabilities of Pluralsight, Inc. with the exception of certain deferred taxes and liabilities under the Tax Receivable Agreement (“TRA”) as discussed in Note 15—Income Taxes and the obligations under the Company’s convertible senior notes discussed in Note 10—Convertible Senior Notes. Interim Unaudited Condensed Consolidated Financial Statements The accompanying condensed consolidated balance sheet as of September 30, 2020, and the condensed consolidated statements of operations, comprehensive loss, and stockholders’ equity, for the three and nine months ended September 30, 2020 and 2019, and the interim condensed consolidated statements of cash flows for the nine months ended September 30, 2020 and 2019, are unaudited. The condensed consolidated balance sheet as of December 31, 2019 was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. The interim unaudited condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring adjustments, necessary to state fairly the Company’s financial condition, its operations and cash flows for the periods presented. The historical results are not necessarily indicative of future results, and the results of operations for the three and nine months ended September 30, 2020 are not necessarily indicative of the results to be expected for the full year or any other period. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses for the reporting period. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to the determination of the fair value of equity awards, the fair value of the liability and equity components of the convertible senior notes, the fair value of identified assets and liabilities acquired in business combinations, the useful lives of property and equipment, content library and intangible assets, impairment of long-lived and intangible assets, including goodwill, provisions for doubtful accounts receivable, the standalone selling price (“SSP”) of performance obligations, the determination of the period of benefit for deferred contract acquisition costs, certain accrued expenses, including author fees, and the discount rate used in measuring lease liabilities. These estimates and assumptions are based on the Company’s historical results and management’s future expectations. Actual results could differ from those estimates. Significant Accounting Policies The Company’s significant accounting policies are discussed in Note 2—Summary of Significant Accounting Policies and Recent Accounting Pronouncements in the Annual Report. There have been no significant changes to these policies that have had a material impact on the Company’s unaudited condensed consolidated financial statements and related notes during the three months ended September 30, 2020, except as noted below. Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This ASU requires financial assets measured at amortized cost to be presented at the net amount expected to be collected. The measurement of credit losses for newly recognized financial assets and subsequent changes in the allowance for credit losses are recorded in the statements of operations. The allowance for credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The ASU also amends the impairment model for available-for-sale debt securities and requires any credit losses on available-for-sale debt securities to be presented as an allowance rather than as a write-down, with changes presented through earnings. The Company adopted the standard effective January 1, 2020 using the modified retrospective approach. The effect of the adoption was not material to the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which aligns the accounting for implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software under ASC 350-40, in order to determine which costs to capitalize and recognize as an asset. The Company adopted the standard prospectively effective January 1, 2020. As a result of the adoption, the Company capitalizes certain implementation costs that were previously expensed as incurred. These costs will be amortized to expense over the term of the hosting arrangement. The effect of adopting the standard was not material to the Company’s condensed consolidated financial statements for the three and nine months ended September 30, 2020. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740 and clarifies certain aspects of the current guidance to promote consistency among reporting entities. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The standard is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company early adopted the standard during the second quarter of 2020. The effect of adopting the standard was not material to the Company’s condensed consolidated financial statements for the three and nine months ended September 30, 2020. The standard removes the exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and other comprehensive income, as a result the Company was not required to apply the incremental approach for intraperiod tax allocation.

Revenue

Revenue	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Disaggregation of Revenue Subscription revenue accounted for approximately 97% and 95% of the Company’s revenue for the three months ended September 30, 2020 and 2019, respectively, and 97% for each of the nine months ended September 30, 2020 and 2019. Revenue by geographic region, based on the physical location of the customer, was as follows (dollars in thousands): Three Months Ended September 30, Growth 2020 2019 Rate Amount % Amount % % United States $ 60,283 61 % $ 51,869 63 % 16 % Europe, Middle East and Africa (1) 28,700 29 % 22,314 27 % 29 % Other foreign locations 10,482 10 % 8,437 10 % 24 % Total revenue $ 99,465 100 % $ 82,620 100 % Nine Months Ended September 30, Growth 2020 2019 Rate Amount % Amount % % United States $ 177,875 62 % $ 142,705 63 % 25 % Europe, Middle East and Africa (1) 80,950 28 % 62,204 27 % 30 % Other foreign locations 28,051 10 % 23,190 10 % 21 % Total revenue $ 286,876 100 % $ 228,099 100 % (1) Revenue from the United Kingdom represented 12% and 11% of revenue for the three months ended September 30, 2020 and 2019, respectively, and 12% and 11% of revenue for the nine months ended September 30, 2020, and 2019, respectively. No other foreign country accounted for 10% or more of revenue during the three and nine months ended September 30, 2020 and 2019. Revenue by type of customer, was as follows (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Business customers $ 87,030 $ 71,278 $ 251,072 $ 194,373 Individual customers 12,435 11,342 35,804 33,726 Total revenue $ 99,465 $ 82,620 $ 286,876 $ 228,099 Contract Balances Contract assets represent amounts for which the Company has recognized revenue, pursuant to the Company’s revenue recognition policy, for contracts that have not yet been invoiced to customers where there is a remaining performance obligation, typically for multi-year arrangements. Total contract assets were $2.7 million and $0.8 million as of September 30, 2020 and December 31, 2019, respectively. The change in contract assets reflects the difference in timing between the satisfaction of remaining performance obligations and the Company’s contractual right to bill its customers. Deferred revenue consists of contract liabilities and includes payments received in advance of performance under the contract. Such amounts are generally recognized as revenue over the contractual period. The Company recognized revenue that was included in the corresponding deferred revenue balance at the beginning of the period of $86.8 million and $70.9 million for the three months ended September 30, 2020 and 2019, respectively, and $187.7 million and $137.1 million for the nine months ended September 30, 2020 and 2019, respectively. Remaining Performance Obligations Remaining performance obligation represents contracted revenue that has not yet been recognized and includes deferred revenue and unbilled amounts that will be recognized as revenue in future periods. As of September 30, 2020, the aggregate amount of the transaction price allocated to remaining performance obligations was $325.0 million. The Company expects to recognize 71% of the transaction price over the next 12 months. Unbilled portions of the remaining performance obligation are subject to future economic risks including bankruptcies, regulatory changes and other market factors. Costs to Obtain a Contract The following table summarizes the activity of the deferred contract acquisition costs (in thousands): Nine Months Ended September 30, 2020 2019 Beginning balance $ 24,313 $ 20,212 Capitalization of contract acquisition costs 22,491 18,668 Amortization of deferred contract acquisition costs (19,018) (17,317) Ending balance $ 27,786 $ 21,563

Cash Equivalents and Investment

Cash Equivalents and Investments	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Cash Equivalents and Investments	Cash Equivalents and Investments Cash equivalents, restricted cash equivalents, and investments consisted of the following (in thousands): September 30, 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash equivalents Money market funds $ 75,409 $ — $ — $ 75,409 Short-term investments Commercial paper $ 24,449 $ — $ — $ 24,449 U.S. treasury securities 129,962 9 — 129,971 Corporate notes and obligations 141,268 880 (15) 142,133 Foreign government obligations 7,076 — — 7,076 Certificates of deposit 448 — — 448 Total short-term investments $ 303,203 $ 889 $ (15) $ 304,077 Restricted cash equivalents Money market funds $ 16,768 $ — $ — $ 16,768 Long-term investments Corporate notes and obligations $ 113,473 $ 741 $ (87) $ 114,127 Certificates of deposit 496 — — 496 Total long-term investments $ 113,969 $ 741 $ (87) $ 114,623 Total cash equivalents, restricted cash equivalents, and investments $ 509,349 $ 1,630 $ (102) $ 510,877 December 31, 2019 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash equivalents Money market funds $ 62,085 $ — $ — $ 62,085 Commercial paper 4,991 — — 4,991 Total cash equivalents $ 67,076 $ — $ — $ 67,076 Short-term investments Commercial paper $ 33,627 $ — $ — $ 33,627 U.S. treasury securities 149,353 53 — 149,406 Corporate notes and obligations 148,993 215 (7) 149,201 Total short-term investments $ 331,973 $ 268 $ (7) $ 332,234 Restricted cash equivalents Money market funds $ 28,371 $ — $ — $ 28,371 Long-term investments Corporate notes and obligations $ 78,353 $ 121 $ (46) $ 78,428 U.S. agency obligations 26,436 1 (4) 26,433 Certificates of deposit 944 — — 944 Total long-term investments $ 105,733 $ 122 $ (50) $ 105,805 Total cash equivalents, restricted cash equivalents, and investments $ 533,153 $ 390 $ (57) $ 533,486 The amortized cost and fair value of the Company’s investments based on their stated maturities consisted of the following as of September 30, 2020 (in thousands): Amortized Cost Fair Value Due within one year $ 303,203 $ 304,077 Due between one and two years 113,969 114,623 Total investments $ 417,172 $ 418,700 The Company reviews the individual securities that have unrealized losses in its investment portfolio on a regular basis to evaluate whether or not any declines in fair value are the result of credit losses. The Company evaluates, among other factors, whether it has the intention to sell any of these investments and whether it is more likely than not that it will be required to sell any of them before recovery of the amortized cost basis. Based on this evaluation, the Company determined that the unrealized losses were primarily related to investments in corporate notes and obligations, and were due to increases in credit spreads and temporary declines in liquidity for the asset class that were not specific to the underlying issuer of the investments. The Company does not intend to sell the investments with unrealized losses and it is not more likely than not that the Company will be required to sell its investments before the recovery of the amortized cost basis. As a result of this evaluation, no credit losses were recorded for investments as of September 30, 2020. The investments with unrealized loss positions have been in an unrealized loss position for less than 12 months.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company measures and records certain financial assets at fair value on a recurring basis. Fair value is based on 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 Company’s financial instruments that are measured at fair value on a recurring basis consist of money market funds and investments in available-for-sale debt securities. The following three levels of inputs are used to measure the fair value of financial instruments: Level 1: Quoted market prices in active markets for identical assets or liabilities. Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data. Level 3: Unobservable inputs that are not corroborated by market data. The fair value of the Company’s financial instruments was as follows (in thousands): September 30, 2020 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 75,409 $ — $ — $ 75,409 Short-term investments Commercial paper $ — $ 24,449 $ — $ 24,449 U.S. treasury securities — 129,971 — 129,971 Corporate notes and obligations — 142,133 — 142,133 Foreign government obligations — 7,076 — 7,076 Certificates of deposit — 448 — 448 Total short-term investments $ — $ 304,077 $ — $ 304,077 Restricted cash equivalents Money market funds $ 16,768 $ — $ — $ 16,768 Long-term investments Corporate notes and obligations $ — $ 114,127 $ — $ 114,127 Certificates of deposit — 496 — 496 Total long-term investments $ — $ 114,623 $ — $ 114,623 December 31, 2019 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 62,085 $ — $ — $ 62,085 Commercial paper — 4,991 — 4,991 Total cash equivalents $ 62,085 $ 4,991 $ — $ 67,076 Short-term investments Commercial paper $ — $ 33,627 $ — $ 33,627 U.S. treasury securities — 149,406 — 149,406 Corporate notes and obligations — 149,201 — 149,201 Total short-term investments $ — $ 332,234 $ — $ 332,234 Restricted cash equivalents Money market funds $ 28,371 $ — $ — $ 28,371 Long-term investments Corporate notes and obligations $ — $ 78,428 $ — $ 78,428 U.S. agency obligations — 26,433 — 26,433 Certificates of deposit — 944 — 944 Total long-term investments $ — $ 105,805 $ — $ 105,805 Convertible Senior Notes As of September 30, 2020, the estimated fair value of the Company’s convertible senior notes, with aggregate principal totaling $593.5 million, was $528.8 million. The Company estimates the fair value based on quoted market prices in an inactive market on the last trading day of the reporting period (Level 2). These convertible senior notes are recorded at face value less unamortized debt discount and transaction costs on the Company’s condensed consolidated balance sheet. Refer to Note 10—Convertible Senior Notes for further information. Fair Value of Other Financial Instruments

Balance Sheet Components

Balance Sheet Components	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Balance Sheet Components	Balance Sheet Components Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): September 30, 2020 December 31, 2019 Prepaid expenses $ 16,366 $ 11,469 Other current assets 2,481 2,705 Prepaid expenses and other current assets $ 18,847 $ 14,174 Accrued Expenses Accrued expenses consisted of the following (in thousands): September 30, 2020 December 31, 2019 Accrued compensation $ 30,691 $ 23,310 Accrued income and other taxes payable 6,988 7,116 Accrued other current liabilities 9,411 10,277 Accrued expenses $ 47,090 $ 40,703

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment, net consisted of the following (in thousands): September 30, 2020 December 31, 2019 Computer equipment $ 7,415 $ 9,047 Software 546 2,047 Capitalized internal-use software costs 24,272 23,021 Furniture and fixtures 2,732 5,826 Leasehold improvements 9,150 9,871 Construction in progress 48,019 4,427 Total property and equipment 92,134 54,239 Less: Accumulated depreciation (27,076) (31,343) Property and equipment, net $ 65,058 $ 22,896 Depreciation expense totaled $3.0 million and $2.4 million for the three months ended September 30, 2020 and 2019, respectively, and $8.9 millions and $7.0 million for the nine months ended September 30, 2020 and 2019, respectively.

Acquisition of GitPrime, Inc.

Acquisition of GitPrime, Inc.	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisition of GitPrime, Inc.	Acquisition of GitPrime, Inc. On May 9, 2019, the Company completed the acquisition of GitPrime, Inc. (“GitPrime”), a leading provider of software developer productivity software. Under the terms of the agreement, the Company acquired all of the outstanding stock of GitPrime for approximately $163.8 million in cash, excluding cash acquired and including working capital adjustments. The Company accounted for the transaction as a business combination using the acquisition method of accounting. The Company allocated the purchase price to the tangible and identifiable intangible assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition date. The excess of the purchase consideration over the fair value of the net tangible and identifiable intangible assets acquired was recorded as goodwill. The goodwill is attributable to GitPrime’s assembled workforce and synergies acquired, and is not deductible for income tax purposes. The following table summarizes the acquisition date fair values of assets acquired and liabilities assumed at the date of acquisition (in thousands): Fair Value Cash and cash equivalents $ 5,290 Accounts receivable 1,798 Other assets acquired 207 Property and equipment 223 Right-of-use assets 549 Goodwill 139,413 Intangible assets 24,800 Lease liabilities (549) Deferred revenue (1,367) Other liabilities assumed (1,303) Total fair value of net assets acquired $ 169,061 The useful lives, primarily based on the period of benefit to the Company, and fair values of the identifiable intangible assets at acquisition date were as follows: Fair Value of Intangible Assets Acquired Useful Lives Technology $ 24,000 5 years Customer relationships 800 4 years Total fair value of intangible assets acquired $ 24,800 The fair value of the technology acquired in the acquisition was determined using the excess earnings model and the customer relationships acquired was determined using a distributor model. These models utilize certain unobservable inputs, including discounted cash flows, historical and projected financial information, customer attrition rates, and technology obsolescence rates, classified as Level 3 measurements as defined by Fair Value Measurement (Topic 820). The Company engaged third-party valuation specialists to assist in management’s analysis of the fair value of the acquired intangibles. All estimates, key assumptions, and forecasts were reviewed by the Company. While the Company chose to utilize a third-party valuation specialist for assistance, the fair value analysis and related valuations reflect the conclusions of management and not those of any third party. During the year ended December 31, 2019, the Company incurred acquisition costs of $0.8 million. These costs include legal and accounting fees, and other costs directly related to the acquisition and are classified within general and administrative expenses in the Company’s consolidated statements of operations. Unaudited Pro Forma Information The following unaudited pro forma information has been prepared for illustrative purposes only and assumes the acquisition occurred on January 1, 2018. It includes pro forma adjustments related to the amortization of acquired intangible assets, equity-based compensation expense, adjustments for ASC 606, and fair value adjustments for deferred revenue. The unaudited pro forma results have been prepared based on estimates and assumptions, which management believes are reasonable, however, the results are not necessarily indicative of the consolidated results of operations had the acquisition occurred on January 1, 2018, or of future results of operations (in thousands, except per share amounts): Three Months Ended Nine Months Ended Revenue $ 82,620 $ 231,989 Net loss (45,462) (125,518) Net loss per share, basic and diluted $ (0.32) $ (0.91)

Intangible Assets

Intangible Assets	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible Assets Intangible assets, net are summarized as follows (in thousands): September 30, 2020 Gross Accumulated Net Book Content library: Acquired content library $ 32,835 $ 32,807 $ 28 Course creation costs 22,585 10,733 11,852 Total $ 55,420 $ 43,540 $ 11,880 Intangible assets: Technology $ 28,500 $ 10,644 $ 17,856 Trademarks 120 120 — Noncompetition agreements 320 320 — Customer relationships 3,550 3,029 521 Domain names 39 — 39 Total $ 32,529 $ 14,113 $ 18,416 December 31, 2019 Gross Accumulated Net Book Content library: Acquired content library $ 32,835 $ 32,780 $ 55 Course creation costs 17,717 8,814 8,903 Total $ 50,552 $ 41,594 $ 8,958 Intangible assets: Technology $ 28,500 $ 6,585 $ 21,915 Trademarks 162 162 — Noncompetition agreements 390 390 — Customer relationships 3,550 2,879 671 Database 40 40 — Domain names 45 — 45 Total $ 32,687 $ 10,056 $ 22,631 Intangible assets are amortized using the straight-line method over the estimated useful lives. Amortization expense of acquired intangible assets was $1.4 million for the three months ended September 30, 2020 and 2019, and $4.2 million and $3.0 million for the nine months ended September 30, 2020 and 2019, respectively. Amortization expense of course creation costs was $0.9 million and $0.7 million for the three months ended September 30, 2020 and 2019, respectively, and $2.5 million and $1.8 million for the nine months ended September 30, 2020 and 2019, respectively. Based on the recorded content library and intangible assets at September 30, 2020, estimated amortization expense is expected to be as follows (in thousands): Year Ending December 31, Amortization 2020 (remaining three months) 2,286 2021 8,848 2022 7,990 2023 7,330 2024 3,370 2025 433 Total $ 30,257

Convertible Senior Notes

Convertible Senior Notes	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Convertible Senior Notes	Convertible Senior Notes Convertible Senior Notes In March 2019, Pluralsight, Inc. issued $633.5 million aggregate principal amount of 0.375% convertible senior notes due in 2024 (the “Notes”), in a private placement to qualified institutional buyers exempt from registration under the Securities Act. The net proceeds from the issuance of the Notes were $616.7 million after deducting the initial purchasers’ discounts and estimated issuance costs. The Notes are governed by an indenture (the “Indenture”) between the Company, as the issuer, and U.S. Bank National Association, as trustee. The Notes are Pluralsight, Inc.’s senior unsecured obligations and rank senior in right of payment to any of its indebtedness that is expressly subordinated in right of payment to the Notes; equal in right of payment to any of the Company’s unsecured indebtedness then existing and future liabilities that are not so subordinated; effectively junior in right of payment to any of the Company’s secured indebtedness, to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) of its subsidiaries. The Indenture does not contain any financial covenants or restrictions on the payments of dividends, the incurrence of indebtedness, or the issuance or repurchase of securities by the Company or any of its subsidiaries. The Notes mature on March 1, 2024 unless earlier repurchased or converted. Interest is payable semi-annually in arrears on March 1 and September 1 of each year. The Notes have an initial conversion rate of 25.8023 shares of the Company’s Class A common stock per $1,000 principal amount of Notes, which is equivalent to an initial conversion price of approximately $38.76 per share of its Class A common stock and is subject to adjustment if certain events occur. Following certain corporate events that occur prior to the maturity date, the Company will increase the conversion rate for a holder who elects to convert its Notes in connection with such corporate event. Additionally, upon the occurrence of a corporate event that constitutes a “fundamental change” per the Indenture, holders of the Notes may require the Company to repurchase for cash all or a portion of their Notes at a purchase price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest. Holders of the Notes may convert all or any portion of their Notes at any time prior to the close of business on December 1, 2023, in integral multiples of $1,000 principal amount, only under the following circumstances: • During any calendar quarter commencing after the calendar quarter ended on June 30, 2019 (and only during such calendar quarter), if the last reported sale price of the Company’s Class A common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; • During the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price as defined in the Indenture per $1,000 principal amount of Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company’s Class A common stock and the conversion rate on each such trading day; or • Upon the occurrence of specified corporate events described in the Indenture. These events include a change in control transaction, or a recapitalization, liquidation, or delisiting of the Company’s Class A common stock. On or after December 1, 2023, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their Notes at the conversion rate at any time irrespective of the foregoing conditions. Upon conversion, holders will receive cash, shares of the Company’s Class A common stock or a combination of cash and shares of Class A common stock, at the Company’s election. During the three months ended September 30, 2020, the conditions allowing holders of the Notes to convert were not met. The Notes are therefore not currently convertible and are classified as long-term debt. The Company accounts for the Notes as separate liability and equity components. The Company determined the carrying amount of the liability component as the present value of its cash flows using a discount rate of approximately 5.5% based on comparable debt transactions for similar companies. The estimated interest rate was applied to the Notes, which resulted in a fair value of the liability component of $492.7 million upon issuance, calculated as the present value of future contractual payments based on the $633.5 million aggregate principal amount. The excess of the principal amount of the liability component over its carrying amount, or the debt discount, is amortized to interest expense over the term of the Notes using the effective interest method. The $140.8 million difference between the gross proceeds received from issuance of the Notes of $633.5 million and the estimated fair value of the liability component represents the equity component, or the conversion option, of the Notes and was recorded in additional paid-in capital. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. The Company allocated issuance costs related to the issuance of the Notes to the liability and equity components using the same proportions as the initial carrying value of the Notes. Issuance costs attributable to the liability component were $13.1 million and are being amortized to interest expense using the effective interest method over the term of the Notes. Issuance costs attributable to the equity components were $3.7 million and are netted with the equity component of the Notes in stockholders’ equity on the condensed consolidated balance sheets. In September 2019, Pluralsight, Inc. repurchased a total of $40.0 million in aggregate principal of its Notes for approximately $35.0 million in cash. The Company first allocated the cash paid to repurchase the Notes to the liability component based on the estimated fair value of that component immediately prior to the extinguishment. The difference between the fair value of the liability component and the carrying value of the repurchased Notes resulted in a loss on debt extinguishment of $1.0 million. The remaining consideration of approximately $3.0 million was allocated to the reacquisition of the equity component and recorded as a reduction of stockholders’ equity. The net carrying value of the liability component of the Notes was as follows (in thousands): September 30, 2020 Principal $ 593,500 Less: Unamortized debt discount (94,362) Less: Unamortized issuance costs (8,783) Net carrying amount $ 490,355 The net carrying value of the equity component of the Notes was as follows (in thousands): September 30, 2020 Proceeds allocated to the conversion option (debt discount) $ 140,776 Less: Issuance costs (3,743) Less: Reacquisition of conversion option related to the repurchases of convertible senior notes (2,965) Net carrying amount $ 134,068 The interest expense recognized related to the Notes was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Contractual interest expense $ 556 $ 585 $ 1,669 $ 1,311 Amortization of debt issuance costs and discount 6,853 6,826 20,128 15,120 Total $ 7,409 $ 7,411 $ 21,797 $ 16,431 Capped Calls In connection with the offering of the Notes, the Company entered into privately-negotiated capped call transactions (“Capped Calls”) with certain counterparties. The Capped Calls each have an initial strike price of approximately $38.76 per share, subject to certain adjustments, which corresponds to the initial conversion price of the Notes. The Capped Calls have initial cap prices of $58.50 per share, subject to certain adjustments. As of September 30, 2020, the Capped Calls cover, subject to anti-dilution adjustments, 15,313,665 shares of the Company’s Class A common stock. The Capped Calls are generally intended to reduce or offset the potential dilution from shares of Class A common stock issued upon any conversion of the Notes with such reduction or offset, as the case may be, subject to a cap based on the cap price. As the Capped Call transactions are considered indexed to the Company’s own stock and are considered equity classified, they are recorded in stockholders’ equity and are not accounted for as derivatives. The cost of $69.4 million incurred in connection with the Capped Calls was recorded as a reduction to additional paid-in capital on the condensed consolidated balance sheets. In connection with the repurchase of the convertible senior notes in September 2019, the Company terminated a portion of its existing Capped Calls that cover 1,032,092 shares of the Company’s Class A common stock, which corresponds to the number of shares underlying the principal amount of Notes that were repurchased. The Company received proceeds of $1.3 million in connection with the portion of the Capped Calls that were terminated in September 2019. Intercompany Convertible Promissory Note with Pluralsight Holdings In connection with the issuance of the Notes, Pluralsight, Inc. entered into an intercompany convertible promissory note with Pluralsight Holdings, whereby Pluralsight, Inc. provided the net proceeds from the issuance of the Notes to Pluralsight Holdings. The terms of the convertible promissory note mirror the terms of the Notes issued by Pluralsight, Inc. The intent of the convertible promissory note is to maintain the parity of shares of Class A common stock with LLC Units as required by the LLC Agreement in order to preserve the Company’s legal structure. This note was amended in September 2019 in connection with the Repurchase. All effects of the convertible promissory note on the condensed consolidated financial statements have been eliminated in consolidation.

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	Leases The Company leases office space under non-cancellable operating leases with lease terms expiring between 2020 and 2035. These leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain of these leases also include renewal options at the election of the Company to renew or extend the lease for an additional three The Company performed evaluations of its contracts and determined that each of its identified leases are operating leases. The components of operating lease expense were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Operating lease expense $ 3,335 $ 1,570 $ 7,402 $ 4,536 Variable lease expense 630 97 945 241 Short-term lease expense 182 221 640 307 Total lease expense $ 4,147 $ 1,888 $ 8,987 $ 5,084 Variable lease expense consists of the Company’s proportionate share of operating expenses, property taxes, and insurance and is classified as lease expense due to the Company’s election to not separate lease and non-lease components. Cash paid for amounts included in the measurement of operating lease liabilities for the three months ended September 30, 2020 and 2019 was $1.7 million and $1.4 million, respectively, and $5.2 million and $4.1 million for the nine months ended September 30, 2020 and 2019, respectively, and was included in net cash used in operating activities in the consolidated statements of cash flows. As of September 30, 2020, the maturities of the Company’s operating lease liabilities were as follows (in thousands): Year Ending December 31, 2020 (remaining three months) $ 1,508 2021 11,892 2022 11,858 2023 11,370 2024 10,633 Thereafter 100,176 Total lease payments 147,437 Less: Imputed interest (62,860) Lease liabilities $ 84,577 As of September 30, 2020, the weighted average remaining lease term is 13.2 years and the weighted average discount rate used to determine operating lease liabilities was 8.3%. The Company has various sublease agreements with third parties. These subleases have remaining lease terms of up to two years. Sublease income, which is recorded within other income, was $0.1 million during the three months ended September 30, 2020 and 2019. In August 2018, the Company entered into a non-cancellable lease agreement to rent office space for the Company’s headquarters in Draper, Utah for a period of 15 years. In May 2020, certain construction milestones were met and as a result the lease agreement was amended to establish the rent commencement date and define the basic rent for the lease beginning in July 2020. At the lease commencement date, the Company classified the lease as an operating lease and recorded a lease liability of $70.3 million with a corresponding right-of-use asset and an increase to property and equipment for tenant improvements that were deemed lease incentives. The lease liability was measured using an estimated incremental borrowing rate derived from comparable market data. The lease agreement provides the Company with three extension periods of five years each. The Company did not include these extension periods in the lease term as the extension options are not reasonably certain to be exercised. In connection with the lease agreement, the Company is required to maintain a deposit of $16.0 million with a financial institution for the benefit of the landlord to secure the Company’s obligations under the lease. The deposit is recorded within restricted cash and cash equivalents on the condensed consolidated balance sheets. The lease agreement provides for both a partial and full release of the deposit funds to the Company, provided the Company meets certain liquidity and other financial conditions. Additionally, as of September 30, 2020 and December 31, 2019, the Company recorded a deposit of $0.7 million and $11.6 million, respectively, into restricted cash and cash equivalents on its condensed consolidated balance sheet for use in constructing tenant improvements in connection with the Draper headquarters.
Leases	Leases The Company leases office space under non-cancellable operating leases with lease terms expiring between 2020 and 2035. These leases require monthly lease payments that may be subject to annual increases throughout the lease term. Certain of these leases also include renewal options at the election of the Company to renew or extend the lease for an additional three The Company performed evaluations of its contracts and determined that each of its identified leases are operating leases. The components of operating lease expense were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Operating lease expense $ 3,335 $ 1,570 $ 7,402 $ 4,536 Variable lease expense 630 97 945 241 Short-term lease expense 182 221 640 307 Total lease expense $ 4,147 $ 1,888 $ 8,987 $ 5,084 Variable lease expense consists of the Company’s proportionate share of operating expenses, property taxes, and insurance and is classified as lease expense due to the Company’s election to not separate lease and non-lease components. Cash paid for amounts included in the measurement of operating lease liabilities for the three months ended September 30, 2020 and 2019 was $1.7 million and $1.4 million, respectively, and $5.2 million and $4.1 million for the nine months ended September 30, 2020 and 2019, respectively, and was included in net cash used in operating activities in the consolidated statements of cash flows. As of September 30, 2020, the maturities of the Company’s operating lease liabilities were as follows (in thousands): Year Ending December 31, 2020 (remaining three months) $ 1,508 2021 11,892 2022 11,858 2023 11,370 2024 10,633 Thereafter 100,176 Total lease payments 147,437 Less: Imputed interest (62,860) Lease liabilities $ 84,577 As of September 30, 2020, the weighted average remaining lease term is 13.2 years and the weighted average discount rate used to determine operating lease liabilities was 8.3%. The Company has various sublease agreements with third parties. These subleases have remaining lease terms of up to two years. Sublease income, which is recorded within other income, was $0.1 million during the three months ended September 30, 2020 and 2019. In August 2018, the Company entered into a non-cancellable lease agreement to rent office space for the Company’s headquarters in Draper, Utah for a period of 15 years. In May 2020, certain construction milestones were met and as a result the lease agreement was amended to establish the rent commencement date and define the basic rent for the lease beginning in July 2020. At the lease commencement date, the Company classified the lease as an operating lease and recorded a lease liability of $70.3 million with a corresponding right-of-use asset and an increase to property and equipment for tenant improvements that were deemed lease incentives. The lease liability was measured using an estimated incremental borrowing rate derived from comparable market data. The lease agreement provides the Company with three extension periods of five years each. The Company did not include these extension periods in the lease term as the extension options are not reasonably certain to be exercised. In connection with the lease agreement, the Company is required to maintain a deposit of $16.0 million with a financial institution for the benefit of the landlord to secure the Company’s obligations under the lease. The deposit is recorded within restricted cash and cash equivalents on the condensed consolidated balance sheets. The lease agreement provides for both a partial and full release of the deposit funds to the Company, provided the Company meets certain liquidity and other financial conditions. Additionally, as of September 30, 2020 and December 31, 2019, the Company recorded a deposit of $0.7 million and $11.6 million, respectively, into restricted cash and cash equivalents on its condensed consolidated balance sheet for use in constructing tenant improvements in connection with the Draper headquarters.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Letters of Credit As of September 30, 2020 and December 31, 2019, the Company had a total of $2.1 million in letters of credit outstanding with financial institutions. These outstanding letters of credit were issued for purposes of securing certain of the Company’s obligations under facility leases. Other Commitments The Company has also entered into certain non-cancellable agreements primarily related to cloud infrastructure and software subscriptions in the ordinary course of business. There have been no material changes in the Company’s commitments and contingencies, as disclosed in the Annual Report. Legal Proceedings In August 2019, a class action complaint was filed by a stockholder of the Company in the U.S. District Court for the Southern District of New York against the Company, and certain of the Company’s officers alleging violation of securities laws and seeking unspecified damages. In October 2019, the action was transferred to the U.S. District Court for the District of Utah and in March 2020, a lead plaintiff was appointed. An amended complaint was filed in June 2020. The amended complaint names us as defendants, along with certain of the Company’s officers, members of the Board of Directors, and Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC, the lead underwriters from the Company’s March 2019 common stock offering. The Company filed a motion to dismiss the amended complaint on August 14, 2020. The Company believes this suit is without merit and intends to defend it vigorously. The Company is unable to estimate a range of loss, if any, that could result were there to be an adverse final decision. If an unfavorable outcome were to occur, it is possible that the impact could be material to the Company’s results of operations in the period(s) in which any such outcome becomes probable and estimable. In March 2020, a derivative lawsuit was filed by a shareholder in the United States District Court for the District of Delaware as an outgrowth of the aforementioned class action. It includes as defendants certain of the Company’s officers and the Board of Directors, alleging violations of fiduciary duties to the Company. The Company is named as a nominal defendant. On May 18, 2020, the Court entered a stipulated order that stays the derivative lawsuit until the class action is dismissed with prejudice, the defendants’ motion to dismiss the class action complaint is denied, or the defendants file an answer to the class action complaint. The Company is involved in other legal proceedings from time to time arising in the normal course of business. The Company is unable to estimate a range of loss, if any, that could result were there to be an adverse final decision. Management believes that the outcome of these proceedings will not have a material impact on the Company’s financial condition, results of operations, or liquidity. Warranties and Indemnification The performance of the Company’s cloud-based technology skills platform is typically warranted to perform in a manner consistent with general industry standards that are reasonably applicable. The Company’s contractual arrangements generally include certain provisions for indemnifying customers against liabilities if its products or services infringe a third-party’s intellectual property rights. In addition, the Company has some contractual arrangements with provisions for indemnifying customers against liabilities in the case of breaches of the Company’s platform or the other systems or networks used in the Company’s business, including those of vendors, contractors, or others with which the Company has strategic relationships. To date, the Company has not incurred any material costs as a result of such obligations and has not accrued any material liabilities related to such obligations in the accompanying condensed consolidated financial statements. The Company has also agreed to indemnify its directors and executive officers for costs associated with any fees, expenses, judgments, fines, and settlement amounts incurred by any of these persons in any action or proceeding to which any of those persons is, or is threatened to be, made a party by reason of the person’s service as a director or officer, including any action by the Company, arising out of that person’s services as the Company’s director or officer or that person’s services provided to any other company or enterprise at the Company’s request. The Company maintains director and officer insurance coverage that would generally enable the Company to recover a portion of any future amounts paid. The Company may also be subject to indemnification obligations by law with respect to the actions of its employees under certain circumstances and in certain jurisdictions.

Non-Controlling Interests

Non-Controlling Interests	9 Months Ended
	Sep. 30, 2020
Noncontrolling Interest [Abstract]
Non-Controlling Interests	Non-Controlling InterestsIn connection with the Reorganization Transactions, Pluralsight, Inc. became the sole managing member of Pluralsight Holdings and as a result consolidates the results of operations of Pluralsight Holdings. The non-controlling interests balance represents the economic interests of the LLC Units held by other members of Pluralsight Holdings. As these members exchange these LLC Units for shares of Class A common stock, these LLC Units are then owned by Pluralsight, Inc. and a portion of the non-controlling interests balance is reclassified to additional paid-in capital. During the three months ended September 30, 2020, the adjustments to the non-controlling interests were primarily related to equity-based compensation and the issuance and settlement of equity-based awards. Income or loss is attributed to the non-controlling interests based on the weighted-average ownership percentages of LLC Units outstanding during the period, excluding LLC Units that are subject to time-based vesting requirements. As of September 30, 2020, the non-controlling interests of Pluralsight Holdings owned 17.6% of the outstanding LLC Units, with the remaining 82.4% owned by Pluralsight, Inc. The ownership of the LLC Units is summarized as follows: September 30, 2020 December 31, 2019 Units Ownership % Units Ownership % Pluralsight, Inc.’s ownership of LLC Units 119,381,936 82.4 % 104,083,271 74.3 % LLC Units owned by the Continuing Members (1) 25,421,392 17.6 % 35,936,804 25.7 % 144,803,328 100.0 % 140,020,075 100.0 % (1) Excludes 688,341 and 1,543,813 LLC Units still subject to time-based vesting requirements as of September 30, 2020 and December 31, 2019, respectively.

Equity-Based Compensation

Equity-Based Compensation	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Equity-Based Compensation	Equity-Based Compensation Equity Incentive Plans In June 2017, Pluralsight Holdings adopted the 2017 Equity Incentive Plan (“2017 Plan”) and issued RSUs to employees. In connection with the IPO, the 2017 Plan was terminated. In May 2018, Pluralsight, Inc. adopted the 2018 Equity Incentive Plan (“2018 Plan”). The 2018 Plan provides for the grant of nonstatutory stock options, restricted stock, RSUs, stock appreciation rights, performance units, and performance shares to employees, directors, and consultants of the Company. The number of shares available for issuance under the 2018 Plan also includes an annual increase on the first day of each fiscal year, equal to the lesser of: (i) 14,900,000 shares, (ii) 5.0% of the outstanding shares of capital stock as of the last day of the immediately preceding fiscal year, or (iii) a lower number of shares determined by the 2018 Plan administrator. The number of shares available under the 2018 Plan also includes shares under the 2017 Plan that expire, terminate, are forfeited or repurchased by the Company, or are withheld by the Company to cover tax withholding obligations. As of September 30, 2020, a total of 19,937,719 shares were available for issuance under the 2018 Plan. Stock Options In connection with the IPO, the Company granted to employees stock options under the 2018 Plan to purchase shares of Class A common stock at an exercise price equal to the IPO price of $15.00 per share. As of September 30, 2020, these options have fully vested. In connection with the GitPrime acquisition, the stock options granted to GitPrime employees under GitPrime’s 2015 and 2018 Equity Incentive Plans were replaced with options to purchase shares of the Company’s Class A common stock, subject to appropriate adjustments to the number of shares issuable pursuant to such options and the exercise price of such options as provided in the Merger Agreement. The options are subject to time-based vesting conditions and continue to vest over the remaining vesting period of the original award ranging from two The following table summarizes the stock option activity for the nine months ended September 30, 2020: Stock Options Outstanding Weighted- Weighted- Aggregate Intrinsic Value Outstanding as of December 31, 2019 4,361,718 $ 14.55 Granted — — Exercised (458,553) 13.94 Forfeited or cancelled (20,581) 6.17 Outstanding as of September 30, 2020 3,882,584 $ 14.67 7.6 $ 9.6 Vested and exercisable as of September 30, 2020 3,821,085 $ 14.88 7.6 $ 8.6 The total intrinsic value of options exercised during the nine months ended September 30, 2020 was $3.0 million. As of September 30, 2020, the total unrecognized equity-based compensation cost related to the stock options was $1.9 million, which is expected to be recognized over a weighted-average period of 1.6 years. RSUs The Company has granted RSUs to employees under the 2018 Plan and previously under the 2017 Plan. RSUs represent the right to receive shares of Pluralsight Inc.’s Class A common stock at a specified future date. Restricted share units of Pluralsight Holdings under the 2017 Plan are subject to both a service condition and a liquidity condition, whereas RSUs under the 2018 Plan are generally subject to service conditions only. The service conditions are generally satisfied over four years, whereby 25% of the share units satisfy this condition on the first anniversary of the grant date and then ratably on a quarterly basis thereafter through the end of the vesting period. The liquidity condition for RSUs granted under the 2017 Plan is deemed a performance condition and was satisfied upon the expiration of the lock-up period following the IPO. RSUs with both performance and service conditions, including shares issued under the 2017 Plan, are recognized using the accelerated attribution method. RSUs issued under the 2018 Plan are primarily subject to service conditions only and are recognized over the remaining requisite service period using the straight-line attribution method. Under the 2017 Plan, all restricted share units granted were initially restricted share units of Pluralsight Holdings. In connection with the IPO, all restricted share units were converted into RSUs of Pluralsight, Inc., except for restricted share units of Pluralsight Holdings that convey the right to receive LLC Units and corresponding shares of Class C common stock of Pluralsight, Inc. upon vesting. The activity for RSUs of Pluralsight, Inc. and restricted share units of Pluralsight Holdings for the nine months ended September 30, 2020 was as follows: Number of Weighted-Average RSUs of Pluralsight, Inc.: Balance at December 31, 2019 7,672,038 $ 22.71 Granted 6,833,790 19.17 Forfeited or cancelled (1,012,966) 21.62 Vested (2,595,661) 23.33 Balance at September 30, 2020 10,897,201 $ 20.45 Restricted Share Units of Pluralsight Holdings: Balance at December 31, 2019 1,312,500 $ 8.24 Vested (562,500) 8.24 Balance at September 30, 2020 750,000 $ 8.24 As of September 30, 2020, the total unrecognized equity-based compensation cost related to the RSUs, including the restricted share units of Pluralsight Holdings, was $179.4 million, which is expected to be recognized over a weighted-average period of 2.9 years. 401(k) Equity Match In May 2020, the Compensation Committee of the Board of Directors of Pluralsight, Inc. approved the issuance of Class A common shares to pay the Company’s 401(k) matching contributions to employees during the year ended December 31, 2020. The Company's matching contribution is equal to 50% of eligible wages contributed up to a maximum of 6%. As of September 30, 2020, the Company had recorded a matching liability of $1.3 million that is expected to be settled in shares of Class A common stock on a quarterly basis. Employee Stock Purchase Plan In May 2018, Pluralsight Inc.’s Board of Directors adopted the ESPP. The number of shares of Class A common stock available for issuance under the ESPP will be increased on the first day of each fiscal year equal to the lesser of: (i) 2,970,000 shares of Class A common stock, (ii) 1.5% of the outstanding shares of all classes of common stock of the Company on the last day of the immediately preceding fiscal year, or (iii) an amount determined by the plan administrator. As of September 30, 2020, the total number of shares available for issuance under the ESPP was 4,386,452. The ESPP generally provides for consecutive overlapping 24-month offering periods comprised of four six-month purchase periods. The offering periods are scheduled to start on the first trading day on or after May 31 and November 30 of each year. The ESPP permits participants to elect to purchase shares of Class A common stock through fixed contributions from eligible compensation paid during each purchase period during an offering period, provided that this fixed contribution amount will not exceed $12,500. A participant may purchase a maximum of 5,000 shares during each purchase period. Amounts deducted and accumulated by the participant will be used to purchase shares of Class A common stock at the end of each purchase period. The purchase price of the shares will be 85% of the lower of the fair market value of Class A common stock on the first trading day of each offering period or on the purchase date. If the fair market value of the common stock on any purchase date within an offering period is lower than the stock price as of the beginning of the offering period, the offering period will immediately reset after the purchase of shares on such purchase date and participants will automatically be re-enrolled in a new offering period. Participants may end their participation at any time during an offering period and will be paid their accrued contributions that have not yet been used to purchase shares of common stock. Participation ends automatically upon termination of employment. As of September 30, 2020, a total of 1,835,746 shares were issuable to employees based on contribution elections made under the ESPP. As of September 30, 2020, total unrecognized equity-based compensation costs was $14.1 million, which is expected to be recognized over a weighted-average period of 1.5 years. ESPP employee payroll contributions accrued at September 30, 2020 and December 31, 2019 totaled $5.7 million and $1.6 million, respectively, and are included within accrued expenses in the condensed consolidated balance sheets. Employee payroll contributions ultimately used to purchase shares under the ESPP will be reclassified to stockholders’ equity at the end of the purchase period. Incentive Unit Plan The Company granted incentive units of Pluralsight Holdings to certain employees and directors prior to its IPO pursuant to the Incentive Unit Plan (“2013 Plan”). In connection with the Reorganization Transactions and the IPO, the 2013 Plan was terminated and all outstanding incentive units were converted into LLC Units of Pluralsight Holdings. In addition, certain holders elected to exchange LLC Units for shares of Class A common stock of Pluralsight, Inc. Shares of Class A common stock and LLC Units issued as a result of the exchange or conversion of unvested incentive units remain subject to the same time-based vesting requirements that existed prior to the Reorganization Transactions, and as such the Company continues to record equity-based compensation expense for unvested awards. The activity of unvested LLC Units during the nine months ended September 30, 2020 was as follows: Unvested Units Weighted- Unvested LLC Units outstanding—December 31, 2019 1,543,813 $ 8.72 Vested (855,472) 8.68 Unvested LLC Units outstanding—September 30, 2020 688,341 $ 8.78 As of September 30, 2020, total unrecognized equity-based compensation related to all unvested LLC Units was $4.7 million, which is expected to be recognized over a weighted-average period of 0.8 years. The total fair value of LLC Units vested during the nine months ended September 30, 2020 was $15.5 million. Equity-Based Compensation Expense Equity-based compensation expense was classified as follows in the accompanying condensed consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Cost of revenue $ 312 $ 138 $ 878 $ 355 Sales and marketing 10,908 8,739 31,308 22,967 Technology and content 6,361 6,666 19,581 15,513 General and administrative 6,633 9,114 24,450 28,822 Total equity-based compensation $ 24,214 $ 24,657 $ 76,217 $ 67,657

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Pluralsight, Inc. is the sole managing member of Pluralsight Holdings, which is treated as a partnership for U.S. federal and most applicable state and local income tax purposes. As a partnership, Pluralsight Holdings is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by Pluralsight Holdings is passed through to, and included in, the taxable income or loss of its members, including Pluralsight, Inc., on a pro rata basis, except as otherwise provided under Section 704 of the Internal Revenue Code. Pluralsight, Inc. is subject to U.S. federal income taxes, in addition to state and local income taxes with respect to its allocable share of any taxable income of Pluralsight Holdings. The Company is also subject to taxes in foreign jurisdictions. The tax provision for interim periods is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of its annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The quarterly tax provision and estimate of the Company’s annual effective tax rate are subject to variation due to several factors including variability in pre-tax income (or loss), the mix of jurisdictions to which such income relates, changes in how the Company conducts business, and tax law developments. For the three months ended September 30, 2020 and 2019 the Company’s estimated effective tax rate was (1.4)% and (0.9)%, respectively. For the nine months ended September 30, 2020 and 2019 the Company’s estimated effective tax rate was (0.2)% and (0.6)%, respectively. The variations between the Company’s estimated effective tax rate and the U.S. statutory rate are primarily due to the portion of the Company’s earnings (or loss) attributable to non-controlling interests and the domestic valuation allowance. In addition, a portion of the Company’s state valuation allowance was released as a result of the Company meeting the conditions to file a unitary tax return in certain state jurisdictions, resulting in a reduction of income tax expense during the nine months ended September 30, 2020. The Company is subject to income tax in the U.S. as well as other tax jurisdictions in which the Company operates. The provision for income taxes consists primarily of income taxes and withholding taxes in foreign jurisdictions in which the Company conducts business. The Company’s U.S. operations have resulted in losses, and as such, the Company maintains a valuation allowance against substantially all its U.S. deferred tax assets. While the Company believes its current valuation allowance is appropriate, the Company assesses the need for an adjustment to the valuation allowance on a quarterly basis. The assessment is based on estimates of future sources of taxable income for the jurisdictions in which the Company operates and the periods over which deferred tax assets will be realizable. In the event the Company determines that it will be able to realize all or part of its net deferred tax assets in the future, all or part of the valuation allowance will be released in the period in which the Company makes such determination. The release of all or part of the valuation allowance against deferred tax assets may cause greater volatility in the effective tax rate in the periods in which it is released. Tax Receivable Agreement On the date of the IPO, the Company entered into a Tax Receivable Agreement (“TRA”) with Continuing Members that provides for a payment to the Continuing Members of 85% of the amount of tax benefits, if any, that Pluralsight, Inc. realizes, or is deemed to realize as a result of redemptions or exchanges of LLC Units. During the nine months ended September 30, 2020, certain Continuing Members exchanged 11,683,854 LLC Units for shares of Class A common stock. The Company has concluded that, based on applicable accounting standards, it is more-likely-than-not that its deferred tax assets subject to the TRA will not be realized; therefore, the Company has not recorded a TRA liability related to the tax savings it may realize from the utilization of deferred tax assets arising from the exchanges that have occurred through September 30, 2020. The total unrecorded TRA liability as of September 30, 2020 is approximately $333.8 million.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net loss $ (33,771) $ (45,462) $ (121,014) $ (120,110) Less: Net loss attributable to non-controlling interests (6,410) (12,983) (28,405) (39,429) Net loss attributable to Pluralsight, Inc. $ (27,361) $ (32,479) $ (92,609) $ (80,681) Denominator: Weighted-average shares of Class A common stock outstanding, basic and diluted 115,196 101,407 109,009 91,741 Net loss per share: Net loss per share, basic and diluted $ (0.24) $ (0.32) $ (0.85) $ (0.88) Shares of Class B and Class C common stock do not share in the earnings or losses of Pluralsight and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B and Class C common stock under the two-class method has not been presented. During the three and nine months ended September 30, 2020, the Company incurred net losses and, therefore, the effect of the Company’s potentially dilutive securities were not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following table contains outstanding share/unit totals with a potentially dilutive impact (in thousands): September 30, 2020 LLC Units held by Continuing Members 26,110 Stock options 3,883 RSUs of Pluralsight, Inc. 10,897 Restricted Share Units of Pluralsight Holdings 750 Purchase rights committed under the ESPP 1,836 Total 43,476 The Notes will not have an impact on the Company’s diluted earnings per share until the average market share price of Class A common stock exceeds the conversion price of $58.50 per share, as the Company intends and has the ability to settle the principal amount of the Notes in cash upon conversion. The Company is required under the treasury stock method to compute the potentially dilutive shares of common stock related to the Notes for periods it reports net income. However, upon conversion, until the average market price of the Company’s common stock exceeds the cap price of $58.50 per share, exercise of the Capped Calls will mitigate dilution from the Notes from the conversion price up to the cap price. Capped Calls are excluded from the calculation of diluted earnings per share, as they would be antidilutive under the treasury stock method.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The Company utilizes an aircraft owned by the Company’s Chief Executive Officer on an as-needed basis. The Company has agreed to reimburse the Chief Executive Officer for use of the private aircraft for business purposes at an hourly rate per flight hour. The reimbursement rate was approved by the Company’s Board of Directors based upon a review of comparable chartered aircraft rates. The Company accrued less than $0.1 million as of September 30, 2020 and approximately $0.3 million as of December 31, 2019 included within accrued expenses on the condensed consolidated balance sheets. A total of $0.5 million and $0.7 million has been paid under the arrangement during the nine months ended September 30, 2020 and 2019, respectively. Tax Receivable Agreement On the date of the IPO, the Company entered into a TRA with Continuing Members that provides for a payment to the Continuing Members of 85% of the amount of tax benefits, if any, that Pluralsight, Inc. realizes, or is deemed to realize as a result of redemptions or exchanges of LLC Units. As discussed in Note 15—Income Taxes, no amounts were paid or payable to

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On October 9, 2020, the Company entered into a Membership Interest Purchase Agreement to acquire DevelopIntelligence, LLC, a provider of strategic skills consulting and virtual instructor-led training. The Company paid preliminary cash consideration of $38.0 million on the closing date. The final consideration is subject to certain revenue-based earnout performance targets during an earn-out period that ends on December 31, 2021. The purchase price is also subject to certain working capital adjustments that are expected to be finalized within 120 days of the closing date. The Company is evaluating the fair value of the contingent consideration and the estimated fair values of the assets and liabilities acquired. As a result, the Company cannot reasonably estimate all of the effects of the acquisition on its consolidated financial statements at this time.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies and Recent Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and the applicable regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the related notes thereto as of and for the year ended December 31, 2019 included in Pluralsight, Inc.’s Annual Report on Form 10-K/A, as filed with the SEC on March 2, 2020 (“Annual Report”).
Consolidation	These unaudited condensed consolidated financial statements include the accounts of Pluralsight, Inc. and its directly and indirectly wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. As discussed in Note 1—Organization and Description of Business, Pluralsight, Inc. consolidates the financial results of Pluralsight Holdings as a Variable Interest Entity (“VIE”). The Company periodically evaluates entities for consolidation either through ownership of a majority voting interest, or through means other than a voting interest, in accordance with the VIE accounting model. Under the VIE accounting model, Pluralsight, Inc. is the primary beneficiary as it has the majority economic interest in Pluralsight Holdings, and, as the sole managing member, has decision making authority that significantly affects the economic performance of the entity, while the limited partners have no substantive kick-out or participating rights. The assets and liabilities of Pluralsight Holdings represent substantially all of the consolidated assets and liabilities of Pluralsight, Inc. with the exception of certain deferred taxes and liabilities under the Tax Receivable Agreement (“TRA”) as discussed in Note 15—Income Taxes and the obligations under the Company’s convertible senior notes discussed in Note 10—Convertible Senior Notes.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses for the reporting period. On an ongoing basis, the Company evaluates its estimates, including, but not limited to, those related to the determination of the fair value of equity awards, the fair value of the liability and equity components of the convertible senior notes, the fair value of identified assets and liabilities acquired in business combinations, the useful lives of property and equipment, content library and intangible assets, impairment of long-lived and intangible assets, including goodwill, provisions for doubtful accounts receivable, the standalone selling price (“SSP”) of performance obligations, the determination of the period of benefit for deferred contract acquisition costs, certain accrued expenses, including author fees, and the discount rate used in measuring lease liabilities. These estimates and assumptions are based on the Company’s historical results and management’s future expectations. Actual results could differ from those estimates.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This ASU requires financial assets measured at amortized cost to be presented at the net amount expected to be collected. The measurement of credit losses for newly recognized financial assets and subsequent changes in the allowance for credit losses are recorded in the statements of operations. The allowance for credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. The ASU also amends the impairment model for available-for-sale debt securities and requires any credit losses on available-for-sale debt securities to be presented as an allowance rather than as a write-down, with changes presented through earnings. The Company adopted the standard effective January 1, 2020 using the modified retrospective approach. The effect of the adoption was not material to the Company’s condensed consolidated financial statements. In August 2018, the FASB issued ASU 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract, which aligns the accounting for implementation costs incurred in a hosting arrangement that is a service contract with the accounting for implementation costs incurred to develop or obtain internal-use software under ASC 350-40, in order to determine which costs to capitalize and recognize as an asset. The Company adopted the standard prospectively effective January 1, 2020. As a result of the adoption, the Company capitalizes certain implementation costs that were previously expensed as incurred. These costs will be amortized to expense over the term of the hosting arrangement. The effect of adopting the standard was not material to the Company’s condensed consolidated financial statements for the three and nine months ended September 30, 2020. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which simplifies the accounting for income taxes, eliminates certain exceptions within ASC 740 and clarifies certain aspects of the current guidance to promote consistency among reporting entities. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The standard is effective for interim and annual periods beginning after December 15, 2020, with early adoption permitted. The Company early adopted the standard during the second quarter of 2020. The effect of adopting the standard was not material to the Company’s condensed consolidated financial statements for the three and nine months ended September 30, 2020. The standard removes the exception to the incremental approach for intraperiod tax allocation when there is a loss from continuing operations and other comprehensive income, as a result the Company was not required to apply the incremental approach for intraperiod tax allocation. Accounting Pronouncements Not Yet Adopted In August 2020, the FASB issued ASU 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 ASU removes certain separation models in ASC 470-20 for convertible instruments, and, as a result, embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under ASC 815. Consequently, a convertible debt instrument, such as the Company's convertible senior notes, will be accounted for as a single liability measured at its amortized
Fair Value Measurements	The Company measures and records certain financial assets at fair value on a recurring basis. Fair value is based on 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.

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	Revenue by geographic region, based on the physical location of the customer, was as follows (dollars in thousands): Three Months Ended September 30, Growth 2020 2019 Rate Amount % Amount % % United States $ 60,283 61 % $ 51,869 63 % 16 % Europe, Middle East and Africa (1) 28,700 29 % 22,314 27 % 29 % Other foreign locations 10,482 10 % 8,437 10 % 24 % Total revenue $ 99,465 100 % $ 82,620 100 % Nine Months Ended September 30, Growth 2020 2019 Rate Amount % Amount % % United States $ 177,875 62 % $ 142,705 63 % 25 % Europe, Middle East and Africa (1) 80,950 28 % 62,204 27 % 30 % Other foreign locations 28,051 10 % 23,190 10 % 21 % Total revenue $ 286,876 100 % $ 228,099 100 % (1) Revenue from the United Kingdom represented 12% and 11% of revenue for the three months ended September 30, 2020 and 2019, respectively, and 12% and 11% of revenue for the nine months ended September 30, 2020, and 2019, respectively. No other foreign country accounted for 10% or more of revenue during the three and nine months ended September 30, 2020 and 2019. Revenue by type of customer, was as follows (dollars in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Business customers $ 87,030 $ 71,278 $ 251,072 $ 194,373 Individual customers 12,435 11,342 35,804 33,726 Total revenue $ 99,465 $ 82,620 $ 286,876 $ 228,099
Schedule of Deferred Contract Acquisition Costs Activity	The following table summarizes the activity of the deferred contract acquisition costs (in thousands): Nine Months Ended September 30, 2020 2019 Beginning balance $ 24,313 $ 20,212 Capitalization of contract acquisition costs 22,491 18,668 Amortization of deferred contract acquisition costs (19,018) (17,317) Ending balance $ 27,786 $ 21,563

Cash Equivalents and Investme_2

Cash Equivalents and Investments (Tables)	9 Months Ended
	Sep. 30, 2020
Investments, Debt and Equity Securities [Abstract]
Schedule of Cash Equivalents, Short-term and Long-term Investments	Cash equivalents, restricted cash equivalents, and investments consisted of the following (in thousands): September 30, 2020 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash equivalents Money market funds $ 75,409 $ — $ — $ 75,409 Short-term investments Commercial paper $ 24,449 $ — $ — $ 24,449 U.S. treasury securities 129,962 9 — 129,971 Corporate notes and obligations 141,268 880 (15) 142,133 Foreign government obligations 7,076 — — 7,076 Certificates of deposit 448 — — 448 Total short-term investments $ 303,203 $ 889 $ (15) $ 304,077 Restricted cash equivalents Money market funds $ 16,768 $ — $ — $ 16,768 Long-term investments Corporate notes and obligations $ 113,473 $ 741 $ (87) $ 114,127 Certificates of deposit 496 — — 496 Total long-term investments $ 113,969 $ 741 $ (87) $ 114,623 Total cash equivalents, restricted cash equivalents, and investments $ 509,349 $ 1,630 $ (102) $ 510,877 December 31, 2019 Amortized Cost Unrealized Gains Unrealized Losses Fair Value Cash equivalents Money market funds $ 62,085 $ — $ — $ 62,085 Commercial paper 4,991 — — 4,991 Total cash equivalents $ 67,076 $ — $ — $ 67,076 Short-term investments Commercial paper $ 33,627 $ — $ — $ 33,627 U.S. treasury securities 149,353 53 — 149,406 Corporate notes and obligations 148,993 215 (7) 149,201 Total short-term investments $ 331,973 $ 268 $ (7) $ 332,234 Restricted cash equivalents Money market funds $ 28,371 $ — $ — $ 28,371 Long-term investments Corporate notes and obligations $ 78,353 $ 121 $ (46) $ 78,428 U.S. agency obligations 26,436 1 (4) 26,433 Certificates of deposit 944 — — 944 Total long-term investments $ 105,733 $ 122 $ (50) $ 105,805 Total cash equivalents, restricted cash equivalents, and investments $ 533,153 $ 390 $ (57) $ 533,486
Schedule of Investments Based on Stated Maturities	The amortized cost and fair value of the Company’s investments based on their stated maturities consisted of the following as of September 30, 2020 (in thousands): Amortized Cost Fair Value Due within one year $ 303,203 $ 304,077 Due between one and two years 113,969 114,623 Total investments $ 417,172 $ 418,700

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The fair value of the Company’s financial instruments was as follows (in thousands): September 30, 2020 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 75,409 $ — $ — $ 75,409 Short-term investments Commercial paper $ — $ 24,449 $ — $ 24,449 U.S. treasury securities — 129,971 — 129,971 Corporate notes and obligations — 142,133 — 142,133 Foreign government obligations — 7,076 — 7,076 Certificates of deposit — 448 — 448 Total short-term investments $ — $ 304,077 $ — $ 304,077 Restricted cash equivalents Money market funds $ 16,768 $ — $ — $ 16,768 Long-term investments Corporate notes and obligations $ — $ 114,127 $ — $ 114,127 Certificates of deposit — 496 — 496 Total long-term investments $ — $ 114,623 $ — $ 114,623 December 31, 2019 Level 1 Level 2 Level 3 Total Cash equivalents Money market funds $ 62,085 $ — $ — $ 62,085 Commercial paper — 4,991 — 4,991 Total cash equivalents $ 62,085 $ 4,991 $ — $ 67,076 Short-term investments Commercial paper $ — $ 33,627 $ — $ 33,627 U.S. treasury securities — 149,406 — 149,406 Corporate notes and obligations — 149,201 — 149,201 Total short-term investments $ — $ 332,234 $ — $ 332,234 Restricted cash equivalents Money market funds $ 28,371 $ — $ — $ 28,371 Long-term investments Corporate notes and obligations $ — $ 78,428 $ — $ 78,428 U.S. agency obligations — 26,433 — 26,433 Certificates of deposit — 944 — 944 Total long-term investments $ — $ 105,805 $ — $ 105,805

Balance Sheet Components (Table

Balance Sheet Components (Tables)	9 Months Ended
	Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Prepaid and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): September 30, 2020 December 31, 2019 Prepaid expenses $ 16,366 $ 11,469 Other current assets 2,481 2,705 Prepaid expenses and other current assets $ 18,847 $ 14,174
Schedule of Accrued Expenses	Accrued expenses consisted of the following (in thousands): September 30, 2020 December 31, 2019 Accrued compensation $ 30,691 $ 23,310 Accrued income and other taxes payable 6,988 7,116 Accrued other current liabilities 9,411 10,277 Accrued expenses $ 47,090 $ 40,703

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2020
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consisted of the following (in thousands): September 30, 2020 December 31, 2019 Computer equipment $ 7,415 $ 9,047 Software 546 2,047 Capitalized internal-use software costs 24,272 23,021 Furniture and fixtures 2,732 5,826 Leasehold improvements 9,150 9,871 Construction in progress 48,019 4,427 Total property and equipment 92,134 54,239 Less: Accumulated depreciation (27,076) (31,343) Property and equipment, net $ 65,058 $ 22,896

Acquisition of GitPrime, Inc. (

Acquisition of GitPrime, Inc. (Tables)	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Schedule of Acquisition Date Fair Values of Assets Acquired and Liabilities Assumed	The following table summarizes the acquisition date fair values of assets acquired and liabilities assumed at the date of acquisition (in thousands): Fair Value Cash and cash equivalents $ 5,290 Accounts receivable 1,798 Other assets acquired 207 Property and equipment 223 Right-of-use assets 549 Goodwill 139,413 Intangible assets 24,800 Lease liabilities (549) Deferred revenue (1,367) Other liabilities assumed (1,303) Total fair value of net assets acquired $ 169,061
Schedule of Identifiable Intangible Assets Fair Value and Useful Lives	The useful lives, primarily based on the period of benefit to the Company, and fair values of the identifiable intangible assets at acquisition date were as follows: Fair Value of Intangible Assets Acquired Useful Lives Technology $ 24,000 5 years Customer relationships 800 4 years Total fair value of intangible assets acquired $ 24,800
Schedule of Unaudited Pro Forma Information	The unaudited pro forma results have been prepared based on estimates and assumptions, which management believes are reasonable, however, the results are not necessarily indicative of the consolidated results of operations had the acquisition occurred on January 1, 2018, or of future results of operations (in thousands, except per share amounts): Three Months Ended Nine Months Ended Revenue $ 82,620 $ 231,989 Net loss (45,462) (125,518) Net loss per share, basic and diluted $ (0.32) $ (0.91)

Intangible Assets (Tables)

Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	Intangible assets, net are summarized as follows (in thousands): September 30, 2020 Gross Accumulated Net Book Content library: Acquired content library $ 32,835 $ 32,807 $ 28 Course creation costs 22,585 10,733 11,852 Total $ 55,420 $ 43,540 $ 11,880 Intangible assets: Technology $ 28,500 $ 10,644 $ 17,856 Trademarks 120 120 — Noncompetition agreements 320 320 — Customer relationships 3,550 3,029 521 Domain names 39 — 39 Total $ 32,529 $ 14,113 $ 18,416 December 31, 2019 Gross Accumulated Net Book Content library: Acquired content library $ 32,835 $ 32,780 $ 55 Course creation costs 17,717 8,814 8,903 Total $ 50,552 $ 41,594 $ 8,958 Intangible assets: Technology $ 28,500 $ 6,585 $ 21,915 Trademarks 162 162 — Noncompetition agreements 390 390 — Customer relationships 3,550 2,879 671 Database 40 40 — Domain names 45 — 45 Total $ 32,687 $ 10,056 $ 22,631
Schedule of Indefinite-Lived Intangible Assets	Intangible assets, net are summarized as follows (in thousands): September 30, 2020 Gross Accumulated Net Book Content library: Acquired content library $ 32,835 $ 32,807 $ 28 Course creation costs 22,585 10,733 11,852 Total $ 55,420 $ 43,540 $ 11,880 Intangible assets: Technology $ 28,500 $ 10,644 $ 17,856 Trademarks 120 120 — Noncompetition agreements 320 320 — Customer relationships 3,550 3,029 521 Domain names 39 — 39 Total $ 32,529 $ 14,113 $ 18,416 December 31, 2019 Gross Accumulated Net Book Content library: Acquired content library $ 32,835 $ 32,780 $ 55 Course creation costs 17,717 8,814 8,903 Total $ 50,552 $ 41,594 $ 8,958 Intangible assets: Technology $ 28,500 $ 6,585 $ 21,915 Trademarks 162 162 — Noncompetition agreements 390 390 — Customer relationships 3,550 2,879 671 Database 40 40 — Domain names 45 — 45 Total $ 32,687 $ 10,056 $ 22,631
Schedule of Estimated Amortization Expense	Based on the recorded content library and intangible assets at September 30, 2020, estimated amortization expense is expected to be as follows (in thousands): Year Ending December 31, Amortization 2020 (remaining three months) 2,286 2021 8,848 2022 7,990 2023 7,330 2024 3,370 2025 433 Total $ 30,257

Convertible Senior Notes (Table

Convertible Senior Notes (Tables)	9 Months Ended
	Sep. 30, 2020
Debt Disclosure [Abstract]
Schedule of Convertible Senior Notes Liability and Equity Components, and Interest Expense Recognized	The net carrying value of the liability component of the Notes was as follows (in thousands): September 30, 2020 Principal $ 593,500 Less: Unamortized debt discount (94,362) Less: Unamortized issuance costs (8,783) Net carrying amount $ 490,355 The net carrying value of the equity component of the Notes was as follows (in thousands): September 30, 2020 Proceeds allocated to the conversion option (debt discount) $ 140,776 Less: Issuance costs (3,743) Less: Reacquisition of conversion option related to the repurchases of convertible senior notes (2,965) Net carrying amount $ 134,068 The interest expense recognized related to the Notes was as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Contractual interest expense $ 556 $ 585 $ 1,669 $ 1,311 Amortization of debt issuance costs and discount 6,853 6,826 20,128 15,120 Total $ 7,409 $ 7,411 $ 21,797 $ 16,431

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Schedule of Components of Operating Lease Expense	The Company performed evaluations of its contracts and determined that each of its identified leases are operating leases. The components of operating lease expense were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Operating lease expense $ 3,335 $ 1,570 $ 7,402 $ 4,536 Variable lease expense 630 97 945 241 Short-term lease expense 182 221 640 307 Total lease expense $ 4,147 $ 1,888 $ 8,987 $ 5,084
Schedule of Maturities of Operating Lease Liabilities	As of September 30, 2020, the maturities of the Company’s operating lease liabilities were as follows (in thousands): Year Ending December 31, 2020 (remaining three months) $ 1,508 2021 11,892 2022 11,858 2023 11,370 2024 10,633 Thereafter 100,176 Total lease payments 147,437 Less: Imputed interest (62,860) Lease liabilities $ 84,577

Non-Controlling Interests (Tabl

Non-Controlling Interests (Tables)	9 Months Ended
	Sep. 30, 2020
Noncontrolling Interest [Abstract]
Ownership of the LLC Units	The ownership of the LLC Units is summarized as follows: September 30, 2020 December 31, 2019 Units Ownership % Units Ownership % Pluralsight, Inc.’s ownership of LLC Units 119,381,936 82.4 % 104,083,271 74.3 % LLC Units owned by the Continuing Members (1) 25,421,392 17.6 % 35,936,804 25.7 % 144,803,328 100.0 % 140,020,075 100.0 %

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-based Compensation, Stock Options, Activity	The following table summarizes the stock option activity for the nine months ended September 30, 2020: Stock Options Outstanding Weighted- Weighted- Aggregate Intrinsic Value Outstanding as of December 31, 2019 4,361,718 $ 14.55 Granted — — Exercised (458,553) 13.94 Forfeited or cancelled (20,581) 6.17 Outstanding as of September 30, 2020 3,882,584 $ 14.67 7.6 $ 9.6 Vested and exercisable as of September 30, 2020 3,821,085 $ 14.88 7.6 $ 8.6
Schedule of Share-based Compensation, Restricted Stock Units Award Activity	The activity for RSUs of Pluralsight, Inc. and restricted share units of Pluralsight Holdings for the nine months ended September 30, 2020 was as follows: Number of Weighted-Average RSUs of Pluralsight, Inc.: Balance at December 31, 2019 7,672,038 $ 22.71 Granted 6,833,790 19.17 Forfeited or cancelled (1,012,966) 21.62 Vested (2,595,661) 23.33 Balance at September 30, 2020 10,897,201 $ 20.45 Restricted Share Units of Pluralsight Holdings: Balance at December 31, 2019 1,312,500 $ 8.24 Vested (562,500) 8.24 Balance at September 30, 2020 750,000 $ 8.24
Schedule of Share-based Compensation, Performance Shares Award Activity	The activity of unvested LLC Units during the nine months ended September 30, 2020 was as follows: Unvested Units Weighted- Unvested LLC Units outstanding—December 31, 2019 1,543,813 $ 8.72 Vested (855,472) 8.68 Unvested LLC Units outstanding—September 30, 2020 688,341 $ 8.78
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	Equity-based compensation expense was classified as follows in the accompanying condensed consolidated statements of operations (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Cost of revenue $ 312 $ 138 $ 878 $ 355 Sales and marketing 10,908 8,739 31,308 22,967 Technology and content 6,361 6,666 19,581 15,513 General and administrative 6,633 9,114 24,450 28,822 Total equity-based compensation $ 24,214 $ 24,657 $ 76,217 $ 67,657

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents the calculation of basic and diluted net loss per share (in thousands, except per share amounts): Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator: Net loss $ (33,771) $ (45,462) $ (121,014) $ (120,110) Less: Net loss attributable to non-controlling interests (6,410) (12,983) (28,405) (39,429) Net loss attributable to Pluralsight, Inc. $ (27,361) $ (32,479) $ (92,609) $ (80,681) Denominator: Weighted-average shares of Class A common stock outstanding, basic and diluted 115,196 101,407 109,009 91,741 Net loss per share: Net loss per share, basic and diluted $ (0.24) $ (0.32) $ (0.85) $ (0.88)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table contains outstanding share/unit totals with a potentially dilutive impact (in thousands): September 30, 2020 LLC Units held by Continuing Members 26,110 Stock options 3,883 RSUs of Pluralsight, Inc. 10,897 Restricted Share Units of Pluralsight Holdings 750 Purchase rights committed under the ESPP 1,836 Total 43,476

Organization and Description _2

Organization and Description of Business (Details) - Pluralsight Holdings	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Subsidiary, Sale of Stock [Line Items]
Ownership interest	100.00%	100.00%
Continuing Members
Subsidiary, Sale of Stock [Line Items]
Ownership interest	17.60%	25.70%
Pluralsight, Inc.
Subsidiary, Sale of Stock [Line Items]
Ownership interest	82.40%	74.30%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies and Recent Accounting Pronouncements - Narrative (Details) $ in Millions	Sep. 30, 2020USD ($)
Accounting Policies [Abstract]
Discount on convertible notes	$ 94.4

Revenue - Narrative (Details)

Revenue - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Contract assets	$ 2.7		$ 2.7		$ 0.8
Revenue recognized	$ 86.8	$ 70.9	$ 187.7	$ 137.1
Product Concentration Risk | Revenue | Subscription Accounts
Disaggregation of Revenue [Line Items]
Revenue, percent	97.00%	95.00%	97.00%	97.00%

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 99,465	$ 82,620	$ 286,876	$ 228,099
Business customers
Disaggregation of Revenue [Line Items]
Revenue	87,030	71,278	251,072	194,373
Individual customers
Disaggregation of Revenue [Line Items]
Revenue	$ 12,435	$ 11,342	$ 35,804	$ 33,726
Revenue | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue, percent	100.00%	100.00%	100.00%	100.00%
United States
Disaggregation of Revenue [Line Items]
Revenue	$ 60,283	$ 51,869	$ 177,875	$ 142,705
Growth rate	16.00%		25.00%
United States | Revenue | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue, percent	61.00%	63.00%	62.00%	63.00%
Europe, Middle East And Africa
Disaggregation of Revenue [Line Items]
Revenue	$ 28,700	$ 22,314	$ 80,950	$ 62,204
Growth rate	29.00%		30.00%
Europe, Middle East And Africa | Revenue | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue, percent	29.00%	27.00%	28.00%	27.00%
Other foreign locations
Disaggregation of Revenue [Line Items]
Revenue	$ 10,482	$ 8,437	$ 28,051	$ 23,190
Growth rate	24.00%		21.00%
Other foreign locations | Revenue | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Revenue, percent	10.00%	10.00%	10.00%	10.00%
United Kingdom
Disaggregation of Revenue [Line Items]
Revenue, percent	12.00%	11.00%	12.00%	11.00%

Revenue - Remaining Performance

Revenue - Remaining Performance Obligations (Details) $ in Millions	Sep. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 325
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 325
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percent of remaining performance obligations to be recognized	71.00%
Period for satisfaction of remaining performance obligation	12 months

Revenue - Summary of Deferred C

Revenue - Summary of Deferred Contract Acquisition Costs Activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Contract with Customer, Asset and Liability [Roll Forward]
Beginning balance	$ 24,313	$ 20,212
Capitalization of contract acquisition costs	22,491	18,668
Amortization of deferred contract acquisition costs	(19,018)	(17,317)
Ending balance	$ 27,786	$ 21,563

Cash Equivalents and Investme_3

Cash Equivalents and Investments - Schedule of Cash Equivalents, Short-term and Long-term Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 509,349	$ 533,153
Unrealized Gains	1,630	390
Unrealized Losses	(102)	(57)
Fair Value	510,877	533,486
Cash equivalents
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		67,076
Unrealized Gains		0
Unrealized Losses		0
Fair Value		67,076
Cash equivalents | Money market funds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	75,409	62,085
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	75,409	62,085
Cash equivalents | Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		4,991
Unrealized Gains		0
Unrealized Losses		0
Fair Value		4,991
Short-term investments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	303,203	331,973
Unrealized Gains	889	268
Unrealized Losses	(15)	(7)
Fair Value	304,077	332,234
Short-term investments | Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	24,449	33,627
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	24,449	33,627
Short-term investments | U.S. treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	129,962	149,353
Unrealized Gains	9	53
Unrealized Losses	0	0
Fair Value	129,971	149,406
Short-term investments | Corporate notes and obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	141,268	148,993
Unrealized Gains	880	215
Unrealized Losses	(15)	(7)
Fair Value	142,133	149,201
Short-term investments | Foreign government obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	7,076
Unrealized Gains	0
Unrealized Losses	0
Fair Value	7,076
Short-term investments | Certificates of deposit
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	448
Unrealized Gains	0
Unrealized Losses	0
Fair Value	448
Restricted cash equivalents | Money market funds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	16,768	28,371
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	16,768	28,371
Long-term investments
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	113,969	105,733
Unrealized Gains	741	122
Unrealized Losses	(87)	(50)
Fair Value	114,623	105,805
Long-term investments | Corporate notes and obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	113,473	78,353
Unrealized Gains	741	121
Unrealized Losses	(87)	(46)
Fair Value	114,127	78,428
Long-term investments | U.S. agency obligations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		26,436
Unrealized Gains		1
Unrealized Losses		(4)
Fair Value		26,433
Long-term investments | Certificates of deposit
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	496	944
Unrealized Gains	0	0
Unrealized Losses	0	0
Fair Value	$ 496	$ 944

Cash Equivalents and Investme_4

Cash Equivalents and Investments - Schedule of Investments by Maturity (Details) $ in Thousands	Sep. 30, 2020USD ($)
Amortized Cost
Due within one year	$ 303,203
Due between one and two years	113,969
Fair Value
Due within one year	304,077
Due between one and two years	114,623
Investments
Amortized Cost
Amortized Cost	417,172
Fair Value
Fair Value	$ 418,700

Cash Equivalents and Investme_5

Cash Equivalents and Investments - Narrative (Details)	9 Months Ended
	Sep. 30, 2020USD ($)
Investments, Debt and Equity Securities [Abstract]
Other-than temporary impairments	$ 0

Fair Value Measurements - Fair

Fair Value Measurements - Fair Value of Financial Instruments (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		$ 67,076
Commercial paper	$ 304,077	332,234
Long-term investments	114,623	105,805
Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	75,409	62,085
Restricted cash equivalents	16,768	28,371
Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		4,991
Commercial paper	24,449	33,627
U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	129,971	149,406
Corporate notes and obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	142,133	149,201
Long-term investments	114,127	78,428
Foreign government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	7,076
U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments		26,433
Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	448
Long-term investments	496	944
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		62,085
Commercial paper	0	0
Long-term investments	0	0
Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	75,409	62,085
Restricted cash equivalents	16,768	28,371
Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		0
Commercial paper	0	0
Level 1 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0	0
Level 1 | Corporate notes and obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0	0
Long-term investments	0	0
Level 1 | Foreign government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0
Level 1 | U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments		0
Level 1 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0
Long-term investments	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		4,991
Commercial paper	304,077	332,234
Long-term investments	114,623	105,805
Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Restricted cash equivalents	0	0
Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		4,991
Commercial paper	24,449	33,627
Level 2 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	129,971	149,406
Level 2 | Corporate notes and obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	142,133	149,201
Long-term investments	114,127	78,428
Level 2 | Foreign government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	7,076
Level 2 | U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments		26,433
Level 2 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	448
Long-term investments	496	944
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		0
Commercial paper	0	0
Long-term investments	0	0
Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Restricted cash equivalents	0	0
Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds		0
Commercial paper	0	0
Level 3 | U.S. treasury securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0	0
Level 3 | Corporate notes and obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0	0
Long-term investments	0	0
Level 3 | Foreign government obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0
Level 3 | U.S. agency obligations
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term investments		0
Level 3 | Certificates of deposit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commercial paper	0
Long-term investments	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	Sep. 30, 2020	Mar. 31, 2019
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of convertible senior notes	$ 528,800,000
Senior Notes Due In 2024 | Convertible Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Aggregate principal	$ 593,500,000	$ 633,500,000

Balance Sheet Components - Prep

Balance Sheet Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 16,366	$ 11,469
Other current assets	2,481	2,705
Prepaid expenses and other current assets	$ 18,847	$ 14,174

Balance Sheet Components - Accr

Balance Sheet Components - Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued compensation	$ 30,691	$ 23,310
Accrued income and other taxes payable	6,988	7,116
Accrued other current liabilities	9,411	10,277
Accrued expenses	$ 47,090	$ 40,703

Property and Equipment - Schedu

Property and Equipment - Schedule of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 92,134	$ 54,239
Less: Accumulated depreciation	(27,076)	(31,343)
Property and equipment, net	65,058	22,896
Computer equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	7,415	9,047
Software
Property, Plant and Equipment [Line Items]
Total property and equipment	546	2,047
Capitalized internal-use software costs
Property, Plant and Equipment [Line Items]
Total property and equipment	24,272	23,021
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	2,732	5,826
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	9,150	9,871
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 48,019	$ 4,427

Property and Equipment - Narrat

Property and Equipment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 3,000	$ 2,400	$ 8,866	$ 6,996

Acquisition of GitPrime, Inc. -

Acquisition of GitPrime, Inc. - Narrative (Details) - GitPrime, Inc. - USD ($) $ in Millions	May 09, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Cash consideration	$ 163.8
Acquisition costs		$ 0.8

Acquisition of GitPrime, Inc._2

Acquisition of GitPrime, Inc. - Summary of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	May 09, 2019
Business Acquisition [Line Items]
Goodwill	$ 262,532	$ 262,532
GitPrime, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents			$ 5,290
Accounts receivable			1,798
Other assets acquired			207
Property and equipment			223
Right-of-use assets			549
Goodwill			139,413
Intangible assets			24,800
Lease liabilities			(549)
Deferred revenue			(1,367)
Other liabilities assumed			(1,303)
Total fair value of net assets acquired			$ 169,061

Acquisition of GitPrime, Inc._3

Acquisition of GitPrime, Inc. - Schedule of Intangible Assets Acquired (Details) - GitPrime, Inc. $ in Thousands	May 09, 2019USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value of Intangible Assets Acquired	$ 24,800
Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value of Intangible Assets Acquired	$ 24,000
Useful Lives	5 years
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Fair Value of Intangible Assets Acquired	$ 800
Useful Lives	4 years

Acquisition of GitPrime, Inc._4

Acquisition of GitPrime, Inc. - Summary of Unaudited Pro Forma Information (Details) - GitPrime, Inc. - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Business Acquisition [Line Items]
Revenue	$ 82,620	$ 231,989
Net loss	$ (45,462)	$ (125,518)
Net loss per share, basic and diluted (in dollars per share)	$ (0.32)	$ (0.91)

Intangible Assets - Schedule of

Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Net Book Value	$ 30,257
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	14,113	$ 10,056
Intangible assets, gross	32,529	32,687
Intangible assets, net	18,416	22,631
Domain names
Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets	39	45
Content library:
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	55,420	50,552
Accumulated Amortization	43,540	41,594
Net Book Value	11,880	8,958
Acquired content library
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	32,835	32,835
Accumulated Amortization	32,807	32,780
Net Book Value	28	55
Course creation costs
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	22,585	17,717
Accumulated Amortization	10,733	8,814
Net Book Value	11,852	8,903
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	28,500	28,500
Accumulated Amortization	10,644	6,585
Net Book Value	17,856	21,915
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	120	162
Accumulated Amortization	120	162
Net Book Value	0	0
Noncompetition agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	320	390
Accumulated Amortization	320	390
Net Book Value	0	0
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	3,550	3,550
Accumulated Amortization	3,029	2,879
Net Book Value	$ 521	671
Database
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		40
Accumulated Amortization		40
Net Book Value		$ 0

Intangible Assets - Narrative (

Intangible Assets - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Amortization of acquired intangible assets	$ 1.4	$ 1.4	$ 4.2	$ 3
Course creation costs
Finite-Lived Intangible Assets [Line Items]
Amortization of acquired intangible assets	$ 0.9	$ 0.7	$ 2.5	$ 1.8

Intangible Assets - Schedule _2

Intangible Assets - Schedule of Estimated Amortization Expense (Details) $ in Thousands	Sep. 30, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2020 (remaining three months)	$ 2,286
2021	8,848
2022	7,990
2023	7,330
2024	3,370
2025	433
Net Book Value	$ 30,257

Convertible Senior Notes - Narr

Convertible Senior Notes - Narrative (Details)	1 Months Ended		3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)shares	Mar. 31, 2019USD ($)day$ / shares	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)$ / sharesshares	Sep. 30, 2019USD ($)
Debt Instrument [Line Items]
Net cash used in investing activities					$ 0	$ 616,654,000
Equity component of convertible senior notes, net of issuance costs						137,033,000
Repurchases of convertible senior notes					0	35,000,000
Loss on debt extinguishment			$ 0	$ 950,000	0	950,000
Purchase of capped calls related to issuance of Convertible Senior Notes						69,432,000
Number of shares covered by cap call, terminated (in shares) | shares	1,032,092
Proceeds from terminations of capped calls related to repurchases of convertible senior notes	$ 1,300,000				$ 0	1,284,000
Senior Notes Due In 2024
Debt Instrument [Line Items]
Shares covered by cap call (in shares) | shares			15,313,665		15,313,665
Purchase of capped calls related to issuance of Convertible Senior Notes		$ 69,400,000
Senior Notes Due In 2024 | Convertible Senior Notes
Debt Instrument [Line Items]
Face amount		$ 633,500,000	$ 593,500,000		$ 593,500,000
Stated rate		0.375%
Net cash used in investing activities		$ 616,700,000
Discount rate			5.50%		5.50%
Fair value of convertible senior notes			$ 492,700,000		$ 492,700,000
Equity component of convertible senior notes, net of issuance costs					140,800,000
Issuance costs attributable to liability component			13,100,000		13,100,000
Issuance costs attributable to equity component			3,700,000		3,700,000
Aggregate principal repurchased	40,000,000			40,000,000		40,000,000
Repurchases of convertible senior notes	35,000,000
Loss on debt extinguishment	1,000,000
Reacquisition of conversion option related to the repurchases of convertible senior notes	$ 3,000,000		$ 2,965,000	$ 3,000,000	$ 2,965,000	$ 3,000,000
Initial strike price (in dollars per share) | $ / shares		$ 38.76
Initial capped call price (in dollars per share) | $ / shares		$ 58.50	$ 58.50		$ 58.50
Senior Notes Due In 2024 | Convertible Senior Notes | Conversion Instance, 130%
Debt Instrument [Line Items]
Number of consecutive trading days | day		30
Senior Notes Due In 2024 | Convertible Senior Notes | Minimum | Conversion Instance, 130%
Debt Instrument [Line Items]
Number of trading days | day		20
Conversion ratio, conversion due to qualifying event		130.00%
Senior Notes Due In 2024 | Convertible Senior Notes | Minimum | Conversion Instance, 98%
Debt Instrument [Line Items]
Number of trading days | day		5
Number of consecutive trading days | day		5
Senior Notes Due In 2024 | Convertible Senior Notes | Maximum | Conversion Instance, 98%
Debt Instrument [Line Items]
Conversion ratio, conversion due to qualifying event		98.00%
Senior Notes Due In 2024 | Convertible Senior Notes | Fundamental Change
Debt Instrument [Line Items]
Percentage of principal amount redeemed		100.00%
Senior Notes Due In 2024 | Convertible Senior Notes | Class A Common Stock | Common Stock
Debt Instrument [Line Items]
Initial conversion rate (in $1,000 per share)		0.0258023
Initial conversion price (in dollars per share) | $ / shares		$ 38.76

Convertible Senior Notes - Sche

Convertible Senior Notes - Schedules of Convertible Debt (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Convertible Debt, Liability Component
Less: Unamortized debt discount	$ (94,400)		$ (94,400)
Convertible Debt, Interest Expense
Amortization of debt discount and issuance costs			20,128	$ 15,120
Senior Notes Due In 2024 | Convertible Senior Notes
Convertible Debt, Liability Component
Principal	593,500		593,500
Less: Unamortized debt discount	(94,362)		(94,362)
Less: Unamortized issuance costs	(8,783)		(8,783)
Net carrying amount	490,355		490,355
Convertible Debt, Equity Component
Proceeds allocated to the conversion option (debt discount)	140,776		140,776
Less: Issuance costs	(3,743)		(3,743)
Less: Reacquisition of conversion option related to the repurchases of convertible senior notes	(2,965)	$ (3,000)	(2,965)	(3,000)
Net carrying amount	134,068		134,068
Convertible Debt, Interest Expense
Contractual interest expense	556	585	1,669	1,311
Amortization of debt discount and issuance costs	6,853	6,826	20,128	15,120
Total	$ 7,409	$ 7,411	$ 21,797	$ 16,431

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)extension	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Aug. 31, 2018USD ($)
Lessee, Lease, Description [Line Items]
Cash paid for amounts included in measurement of operating lease liabilities	$ 1,700	$ 1,400	$ 5,200	$ 4,100
Weighted average remaining lease term	13 years 2 months 12 days		13 years 2 months 12 days
Weighted average discount rate	8.30%		8.30%
Sublease income	$ 100	$ 100
Operating lease, liability	84,577		$ 84,577
Right-of-use assets	61,719		61,719		$ 15,804
Security deposit						$ 16,000
Restricted cash and cash equivalents	17,337		17,337		28,916
Tenant Improvements
Lessee, Lease, Description [Line Items]
Restricted cash and cash equivalents	$ 700		$ 700		$ 11,600
Draper, Utah Office Space, 2018
Lessee, Lease, Description [Line Items]
Renewal term	5 years		5 years
Operating lease period						15 years
Operating lease, liability	$ 70,300		$ 70,300
Right-of-use assets	$ 70,300		$ 70,300
Number of extension lease | extension			3
Minimum
Lessee, Lease, Description [Line Items]
Renewal term	3 years		3 years
Maximum
Lessee, Lease, Description [Line Items]
Renewal term	5 years		5 years
Remaining lease terms of sublease agreements with third parties			2 years

Leases - Components of Operatin

Leases - Components of Operating Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease expense	$ 3,335	$ 1,570	$ 7,402	$ 4,536
Variable lease expense	630	97	945	241
Short-term lease expense	182	221	640	307
Total lease expense	$ 4,147	$ 1,888	$ 8,987	$ 5,084

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Operating Lease Liabilities (Details) $ in Thousands	Sep. 30, 2020USD ($)
Leases [Abstract]
2020 (remaining three months)	$ 1,508
2021	11,892
2022	11,858
2023	11,370
2024	10,633
Thereafter	100,176
Total lease payments	147,437
Less: Imputed interest	(62,860)
Lease liabilities	$ 84,577

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Letter of credit
Loss Contingencies [Line Items]
Letters of credit outstanding	$ 2.1	$ 2.1

Non-Controlling Interests (Deta

Non-Controlling Interests (Details) - shares	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Pluralsight Holdings
Noncontrolling Interest [Line Items]
Ownership interest	100.00%	100.00%
Units outstanding (in shares)	144,803,328	140,020,075
Pluralsight Holdings | Pluralsight, Inc.
Noncontrolling Interest [Line Items]
Ownership interest	82.40%	74.30%
Units outstanding (in shares)	119,381,936	104,083,271
Continuing Members | Pluralsight Holdings
Noncontrolling Interest [Line Items]
Ownership interest	17.60%	25.70%
Units outstanding (in shares)	25,421,392	35,936,804
LLC Units
Noncontrolling Interest [Line Items]
Units still subject to time-based vesting requirements (in shares)	688,341	1,543,813
LLC Units | Pluralsight Holdings
Noncontrolling Interest [Line Items]
Units still subject to time-based vesting requirements (in shares)	688,341	1,543,813

Equity-Based Compensation - Nar

Equity-Based Compensation - Narrative (Details)	May 16, 2018$ / sharesshares	May 31, 2020	May 31, 2018shares	Sep. 30, 2020USD ($)shares	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)periodshares	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised						$ 3,000,000
Total unrecognized equity-based compensation of options				$ 1,900,000		$ 1,900,000
Requisite service period						1 year 7 months 6 days
Company's matching contribution of eligible employee contributions		50.00%
Maximum percentage of employee's gross pay that employer will match		6.00%
Equity-based compensation capitalized as internal-use software				300,000	$ 400,000	$ 963,000	$ 934,000
Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined benefit plan, current liability				1,300,000		$ 1,300,000
IPO
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock price (in dollars per share) | $ / shares	$ 15
Stock options | GitPrime, Inc. | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						2 years
Stock options | GitPrime, Inc. | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period						4 years
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period						4 years
Total unrecognized equity-based compensation				$ 179,400,000		$ 179,400,000
Recognition period						2 years 10 months 24 days
Restricted Stock Units (RSUs) | First Anniversary
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of awards vested						25.00%
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares allowable under the plan (in shares) | shares			2,970,000
Percentage of outstanding stock maximum			1.50%
Shares reserved for future issuance (in shares) | shares				4,386,452		4,386,452
Total unrecognized equity-based compensation				$ 14,100,000		$ 14,100,000
Recognition period						1 year 6 months
Consecutive offering period						24 months
Number of purchase periods | period						4
Purchase period						6 months
Maximum fixed contribution amount						$ 12,500
Maximum number of shares able to be purchased (in shares) | shares						5,000
Purchase price, percent						85.00%
Number of shares issuable not yet issued (in shares) | shares				1,835,746		1,835,746
Employee payroll contributions accrued				$ 5,700,000		$ 5,700,000		$ 1,600,000
LLC Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized equity-based compensation				$ 4,700,000		$ 4,700,000
Recognition period						9 months 18 days
Total fair value						$ 15,500,000
2018 Equity Incentive Plan | Share-based Payment Arrangement
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares allowable under the plan (in shares) | shares	14,900,000
Percentage of outstanding stock maximum	5.00%
Shares reserved for future issuance (in shares) | shares				19,937,719		19,937,719

Equity-Based Compensation - Sch

Equity-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2020
Stock Options Outstanding
Beginning balance (in shares)	4,361,718
Granted (in shares)	0
Exercised (in shares)	(458,553)
Forfeited or cancelled (in shares)	(20,581)
Ending balance (in shares)	3,882,584
Vested and exercisable (in shares)	3,821,085
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 14.55
Granted (in dollars per share)	0
Exercised (in dollars per share)	13.94
Forfeited or cancelled (in dollars per share)	6.17
Ending balance (in dollars per share)	14.67
Vested and exercisable (in dollars per share)	$ 14.88
Stock Option Activity, Additional Disclosures
Weighted-average remaining contractual term, outstanding	7 years 7 months 6 days
Weighted-average remaining contractual term, vested and exercisable	7 years 7 months 6 days
Aggregate intrinsic value, outstanding	$ 9.6
Aggregate intrinsic value, vested and exercisable	$ 8.6

Equity-Based Compensation - S_2

Equity-Based Compensation - Schedule of Equity Award Activity (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
LLC Units
Number of RSUs or Units
Beginning balance (in shares) | shares	1,543,813
Vested (in shares) | shares	(855,472)
Ending balance (in shares) | shares	688,341
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 8.72
Vested (in dollars per share) | $ / shares	8.68
Ending balance (in dollars per share) | $ / shares	$ 8.78
Parent Company | Restricted Stock Units (RSUs)
Number of RSUs or Units
Beginning balance (in shares) | shares	7,672,038
Granted (in shares) | shares	6,833,790
Forfeited or cancelled (in shares) | shares	(1,012,966)
Vested (in shares) | shares	(2,595,661)
Ending balance (in shares) | shares	10,897,201
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 22.71
Granted (in dollars per share) | $ / shares	19.17
Forfeited or cancelled (in dollars per share) | $ / shares	21.62
Vested (in dollars per share) | $ / shares	23.33
Ending balance (in dollars per share) | $ / shares	$ 20.45
Subsidiaries | Restricted Stock Units (RSUs)
Number of RSUs or Units
Beginning balance (in shares) | shares	1,312,500
Vested (in shares) | shares	(562,500)
Ending balance (in shares) | shares	750,000
Weighted-Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 8.24
Vested (in dollars per share) | $ / shares	8.24
Ending balance (in dollars per share) | $ / shares	$ 8.24

Equity-Based Compensation - S_3

Equity-Based Compensation - Schedule of Equity-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Equity-based compensation	$ 24,214	$ 24,657	$ 76,217	$ 67,657
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Equity-based compensation	312	138	878	355
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Equity-based compensation	10,908	8,739	31,308	22,967
Technology and content
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Equity-based compensation	6,361	6,666	19,581	15,513
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Equity-based compensation	$ 6,633	$ 9,114	$ 24,450	$ 28,822

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Tax Contingency [Line Items]
Effective tax rate	(1.40%)	(0.90%)	(0.20%)	(0.60%)
Total unrecorded TRA liability	$ 333.8		$ 333.8
Common Stock | Class A Common Stock
Income Tax Contingency [Line Items]
Effect of exchanges of LLC Units (in shares)	6,552,655	116,709	11,683,854	33,536,262

Net Loss Per Share - Calculatio

Net Loss Per Share - Calculation of Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net loss	$ (33,771)	$ (45,462)	$ (121,014)	$ (120,110)
Less: Net loss attributable to non-controlling interests	(6,410)	(12,983)	(28,405)	(39,429)
Net loss attributable to Pluralsight, Inc.	$ (27,361)	$ (32,479)	$ (92,609)	$ (80,681)
Denominator:
Weighted-average shares of Class A common stock outstanding, basic and diluted (in shares)	115,196	101,407	109,009	91,741
Net loss per share, basic and diluted (in dollars per share)	$ (0.24)	$ (0.32)	$ (0.85)	$ (0.88)

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Securities with a Potentially Dilutive Impact (Details) shares in Thousands	9 Months Ended
	Sep. 30, 2020shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	43,476
LLC Units held by Continuing Members
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	26,110
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	3,883
Restricted Stock Units (RSUs) | Pluralsight Holdings
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	750
Restricted Stock Units (RSUs) | Parent Company
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	10,897
Purchase rights committed under the ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,836

Net Loss Per Share - Narrative

Net Loss Per Share - Narrative (Details) - $ / shares	Sep. 30, 2020	Mar. 31, 2019
Senior Notes Due In 2024 | Convertible Senior Notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Initial capped call price (in dollars per share)	$ 58.50	$ 58.50

Related Party Transactions - Na

Related Party Transactions - Narrative (Details) - Chief Executive Officer - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Related Party Transaction [Line Items]
Due to related parties	$ 0.1		$ 0.3
Amount paid under the arrangement	$ 0.5	$ 0.7

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event $ in Millions	Oct. 09, 2020USD ($)
Subsequent Event [Line Items]
Preliminary cash consideration	$ 38
Working capital adjustments, period after closing	120 days