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Shareholder's Equity and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Schedule of Stock Option Activity

The following table sets forth the Company’s stock option activity:

 

 

 

Six Months Ended June 30, 2020

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Stock Options

 

 

Exercise Price

 

 

Outstanding - beginning of period

 

 

3,030,071

 

 

$

34.50

 

 

Granted

 

 

222,553

 

 

$

105.48

 

 

Exercised

 

 

(114,967

)

 

$

17.19

 

 

Forfeited/Expired

 

 

(52,580

)

 

$

36.45

 

 

Outstanding - end of period

 

 

3,085,077

 

 

$

40.23

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - end of period

 

 

1,570,049

 

 

$

49.40

 

 

 

Schedule of RSA/RSU Activity

The following table sets forth the Company’s RSA/RSU activity:

 

 

 

Six Months Ended

 

 

 

 

June 30, 2020

 

 

 

 

Shares/Units

 

 

Outstanding and unvested - beginning of period

 

 

569,770

 

 

Granted

 

 

119,992

 

 

Vested

 

 

-

 

 

Forfeited

 

 

(42,490

)

 

Outstanding and unvested - end of period

 

 

647,272

 

 

 

 

 

 

 

 

Cumulative vested shares - end of period

 

 

1,913,916

 

 

Summary of Stock-Based Compensation Expense Recognized in Statements of Operations Related to All Outstanding Stock Based Compensation Awards

Stock-based compensation expense recognized in the condensed consolidated statements of operations related to all outstanding stock based compensation awards is summarized below (in thousands):

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Total direct costs

 

$

1,774

 

 

$

1,718

 

 

$

3,780

 

 

$

3,278

 

Selling, general and administrative

 

 

842

 

 

 

3,667

 

 

 

4,281

 

 

 

5,290

 

Total stock-based compensation expense

 

$

2,616

 

 

$

5,385

 

 

$

8,061

 

 

$

8,568