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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Share-based Compensation Expense

The following table presents share‑based compensation expense included in the Company’s consolidated statements of operations and comprehensive loss:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(In thousands)

 

2019

 

 

2018

 

 

2017

 

Cost of goods manufactured and sold

 

$

9,948

 

 

$

9,174

 

 

$

7,596

 

Research and development

 

 

29,924

 

 

 

32,943

 

 

 

22,635

 

Selling, general and administrative

 

 

61,105

 

 

 

63,240

 

 

 

53,686

 

Total share-based compensation expense

 

$

100,977

 

 

$

105,357

 

 

$

83,917

 

Schedule of Stock Option Activity

A summary of stock option activity is presented in the following table:

 

 

 

Number of

 

 

Weighted Average

 

 

 

Shares

 

 

Exercise Price

 

Outstanding, January 1, 2019

 

 

14,852,457

 

 

$

40.48

 

Granted

 

 

3,812,103

 

 

$

31.49

 

Exercised

 

 

(1,515,957

)

 

$

12.55

 

Expired

 

 

(1,104,967

)

 

$

48.42

 

Forfeited

 

 

(807,791

)

 

$

42.32

 

Outstanding, December 31, 2019

 

 

15,235,845

 

 

$

40.34

 

Exercisable, December 31, 2019

 

 

9,874,065

 

 

$

39.15

 

Time-vested RSUs  
Summary of RSU Activity

A summary of time‑vested RSU activity is presented in the following table:

 

 

 

 

 

 

 

Weighted Average

 

 

 

Number of

Shares

 

 

Grant Date

Fair Value

 

Unvested, January 1, 2019

 

 

2,266,286

 

 

$

55.32

 

Granted

 

 

2,826,092

 

 

$

30.47

 

Vested

 

 

(791,484

)

 

$

53.62

 

Forfeited

 

 

(556,094

)

 

$

41.44

 

Unvested, December 31, 2019

 

 

3,744,800

 

 

$

38.99

 

Performance-based RSUs  
Summary of RSU Activity

A summary of performance-based RSU activity is presented in the following table:

 

 

 

 

 

 

 

Weighted Average

 

 

 

Number of

Shares

 

 

Grant Date

Fair Value

 

Unvested, January 1, 2019

 

 

626,168

 

 

$

54.75

 

Granted

 

 

 

 

$

 

Forfeited

 

 

(81,000

)

 

$

54.77

 

Vested

 

 

(1,614

)

 

$

48.48

 

Unvested, December 31, 2019

 

 

543,554

 

 

$

54.75