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Share-based Compensation
 6 Months Ended
Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-based Compensation

12. SHARE-BASED COMPENSATION

The following table presents share-based compensation expense included in the Company’s condensed consolidated statements of operations and comprehensive income (loss):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Cost of goods manufactured and sold

 

$

2,683

 

 

$

2,015

 

 

$

4,861

 

 

$

3,980

 

Research and development

 

 

7,131

 

 

 

6,478

 

 

 

11,194

 

 

 

12,638

 

Selling, general and administrative

 

 

17,738

 

 

 

14,353

 

 

 

26,948

 

 

 

26,041

 

Total share-based compensation expense

 

$

27,552

 

 

$

22,846

 

 

$

43,003

 

 

$

42,659

 

 

At June 30, 2021 and December 31, 2020, $2.0 million and $2.6 million, respectively, of share-based compensation expense was capitalized and recorded as “Inventory” in the accompanying condensed consolidated balance sheets.

 

On June 14, 2021, the Company’s shareholders approved amendments to the Alkermes plc 2018 Stock Option and Incentive Plan that served to, among other things, increase the number of ordinary shares authorized for issuance thereunder by 8,000,000.