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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Stock-Based Compensation.  
Schedule summarizing stock option activity under the 2001 Stock Plan, 2011 Stock Plan and 2015 Stock Plan

The following table summarizes stock option activity under the 2001 Stock Plan, 2011 Stock Plan and 2015 Stock Plan during the nine months ended September 30, 2019 (in thousands except option exercise price):

Weighted-

Number of

Average

Shares

Weighted-

Remaining

Underlying

Average

Contractual

Aggregate

    

Options

  

Exercise Price

    

Life (in years)

    

Intrinsic Value

Outstanding at December 31, 2018

6,307

$

23.69

6.7

$

204,896

Granted

186

68.10

Exercised

(583)

24.08

$

27,515

Canceled/forfeited/expired

(13)

38.57

Outstanding at September 30, 2019

5,897

$

25.04

6.2

$

222,005

Vested and expected to vest at September 30, 2019

5,834

$

24.85

6.1

$

220,714

Exercisable at September 30, 2019

4,352

$

19.79

5.5

$

185,936

Schedule of the weighted-average assumptions used to estimate the fair value of options granted to employees

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2019

    

2018

    

2019

 

2018

Risk-free interest rate

1.61

%

**

%  

2.17

%

2.67

%

Expected dividend yield

0.00

%

**

%  

0.00

%

0.0

%

Expected volatility

47.0

%

**

%  

46.8

%

44.9

%

Expected term (in years)

6.01

**

6.01

6.10

Schedule summarizing restricted stock unit activity

Weighted-

Number of

average

shares

grant date

    

(in thousands)

    

fair value

Unvested at December 31, 2018

532

$

35.17

Granted

301

70.42

Vested

(210)

34.93

Canceled/forfeited

(17)

42.14

Unvested at September 30, 2019

606

$

52.39

Schedule summarizing the allocation of stock-based compensation

The following table summarizes the allocation of stock-based compensation related to stock options and RSUs in the accompanying condensed consolidated statements of operations (in thousands):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2019

    

2018

    

2019

    

2018

  

Cost of sales

$

259

$

175

$

752

$

526

Selling, general and administrative

6,727

5,538

18,555

14,418

Research and development

1,561

1,460

4,616

4,092

Total

$

8,547

$

7,173

$

23,923

$

19,036