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Stock Based Compensation | 9 Months Ended
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Sep. 30, 2020
Share-based Payment Arrangement [Abstract] |
Stock Based Compensation | Stock Based Compensation The Company applies the fair value recognition provisions of ASC Topic 718: "Stock Compensation". The Company recorded stock-based compensation of $3.2 million and $1.8 million for the nine month periods ended September 30, 2020 and September 30, 2019, respectively. The Company recorded stock-based compensation of $1.0 million and $0.9 million for the three month periods ended September 30, 2020 and September 30, 2019, respectively. At September 30, 2020, the aggregate unrecognized compensation expense related to unvested equity awards was $9.1 million (net of estimated forfeitures), which is expected to be recognized as compensation expense in fiscal years 2020 through 2023. A summary of stock option activity for the nine months ended September 30, 2020 is below:
(in thousands, except for exercise price) | Options Outstanding |  | Weighted Average Exercise Price
Outstanding at January 1, 2020 | 410 |  |  | $ | 14.50 |
Granted | 619 |  |  | 13.82 |
Exercised | (25) |  |  | 10.29 |
Canceled/forfeited | (15) |  |  | 19.02 |
Outstanding at September 30, 2020 | 989 |  |  | $ | 14.11 |
A summary of unvested restricted stock activity for the nine months ended September 30, 2020 is below:
(in thousands, except for award value) | Restricted Stock Awards |  | Weighted Average Award Value
Outstanding at Balance at January 1, 2020 | 171 |  |  | $ | 23.53 |
Granted | 21 |  |  | 29.19 |
Vested | (28) |  |  | 24.37 |
Forfeited and cancelled | (77) |  |  | 24.16 |
Outstanding at September 30, 2020 | 87 |  |  | $ | 24.09 |
A summary of unvested restricted stock units ("RSU") activity for the nine months ended September 30, 2020 is below:
(in thousands, except for award value) | RSU Awards |  | Weighted Average Award Value
Outstanding at Balance at January 1, 2020 | — |  |  | $ | — |
Granted | 375 |  |  | 13.24 |
Vested | — |  |  | — |
Forfeited and cancelled | — |  |  | — |
Outstanding at September 30, 2020 | 375 |  |  | $ | 13.24 |

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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- References No definition available. + Details
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