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Stock Plans (Tables) | 12 Months Ended
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Dec. 31, 2018
Stock Plans |
Schedule of share-based compensation expense |
|  | For the year ended December 31,
|  | 2018 |  | 2017 |  | 2016
|  | (in thousands)
Cost of sales |  | $ | 1,885 |  | $ | 2,505 |  | $ | 1,956
Research and development |  |  | 3,611 |  |  | 2,957 |  |  | 3,324
Selling, general, and administrative |  |  | 9,417 |  |  | 12,851 |  |  | 10,433
Restructuring |  |  | 1,161 |  |  | 1,880 |  |  | —
Acquisition costs |  |  | — |  |  | 4,203 |  |  | —
Total |  | $ | 16,074 |  | $ | 24,396 |  | $ | 15,713
Summary of unrecognized share-based compensation costs |
|  | Unrecognized |  | Weighted
|  | Share-Based |  | Average Period
|  | Compensation |  | Expected to be
|  | Costs |  | Recognized
|  | (in thousands) | (in years)
Stock option awards |  | $ | — |  | —
Restricted stock units |  |  | 2,466 |  | 2.4
Restricted stock awards |  |  | 19,663 |  | 2.6
Performance share units |  |  | 7,356 |  | 2.4
Total unrecognized share-based compensation cost |  | $ | 29,485 |  | 2.5
Schedule of options, vested and expected to vest |
|  |  |  |  |  | Weighted |  |
|  | Number |  | Weighted |  | Average |  | Aggregate
|  | of |  | Average |  | Remaining |  | Intrinsic
|  | Shares |  | Exercise Price |  | Contractual Life |  | Value
|  | (in thousands) |  |  | (in years) |  | (in thousands)
Vested |  | 1,222 |  | $ | 34.80 |  | 3.0 |  | —
Expected to vest |  | — |  |  | — |  | — |  | —
Total |  | 1,222 |  |  | 34.80 |  | 3.0 |  | —
Summary of stock option activity |
|  |  |  | Weighted
|  | Number of |  | Average
|  | Shares |  | Exercise Price
|  | (in thousands) |  |  |
Balance - December 31, 2015 |  | 2,064 |  | $ | 32.91
Granted |  | — |  |  | —
Exercised |  | (194) |  |  | 12.18
Expired or forfeited |  | (294) |  |  | 34.44
Balance - December 31, 2016 |  | 1,576 |  |  | 35.18
Granted |  | — |  |  | —
Exercised |  | (18) |  |  | 30.03
Expired or forfeited |  | (164) |  |  | 37.47
Balance - December 31, 2017 |  | 1,394 |  |  | 34.97
Granted |  | — |  |  | —
Exercised |  | — |  |  | —
Expired or forfeited |  | (172) |  |  | 36.21
Balance - December 31, 2018 |  | 1,222 |  |  | 34.80
Summary of information about stock option information |
|  | Options Outstanding |  | Options Exercisable
|  |  |  |  |  |  | Weighted |  |  |  |  |  |  |  |  | Weighted |  |
|  |  |  | Aggregate |  | Average |  | Weighted |  |  |  | Aggregate |  | Average |  | Weighted
|  |  |  | Intrinsic |  | Remaining |  | Average |  |  |  | Intrinsic |  | Remaining |  | Average
Range of Exercise Prices |  | Shares |  | Value |  | Contractual Life |  | Exercise Price |  | Shares |  | Value |  | Contractual Life |  | Exercise Price
|  | (in thousands) |  | (in thousands) |  | (in years) |  |  |  | (in thousands) |  | (in thousands) |  | (in years) |  |  |
$20.00 - $30.00 |  | 25 |  | $ | — |  | 3.6 |  | $ | 28.13 |  | 25 |  | $ | — |  | 3.6 |  | $ | 28.13
$30.01 - $40.00 |  | 1,058 |  |  | — |  | 3.1 |  |  | 32.81 |  | 1,058 |  |  | — |  | 3.1 |  |  | 32.81
$40.01 - $50.00 |  | 12 |  |  | — |  | 1.7 |  |  | 45.57 |  | 12 |  |  | — |  | 1.7 |  |  | 45.57
$50.01 - $60.00 |  | 127 |  |  | — |  | 2.4 |  |  | 51.70 |  | 127 |  |  | — |  | 2.4 |  |  | 51.70
|  | 1,222 |  | $ | — |  | 3.0 |  |  | 34.80 |  | 1,222 |  | $ | — |  | 3.0 |  |  | 34.80
Summary of information on options exercised |
|  | Year ended December 31,
|  | 2018 |  | 2017 |  | 2016
|  | (in thousands)
Cash received from options exercised |  | $ | — |  | $ | 431 |  | $ | 494
Intrinsic value of options exercised |  | $ | — |  | $ | 51 |  | $ | 1,165
Summary of non-vested restricted and performance shares activity |
|  |  |  | Weighted
|  |  |  | Average
|  | Number of |  | Grant Date
|  | Shares |  | Fair Value
|  | (in thousands) |  |  |
Balance - December 31, 2015 |  | 1,398 |  | $ | 31.97
Granted |  | 1,166 |  |  | 17.59
Vested |  | (349) |  |  | 32.73
Forfeited |  | (266) |  |  | 27.31
Balance - December 31, 2016 |  | 1,949 |  |  | 23.85
Granted |  | 674 |  |  | 29.22
Performance award adjustments |  | (25) |  |  | 20.95
Assumed from Ultratech |  | 338 |  |  | 31.75
Vested |  | (831) |  |  | 27.67
Forfeited |  | (225) |  |  | 26.29
Balance - December 31, 2017 |  | 1,880 |  |  | 25.41
Granted |  | 1,257 |  |  | 17.37
Performance award adjustments |  | (5) |  |  | 32.67
Vested |  | (523) |  |  | 26.39
Forfeited |  | (391) |  |  | 24.66
Balance - December 31, 2018 |  | 2,218 |  |  | 20.74
Summary of valuation assumptions for performance awards |
|  | Year ended December 31, |
|  | 2018 |
Weighted average fair value |  | $ | 15.58 |
Dividend yield |  |  | 0 | %
Expected volatility factor(1) |  |  | 49 | %
Risk-free interest rate(2) |  |  | 2.88 | %
Expected life (in years)(3) |  |  | 3.0 |
| (1) |  | Expected volatility is measured using historical daily price changes of the Company’s stock over the respective expected term.
| (2) |  | The risk-free rate for periods within the contractual term is based on the U.S. Treasury yield curve in effect at the time of grant.
| (3) |  | The expected life is the number of years the Company estimates that the awards will be outstanding prior to exercise.
Summary of valuation assumptions for employee stock purchase plan |
|  |  | Year ended December 31, |
|  | 2018 |  | 2017 |  | 2016 |
Weighted average fair value |  | $ | 4.94 |  | $ | 7.09 |  | $ | 4.45 |
Dividend yield |  |  | 0 | % |  | 0 | % |  | 0 | %
Expected volatility factor(1) |  |  | 62 | % |  | 36 | % |  | 43 | %
Risk-free interest rate(2) |  |  | 1.81 | % |  | 0.99 | % |  | 0.35 | %
Expected life (in years)(3) |  |  | 0.5 |  |  | 0.5 |  |  | 0.5 |
| (1) |  | Expected volatility is measured using historical daily price changes of the Company’s stock over the respective expected term.
| (2) |  | The risk-free rate for periods within the contractual term is based on the U.S. Treasury yield curve in effect at the time of grant.
| (3) |  | The expected life is the number of years the Company estimates that the purchase rights will be outstanding prior to exercise.

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