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Stock Option Plans
 3 Months Ended
Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Plans
Stock Option Plans
The Company records the fair value of stock options issued to employees and non-employees as of the grant date as stock-based compensation expense. Stock-based compensation expense for employees and non-employees is recognized over the requisite service period, which is typically the vesting period. Stock-based compensation costs included in the consolidated statements of income are presented below:
 
Three Months Ended 
 March 31,
 
2015
 
2014
Cost of products
$
34

 
$
—

Cost of services
98

 
—

Research and development
1,769

 
348

Selling, general and administrative
8,358

 
3,426

Total
$
10,259

 
$
3,774


Intrexon Stock Option Plans
In April 2008, Intrexon adopted the 2008 Equity Incentive Plan (the "2008 Plan") for employees and nonemployees pursuant to which Intrexon's board of directors may grant share based awards, including stock options, to officers, key employees and nonemployees. Upon the effectiveness of the 2013 Omnibus Incentive Plan (the "2013 Plan"), no new awards may be granted under the 2008 Plan. As of March 31, 2015, there are 1,584,059 stock options outstanding under the 2008 Plan.
In July 2013, the Company adopted the 2013 Plan for employees and nonemployees pursuant to which Intrexon's board of directors may grant share based awards, including stock options and shares of common stock, to employees, officers, consultants, advisors and nonemployee directors. The 2013 Plan became effective upon the closing of the IPO. In June 2014, Intrexon's shareholders voted to amend the 2013 Plan to increase the numbers of shares authorized for issuance under the 2013 Plan from 7,000,000 to 10,000,000. In March 2015, Intrexon's board of directors approved, subject to shareholder approval at Intrexon's annual meeting in June 2015, an increase of 3,000,000 shares of common stock to be reserved for issuance under the 2013 Plan. As of March 31, 2015, there were 7,367,320 stock options outstanding under the 2013 Plan, and there were 2,486,364 remaining shares available for Intrexon to grant under the 2013 Plan.
Stock option activity under Intrexon's award plans was as follows:
 
Number of Shares
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (Years)
Balances at December 31, 2014
8,323,544

 
$
22.59

 
8.64
Granted
950,500

 
43.17

 
 
Exercised
(204,487
)
 
(12.56
)
 
 
Forfeited
(118,036
)
 
(24.76
)
 
 
Expired
(142
)
 
(7.12
)
 
 
Balances at March 31, 2015
8,951,379

 
24.97

 
8.49
Exercisable at March 31, 2015
2,568,344

 
18.74

 
7.32
Vested and Expected to Vest at March 31, 2015(1)
7,447,767

 
24.20

 
8.38
(1)
The number of stock options expected to vest takes into account an estimate of expected forfeitures.
Total unrecognized compensation costs related to nonvested awards at March 31, 2015 and December 31, 2014 were $72,675 and $62,281, respectively, and are expected to be recognized over a weighted-average period of approximately three years.
Intrexon currently uses authorized and unissued shares to satisfy share award exercises.
Other Plans
As of March 31, 2015, there were 7,672,000 options outstanding under the AquaBounty 2006 Equity Incentive Plan ("AquaBounty Plan") at a weighted average exercise price of $0.30 per share of which 6,481,521 were exercisable. As of December 31, 2014 , there were 7,347,000 options outstanding under the AquaBounty Plan at a weighted average exercise price of $0.31 per share of which 6,171,520 were exercisable.