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Stock-Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of stock-based compensation expense | The following table summarizes stock-based compensation expense:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30, |
(In thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Selling, general and administrative |  | $ | 1,509 |  |  | $ | 1,308 |  |  | $ | 4,434 |  |  | $ | 3,502 |
Research and development |  |  | 94 |  |  |  | 134 |  |  |  | 267 |  |  |  | 1,058 |
Total |  | $ | 1,603 |  |  | $ | 1,442 |  |  | $ | 4,701 |  |  | $ | 4,560 |
Summary of weighted-average assumptions used to calculate estimated value of stock options | Black-Scholes-Merton assumptions used in calculating the estimated value of stock options granted by Innoviva on the date of grant were as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Risk-free interest rate |  | 4.15% |  | 4.13% - 4.21% |  | 4.14% - 4.65% |  | 3.50% - 4.21%
Expected term (in years) |  | 6.14 |  | 6.01 - 6.22 |  | 5.07 - 6.15 |  | 5.16 - 6.22
Volatility |  | 35.8% |  | 37.3% - 37.8% |  | 35.8% - 36.8% |  | 37.3% - 38.5%
Dividend yield |  | 0.0% |  | 0.0% |  | 0.0% |  | 0.0%
Weighted-average estimated fair value of stock options granted |  | $7.76 |  | $5.66 - $5.97 |  | $4.97- $7.76 |  | $5.22 - $5.97

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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