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Stock-Based Compensation (Tables)

9 Months Ended

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

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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

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-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

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