Stock-Based Compensation

3 Months Ended

Mar. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Note 7 — Stock-Based Compensation

Total stock-based compensation expense was recognized in our Condensed Consolidated Statements of Operations as follows (in thousands):

	Three months ended March 31,
	2017		2016
Cost of goods sold	$	608	$	388
Research and development		4,664		3,199
General and administrative		2,912		2,776
Total stock-based compensation	$	8,184	$	6,363

During the three months ended March 31, 2017 and 2016, we granted 328,860 and 200,200 stock options, respectively, and these options had a weighted average grant-date fair value of $7.94 per share and $5.90 per share, respectively. We issued no RSUs during either of the three month periods ended March 31, 2017 or March 31, 2016.

As a result of stock issuances under our equity compensation plans, during the three months ended March 31, 2017 and 2016, we issued 1,518,605 and 862,546 shares of our common stock, respectively.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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