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Stock Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
A summary of the stock option activity is as follows:
OptionsWeighted Average Exercise PriceWeighted Average Remaining Contractual LifeAggregate Intrinsic Value (in thousands)
Outstanding, December 31, 20203,516,484 $12.79 5.93$25,718 
Granted556,160 $20.23 
Exercised(545,912)$5.86 
Cancelled(126,171)$16.81 
Outstanding, June 30, 20213,400,561 $14.97 6.59$27,868 
Exercisable, June 30, 20211,978,225 $13.57 4.97$19,749 
Schedule of Weighted-Average Assumptions for Options Granted
The Company used the following weighted-average assumptions for options granted during the periods indicated:
June 30, 2021
Expected term (in years)5.93
Expected volatility58.91  %
Risk free rate1.03  %
Expected dividends—  %
Summary of Stock Unit Activity
A summary of the status of non-vested RSUs/PSUs as of June 30, 2021 and the changes during the six months then ended are presented below:
Outstanding Stock Units
Stock UnitsWeighted-Average Fair Value at Date of Grant per ShareWeighted Average Remaining Vesting LifeAggregate Intrinsic Value (in thousands)
Unvested December 31, 20201,782,905 $15.23 1.83$31,825 
Granted810,316 $20.68 
Released(139,145)$17.81 
Forfeited(181,673)$16.33 
Unvested June 30, 20212,272,403 $16.92 1.87$49,107