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Stock Incentive Plans and Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity during the nine months ended September 30, 2017 and 2016: 

 

 

 

Number of Common Shares

 

 

Weighted-

 

 

 

Options

 

 

 

 

 

 

Available

 

 

Average

 

 

 

Outstanding

 

 

Exercisable

 

 

for Grant

 

 

Exercise Price

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

 

3,402,481

 

 

 

411,029

 

 

 

274,596

 

 

$

9.02

 

Authorized

 

 

 

 

 

 

 

 

 

889,259

 

 

 

 

Granted

 

 

977,570

 

 

 

 

 

 

 

(977,570

)

 

 

14.25

 

Exercised

 

 

(22,989

)

 

 

 

 

 

 

 

 

 

7.36

 

Cancelled

 

 

(128,105

)

 

 

 

 

 

 

103,105

 

 

 

11.36

 

Balance at September 30, 2017

 

 

4,228,957

 

 

 

388,040

 

 

 

289,390

 

 

$

10.17

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

 

2,419,529

 

 

 

724,529

 

 

 

837,635

 

 

$

8.16

 

Authorized

 

 

 

 

 

 

 

 

 

874,709

 

 

 

 

Granted

 

 

1,128,070

 

 

 

 

 

 

 

(1,128,070

)

 

 

11.89

 

Options Subject to Anti-Dilutive Adjustments

 

 

(2,337,643

)

 

 

 

 

 

 

 

 

 

8.75

 

Options Subject to Anti-Dilutive Adjustments

 

 

2,337,643

 

 

 

 

 

 

 

 

 

 

7.04

 

Exercised

 

 

(310,656

)

 

 

 

 

 

 

 

 

 

5.73

 

Cancelled

 

 

(10,000

)

 

 

 

 

 

 

10,000

 

 

 

9.33

 

Balance at September 30, 2016

 

 

3,226,943

 

 

 

413,873

 

 

 

594,274

 

 

$

8.57