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Stockholders’ Equity and Stock Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2020

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

The following table summarizes the Company’s stock option activity:

	Stock Options
				Weighted-
				Average
	Shares			Exercise Price
Outstanding at January 1, 2020		3,126,521		$	11.61
Granted		—		$	—
Exercised		(40,000	)	$	2.07
Cancelled		(5,312	)	$	12.88
Expired		(146,972	)	$	26.70
Outstanding at March 31, 2020		2,934,237		$	10.99
Exercisable at March 31, 2020		2,653,323		$	10.76

Summary of Activity Related To Time-based Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs)

The following table summarizes the Company’s activity related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”):

	RSUs					PSUs
				Weighted-					Weighted-
				Average Grant					Average Grant
	Shares			Date Fair Value		Shares⁽¹⁾			Date Fair Value
Outstanding at January 1, 2020		661,258		$	16.44		376,328		$	20.65
Granted		387,274		$	8.86		387,274		$	8.86
Vested		(178,801	)	$	18.72		(5,254	)	$	28.72
Cancelled		(7,561	)	$	19.41		(32,235	)	$	—
Outstanding at March 31, 2020		862,170		$	12.53		726,113		$	13.94

(1)

The number of shares for 62,791 of the PSUs listed as outstanding at January 1, 2020 represents the actual number of PSUs granted to each recipient eligible to vest if the Company meets its performance goals for the applicable period. The number of shares for the remainder of the PSUs listed as outstanding at January 1, 2020 and for all of the PSUs granted in 2020 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels.

Additionally, 108,957 of the PSUs listed as outstanding at January 1, 2020 represent PSUs granted in March 2018 (the “2018 PSU Awards”). During the first quarter of 2020, the Company’s financial results for the applicable performance goals were certified, with 70.4% of the “target” number of PSUs for the 2018 PSU Awards “earned” based on the Company’s performance, subject to one additional year of time-based vesting. Accordingly, the total number of PSUs granted in the 2018 PSU Awards that are eligible to vest was reduced by 32,235 shares from 108,957 shares to 76,722 shares.