XML 33 R23.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Summary of Stock Option Activity

The following table summarizes the stock option activity for the nine months ended September 30, 2020:

 

 

 

Shares

(in thousands)

 

 

Weighted-

average

Exercise Price

 

 

Weighted-

average

Remaining

Contractual

Term (Years)

 

Balance at December 31, 2019

 

 

16,665

 

 

$

20.47

 

 

 

7.87

 

Granted

 

 

316

 

 

$

18.32

 

 

 

 

 

Exercised

 

 

(159

)

 

$

11.54

 

 

 

 

 

Expired and forfeited

 

 

(740

)

 

$

21.92

 

 

 

 

 

Balance at September 30, 2020

 

 

16,082

 

 

$

20.45

 

 

 

7.06

 

Summary of Stock-Based Compensation Expense related to Stock-Based Payment Awards Granted

The following table summarizes stock-based compensation expense related to stock-based payment awards granted pursuant to all of our equity compensation arrangements (in thousands):

 

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Research and development

 

$

4,612

 

 

$

4,365

 

 

$

14,580

 

 

$

14,123

 

General and administrative

 

 

3,277

 

 

 

2,939

 

 

 

10,012

 

 

 

10,333

 

Sales and marketing

 

 

3,206

 

 

 

2,400

 

 

 

9,591

 

 

 

15,856

 

Total stock-based compensation expense

 

$

11,095

 

 

$

9,704

 

 

$

34,183

 

 

$

40,312

 

Summary of Fair Value of Option Grant on Grant Date Using Black-Scholes Option Pricing Model

We estimated the fair value of each option grant on the grant date using the Black-Scholes option pricing model with the following weighted-average assumptions:

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

Risk-free interest rate

 

 

0.9

%

 

 

2.1

%

Dividend yield

 

 

0.0

%

 

 

0.0

%

Volatility

 

 

67.3

%

 

 

67.4

%

Expected life (years)

 

 

6

 

 

 

6