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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation Expense for Employees and Non-Employees
Total share-based compensation expense recorded for employees and non-employees, is as follows (in thousands):
 Years Ended December 31,
 202020192018
Cost of revenues$950 $426 $420 
Research and development31,588 22,229 17,055 
Sales and marketing9,606 7,380 6,703 
General and administrative41,911 34,874 27,852 
Total share-based compensation expense$84,055 $64,909 $52,030 
Summary of Assumptions Used to Determine Fair Value of ESPP
The following table summarizes the key assumptions used to determine the fair value of rights granted under the 2013 ESPP:
 Years Ended December 31,
 202020192018
Expected term (years)0.500.500.50
Expected volatility
52.06%-68.09%
40.51%-41.81%
42.07%-44.97%
Dividend yield— %— %— %
Risk-free interest rate
0.12%-0.15%
1.59%-2.43%
2.09%-2.50%
Weighted-average grant-date fair value per share$20.52 $9.88 $7.14 
Summary of Stock Option Activity
Stock Option Activity
 Options Outstanding
 Number of
Options
Outstanding
Weighted-
Average
Exercise
Price per
Share
Weighted-Average Remaining Contractual Term in YearsAggregate
Intrinsic
Value
Balance at December 31, 20191,611,385 $8.64 3.60$47,171,160 
Exercised(984,068)9.13  
Balance at December 31, 2020627,317 $7.86 3.48$51,733,285 
Summary of Restricted Stock Unit Activity
RSU and PSU Activity
 RSUs and PSUs Outstanding
 Number of RSUs and PSUs
Outstanding
Weighted 
Average Grant Date 
Fair Value
Balance at December 31, 20196,909,530 $24.04 
Granted2,593,745 45.37 
Released(4,098,742)20.22 
Canceled(588,533)31.84 
Balance at December 31, 20204,816,000 $37.82