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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
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):
 Three Months Ended March 31,
 20212020
Cost of revenues$362 $169 
Research and development7,959 6,991 
Sales and marketing2,919 2,186 
General and administrative11,860 8,988 
Total share-based compensation expense$23,100 $18,334 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The following table summarizes the key assumptions used to determine the fair value of the awards:

 Three Months Ended March 31, 2021
Expected term (years)3.00
Expected volatility49.04 %
Dividend yield— %
Risk-free interest rate0.27 %
Summary of Restricted Stock Unit Activity
Activity for RSUs and PSUs is as follows:
 RSUs and PSUs Outstanding
 Shares OutstandingWeighted Average Grant Date Fair Value
Balance at December 31, 20204,816,000 $37.82 
Granted1,885,015 87.14 
Released(1,426,075)29.29 
Canceled(173,936)38.79 
Balance at March 31, 20215,101,004 $58.39