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Stock Compensation and Unit-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Stock Options Granted Activity

The following table presents a summary of stock options granted:

 

 

Number of Options

 

 

Weighted Average

Exercise Price

 

 

Weighted Average

Remaining

Contractual

Term (Years)

 

 

Aggregate Intrinsic Value

Outstanding, December 31, 2018

 

2,228,904

 

 

$

14.89

 

 

 

9.5

 

 

*

Granted

 

2,146,699

 

 

 

4.68

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

(1,244,337

)

 

 

13.34

 

 

 

 

 

 

 

Outstanding, December 31, 2019

 

3,131,266

 

 

$

8.53

 

 

 

8.9

 

 

*

Exercisable, December 31, 2019

 

1,348,994

 

 

$

11.99

 

 

 

8.6

 

 

*

 

 

 

 

 

 

 

 

 

 

 

 

 

 

* de minimis

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Additional Information about Stock Options

The following table provides additional information about stock options that are outstanding and exercisable at December 31, 2019:

 

Exercise Price

 

Options

Outstanding

 

 

Weighted Average

Remaining

Contractual

Life (Years)

 

 

Options

Exercisable

 

$1.40 - $2.50

 

 

1,019,495

 

 

 

9.7

 

 

 

95,635

 

$2.51 - $7.52

 

 

647,629

 

 

 

9.2

 

 

 

324,900

 

$7.53 - $15.00

 

 

1,464,142

 

 

 

8.6

 

 

 

928,459

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Restricted Stock Awards Granted Activity

The following table presents a summary of restricted stock awards granted:

 

 

 

Number of Shares

 

 

Weighted Average

Grant Date

Fair Value

 

 

Nonvested, December 31, 2018

 

 

185,571

 

 

$

15.00

 

 

Granted

 

 

204,088

 

 

 

6.88

 

 

Vested

 

 

(139,473

)

 

 

14.25

 

 

Cancelled

 

 

(122,681

)

 

 

9.27

 

 

Nonvested, December 31, 2019

 

 

127,505

 

 

$

8.09

 

 

Summary of Restricted Stock and Deferred Stock Units Granted Activity

The following table presents a summary of restricted and deferred stock units (“Stock Units”) granted:

 

 

 

Number of Shares

 

 

Weighted Average

Grant Date

Fair Value

 

Nonvested, December 31, 2018

 

 

79,998

 

 

$

15.00

 

Granted

 

 

1,566,205

 

 

 

2.47

 

Vested

 

 

(274,939

)

 

 

4.62

 

Cancelled

 

 

(129,771

)

 

 

1.90

 

Nonvested, December 31, 2019

 

 

1,241,493

 

 

$

2.86

 

Summary of Weighted Average Assumptions Used in Valuing Plans

The weighted average assumptions used in the Black-Scholes option pricing model in valuing stock options granted in the periods presented were:

 

 

 

2019

 

 

2018

 

Fair value at grant date

 

$

3.39

 

 

$

2.50

 

Expected volatility

 

95.9%

 

 

70.9%

 

Risk-free interest rate

 

2.1%

 

 

2.7%

 

Expected holding period, in years

 

 

5.9

 

 

 

5.9

 

Dividend yield

 

 

 

 

 

 

2019 Employee Stock Purchase Plan  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Summary of Weighted Average Assumptions Used in Valuing Plans

The weighted average assumptions used in the Black-Scholes valuation of the fair value of the discount for the year ended December 31, 2019 were:

 

 

 

2019

 

Fair value at grant date

 

$

0.75

 

Expected volatility

 

169%

 

Risk-free interest rate

 

2.3%

 

Expected holding period

 

6 months

 

Dividend yield