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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-Based Compensation Expense Related to Stock Options, PSUs, RSUs and Restricted Stock

The following table summarizes stock-based compensation expense related to stock options, performance stock units (“PSUs”), restricted stock units (“RSUs”) and restricted stock:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Stock-based compensation expense included in cost of revenue

 

$

125

 

 

$

87

 

 

$

256

 

 

$

202

 

Selling, general and administrative expense

 

 

1,098

 

 

 

971

 

 

 

2,196

 

 

 

2,046

 

Research and development expense

 

 

585

 

 

 

597

 

 

 

1,163

 

 

 

1,198

 

Stock-based compensation expense included in operating expenses

 

 

1,683

 

 

 

1,568

 

 

 

3,359

 

 

 

3,244

 

Total stock-based compensation expense

 

 

1,808

 

 

 

1,655

 

 

 

3,615

 

 

 

3,446

 

Tax benefit for expense associated with stock options, PSUs, RSUs and restricted stock

 

 

(452

)

 

 

(394

)

 

 

(883

)

 

 

(821

)

Total stock-based compensation expense, net of tax

 

$

1,356

 

 

$

1,261

 

 

$

2,732

 

 

$

2,625

 

Summary of PSUs, RSUs and Restricted Stock Outstanding

The following table summarizes PSUs, RSUs and restricted stock outstanding as of December 31, 2020 and June 30, 2021 and the changes that occurred during the six months ended June 30, 2021:

 

 

 

Number of

Shares

(in thousands)

 

 

Weighted Avg. Grant Date Fair Value

(per share)

 

Unvested PSUs, RSUs and restricted stock outstanding, December 31, 2020

 

 

1,846

 

 

$

11.49

 

PSUs, RSUs and restricted stock granted

 

 

357

 

 

$

16.73

 

PSUs, RSUs and restricted stock vested

 

 

(12

)

 

$

11.76

 

PSUs, RSUs and restricted stock forfeited

 

 

(47

)

 

$

11.58

 

Unvested PSUs, RSUs and restricted stock outstanding, June 30, 2021

 

 

2,144

 

 

$

12.41

 

 

Summary of Stock Options Outstanding

The following table summarizes stock options outstanding as of December 31, 2020 and June 30, 2021 and the changes that occurred during the six months ended June 30, 2021:

 

 

 

Number of

Stock Options

(in thousands)

 

 

Weighted Avg.

Exercise Price

(per share)

 

 

Weighted Avg.

Remaining

Contractual

Life

(in years)

 

 

Aggregate

Intrinsic Value

(in thousands)

 

Stock options outstanding, December 31, 2020

 

 

2,718

 

 

$

21.17

 

 

 

2.9

 

 

$

 

Stock options exercised

 

 

(215

)

 

$

16.53

 

 

 

 

 

 

 

588

 

Stock options expired

 

 

(117

)

 

$

23.37

 

 

 

 

 

 

 

17

 

Stock options outstanding, June 30, 2021

 

 

2,386

 

 

$

21.47

 

 

 

2.4

 

 

$

4,721

 

Stock options exercisable, June 30, 2021

 

 

2,386

 

 

$

21.47

 

 

 

2.4

 

 

$

4,721