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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Summary of equity incentive program
A summary of our equity incentive program is as follows (in thousands):

 
March 31,
2020
Common stock shares available for grant
3,080

Stock options outstanding
1,370

RSAs outstanding
71

RSUs outstanding
1,192


Summary of time-based stock options
The following summarizes activities for the time-based stock options for the three months ended March 31, 2020 (in thousands except for weighted average exercise price per share and weighted average remaining contractual life data):

 
Number of Shares
Underlying Stock Options
 
Weighted Average
Exercise Price
Per Share
 
Weighted Average
Remaining Contractual Life
(Years)
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2019
967

 
$
8.55

 
5.63
 
$
16

Granted
456

 
$
7.58

 
 
 
 
Exercised

 
$

 
 
 
 
Canceled or expired
(53
)
 
$
9.74

 
 
 
 
Outstanding as of March 31, 2020
1,370

 
$
8.18

 
6.10
 
$

Vested and expected to vest at March 31, 2020
1,130

 
$
8.24

 
6.02
 
$

Exercisable at March 31, 2020
192

 
$
9.80

 
4.11
 
$


Summary of restricted stock units activities
The following summarizes RSU activities for the three months ended March 31, 2020 (in thousands except for weighted average grant date fair value and weighted average remaining contractual life data):

 
Number of Restricted Stock Units
 
Weighted Average Grant Date Fair Value
 
Weighted Average
Remaining Contractual Life
(Years)
 
Aggregate
Intrinsic Value
Outstanding at December 31, 2019
945

 
$
8.81

 
1.25
 
$
7,020

Granted
458

 
$
5.92

 

 


Released
(190
)
 
$
9.67

 

 


Forfeited
(21
)
 
$
7.93

 

 


Outstanding at March 31, 2020
1,192

 
$
7.57

 
1.49
 
$
6,389


Summary of restricted stock awards activities
The following summarizes RSA activities for the three months ended March 31, 2020 (in thousands except for weighted average grant date fair value and weighted average remaining recognition period):

 
Number of Restricted Stock Awards
 
Weighted Average Grant Date Fair Value
 
Weighted Average Remaining Recognition Period
(Years)
Outstanding at December 31, 2019
91

 
$
7.45

 
0.45
Granted
12

 
$
5.43

 
 
Released

 
$

 
 
Forfeited
(32
)
 
$
7.27

 
 
Outstanding at March 31, 2020
71

 
$
7.18

 
0.21

Summary of stock-based compensation expenses
The following table summarizes stock-based compensation expenses recognized for the three months ended March 31, 2020 and 2019 (in thousands):

 
Three Months Ended
March 31,
 
2020
 
2019
Stock options
$
255

 
$
194

RSUs and RSAs
462

 
1,888

Employee stock purchase plan
12

 
21

Total
$
729

 
$
2,103

 
 
 
 
Sales and marketing
$
45

 
$
320

Research and development
168

 
630

General and administrative
516

 
1,153

Total
$
729

 
$
2,103


Summary of assumptions used to value options granted
The assumptions used to value options granted under our equity incentive program are as follows:

 
Three Months Ended
March 31,
 
2020
 
2019
Expected life (in years)
4.2

 
4.5

Volatility
52
%
 
53
%
Interest rate
1.0
%
 
2.5
%
Dividend yield
N/A

 
N/A