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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of equity incentive program
A summary of our equity incentive program is as follows (in thousands):
 September 30,
2020
Common stock shares available for grant2,814 
Stock options outstanding 1,367 
RSAs outstanding130 
RSUs outstanding1,067 
Summary of time-based stock options
The following summarizes activities for the time-based stock options for the nine months ended September 30, 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, 2019967 $8.55 5.63$16 
Granted456 $7.58 
Exercised(2)$8.13 
Canceled or expired(54)$9.71 
Outstanding at September 30, 20201,367 $8.18 5.59$— 
Vested and expected to vest at September 30, 20201,192 $8.23 5.53$— 
Exercisable at September 30, 2020393 $8.82 4.61$— 
Summary of restricted stock units activities
The following summarizes RSU activities for the nine months ended September 30, 2020 (in thousands except for weighted average grant date fair value and weighted average remaining contractual life data):
Number of Restricted Stock UnitsWeighted Average Grant Date Fair ValueWeighted Average
Remaining Contractual Life
(Years)
Aggregate
Intrinsic Value
Outstanding at December 31, 2019945 $8.81 1.25$7,020 
Granted515 $5.95 
Released(337)$8.99 
Forfeited(56)$8.31 
Outstanding at September 30, 20201,067 $7.39 1.20$7,524 
Summary of restricted stock awards activities
The following summarizes RSA activities for the nine months ended September 30, 2020 (in thousands except for weighted average grant date fair value and weighted average remaining recognition period):
Number of Restricted Stock AwardsWeighted Average Grant Date Fair ValueWeighted Average Remaining Recognition Period
(Years)
Outstanding at December 31, 201991 $7.45 0.45
Granted142 $6.43 
Released(71)$7.18 
Forfeited(32)$7.27 
Outstanding at September 30, 2020130 $6.53 0.70
Summary of stock-based compensation expenses
The following table summarizes stock-based compensation expenses recognized for the three and nine months ended September 30, 2020 and 2019 (in thousands):
 Three Months Ended
September 30,
Nine Months Ended
September 30,
 2020201920202019
Stock options$259 $200 $812 $516 
RSUs and RSAs1,065 971 2,583 3,798 
Employee stock purchase plan15 16 38 57 
Total$1,339 $1,187 $3,433 $4,371 
Sales and marketing$205 $207 $593 $700 
Research and development233 234 653 1,054 
General and administrative901 746 2,187 2,617 
Total$1,339 $1,187 $3,433 $4,371 
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
September 30,
Nine Months Ended
September 30,
 
2020 (1)
201920202019
Expected life (in years)N/A4.34.24.3
VolatilityN/A53 %52 %53 %
Interest rateN/A1.8 %1.0 %1.7 %
Dividend yieldN/A— %— %— %