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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of option activity

The following is a summary of option activity (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

Average

 

 

 

 

 

 

 

Average

 

Share Price

 

Weighted

 

Remaining

 

Aggregate

 

 

Number of

 

Exercise

 

 on Date of

 

Average

 

Contractual

 

Intrinsic

 

    

shares

    

Price

    

Exercise

    

Fair Value

    

Life

    

Value

 

 

(in thousands, except price data)

Outstanding, January 1, 2018

 

536

 

$

10.04

 

 

 

 

$

5.19

 

 

 

$

14,888

Exercised

 

(80)

 

 

9.74

 

$

32.95

 

 

4.90

 

 

 

 

1,847

Forfeited

 

(88)

 

 

9.93

 

 

 

 

 

5.10

 

 

 

 

3,083

Outstanding, June 30, 2018

 

368

 

$

10.13

 

 

 

 

$

5.27

 

5.12

 

$

12,802

Exercisable, June 30, 2018

 

368

 

$

10.13

 

 

 

 

 

 

 

5.12

 

$

12,802

Vested and expected to vest

 

368

 

$

10.13

 

 

 

 

 

 

 

5.12

 

$

12,802

 

Summary of RSU/RSA activity

The following is a summary of RSU/RSA activity (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average Share

 

Weighted

 

Aggregate

 

 

Number of

 

 Price on Date

 

Average Fair

 

Intrinsic

 

    

shares

    

 of Release

    

Value

    

Value

 

 

(in thousands, except price data)

Outstanding at January 1, 2018

 

707

 

 

 

 

$

29.23

 

$

26,732

Granted

 

517

 

 

 

 

 

33.77

 

 

17,444

Released

 

(166)

 

$

35.69

 

 

28.78

 

 

5,914

Cancelled/Forfeited

 

(25)

 

 

 

 

 

32.15

 

 

1,110

Outstanding, June 30, 2018

 

1,033

 

 

 

 

$

31.50

 

$

46,384

Exercisable, June 30, 2018

 

 4

 

 

 

 

 

 

 

$

140

Vested and expected to vest

 

1,033

 

 

 

 

 

 

 

$

46,384

 

Schedule of employee stock-based compensation expenses

Employee share-based compensation expenses recognized for the periods indicated (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 

 

Six months ended June 30, 

 

 

    

2018

    

2017

    

2018

    

2017

    

Share-based compensation - by expense type

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

211

 

$

134

 

$

388

 

$

212

 

Research and development

 

 

676

  

 

441

 

 

1,252

  

 

706

 

Sales and marketing

 

 

260

  

 

169

 

 

488

  

 

249

 

General and administrative

 

 

1,752

  

 

1,516

 

 

3,340

  

 

2,600

 

Total share-based compensation expense

 

$

2,899

 

$

2,260

 

$

5,468

 

$

3,767

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended June 30, 

 

Six months ended June 30, 

 

 

 

2018

    

2017

    

2018

    

2017

 

Share-based compensation - by award type

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options

 

$

12

 

$

268

 

$

12

 

$

547

 

Restricted stock units

 

 

2,887

 

 

1,992

 

 

5,456

 

 

3,220

 

Total share-based compensation expense

 

$

2,899

 

$

2,260

 

$

5,468

 

$

3,767