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Share-Based Compensation (Tables)
9 Months Ended
Sep. 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

 

(122)

 

 

9.79

 

$

36.18

 

 

5.00

 

 

 

 

3,223

Forfeited

 

(127)

 

 

9.92

 

 

 

 

 

5.10

 

 

 

 

1,886

Outstanding, September 30, 2018

 

287

 

$

10.19

 

 

 

 

$

5.31

 

4.86

 

$

4,153

Exercisable, September 30, 2018

 

287

 

$

10.19

 

 

 

 

 

 

 

4.86

 

$

4,153

Vested and expected to vest

 

287

 

$

10.19

 

 

 

 

 

 

 

4.86

 

$

4,153

 

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

 

523

 

 

 

 

 

33.83

 

 

17,704

Released

 

(279)

 

$

37.66

 

 

28.92

 

 

10,519

Cancelled/Forfeited

 

(34)

 

 

 

 

 

32.58

 

 

844

Outstanding, September 30, 2018

 

917

 

 

 

 

$

31.82

 

$

22,605

Vested and expected to vest

 

917

 

 

 

 

 

 

 

$

22,605

 

Schedule of employee stock-based compensation expenses

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended September 30, 

 

Nine months ended September 30, 

 

 

    

2018

    

2017

    

2018

    

2017

    

Share-based compensation - by expense type

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of goods sold

 

$

205

 

$

124

 

$

593

 

$

336

 

Research and development

 

 

624

  

 

400

 

 

1,876

  

 

1,106

 

Sales and marketing

 

 

181

  

 

118

 

 

669

  

 

367

 

General and administrative

 

 

1,884

  

 

1,439

 

 

5,224

  

 

4,040

 

Total share-based compensation expense

 

$

2,894

 

$

2,081

 

$

8,362

 

$

5,849

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three months ended September 30, 

 

Nine months ended September 30, 

 

 

 

2018

    

2017

    

2018

    

2017

 

Share-based compensation - by award type

 

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options

 

$

12

 

$

263

 

$

12

 

$

810

 

Restricted stock units

 

 

2,882

 

 

1,818

 

 

8,350

 

 

5,039

 

Total share-based compensation expense

 

$

2,894

 

$

2,081

 

$

8,362

 

$

5,849