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Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity under our 2013 Plan and related information during the three months ended March 31, 2017:

 

 

 

Shares

 

 

 

 

 

 

 

Subject to

 

 

Weighted-

 

 

 

Outstanding

 

 

Average Exercise

 

 

 

Options

 

 

Price Per Share

 

Balance at December 31, 2016

 

 

5,817,116

 

 

$

25.26

 

Options granted

 

 

1,036,100

 

 

 

27.04

 

Options exercised

 

 

(196,871

)

 

 

15.86

 

Options canceled

 

 

(71,202

)

 

 

33.34

 

Balance at March 31, 2017

 

 

6,585,143

 

 

$

25.73

 

 

Summary of PSO Activity

The following table summarizes PSO activity under our 2013 Plan and related information during the three months ended March 31, 2017:

 

 

 

Shares

 

 

 

 

 

 

 

Subject to

 

 

Weighted-

 

 

 

Outstanding

 

 

Average Exercise

 

 

 

Options

 

 

Price Per Share

 

Balance at December 31, 2016

 

 

180,752

 

 

$

23.76

 

Options granted

 

 

 

 

 

 

Options exercised

 

 

 

 

 

 

Options canceled

 

 

 

 

 

 

Balance at March 31, 2017

 

 

180,752

 

 

$

23.76

 

 

Summary of RSU Activity

The following table summarizes RSU activity, under our 2013 Plan and related information:

 

 

 

Shares

 

 

 

 

 

 

 

Subject to

 

 

Weighted-

 

 

 

Outstanding

 

 

Average grant date

 

 

 

RSUs

 

 

fair value per share

 

Balance at December 31, 2016

 

 

546,507

 

 

$

28.38

 

RSUs granted

 

 

306,050

 

 

 

25.54

 

RSUs released

 

 

(211,882

)

 

 

28.26

 

RSUs canceled

 

 

(8,932

)

 

 

27.37

 

Balance at March 31, 2017

 

 

631,743

 

 

$

27.06

 

 

Summary of PSU Activity

The following table summarizes PSU activity, under our 2013 Plan and related information:

 

 

 

Shares

 

 

 

 

 

 

 

Subject to

 

 

Weighted-

 

 

 

Outstanding

 

 

Average grant date

 

 

 

PSUs

 

 

fair value per share

 

Balance at December 31, 2016

 

 

285,866

 

 

$

29.24

 

PSUs granted

 

 

143,750

 

 

 

25.54

 

PSUs released

 

 

(8,917

)

 

 

50.30

 

PSUs canceled

 

 

(51,581

)

 

 

33.53

 

Balance at March 31, 2017

 

 

369,118

 

 

$

26.69

 

 

Classification of Stock-Based Compensation Expense

 

The table below sets forth the functional classification of stock-based compensation expense, net of estimated forfeitures, for the periods presented (in thousands):  

 

 

 

Three Months Ended March 31,

 

 

 

2017

 

 

2016

 

Research and development

 

$

4,150

 

 

$

3,030

 

Selling, general and administrative

 

 

4,884

 

 

 

4,039

 

Total stock-based compensation

 

$

9,034

 

 

$

7,069