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Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 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 2017 Plan and related information during the nine months ended September 30, 2017:

 

 

 

Shares

 

 

 

 

 

 

 

Subject to

 

 

Weighted-

 

 

 

Outstanding

 

 

Average Exercise

 

 

 

Options

 

 

Price Per Share

 

Balance at December 31, 2016

 

 

5,817,116

 

 

$

25.26

 

Options granted

 

 

1,813,300

 

 

 

38.68

 

Options exercised

 

 

(1,008,791

)

 

 

15.37

 

Options canceled

 

 

(200,522

)

 

 

35.48

 

Balance at September 30, 2017

 

 

6,421,103

 

 

$

30.28

 

 

Summary of PSO Activity

The following table summarizes PSO activity under our 2013 Plan and related information during the nine months ended September 30, 2016:

 

 

 

Shares

 

 

 

 

 

 

 

Subject to

 

 

Weighted-

 

 

 

Outstanding

 

 

Average Exercise

 

 

 

Options

 

 

Price Per Share

 

Balance at December 31, 2016

 

 

180,752

 

 

$

23.76

 

Options granted

 

 

 

 

 

 

Options exercised

 

 

(4,635

)

 

 

 

Options canceled

 

 

 

 

 

 

Balance at September 30, 2017

 

 

176,117

 

 

$

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

 

 

338,800

 

 

 

26.80

 

RSUs released

 

 

(211,882

)

 

 

28.26

 

RSUs canceled

 

 

(35,653

)

 

 

27.25

 

Balance at September 30, 2017

 

 

637,772

 

 

$

27.65

 

 

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

 

 

(60,374

)

 

 

35.97

 

PSUs canceled

 

 

(52,281

)

 

 

33.76

 

Balance at September 30, 2017

 

 

316,961

 

 

$

25.53

 

 

Classification of Stock-Based Compensation Expense

 

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

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Research and development

 

$

4,155

 

 

$

3,465

 

 

$

14,974

 

 

$

9,561

 

Selling, general and administrative

 

 

5,960

 

 

 

4,307

 

 

 

17,431

 

 

 

12,903

 

Total stock-based compensation

 

$

10,115

 

 

$

7,772

 

 

$

32,405

 

 

$

22,464