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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity under its Stock Plans

During the six months ended June 30, 2020, the Company had the following activities under its equity incentive plans:

 

  

 

 

Available

for Grant

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term (in years)

 

 

Aggregate

Intrinsic Value

 

Balance at December 31, 2019

 

 

2,192,545

 

 

 

9,287,901

 

 

$

9.44

 

 

 

 

 

 

 

 

 

 

Shares authorized

 

 

2,000,000

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted (1)

 

 

(1,105,278

)

 

 

859,918

 

 

 

48.67

 

 

 

 

 

 

 

 

 

 

Exercised (2)

 

 

92,459

 

 

 

(2,399,296

)

 

 

10.00

 

 

 

 

 

 

 

 

 

 

Forfeited and expired

 

 

21,244

 

 

 

(21,244

)

 

 

13.78

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2020

 

 

3,200,970

 

 

 

7,727,279

 

 

$

13.62

 

 

 

7.00

 

 

$

339,650,595

 

Vested and expected to vest, net of estimated forfeiture

   at June 30, 2020

 

 

 

 

 

 

7,418,771

 

 

$

13.16

 

 

 

6.92

 

 

$

329,498,001

 

Exercisable at June 30, 2020

 

 

 

 

 

 

4,412,289

 

 

$

8.26

 

 

 

5.69

 

 

$

217,441,295

 

 

(1)

The difference between shares granted in the number of shares available for grant and outstanding options represents the RSUs and RSAs granted for the period.

(2)

Shares presented as available for grant represents shares repurchased for tax withholding upon vesting of RSUs.

Restricted Stock Activity

During the six months ended June 30, 2020, the activity for restricted stock is summarized as follows:

 

 

 

Shares

 

 

Weighted

Average

Grant-Date

Fair Value

 

Balance at December 31, 2019

 

 

399,823

 

 

$

10.54

 

Granted

 

 

245,360

 

 

 

48.08

 

Vested

 

 

(230,986

)

 

 

9.98

 

Canceled

 

 

-

 

 

 

-

 

Unvested at June 30, 2020

 

 

414,197

 

 

$

33.10