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Stock Benefit Plans and Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s stock option activity under the Plans and related information is as follows (in thousands, except as indicated and per share data):

 

 

 

Shares

 

 

Weighted

average

exercise

price

 

 

Weighted

average

remaining

contractual

term

(in years)

 

 

Aggregate

intrinsic

value

 

Outstanding at December 31, 2019

 

 

4,215

 

 

$

3.27

 

 

 

 

 

 

 

 

 

Granted

 

 

71

 

 

$

6.64

 

 

 

 

 

 

 

 

 

Exercised

 

 

(241

)

 

$

2.33

 

 

 

 

 

 

$

2,253

 

Forfeited

 

 

(94

)

 

$

10.44

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2020

 

 

3,951

 

 

$

3.21

 

 

 

6.93

 

 

$

45,320

 

Options vested and exercisable at

   December 31, 2020

 

 

2,837

 

 

$

3.26

 

 

 

6.70

 

 

$

32,570

 

Options vested and expected to vest at

   December 31, 2020

 

 

3,951

 

 

$

3.21

 

 

 

6.93

 

 

$

45,320

 

Summary of Information about Restricted Stock Awards, Restricted Stock Units and Performance-Based Restricted Units Activity

The following table summarizes information about the restricted stock awards, restricted stock units and performance-based restricted units activity (in thousands, except as indicated and per share data):

 

 

 

Shares

 

 

Weighted

average

grant

date fair

value

 

 

Weighted

average

remaining

recognition

period

(in years)

 

Unvested at December 31, 2019

 

 

6,727

 

 

$

2.17

 

 

 

 

 

Awarded

 

 

3,964

 

 

$

4.87

 

 

 

 

 

Vested

 

 

(2,363

)

 

$

3.52

 

 

 

 

 

Forfeited

 

 

(112

)

 

$

4.13

 

 

 

 

 

Unvested at December 31, 2020

 

 

8,216

 

 

$

3.13

 

 

 

1.99

 

Schedule of Assumptions used to Estimate Fair Value of Stock Options Granted and Stock Purchase Rights under ESPP

The Company estimates the fair value of shares issued to employees under the ESPP using the Black-Scholes option-pricing model.  The assumptions used to estimate the fair value of stock options granted and stock purchase rights under the ESPP are as follows:

 

 

Year Ended December 31,

 

 

 

2020

 

 

2019

 

Risk-free interest rate

 

0.12% - 1.58%

 

 

1.58% - 2.50%

 

Expected dividend yield

 

 

 

 

 

 

Expected term (years)

 

 

0.50

 

 

 

0.50

 

Volatility

 

54.96%-102.50%

 

 

49.78%-82.08%

 

Summary of Common Stock Reserved for Future Issuance

Common stock reserved for future issuance consists of the following (in thousands):

 

 

 

December 31, 2020

 

Warrants outstanding

 

 

24,881

 

Authorized for future grant under the Plans

 

 

5,015

 

Authorized for future grant under the Management

   Objective Strategic Incentive Plan

 

 

345

 

Authorized for future grant under the Distributor and Development Services plans

 

 

7,780

 

Stock options outstanding

 

 

3,951

 

Unvested restricted stock awards

 

 

8,216

 

Employee stock purchase plan

 

 

216

 

Series A convertible preferred stock

 

 

29

 

 

 

 

50,433