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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Fair Value of Employee and Director Stock Options Estimated Using Weighted Average Assumptions
The fair value of employee and director stock options was estimated at the date of grant using the Black-Scholes option pricing model with the weighted average assumptions below.
Three Months Ended
March 31,
2019
Expected term (in years)6.1
Expected volatility45.0 %
Risk-free interest rate2.40 %
Dividend yield— %
Summary of Total Stock-Based Compensation Expense Included in Statements of Operations and Comprehensive Loss
The following table summarizes the total stock-based compensation expense included in the statements of operations and comprehensive loss for all periods presented (in thousands):
Three Months Ended
March 31,
20202019
Cost of revenue$—  $88  
Research and development741  873  
Selling, general and administrative(436) 3,895  
Total stock-based compensation expense$305  $4,856  
Share-based Payment Arrangement, Performance Shares, Activity The following table presents key terms of outstanding PRSU awards (in thousands except for share amounts and percentages):
Grant YearPRSU Performance PeriodPerformance %PRSU Shares GrantedFair Value of PRSU Shares GrantedCumulative Expense Recognized for PRSUs
20192018 - 2020—%159,314  $15,160  $—  
20202019 - 2022—%133,834  10,993  —  
293,148  $26,153  $—