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Stock-Based Compensation and Employee Stock Purchase Program (Tables)
12 Months Ended
Dec. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Activity Under Stock Incentive Plans

The following is a summary of stock option information and weighted average exercise prices under the Company’s stock incentive plans (in thousands, except share data and price per share):

 

 

 

Shares
Subject to
Outstanding
Options

 

 

Weighted-
Average
Exercise
Price Per
Share

 

 

Aggregate
Intrinsic
Value

 

Outstanding — Balance at December 31, 2019

 

 

661,701

 

 

$

21.60

 

 

$

305

 

Options granted

 

 

502,494

 

 

 

4.28

 

 

 

 

Options exercised

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(174,508

)

 

 

5.91

 

 

 

 

Options expired

 

 

(99,928

)

 

 

25.56

 

 

 

 

Outstanding — Balance at December 31, 2020

 

 

889,759

 

 

 

14.46

 

 

$

240

 

Options granted

 

 

1,227,042

 

 

 

2.76

 

 

 

 

Options exercised

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(440,166

)

 

 

3.09

 

 

$

1,086

 

Options expired

 

 

(254,440

)

 

 

29.02

 

 

 

 

Outstanding — Balance at December 31, 2021

 

 

1,422,195

 

 

 

5.28

 

 

 

 

Vested and expected to vest — December 31, 2021

 

 

1,322,111

 

 

 

5.47

 

 

 

 

Exercisable —December 31, 2021

 

 

743,109

 

 

$

7.54

 

 

 

 

Weighted-Average Fair Value Assumption of Stock Option Awards

The fair value of stock option awards was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumption:

 

 

 

Year Ended December 31,

 

Assumptions

 

2021

 

 

2020

 

Expected term (years)

 

 

6.31

 

 

 

6.48

 

Expected volatility

 

 

121

%

 

 

134

%

Risk-free interest rate

 

 

0.86

%

 

 

1.01

%

Expected dividend yield