XML 43 R31.htm IDEA: XBRL DOCUMENT v3.20.2
Share Based Awards (Tables)
6 Months Ended
Jun. 30, 2020
Share Based Awards  
Schedule of restricted stock unit activity

Restricted Stock Units

 

Weighted-

 

Average

 

Number of

Grant Date

 

    

Shares

    

Fair Value

 

Unvested, December 31, 2019

 

12,639,066

$

5.20

Granted

 

6,998,715

 

4.46

Vested

 

(4,439,725)

 

4.72

Forfeitures

 

(825,068)

 

5.00

Unvested, June 30, 2020

 

14,372,988

$

5.00

Schedule of PSU activity

Performance Stock Units

Weighted-

Average

Number of

Grant Date

    

Shares

    

Fair Value

Unvested, December 31, 2019

 

$

n/a

Granted

 

1,005,000

 

3.27

Vested

 

 

n/a

Forfeitures

 

 

n/a

Unvested, June 30, 2020

 

1,005,000

$

3.27

Schedule of stock option activity under the 2008 Plan, 2014 Plan and 2015 Inducement Plan

    

    

Options Outstanding

 

Weighted-

Number of

Average

Aggregate

 

Shares

Weighted-

Remaining

Intrinsic

 

Available

Number of

Average

Contractual

Value

 

for Issuance

Shares

    

Exercise Price

    

Term (Years)

    

(In thousands)

  

Balance—December 31, 2019

 

1,301,881

 

2,898,977

$

5.17

4.89

$

1,556

Authorized

 

5,636,269

Stock options granted

 

 

Issuance of shares under Bonus Plans

(1,730,682)

Shares withheld from net settlement of restricted stock units

815,527

Restricted stock units granted

(5,268,033)

Performance stock units granted(1)

(1,005,000)

Exercised

 

(142,300)

 

3.51

Stock options canceled

 

83,813

(83,813)

 

5.53

Restricted stock units forfeited

825,068

Balance—June 30, 2020

 

658,843

 

2,672,864

$

5.25

4.12

$

1,424

Vested and exercisable—June 30, 2020

 

2,352,550

$

5.34

3.80

$

1,308

Vested and expected to vest(2)—June 30, 2020

 

2,625,187

$

5.26

4.08

$

1,408

(1)Performance stock units granted are reflected in the table as a decrease in the number of shares available for issuance at target achievement for tracking and reporting purposes but do not technically reduce shares available for issuance until earned.
(2)Options expected to vest reflect an estimated forfeiture rate.
Schedule of stock-based compensation expense recognized

    

Three Months Ended

    

Six Months Ended

June 30, 

June 30, 

    

2020

    

2019

    

2020

    

2019

Cost of revenue

$

1,898

$

1,266

$

2,796

$

2,807

Research and development

 

5,284

 

3,625

 

8,343

 

7,736

Sales and marketing

 

3,389

 

2,064

 

5,462

 

4,338

General and administrative

 

2,935

 

1,902

 

4,478

 

4,266

Total

$

13,506

$

8,857

$

21,079

$

19,147

Schedule of assumptions used to estimate fair value of stock options granted to employees

    

Six Months Ended

 

June 30, 

 

 

2020

    

2019

Expected dividend yield

 

n/a

Risk-free interest rate

 

n/a

2.5%

Expected volatility

 

n/a

  

50%

Expected life (in years)

 

n/a

6.1

Schedule of assumptions used to estimate the fair value of Employee Stock Purchase Plan awards

    

Six Months Ended

June 30, 

 

2020

    

2019

Expected dividend yield

 

Risk-free interest rate

 

1.5%

2.5%

Expected volatility

 

45%

42%

Expected life (in years)

 

1.3

1.3

Schedule of unrecognized stock-based compensation expense and its remaining weighted-average recognition period

Unrecognized

Remaining

Stock-based

Weighted-Average

Compensation

Recognition

Expense

Period

   

(in millions)

   

(in years)

Stock options

 

$

0.6

2.1

Restricted stock units

 

53.8

2.8

Performance stock units

2.9

1.9

ESPP

 

2.4

1.6

Total

 

$

59.7