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Share-based Compensation
6 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Share-based Compensation

12. SHARE-BASED COMPENSATION

The following table presents share-based compensation expense included in the Company’s condensed consolidated statements of operations and comprehensive loss:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of goods manufactured and sold

 

$

2,015

 

 

$

2,505

 

 

$

3,980

 

 

$

4,483

 

Research and development

 

 

6,478

 

 

 

8,135

 

 

 

12,638

 

 

 

15,881

 

Selling, general and administrative

 

 

14,353

 

 

 

17,605

 

 

 

26,041

 

 

 

32,497

 

Total share-based compensation expense

 

$

22,846

 

 

$

28,245

 

 

$

42,659

 

 

$

52,861

 

 

At June 30, 2020 and December 31, 2019, $2.1 million and $1.5 million, respectively, of share-based compensation expense was capitalized and recorded as “Inventory” in the accompanying condensed consolidated balance sheets.

In February 2017, the compensation committee of the Company’s board of directors approved awards of restricted stock units (“RSUs”) to all employees employed by the Company during 2017, in each case subject to vesting on the achievement of three specified performance criteria over a performance period of three years from the date of the grant.

The Company achieved one of the three performance criteria in December 2018, resulting in the vesting of a portion of the performance-based RSUs. In February 2020, the compensation committee of the Company’s board of directors acknowledged that the two remaining performance criteria had not been achieved prior to the expiration of the three-year performance period and the unvested portion of the awards expired.