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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Schedule of Share-based Compensation Expense

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

(In thousands)

 

2022

 

 

2021

 

 

2020

 

Cost of goods manufactured and sold

 

$

10,284

 

 

$

9,175

 

 

$

8,430

 

Research and development

 

 

27,941

 

 

 

24,877

 

 

 

26,408

 

Selling, general and administrative

 

 

56,029

 

 

 

53,570

 

 

 

55,326

 

Total share-based compensation expense

 

$

94,254

 

 

$

87,622

 

 

$

90,164

 

Schedule of Stock Option Activity

A summary of stock option activity is presented in the following table:

 

 

 

Number of

 

 

Weighted Average

 

 

 

Shares

 

 

Exercise Price

 

Outstanding, January 1, 2022

 

 

16,747,819

 

 

$

34.02

 

Granted

 

 

3,164,468

 

 

$

25.39

 

Exercised

 

 

(1,108,772

)

 

$

17.70

 

Expired

 

 

(660,093

)

 

$

48.03

 

Forfeited

 

 

(546,461

)

 

$

22.75

 

Outstanding, December 31, 2022

 

 

17,596,961

 

 

$

33.32

 

Exercisable, December 31, 2022

 

 

10,138,673

 

 

$

40.52

 

Time-based RSU Awards  
Summary of RSU Activity

A summary of time-based RSU activity is presented in the following table:

 

 

 

 

 

 

 

Weighted Average

 

 

 

Number of

Shares

 

 

Grant Date

Fair Value

 

Unvested, January 1, 2022

 

 

6,322,685

 

 

$

23.38

 

Granted

 

 

3,031,864

 

 

$

25.27

 

Vested

 

 

(2,051,872

)

 

$

26.45

 

Forfeited

 

 

(677,255

)

 

$

22.96

 

Unvested, December 31, 2022

 

 

6,625,422

 

 

$

23.34

 

Performance-based RSUs Awards  
Summary of RSU Activity

A summary of performance-based RSU activity is presented in the following table:

 

 

 

 

 

 

 

Weighted Average

 

 

 

Number of

Shares

 

 

Grant Date

Fair Value

 

Unvested, January 1, 2022

 

 

877,862

 

 

$

23.20

 

Granted

 

 

517,683

 

 

$

30.73

 

Forfeited

 

 

(45,911

)

 

$

24.46

 

Vested

 

 

 

 

$

 

Unvested, December 31, 2022

 

 

1,349,634

 

 

$

26.05