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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Company's Stock Option Activity and Related Information

A summary of the Company’s stock option activity and related information is as follows:

 

 

 

 

 

 

 

Options Outstanding

 

 

 

Shares

Available

for Grant

 

 

Number

of Stock

Options

Outstanding

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual Life

(Years)

 

 

Aggregate

Intrinsic

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands)

 

Balance at December 31, 2016

 

 

2,168,391

 

 

 

6,127,291

 

 

 

2.60

 

 

 

7.3

 

 

 

7,800

 

Additional authorized

 

 

1,743,247

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

(2,986,244

)

 

 

2,986,244

 

 

 

5.65

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

(420,377

)

 

 

1.58

 

 

 

 

 

 

 

 

 

Cancelled

 

 

100,411

 

 

 

(100,411

)

 

 

3.95

 

 

 

 

 

 

 

 

 

RSUs granted

 

 

(56,022

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

 

969,783

 

 

 

8,592,747

 

 

$

3.69

 

 

 

7.4

 

 

$

47,864

 

Vested and exercisable at December 31,

   2017

 

 

 

 

 

 

5,011,207

 

 

$

2.65

 

 

 

6.5

 

 

$

33,130

 

Vested and expected to vest at December 31,

   2017

 

 

 

 

 

 

8,303,413

 

 

$

3.64

 

 

 

7.4

 

 

$

46,655

 

 

Schedule of Weighted-Average Assumptions Used in Black-Scholes Option-Pricing Model to Estimate Fair Value of Employee Stock Options at Grant Date

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

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Expected term (in years)

 

 

5.9

 

 

 

6.0

 

 

 

5.9

 

Expected volatility (%)

 

66.0%

 

 

67.1%

 

 

68.7%

 

Risk-free interest rate (%)

 

2.1%

 

 

1.3%

 

 

1.8%

 

Expected dividend yield (%)

 

0.0%

 

 

0.0%

 

 

0.0%

 

 

Summary of Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the Company’s consolidated statements of operations and comprehensive loss is classified as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2017

 

 

2016

 

 

2015

 

Research and development

 

$

952

 

 

$

593

 

 

$

262

 

Selling and marketing

 

 

303

 

 

 

120

 

 

 

50

 

General and administrative

 

 

4,064

 

 

 

2,194

 

 

 

754

 

Total stock-based compensation expense

 

$

5,319

 

 

$

2,907

 

 

$

1,066