XML 40 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
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, 2018

 

 

1,908,626

 

 

 

11,603,708

 

 

$

6.64

 

 

 

7.6

 

 

$

10,151

 

Additional options authorized

 

 

3,853,280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

(1,872,022

)

 

 

1,872,022

 

 

 

8.28

 

 

 

 

 

 

 

 

 

Options exercised

 

 

-

 

 

 

(588,120

)

 

 

4.90

 

 

 

 

 

 

 

 

 

Options canceled

 

 

79,293

 

 

 

(79,293

)

 

 

7.49

 

 

 

 

 

 

 

 

 

RSUs granted

 

 

(651,392

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2019

 

 

3,317,785

 

 

 

12,808,317

 

 

$

6.95

 

 

 

7.9

 

 

$

16,290

 

Vested and exercisable at March 31, 2019

 

 

 

 

 

 

4,071,182

 

 

$

4.32

 

 

 

5.9

 

 

$

12,759

 

Vested and expected to vest at March 31, 2019

 

 

 

 

 

 

12,181,953

 

 

$

6.89

 

 

 

7.9

 

 

$

16,094

 

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

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

 

 

 

Three Months Ended

March 31,

 

 

 

2019

 

 

2018

 

Expected term (in years)

 

 

6.0

 

 

 

5.9

 

Expected volatility%

 

60.4%

 

 

61.7%

 

Risk-free interest rate%

 

2.6%

 

 

2.6%

 

Expected dividend yield%

 

 

0.0%

 

 

 

0.0%

 

Summary of RSU Activity (Detail)

 

 

RSUs

 

 

 

 

Number of Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Unvested at December 31, 2018

 

 

1,736,234

 

 

$

9.65

 

 

RSUs granted

 

 

651,392

 

 

 

7.69

 

 

RSUs vested

 

 

(21,149

)

 

 

6.33

 

 

Unvested at March 31, 2019

 

 

2,366,477

 

 

$

9.14

 

 

Vested and unreleased

 

 

142,656

 

 

 

 

 

 

Outstanding at March 31, 2019

 

 

2,509,133

 

 

 

 

 

 

Summary of Stock-Based Compensation Expense

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

 

 

 

Three Months Ended

March 31, 2019

 

 

 

2019

 

 

2018

 

Research and development

 

$

391

 

 

$

203

 

Selling and marketing

 

 

265

 

 

 

127

 

General and administrative

 

 

3,896

 

 

 

860

 

Total stock-based compensation expense

 

$

4,552

 

 

$

1,190