XML 58 R27.htm IDEA: XBRL DOCUMENT v3.20.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
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, 2019

 

 

948,415

 

 

 

11,165,846

 

 

$

7.44

 

 

 

7.6

 

 

$

1,907

 

Additional options authorized

 

 

5,887,667

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

(194,500

)

 

 

194,500

 

 

 

2.41

 

 

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

(2,870

)

 

 

0.75

 

 

 

 

 

 

 

 

 

Options cancelled

 

 

944,524

 

 

 

(944,524

)

 

 

7.13

 

 

 

 

 

 

 

 

 

Withheld shares to pay for taxes on released RSUs

 

 

45,913

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs granted

 

 

(4,178,620

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs forfeited

 

 

292,145

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2020

 

 

3,745,544

 

 

 

10,412,952

 

 

$

7.37

 

 

 

7.4

 

 

$

865

 

Vested and exercisable at March 31, 2020

 

 

 

 

 

 

5,437,954

 

 

$

6.52

 

 

 

6.4

 

 

$

799

 

Vested and expected to vest at March 31, 2020

 

 

 

 

 

 

10,011,820

 

 

$

7.31

 

 

 

7.4

 

 

$

857

 

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 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,

 

 

 

2020

 

 

2019

 

Expected term (in years)

 

 

6.1

 

 

 

6.0

 

Expected volatility%

 

66.5%

 

 

60.4%

 

Risk-free interest rate%

 

1.4%

 

 

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, 2019

 

 

4,379,777

 

 

$

5.14

 

RSUs granted

 

 

4,178,620

 

 

 

3.09

 

RSUs vested

 

 

(263,565

)

 

 

7.08

 

RSUs forfeited

 

 

(292,145

)

 

 

3.57

 

Unvested at March 31, 2020

 

 

8,002,687

 

 

$

4.06

 

Vested and unreleased

 

 

131,576

 

 

 

 

 

Outstanding at March 31, 2020

 

 

8,134,263

 

 

 

 

 

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,

 

 

 

2020

 

 

2019

 

Cost of revenue

 

$

238

 

 

$

583

 

Research and development

 

 

520

 

 

 

878

 

Selling and marketing

 

 

216

 

 

 

277

 

General and administrative

 

 

4,527

 

 

 

2,814

 

Total stock-based compensation expense

 

$

5,501

 

 

$

4,552