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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Options

 

 

    

 

    

 

    

 

    

Weighted-

    

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

Shares

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

Available for

 

Number of

 

Exercise

 

Contractual

 

Intrinsic

 

(in thousands, except for contractual life and exercise price)

 

Grant

 

Shares

 

Price

 

Life

 

Value

 

 

 

 

 

 

 

 

 

 

(In years)

 

 

 

Balance at December 31, 2017

 

4,737

 

9,963

 

$

6.54

 

7.03

 

$

31,902

 

Additional shares authorized

 

2,161

 

 —

 

 

 

 

 

 

 

 

 

Options granted

 

(2,319)

 

2,319

 

$

11.77

 

 

 

 

 

 

Options exercised

 

 —

 

(1,967)

 

$

6.78

 

 

 

 

 

 

Options forfeited

 

852

 

(852)

 

$

7.54

 

 

 

 

 

 

Balance at December 31, 2018

 

5,431

 

9,463

 

$

7.69

 

6.91

 

$

61,718

 

Exercisable at December 31, 2018

 

 

 

5,484

 

$

5.25

 

5.57

 

$

48,055

 

Vested and expected to vest at December 31, 2018

 

 

 

9,224

 

$

7.60

 

6.87

 

$

60,895

 

 

Restricted stock units

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

Average

 

 

Number of

 

Grant Date

 

 

Shares

 

Fair Value

 

 

 

 

 

 

Balance at December 31, 2017

 

389

 

$

10.38

Granted

 

953

 

$

11.86

Vested

 

(177)

 

$

13.84

Canceled/Forfeited

 

(81)

 

$

9.91

Balance at December 31, 2018

 

1,084

 

$

11.72

 

 

 

 

 

 

 

Summary of stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

 

2018

 

2017

 

2016

 

 

    

Employee

    

Non-Employee

    

Total  

   

Employee

    

Non-Employee

    

Total  

   

Employee

  

Non-Employee

    

Total  

 

 

 

(in thousands)

 

Cost of revenues

 

$

564

 

$

 5

 

$

569

 

$

544

 

$

 —

 

$

544

 

$

651

 

$

(10)

 

$

641

 

Research and development

 

 

4,043

 

 

 —

 

 

4,043

 

 

3,214

 

 

 —

 

 

3,214

 

 

2,829

 

 

24

 

 

2,853

 

Selling, general and administrative

 

 

9,474

 

 

112

 

 

9,586

 

 

7,644

 

 

 —

 

 

7,644

 

 

6,837

 

 

270

 

 

7,107

 

Total

 

$

14,081

 

$

117

 

$

14,198

 

$

11,402

 

$

 —

 

$

11,402

 

$

10,317

 

$

284

 

$

10,601

 

 

Employee stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used in valuation of fair value of employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

   

2018

    

    

2017

    

    

2016

 

Expected term (years)

 

5.24

 

5.62

 

 

5.14

 

5.24

 

 

5.10

 

5.20

 

Expected volatility

 

40.28

%  

42.53

%

 

40.75

%  

62.93

%

 

63.06

%

72.49

%

Expected dividend rate

 

 

 

 

 0

%

 

 

 

 

 0

%

 

 

 

 

 0

%

Risk-free interest rate

 

2.37

%  

3.06

%

 

1.67

%  

2.16

%

 

0.97

%

1.92

%

 

Non-employee stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used in valuation of fair value of employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

   

2018

    

    

2017

    

    

2016

 

Expected term (years)

 

2.72

 

2.76

 

 

2.67

 

2.71

 

 

2.65

 

3.16

 

Expected volatility

 

41.36

%  

43.84

%

 

41.22

%  

52.18

%

 

50.90

%

72.61

%

Expected dividend rate

 

 

 

 

 0

%

 

 

 

 

 0

%

 

 

 

 

 0

%

Risk-free interest rate

 

2.36

%  

2.86

%

 

1.42

%  

1.95

%

 

0.68

%

1.38

%