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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
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, 2018

 

5,431

 

9,463

 

$

7.69

 

6.91

 

$

61,718

 

Additional shares authorized

 

2,483

 

 —

 

 

 

 

 

 

 

 

 

Options granted

 

(1,195)

 

1,195

 

$

16.57

 

 

 

 

 

 

Options exercised

 

 —

 

(1,070)

 

$

2.41

 

 

 

 

 

 

Options forfeited/cancelled

 

55

 

(55)

 

$

11.24

 

 

 

 

 

 

Balance at March 31, 2019

 

6,774

 

9,533

 

$

9.37

 

7.39

 

$

107,874

 

Exercisable at March 31, 2019

 

 

 

5,016

 

$

6.36

 

6.02

 

$

71,540

 

Vested and expected to vest at March 31, 2019

 

 

 

9,312

 

$

9.29

 

7.35

 

$

106,097

 

 

Restricted stock units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

(in thousands, except for grant date fair value)

 

Shares

 

Fair Value

 

 

 

 

 

 

 

 

Balance at December 31, 2018

 

1,084

 

$

11.72

 

Granted

 

1,202

 

$

18.35

 

Vested

 

(187)

 

$

9.46

 

Canceled/forfeited

 

(14)

 

$

11.70

 

Balance at March 31, 2019

 

2,085

 

$

15.74

 

 

Summary of stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31, 

 

 

2019

 

2018

 

    

Employee

    

Non-Employee

    

Total

    

Employee

    

Non-Employee

    

Total

 

 

(in thousands)

Cost of revenues

 

$

168

 

$

 —

 

$

168

 

$

138

 

$

 4

 

$

142

Research and development

 

 

894

 

 

 —

 

 

894

 

 

903

 

 

 —

 

 

903

Selling, general and administrative

 

 

2,646

 

 

343

 

 

2,989

 

 

2,108

 

 

 1

 

 

2,109

Total

 

$

3,708

 

$

343

 

$

4,051

 

$

3,149

 

$

 5

 

$

3,154

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31, 

 

    

2019

    

    

2018

    

Expected term (years)

 

5.33

 

5.53

 

 

5.24

 

5.59

 

Expected volatility

 

42.53

%

42.75

%

 

40.28

%

40.88

%

Expected dividend rate

 

 

 

 

0.00

%

 

 

 

 

0.00

%

Risk-free interest rate

 

2.26

%

2.60

%

 

2.37

%

2.70

%