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Shareholder's Equity and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of Stock Option Activity

The following table sets forth the Company’s stock option activity:

 

 

 

Three Months Ended March 31, 2019

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Stock Options

 

 

Exercise Price

 

 

Outstanding - beginning of period

 

 

2,945,040

 

 

$

24.18

 

 

Granted

 

 

104,417

 

 

$

54.74

 

 

Exercised

 

 

(63,079

)

 

$

14.79

 

 

Forfeited/Expired

 

 

(45,097

)

 

$

24.10

 

 

Outstanding - end of period

 

 

2,941,281

 

 

$

25.47

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - end of period

 

 

1,202,558

 

 

$

18.66

 

 

 

Schedule of RSA/RSU Activity

The following table sets forth the Company’s RSA/RSU activity:

 

 

 

Three Months Ended

 

 

 

 

March 31, 2019

 

 

 

 

Shares/Units

 

 

Outstanding and unvested - beginning of period

 

 

421,200

 

 

Granted

 

 

164,200

 

 

Vested

 

 

-

 

 

Forfeited

 

 

(15,000

)

 

Outstanding and unvested - end of period

 

 

570,400

 

 

 

 

 

 

 

 

Cumulative vested shares - end of period

 

 

1,913,916

 

 

Summary of Stock-Based Compensation Expense Recognized in Statements of Operations Related to All Outstanding Stock Based Compensation Awards

Stock-based compensation expense recognized in the condensed consolidated statements of operations related to all outstanding stock based compensation awards is summarized below (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Total direct costs

 

$

1,560

 

 

$

843

 

Selling, general and administrative

 

 

1,623

 

 

 

624

 

Total stock-based compensation expense

 

$

3,183

 

 

$

1,467