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Shareholder's Equity and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of Stock Option Activity

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

 

 

 

Six Months Ended June 30, 2021

 

 

 

 

 

 

 

Weighted Average

 

 

 

Stock Options

 

 

Exercise Price

 

Outstanding - beginning of period

 

 

2,500,727

 

 

$

43.26

 

Granted

 

 

273,588

 

 

$

166.65

 

Exercised

 

 

(642,182

)

 

$

22.12

 

Cancelled/Forfeited

 

 

(21,332

)

 

$

42.34

 

Expired

 

 

(11,545

)

 

$

14.41

 

Outstanding - end of period

 

 

2,099,256

 

 

$

65.97

 

 

 

 

 

 

 

 

 

 

Exercisable - end of period

 

 

1,356,368

 

 

$

55.28

 

Schedule of RSA/RSU Activity

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

 

 

 

Six Months Ended

 

 

 

June 30, 2021

 

 

 

Shares/Units

 

Outstanding and unvested - beginning of period

 

 

695,562

 

Granted

 

 

74,725

 

Vested

 

 

-

 

Forfeited

 

 

(37,535

)

Outstanding and unvested - end of period

 

 

732,752

 

 

 

 

 

 

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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Total direct costs

 

$

2,187

 

 

$

1,774

 

 

$

4,234

 

 

$

3,780

 

Selling, general and administrative

 

 

1,383

 

 

 

842

 

 

 

2,207

 

 

 

4,281

 

Total stock-based compensation expense

 

$

3,570

 

 

$

2,616

 

 

$

6,441

 

 

$

8,061