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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Restricted Stock Units Activity

A summary of the activity and related information of the restricted stock units is presented below:

 

 

 

Restricted

Stock Units

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2017

 

 

 

 

$

 

Granted

 

 

1,502,666

 

 

 

26.86

 

Forfeited

 

 

(8,555

)

 

 

16.99

 

Outstanding at December 31, 2018

 

 

1,494,111

 

 

$

26.91

 

Granted

 

 

300,003

 

 

 

3.95

 

Vested and released

 

 

(1,206,743

)

 

 

27.93

 

Forfeited

 

 

(315,899

)

 

 

19.91

 

Outstanding at December 31, 2019

 

 

271,472

 

 

$

5.15

 

Schedule of Stock-based Compensation Expense Recorded in Operating Expenses

Stock-based compensation expense recorded in operating expenses was as follows (in thousands):

 

 

 

Year Ended

December 31,

 

 

 

2019

 

 

2018

 

Selling, general and administrative

 

$

20,392

 

 

$

11,936

 

Research and development

 

 

1,537

 

 

 

1,951

 

Stock-based compensation in operating

   expenses

 

$

21,929

 

 

$

13,887

 

Communicated Option Awards [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Options Activity

A summary of the activity and related information of the Communicated Option Awards classified as liabilities and communicated during the year ended December 31, 2018, is presented below:

 

 

 

Liability-

Classified

Awards

(in shares)

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Life

(in years)

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

Outstanding at December 31, 2017

 

 

933,500

 

 

$

3.92

 

 

 

4.86

 

 

$

19,676

 

Granted

 

 

170,000

 

 

 

25.00

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(67,000

)

 

 

5.33

 

 

 

 

 

 

 

 

 

Cancelled and settled with Replacement

   Awards

 

 

(1,036,500

)

 

 

7.29

 

 

 

 

 

 

22,442

 

Outstanding at December 31, 2018

 

 

 

 

$

 

 

 

 

 

$

 

Exercisable at December 31, 2018

 

 

 

 

$

 

 

 

 

 

$

 

Vested and expected to vest at December 31,

   2018

 

 

 

 

$

 

 

 

 

 

$

 

Schedule of Fair Value of Options Using the Black Scholes Option Pricing Model and Assumptions Used

The fair value of the Communicated Option Awards classified as liabilities was estimated using the Black Scholes option pricing model and the weighted-average assumptions used in the model are noted in the following table:

 

 

 

Year Ended

December 31,

 

 

 

2018

 

Risk-free interest rate

 

 

2.49

%

Volatility

 

 

34.13

%

Expected dividend yield

 

 

0.00

%

Expected life (in years)

 

 

2.9

 

Stock Options [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Options Activity

A summary of the activity and related information of the stock options issued is presented below:

 

 

 

Stock

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Life

(in years)

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

Outstanding at December 31, 2017

 

 

 

 

$

 

 

 

 

 

$

 

Granted

 

 

1,945,900

 

 

 

28.47

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(25,800

)

 

 

19.27

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

1,920,100

 

 

$

28.59

 

 

 

9.43

 

 

$

 

Granted

 

 

1,521,335

 

 

 

1.22

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(301,898

)

 

 

26.81

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

3,139,537

 

 

$

15.50

 

 

 

8.09

 

 

$

 

Exercisable at December 31, 2019

 

 

1,116,888

 

 

$

28.92

 

 

 

5.44

 

 

$

 

Vested and expected to vest at December 31,

   2019

 

 

3,139,537

 

 

$

15.50

 

 

 

8.09

 

 

$

 

Schedule of Fair Value of Options Using the Black Scholes Option Pricing Model and Assumptions Used

The fair value of the stock options issued under the 2018 Plan was estimated using the Black Scholes option pricing model and the weighted-average assumptions used in the model are noted in the following table:

 

 

 

Year Ended

December 31,

 

 

 

2019

 

 

2018

 

Risk-free interest rate

 

 

1.6

%

 

 

2.89

%

Volatility

 

 

59.26

%

 

 

42.64

%

Expected dividend yield

 

 

0.00

%

 

 

0.00

%

Expected life (in years)

 

 

5.9

 

 

 

6.5