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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following is a summary of stock option activity during the six months ended June 30, 2020:

 

 

 

Options Outstanding

 

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value

 

Balance—January 1, 2020

 

 

1,862,569

 

 

$

9.09

 

 

 

8.64

 

 

$

99

 

Options granted

 

 

 

 

$

 

 

 

 

 

$

 

Options exercised

 

 

 

 

$

 

 

 

 

 

$

 

Options cancelled

 

 

(150,648

)

 

$

8.98

 

 

 

 

 

$

 

Balance—June 30, 2020

 

 

1,711,921

 

 

$

9.10

 

 

 

7.88

 

 

$

58

 

Exercisable as of  June 30, 2020

 

 

1,039,505

 

 

$

8.91

 

 

 

7.53

 

 

$

58

 

Vested and expected to vest as of June 30, 2020

 

 

1,711,921

 

 

$

9.10

 

 

 

7.88

 

 

$

60

 

Summary of Restricted Stock Award Activity

A summary of restricted stock award activity within the Company’s equity plans and changes for the six months ended June 30, 2020 is as follows:

 

Restricted Stock Awards

 

Shares

 

 

Weighted

Average Grant-

Date Fair Value

 

Nonvested at January 1, 2020

 

 

2,601,972

 

 

$

18.21

 

Granted

 

 

573,509

 

 

$

3.30

 

Vested

 

 

(346,859

)

 

$

16.54

 

Forfeited

 

 

(505,695

)

 

$

17.88

 

Nonvested at June 30, 2020

 

 

2,322,927

 

 

$

16.23

 

Summary of Total Stock-based Compensation Expense by Function The following table summarizes the total stock-based compensation expense by function for the three and six months ended June 30, 2020 and 2019:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

 

(in thousands)

 

 

(in thousands)

 

Sales and distribution expenses

 

$

2,409

 

 

$

(579

)

 

$

2,797

 

 

$

1,013

 

Research and development expenses

 

 

1,872

 

 

 

1,179

 

 

 

2,032

 

 

 

2,452

 

General and administrative expenses

 

 

7,592

 

 

 

4,571

 

 

 

8,544

 

 

 

9,145

 

Total stock-based compensation expense

 

$

11,873

 

 

$

5,171

 

 

$

13,373

 

 

$

12,610