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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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 nine months ended September 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

 

 

(2,870

)

 

$

4.14

 

 

 

 

 

$

 

Options cancelled

 

 

(276,420

)

 

$

9.28

 

 

 

 

 

$

 

Balance—September 30, 2020

 

 

1,583,279

 

 

$

9.07

 

 

 

7.95

 

 

$

588

 

Exercisable as of September 30, 2020

 

 

1,062,960

 

 

$

8.90

 

 

 

7.84

 

 

$

508

 

Vested and expected to vest as of September 30, 2020

 

 

1,583,279

 

 

$

9.07

 

 

 

7.95

 

 

$

588

 

Summary of Restricted Stock Award Activity

A summary of restricted stock award activity within the Company’s equity plans and changes for the nine months ended September 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

 

 

691,709

 

 

$

3.82

 

Vested

 

 

(416,953

)

 

$

14.38

 

Forfeited

 

 

(519,695

)

 

$

17.56

 

Nonvested at September 30, 2020

 

 

2,357,033

 

 

$

14.95

 

Summary of Total Stock-based Compensation Expense by Function The following table summarizes the total stock-based compensation expense by function, including expense related to consultants, for the three and nine months ended September 30, 2020 and 2019:

 

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

 

(in thousands)

 

 

(in thousands)

 

Sales and distribution expenses

 

$

2,421

 

 

$

748

 

 

$

5,218

 

 

$

1,761

 

Research and development expenses

 

 

1,920

 

 

 

778

 

 

 

3,952

 

 

 

3,231

 

General and administrative expenses

 

 

7,033

 

 

 

3,335

 

 

 

15,577

 

 

 

12,480

 

Total stock-based compensation expense

 

$

11,374

 

 

$

4,861

 

 

$

24,747

 

 

$

17,472