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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following is a summary of stock option activity during the three months ended March 31, 2021:

 

 

 

Options Outstanding

 

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Life (years)

 

 

Aggregate

Intrinsic

Value

 

Balance—January 1, 2021

 

 

1,570,728

 

 

$

9.09

 

 

 

7.71

 

 

$

12,756

 

Options granted

 

 

 

 

$

 

 

 

 

 

$

 

Options exercised

 

 

(978,495

)

 

$

9.01

 

 

 

 

 

$

 

Options cancelled

 

 

 

 

$

 

 

 

 

 

$

 

Balance—March 31, 2021

 

 

592,233

 

 

$

9.22

 

 

 

7.56

 

 

$

12,013

 

Exercisable as of March 31, 2021

 

 

370,183

 

 

$

9.09

 

 

 

7.48

 

 

$

7,556

 

Vested and expected to vest as of March 31, 2021

 

 

592,233

 

 

$

9.22

 

 

 

7.56

 

 

$

12,013

 

Summary of Restricted Stock Award Activity

A summary of restricted stock award activity within the Company’s equity plans and changes for the three months ended March 31, 2021 is as follows:

 

Restricted Stock Awards

 

Shares

 

 

Weighted

Average Grant-

Date Fair Value

 

Nonvested at January 1, 2021

 

 

3,259,389

 

 

$

13.51

 

Granted

 

 

 

 

$

 

Vested

 

 

(542,834

)

 

$

15.77

 

Forfeited

 

 

 

 

$

 

Nonvested at March 31, 2021

 

 

2,716,555

 

 

$

11.81

 

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 months ended March 31, 2020 and 2021:

 

 

 

Three Months Ended March 31,

 

 

 

2020

 

 

2021

 

 

 

(in thousands)

 

Sales and distribution expenses

 

$

1,592

 

 

$

955

 

Research and development expenses

 

 

1,273

 

 

 

883

 

General and administrative expenses

 

 

4,574

 

 

 

5,061

 

Total stock-based compensation expense

 

$

7,439

 

 

$

6,899