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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 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

 

 

(29,705

)

 

$

9.23

 

 

 

 

 

$

 

Balance—June 30, 2021

 

 

562,528

 

 

$

9.21

 

 

 

7.31

 

 

$

3,049

 

Exercisable as of June 30, 2021

 

 

467,528

 

 

$

9.12

 

 

 

7.26

 

 

$

2,574

 

Vested and expected to vest as of June 30, 2021

 

 

562,528

 

 

$

9.21

 

 

 

7.31

 

 

$

3,049

 

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, 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

 

 

1,895,642

 

 

$

16.15

 

Vested

 

 

(1,460,312

)

 

$

15.68

 

Forfeited

 

 

(258,971

)

 

$

13.53

 

Nonvested at June 30, 2021

 

 

3,435,748

 

 

$

13.88

 

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 six months ended June 30, 2020 and 2021:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

 

(in thousands)

 

 

(in thousands)

 

Sales and distribution expenses

 

$

(579

)

 

$

1,569

 

 

$

1,013

 

 

$

2,524

 

Research and development expenses

 

 

1,179

 

 

 

1,221

 

 

 

2,452

 

 

 

2,104

 

General and administrative expenses

 

 

4,571

 

 

 

2,072

 

 

 

9,145

 

 

 

7,132

 

Total stock-based compensation expense

 

$

5,171

 

 

$

4,862

 

 

$

12,610

 

 

$

11,760