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

The following is a summary of stock options activity during the year-ended December 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

 

 

(1,011,422

)

 

$

9.00

 

 

 

 

 

$

 

Options cancelled

 

 

(36,401

)

 

$

9.17

 

 

 

 

$

 

Balance—December 31, 2021

 

 

522,905

 

 

$

9.25

 

 

 

6.77

 

 

$

25,971

 

Exercisable as of December 31, 2021

 

 

520,256

 

 

$

9.25

 

 

 

6.77

 

 

$

25,971

 

Vested and expected to vest as of December 31, 2021

 

 

522,905

 

 

$

9.25

 

 

 

6.77

 

 

$

25,971

 

Summary of Restricted Stock Activity

A summary of restricted stock activity within the Company’s equity plans and changes for the year-ended December 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

 

 

2,028,547

 

 

$

15.56

 

Vested

 

 

(2,798,872

)

 

$

13.56

 

Forfeited

 

 

(382,884

)

 

$

14.59

 

Nonvested at December 31, 2021

 

 

2,106,180

 

 

$

14.94

 

Summary of Total Stock-based Compensation Expense by Function Stock-based compensation expense is allocated based on the cost center to which the award holder belongs. The following table summarizes the total stock-based compensation expense by function, including expense related to consultants for years-ended December 31, 2020 and 2021.

 

 

 

 

 

 

Years-End December 31,

 

 

 

2019

 

 

2020

 

 

2021

 

 

 

 

 

 

 

(in thousands)

 

Sales and distribution expenses

 

$

7,358

 

 

$

2,533

 

 

$

6,809

 

Research and development expenses

 

 

5,711

 

 

 

3,965

 

 

 

5,339

 

General and administrative expenses

 

 

21,612

 

 

 

16,218

 

 

 

16,839

 

Total stock-based compensation expense

 

$

34,681

 

 

$

22,716

 

 

$

28,987