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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Awards Granted

The following table summarizes the Company’s stock awards granted for each of the periods indicated:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

Stock options

 

 

152,248

 

 

$

51.64

 

 

 

359,182

 

 

$

68.31

 

 

 

1,297,747

 

 

$

72.50

 

 

 

2,011,863

 

 

$

43.17

 

Restricted stock units

 

 

78,073

 

 

$

99.52

 

 

 

5,990

 

 

$

138.04

 

 

 

483,703

 

 

$

132.45

 

 

 

175,410

 

 

$

76.27

 

Restricted stock awards

 

 

 

 

$

 

 

 

10,500

 

 

$

142.71

 

 

 

 

 

$

 

 

 

27,590

 

 

$

98.57

 

 

Summary of Stock-Based Compensation Expense by Function Included within Condensed Consolidated Statements of Operations and Comprehensive Loss The following table summarizes stock-based compensation expense by function included within the unaudited condensed consolidated statements of operations and comprehensive loss:

 

 

 

For the Three Months Ended

September 30,

 

 

For the Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Research and development

 

$

6,972

 

 

$

3,260

 

 

$

18,982

 

 

$

10,349

 

Selling, general and administrative

 

 

13,665

 

 

 

8,224

 

 

 

37,556

 

 

 

26,940

 

Total stock-based compensation expense

 

$

20,637

 

 

$

11,484

 

 

$

56,538

 

 

$

37,289

 

Summary of Stock-Based Compensation Expense by Grant Type Included within Condensed Consolidated Statements of Operations and Comprehensive Loss

 

The following table summarizes stock-based compensation expense by grant type included within the unaudited condensed consolidated statements of operations and comprehensive loss:

 

 

 

For the Three Months Ended

September 30,

 

 

For the Nine Months Ended

September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Stock options

 

$

13,941

 

 

$

9,007

 

 

$

39,175

 

 

$

27,362

 

Restricted stock awards/units

 

 

5,233

 

 

 

1,987

 

 

 

14,333

 

 

 

8,654

 

Employee stock purchase plan

 

 

1,463

 

 

 

490

 

 

 

3,030

 

 

 

1,273

 

Total stock-based compensation expense

 

$

20,637

 

 

$

11,484

 

 

$

56,538

 

 

$

37,289