Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.19.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Stock-based Compensation Expense Recorded in Operating Expenses

Stock-based compensation expense recorded in operating expenses was as follows (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Selling, general and administrative

 

$

6,319

 

 

$

370

 

Research and development

 

 

910

 

 

 

78

 

Stock-based compensation in operating expenses

 

$

7,229

 

 

$

448

 
Stock Options [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Options Activity

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Communicated Option Awards [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Options Activity

A summary of the activity and related information of the Communicated Option Awards classified as liabilities and communicated during the three months ended March 31, 2018, is presented below:

 

 

 

Liability-

Classified

Awards

(in shares)

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Life

(in years)

 

 

Aggregate

Intrinsic

Value

(in thousands)

 

Outstanding at December 31, 2017

 

 

933,500

 

 

$

3.92

 

 

 

3.57

 

 

$

19,676

 

Granted

 

 

30,000

 

 

 

25.00

 

 

 

10.00

 

 

 

 

 

Outstanding at March 31, 2018

 

 

963,500

 

 

$

4.58

 

 

 

4.71

 

 

$

19,676

 

Exercisable at March 31, 2018

 

 

769,507

 

 

$

3.19

 

 

 

4.00

 

 

$

14,015

 

Vested and expected to vest at March 31, 2018

 

 

963,500

 

 

$

4.58

 

 

 

4.71

 

 

$

19,676

 
Schedule of Fair Value of Options Using the Black Scholes Option Pricing Model and Assumptions Used

The fair value of the Communicated Option Awards was estimated using the Black Scholes option pricing model and the weighted-average assumptions used in the model are noted in the following table:

 

 

 

Three Months Ended

 

 

 

2019

 

2018

 

Risk-free interest rate

 

N/A

 

 

2.25

%

Volatility

 

N/A

 

 

44.00

%

Expected dividend yield

 

N/A

 

 

0.00

%

Expected life

 

N/A

 

 

2.5

 
Restricted Stock Units (RSUs) [Member]  
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]  
Schedule of Restricted Stock Units Activity

A summary of the activity and related information of the restricted stock units issued during the three months ended March 31, 2019 is presented below:

 

 

 

Restricted

Stock Units

 

 

Weighted

Average

Grant Date

Fair Value

 

Outstanding at December 31, 2018

 

 

1,494,111

 

 

$

26.91

 

Granted

 

 

30,882

 

 

 

7.48

 

Vested and Released

 

 

(147,719

)

 

 

28.94

 

Forfeited

 

 

(8,127

)

 

 

9.57

 

Outstanding at March 31, 2019

 

 

1,369,147

 

 

$

26.36