Share-based Compensation (Tables)

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Share-based Compensation

The Company included the following amounts for share-based compensation awards in the unaudited condensed consolidated statements of operations (in thousands):

	Three Months Ended March 31,
	2021		2020
Cost of revenues	$	1,578	$	228
Research and development	3,228		292
Sales and marketing	1,988		463
General and administrative	2,304		570
Total1	$	9,098	$	1,553

1During the quarter ended March 31, 2021, the Board of Directors of the Company approved and the Company granted restricted stock units to eligible employees under the 2018 Omnibus Incentive Compensation Plan, previously named the Amended and Restated 2009 Omnibus Incentive Compensation Plan (the “2018 Plan”) that were immediately vested, as fiscal 2020 annual bonus payments. The total charges recorded during the quarter were $7.0 million.

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity:

Outstanding — December 31, 2020	8,479,979
Granted	—
Exercised	(693,435)
Canceled	(159,545)
Outstanding — March 31, 2021	7,626,999
Exercisable — March 31, 2021	4,259,416

Summary of Restricted Stock Unit Activity

The following table summarizes the Company’s restricted stock unit (“RSU”) activity:

Non-vested — December 31, 2020	417,105
Granted	729,252
Vested	(737,741)
Forfeited	(8,750)
Non-vested — March 31, 2021	399,866