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Stockholders' Equity and Stock Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity
The following table summarizes the Company’s stock option activity:
Stock Options
SharesWeighted-Average Exercise Price
Outstanding at January 1, 20203,126,521 $11.61 
Granted— $— 
Exercised(45,000)$2.66 
Cancelled(2,292)$13.50 
Expired(148,013)$26.61 
Outstanding at September 30, 20202,931,216 $10.99 
Exercisable at September 30, 20202,847,738 $10.92 
Summary of Activity Related To Time-based Restricted Stock Units (RSUs) and Performance-based Restricted Stock Units (PSUs)
The following table summarizes the Company’s activity related to time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”):
RSUsPSUs
SharesWeighted-Average Grant Date Fair Value
Shares (1)
Weighted-Average Grant Date Fair Value
Outstanding at January 1, 2020661,258 $16.44 376,328 $20.65 
Granted624,415 $9.65 404,880 $8.86 
Vested(308,222)$16.06 (5,254)$28.72 
Cancelled(29,669)$16.89 (32,235)$28.72 
Outstanding at September 30, 2020947,782 $12.07 743,719 $13.82 
(1) The number of shares for 62,791 of the PSUs included in the outstanding balance at January 1, 2020 represents the actual number of PSUs granted to each recipient that are eligible to vest if the Company meets its performance goals for the applicable period. The number of shares for the remainder of the PSUs included in the outstanding balance at January 1, 2020 and for all of the PSUs granted in 2020 represents the “target” number of PSUs granted to each recipient eligible to vest if the Company meets its “target” performance goals for the applicable period. The actual number of PSUs eligible to vest for those PSUs will vary depending on whether or not the Company meets or exceeds the applicable threshold, target, or maximum performance goals for the PSUs, with 200% of the “target” number of PSUs eligible to vest at “maximum” performance levels.