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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Summary of Stock Option Activity
The following table summarizes the Company’s stock option activity during the six months ended June 30, 2018:
(in thousands)
Number of shares
 
Weighted average exercise price
 
Weighted average remaining contractual term (years)
 
Aggregate intrinsic value
Outstanding, December 31, 2017
5,369

 
$1.09
 
7.4
 
$29,863
Options granted
357

 
$9.71
 
 
 
 
Options exercised
(141
)
 
$0.88
 
 
 
 
Options canceled
(18
)
 
$1.50
 
 
 
 
Outstanding, June 30, 2018
5,567

 
$1.65
 
7.2
 
$174,883
Options exercisable at June 30, 2018
2,707

 
$0.88
 
6.6
 
$87,093
Options vested as of June 30, 2018 and expected to vest after June 30, 2018
4,624

 
$1.65
 
7.7
 
$145,939
Summary of Restricted Stock and Restricted Stock Unit Activity
Restricted stock award activity during the six months ended June 30, 2018 was as follows:
(in thousands)
Number of restricted stock awards
 
Weighted average grant date fair value
Outstanding, December 31, 2017

 
$0.00
Awards granted
115

 
$37.15
Awards vested

 
$0.00
Awards canceled

 
$0.00
Outstanding, June 30, 2018
115

 
$37.15
Restricted stock unit activity during the six months ended June 30, 2018 was as follows:
(in thousands)
Number of restricted stock units
 
Weighted average grant date fair value
Outstanding, December 31, 2017

 
$0.00
Units granted
443

 
$36.28
Units vested

 
$0.00
Units canceled

 
$0.00
Outstanding, June 30, 2018
443

 
$36.28
Total Compensation Cost Related to Nonvested Awards Not Yet Recognized
Total compensation cost related to nonvested options, restricted stock units and restricted stock awards not yet recognized is $22.8 million, which will be recognized during the remainder of 2018 and subsequent years as follows:
(in thousands)
2018
$
3,683

2019
7,023

2020
6,051

2021
4,344

2022
1,652

2023
9

 
$
22,762