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Stockholders' equity (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Stock Option Transactions and Number of Stock Options Outstanding

Stock option transactions and the number of stock options outstanding are summarized below:

 

     NUMBER OF
SHARES
    WEIGHTED
AVERAGE
EXERCISE PRICE
     WEIGHTED
AVERAGE
REMAINING
CONTRACTUAL
LIFE

(IN YEARS)
     AGGREGATE
INTRINSIC VALUE
(IN THOUSANDS)
 

Outstanding at December 31, 2017

     2,069,167     $ 12.18        7.76      $ 3,187  

Options granted

     2,056,640       9.09        

Options exercised

     (64,938     9.28        

Options expired

     (520     10.56        

Options forfeited

     (1,163,055     14.70        
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at December 31, 2018

     2,897,294     $ 9.04        7.96      $ —    
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable as of December 31, 2018

     1,202,066     $ 11.03        6.13      $ —    
Schedule of Weighted Average Assumptions

The fair value of stock options granted is estimated using the Black-Scholes option pricing model with the following weighted average assumptions:

 

     YEARS ENDED DECEMBER 31,  
     2018     2017     2016  

Expected volatility

     80     84     82

Expected dividends

     0     0     0

Expected terms (years)

     6.00       6.00       6.00  

Risk free rate

     2.80     1.90     1.24

Weighted average grant-date fair value of stock options

   $ 6.24     $ 11.85     $ 6.11