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Equity Incentive Awards (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Activity

The following table summarizes the Company’s option activity and related information:

 

 

Number of

Options

(in thousands)

 

 

Weighted-

Average

Exercise Price

 

 

Weighted-

Average

Remaining

Contractual Life

(in years)

 

 

Aggregate

Intrinsic Value

(in thousands)

 

Balance at December 31, 2017

 

6,695

 

 

$

4.51

 

 

 

 

 

 

 

 

 

Options granted

 

1,589

 

 

 

6.38

 

 

 

 

 

 

 

 

 

Options exercised

 

(1,489

)

 

 

0.38

 

 

 

 

 

 

 

 

 

Options cancelled

 

(518

)

 

 

5.98

 

 

 

 

 

 

 

 

 

Balance at June 30, 2018

 

6,277

 

 

$

5.84

 

 

 

7.4

 

 

$

10,653

 

Exercisable as of June 30, 2018

 

2,754

 

 

$

6.93

 

 

 

5.8

 

 

$

5,705

 

 

Summary of Restricted Stock Units Activity

The following table summarizes the Company’s RSUs activity and related information:

 

 

 

Number of Units

(in thousands)

 

 

Weighted-

Average Grant-

Date Fair Value

 

 

Weighted-

Average

Remaining

Contractual

Term (in years)

 

Outstanding at December 31, 2017

 

 

2,515

 

 

$

3.24

 

 

 

1.6

 

Granted

 

 

1,076

 

 

 

6.03

 

 

 

 

 

Vested and released

 

 

(571

)

 

 

3.46

 

 

 

 

 

Forfeited

 

 

(424

)

 

 

4.36

 

 

 

 

 

Outstanding at June 30, 2018

 

 

2,596

 

 

$

4.16

 

 

 

1.8

 

 

Stock-Based Compensation Expense

The following table presents, by operating expense, the Company’s stock-based compensation expense:

 

 

Three Months Ended

 

 

Six Months Ended

 

 

June 30,

 

 

June 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

(In thousands)

 

Research and development

$

821

 

 

$

1,395

 

 

$

3,199

 

 

$

2,637

 

General and administrative

 

5,005

 

 

 

848

 

 

 

6,056

 

 

 

1,502

 

Total stock-based compensation expense

$

5,826

 

 

$

2,243

 

 

$

9,255

 

 

$

4,139