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Share-Based Compensation
3 Months Ended
Mar. 31, 2019
Share Based Compensation [Abstract]  
Share-Based Compensation

NOTE 6 – Share-Based Compensation

The table below sets forth the line items where share-based compensation expense was recorded:

 

Three Months Ended

 

 

March 31,

 

 

2019

 

 

2018

 

Cost of goods sold

$

125

 

 

$

90

 

Selling, general and administrative

 

3,637

 

 

 

5,454

 

Research and development

 

715

 

 

 

736

 

Total share-based compensation expense

$

4,477

 

 

$

6,280

 

 

The table below sets forth share-based compensation expense by type:

 

 

Three Months Ended

 

 

March 31,

 

 

2019

 

 

2018

 

Stock options

$

-

 

 

$

191

 

Share grants

 

4,477

 

 

 

6,089

 

Total share-based compensation expense

$

4,477

 

 

$

6,280

 

 

Stock Options. Approximately $6.7 million in cash proceeds was received from stock option exercises during the three months ended March 31, 2019.

As of March 31, 2019, we had no unrecognized share-based compensation expense related to unvested stock options.  

Share Grants. Restricted stock awards and restricted stock units generally vest in equal annual installments over a four-year period.   We also have share grants that are performance-based and time-based that vest upon achievement of certain performance criteria over time.             

As of March 31, 2019, total unrecognized share-based compensation expense related to share grants was approximately $40.1 million, before income taxes, and is expected to be recognized over a weighted average period of approximately 2.1 years.