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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Awards Granted

The following table summarizes the Company’s stock awards granted for each of the periods indicated:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

 

Grants

 

 

Weighted

Average

Grant

Date Fair

Value

 

Stock options

 

 

155,265

 

 

$

67.80

 

 

 

528,096

 

 

$

45.45

 

 

 

1,145,499

 

 

$

75.27

 

 

 

1,652,681

 

 

$

37.71

 

Restricted stock units

 

 

81,000

 

 

$

121.34

 

 

 

18,695

 

 

$

95.38

 

 

 

405,630

 

 

$

138.79

 

 

 

169,420

 

 

$

74.09

 

Restricted stock awards

 

 

 

 

$

 

 

 

 

 

$

 

 

 

 

 

$

 

 

 

17,090

 

 

$

71.45

 

 

Summary of Stock-Based Compensation Expense by Function Included within Condensed Consolidated Statements of Operations and Comprehensive Loss The following table summarizes stock-based compensation expense by function included within the unaudited condensed consolidated statements of operations and comprehensive loss:

 

 

 

For the Three Months Ended

June 30,

 

 

For the Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Research and development

 

$

6,923

 

 

$

5,029

 

 

$

12,010

 

 

$

7,089

 

Selling, general and administrative

 

 

12,839

 

 

 

10,250

 

 

 

23,891

 

 

 

18,716

 

Total stock-based compensation expense

 

$

19,762

 

 

$

15,279

 

 

$

35,901

 

 

$

25,805

 

Summary of Stock-Based Compensation Expense by Grant Type Included within Condensed Consolidated Statements of Operations and Comprehensive Loss

 

The following table summarizes stock-based compensation expense by grant type included within the unaudited condensed consolidated statements of operations and comprehensive loss:

 

 

 

For the Three Months Ended

June 30,

 

 

For the Six Months Ended

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

 

 

(in thousands)

 

Stock options

 

$

13,777

 

 

$

9,382

 

 

$

25,234

 

 

$

18,355

 

Restricted stock awards/units

 

 

5,184

 

 

 

5,407

 

 

 

9,100

 

 

 

6,667

 

Employee stock purchase plan

 

 

801

 

 

 

490

 

 

 

1,567

 

 

 

783

 

Total stock-based compensation expense

 

$

19,762

 

 

$

15,279

 

 

$

35,901

 

 

$

25,805