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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2020
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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

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

 

 

73,494

 

 

$

73.16

 

 

 

155,265

 

 

$

67.80

 

 

 

1,158,824

 

 

$

57.84

 

 

 

1,145,499

 

 

$

75.27

 

Restricted stock units

 

 

44,527

 

 

$

143.84

 

 

 

81,000

 

 

$

121.34

 

 

 

543,437

 

 

$

116.70

 

 

 

405,630

 

 

$

138.79

 

 

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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

(in thousands)

 

Research and development

 

$

11,140

 

 

$

6,923

 

 

$

20,389

 

 

$

12,010

 

Selling, general and administrative

 

 

16,476

 

 

 

12,839

 

 

 

31,251

 

 

 

23,891

 

Total stock-based compensation expense

 

$

27,616

 

 

$

19,762

 

 

$

51,640

 

 

$

35,901

 

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,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

(in thousands)

 

Stock options

 

$

17,848

 

 

$

13,777

 

 

$

33,203

 

 

$

25,234

 

Restricted stock awards/units

 

 

8,352

 

 

 

5,184

 

 

 

15,097

 

 

 

9,100

 

Employee stock purchase plan

 

 

1,416

 

 

 

801

 

 

 

3,340

 

 

 

1,567

 

Total stock-based compensation expense

 

$

27,616

 

 

$

19,762

 

 

$

51,640

 

 

$

35,901