Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
Summary of Stock Options Activity

The activity for stock options under the Company’s stock plans for the six months ended June 30, 2020 is as follows:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

average

 

 

Per share

 

 

 

 

 

 

 

 

 

 

 

average

 

 

contractual

 

 

average

 

 

 

 

 

 

 

Price per

 

 

exercise

 

 

terms

 

 

intrinsic

 

 

 

Options

 

 

share

 

 

price

 

 

(in years)

 

 

value

 

Outstanding as of December 31, 2019

 

 

980,884

 

 

$0.75-$83.30

 

 

$

35.24

 

 

 

2.84

 

 

$

34.07

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(9,324

)

 

1.17-44.19

 

 

 

20.00

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(3,784

)

 

44.19-56.72

 

 

 

51.44

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding as of June 30, 2020

 

 

967,776

 

 

0.75-83.30

 

 

 

35.33

 

 

 

2.34

 

 

 

7.62

 

Vested and exercisable as of June 30, 2020

 

 

967,776

 

 

0.75-83.30

 

 

 

35.33

 

 

 

2.34

 

 

 

7.62

 

Vested and expected to vest as of June 30, 2020

 

 

967,776

 

 

$0.75-$83.30

 

 

$

35.33

 

 

 

2.34

 

 

$

7.62

 

Summary of Restricted Stock Activity

Stock Awards activity for the six months ended June 30, 2020 is summarized below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

grant

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

date fair

 

 

 

 

 

 

 

and

 

 

 

 

 

 

value

 

Restricted stock units

 

Time-based

 

 

time-based

 

 

Total

 

 

per share

 

Unvested restricted stock units as of December 31, 2019

 

 

108,976

 

 

 

3,134

 

 

 

112,110

 

 

$

83.48

 

Granted

 

 

181,313

 

 

 

88,458

 

 

 

269,771

 

 

 

44.88

 

Vested

 

 

(30,484

)

 

 

 

 

 

(30,484

)

 

 

88.71

 

Forfeited/canceled

 

 

(13,519

)

 

 

(3,134

)

 

 

(16,653

)

 

 

81.50

 

Unvested restricted stock units as of June 30, 2020 (1)

 

 

246,286

 

 

 

88,458

 

 

 

334,744

 

 

$

52.68

 

Unvested and expected to vest restricted stock units outstanding as

   of June 30, 2020

 

 

 

 

 

 

 

 

 

 

247,317

 

 

$

53.74

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

grant

 

 

 

 

 

 

 

Performance

 

 

 

 

 

 

date fair

 

 

 

 

 

 

 

and

 

 

 

 

 

 

value

 

Restricted stock awards

 

Time-based

 

 

time-based

 

 

Total

 

 

per share

 

Unvested restricted stock awards outstanding as of December 31, 2019

 

 

71,070

 

 

 

62,628

 

 

 

133,698

 

 

$

95.74

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

Vested

 

 

(14,480

)

 

 

 

 

 

(14,480

)

 

 

98.42

 

Forfeited/canceled

 

 

 

 

 

(29,273

)

 

 

(29,273

)

 

 

110.27

 

Unvested restricted stock awards outstanding as of June 30, 2020 (1)

 

 

56,590

 

 

 

33,355

 

 

 

89,945

 

 

$

91.45

 

Unvested and expected to vest restricted stock awards outstanding as

   of June 30, 2020

 

 

 

 

 

 

 

 

 

 

58,037

 

 

$

84.75

 

 

(1)

Outstanding restricted stock units and restricted stock awards are based on the maximum payout of the targeted number of shares.  

Summary of Stock-based Compensation Expense

Stock-based compensation

Stock-based compensation expense recognized for the three and six months ended June 30, 2020 and June 30, 2019, was as follows:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Stock-based compensation expense by type of award:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock option plan awards

 

$

184

 

 

$

776

 

 

$

709

 

 

$

1,923

 

Restricted stock units and restricted stock awards

 

 

892

 

 

 

791

 

 

 

2,975

 

 

 

3,048

 

Employee stock purchase plan

 

 

201

 

 

 

212

 

 

 

377

 

 

 

394

 

Total stock-based compensation expense

 

$

1,277

 

 

$

1,779

 

 

$

4,061

 

 

$

5,365

 

For the three and six months ended June 30, 2020 and June 30, 2019, respectively, stock-based compensation expense recognized under ASC 718, included in cost of revenue, research and development expense, sales and marketing expense, and general and administrative expense was as follows:

 

 

 

Three months ended

 

 

Six months ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of revenue

 

$

97

 

 

$

199

 

 

$

326

 

 

$

484

 

Research and development

 

 

173

 

 

 

227

 

 

 

493

 

 

 

604

 

Sales and marketing

 

 

459

 

 

 

336

 

 

 

1,071

 

 

 

1,026

 

General and administrative

 

 

548

 

 

 

1,017

 

 

 

2,171

 

 

 

3,251

 

Total stock-based compensation expense

 

$

1,277

 

 

$

1,779

 

 

$

4,061

 

 

$

5,365