Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation and Employee Benefit Plans (Tables)

v3.10.0.1
Stock-Based Compensation and Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
The Company recognizes stock-based compensation in the consolidated statements of income, based on the department to which the related employee reports, as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2018
 
2017
 
2018
 
2017
 
(in thousands)
 
(in thousands)
Cost of net revenue
$
120

 
$
79

 
$
226

 
$
138

Research and development
4,454

 
4,011

 
8,828

 
7,504

Selling, general and administrative
2,735

 
3,024

 
6,728

 
4,946

Restructuring
—

 
4,514

 
—

 
4,514

 
$
7,309

 
$
11,628

 
$
15,782

 
$
17,102

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of the Company’s restricted stock unit and restricted stock award activity is as follows:
 
Number of Shares
(in thousands)
 
Weighted-Average Grant-Date Fair Value per Share
Outstanding at December 31, 2017
3,183

 
$
20.13

Granted
1,979

 
19.70

Vested
(987
)
 
18.73

Canceled
(307
)
 
20.86

Outstanding at June 30, 2018
3,868

 
20.23

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The fair values of employee stock purchase rights were estimated using the Black-Scholes option pricing model at their respective grant date using the following assumptions:
 
Six Months Ended
 
June 30, 2018
Weighted-average grant date fair value per share
$
5.37

Risk-free interest rate
2.09
%
Dividend yield
—
%
Expected life (in years)
0.50

Volatility
46.00
%
Share-based Compensation, Stock Options, Activity
A summary of the Company’s stock options activity is as follows:
 
Number of Options
(in thousands)
 
Weighted-Average Exercise Price
 
Weighted-Average Contractual Term (in years)
 
Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2017
3,069

 
$
8.95

 
 
 
 
Exercised
(272
)
 
7.73

 
 
 
 
Canceled
(33
)
 
14.83

 
 
 
 
Outstanding at June 30, 2018
2,764

 
$
9.00

 
2.09
 
$
19,932

Vested and expected to vest at June 30, 2018
2,738

 
$
8.93

 
2.06
 
$
19,902

Exercisable at June 30, 2018
2,484

 
$
8.25

 
1.79
 
$
19,479