Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation

v3.21.2
Stock-Based Compensation
 6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation
NOTE 8—STOCK-BASED COMPENSATION
The Company's Stock Incentive Plan allows for grants of incentive stock options, non-statutory stock options, restricted stock awards, restricted stock units, and other stock-based or cash-based awards.
Stock-Based Compensation Expense
Stock-based compensation expense consisted of the following:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2021 2020 2021 2020
Stock options $ 1,861  $ 1,755  $ 3,771  $ 3,459 
Restricted stock units 3,088  2,282  6,052  4,253 
Total $ 4,949  $ 4,037  $ 9,823  $ 7,712 
Stock Options
During the six months ended June 30, 2021, the Company granted a total of 533,105 stock options at a weighted average grant date fair value of $17.52 per share. As of June 30, 2021, unrecognized costs related to outstanding stock options totaled $15.6 million,
before any related tax benefit. As of June 30, 2021, unrecognized costs related to stock options are expected to be recognized over a weighted average period of 2.77 years.
Restricted Stock Units
During the six months ended June 30, 2021, the Company granted 171,773 restricted stock units at a weighted average grant date fair value of $96.16 per share. As of June 30, 2021, unrecognized costs related to outstanding restricted stock units totaled $26.3 million, before any related tax benefit. As of June 30, 2021, unrecognized costs related to restricted stock units are expected to be recognized over a weighted average period of 2.53 years.