SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2015

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

NOTE 10.  SHAREHOLDERS’ EQUITY

Option Exercises

For the three and six months ended June 30, 2015, employees exercised options to purchase 354,252 and 784,724 shares of the Company’s common stock, respectively, with net proceeds to the Company of approximately $2.3 million and $5.6 million, respectively. For the three and six months ended June 30, 2014, employees exercised options to purchase 543,680 and 968,573 shares of the Company’s common stock, respectively, with net proceeds to the Company of approximately $2.5 million and $4.8 million, respectively.

Common Stock

On May 12, 2015, the shareholders of the Company approved a proposed amendment to the Company’s Amended and Restated Articles of Incorporation to increase the number of authorized shares of common stock by 100,000,000 shares, from 100,000,000 shares to 200,000,000 shares.