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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-based compensation expense included in costs and expenses

Share-based compensation expense is included in costs and expenses in the Consolidated Statements of Income and Comprehensive Income as follows:  

 

      Years Ended December 31,  
      2015     2014     2013  
      (in thousands)  
Share-based compensation expense:                    
Cost of revenues   $ 150     $ 69     $ 50  
Sales and marketing     713       544       153  
Technology support     518       251       206  
General and administrative     1,185       562       297  
          Share-based compensation expense     2,566       1,426       706  
                         
Amount capitalized to internal use software     9       5       2  
                         
Total share-based compensation expense   $ 2,557     $ 1,421     $ 704  

 
Fair value of stock options granted using the following weighted average assumptions

Based on the Black-Scholes option-pricing model on the date of grant using the following weighted average assumptions:

 

    Years Ended December 31,  
    2015     2014     2013  
Expected volatility   56%       56%       65%  
Expected risk-free interest rate   1.3%       1.4%       0.8%  
Expected life (years)   4.4       4.3       4.3  

 
Outstanding stock options

A summary of the Company’s outstanding stock options as of December 31, 2015, and changes during the year then ended is presented below: 

 

   

Number of

Options

    

Weighted Average

Exercise Price

per Share

    

Weighted

Average

Remaining

Contractual

Term

    

Aggregate

Intrinsic

Value

  
                (years)     (thousands)  
Outstanding at December 31, 2014     1,971,269     $ 7.73       4.5        
Granted     606,750       12.45                
Exercised     (145,979 )     8.19                
Forfeited or expired     (80,099 )     14.43                
Outstanding at December 31, 2015     2,351,941     $ 8.70       4.2     $ 32,616  
Vested and expected to vest at December 31, 2015     2,262,633     $ 8.60       4.2     $ 31,597  
Exercisable at December 31, 2015     1,539,979     $ 6.65       3.3     $ 24,510  

 
Shares reserved for issuance

The Company had the following shares of common stock reserved for future issuance upon the exercise or issuance of equity instruments as of December 31, 2015:

 

    Number of Shares  
Stock options outstanding     2,351,941  
Authorized for future grants under stock-based incentive plans     315,273  
Reserved for conversion of preferred shares issued in relation to AutoWeb     1,680,070  
Reserved for exercise of warrants     1,552,330  
Reserved for conversion of promissory notes     61,200  
Total     5,960,814