Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based compensation expense included in costs and expenses

	Three Months Ended March 31,
	2016		2015
	(in thousands)
Share-based compensation expense:
Cost of revenues	$	14	$	25
Sales and marketing (1)		632		140
Technology support (2)		332		74
General and administrative (3)		388		417
Share-based compensation costs		1,366		656
Amount capitalized to internal use software		2		3
Total share-based compensation costs	$	1,364	$	653

(1)  Certain awards were modified in connection with the termination of one of the Company’s executive officer’s employment with the Company and their vesting accelerated in accordance with the terms of the applicable option agreements.  The total expense related to these modifications and acceleration of vested awards was approximately $0.3 million in the three months ended March 31, 2016.

(2)  The vesting of certain awards was accelerated in accordance with the terms of the applicable option agreements in connection with the termination of one of the Company’s executive officer’s employment with the Company.  The total expense related to acceleration of vested awards was approximately $0.2 million in the three months ended March 31, 2016.

(3)  Certain awards were modified in accordance with the Company’s former Chief Financial Officer’s consulting agreement and their vesting accelerated in accordance with the terms of the applicable option agreements.  The total expense related to these modifications and acceleration of vested awards was approximately $0.2 million in the three months ended March 31, 2015.

Service based options granted during period

	Three Months Ended March 31,
	2016		2015
Number of service-based options granted		428,900		315,050
Weighted average grant date fair value	$	8.12	$	4.65
Weighted average exercise price	$	17.12	$	10.22

Stock option exercises

	Three Months Ended March 31,
	2016		2015
Number of stock options exercised		53,839		253
Weighted average exercise price	$	12.97	$	7.17

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

	Three Months Ended March 31,
	2016			2015
Dividend yield		—			—
Volatility		58	%		56%
Risk-free interest rate		1.3	%		1.2%
Expected life (years)		4.4			4.4