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Employee Benefit Plans and Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Stock-Based Compensation [Abstract]  
Compensation costs related to stock-based awards

The following table summarizes compensation costs related to our stock-based awards (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2015

    

2014

    

2015

    

2014

 

Cost of revenue

 

$

5

 

$

4

 

$

15

 

$

14

 

Selling, general and administrative

 

 

260

 

 

227

 

 

902

 

 

716

 

Research and development

 

 

46

 

 

41

 

 

134

 

 

131

 

Total stock-based compensation

 

 

311

 

 

272

 

 

1,051

 

 

861

 

Tax effect on stock-based compensation

 

 

 

 

 

 

 

 

 

Net effect on net income (loss)

 

$

311

 

$

272

 

$

1,051

 

$

861

 

 

Weighted-average assumptions

The fair value of our stock options granted to employees for the three and nine months ended September 30, 2015 was estimated using the following weighted-average assumptions:

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2015

    

2015

 

Expected term (in years)

 

 —

 

1.0

 

Volatility

 

 —

%  

54.21

%

Expected dividend

 

 —

%  

 —

%

Risk-free interest rate

 

 —

%  

1.86

%

 

Summary of stock option activity

The following table summarizes the stock option transactions during the nine months ended September 30, 2015 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

    

 

    

 

 

    

average

    

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

 

 

 

 

 

Number of

 

average

 

Contractual

 

Aggregate

 

 

 

Options

 

Exercise

 

Life

 

Intrinsic

 

Stock Options

    

Outstanding

    

Price

    

(in years)

    

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2015

 

3,198

 

$

3.12

 

6.95

 

$

1,247

 

Granted

 

20

 

 

2.51

 

 

 

 

 

 

Exercised

 

(119)

 

 

1.38

 

 

 

 

 

 

Canceled and expired

 

(62)

 

 

3.86

 

 

 

 

 

 

Balance as of September 30, 2015

 

3,037

 

$

3.17

 

5.40

 

$

96

 

Options vested as of September 30, 2015 and unvested options expected to vest, net of forfeitures

 

3,037

 

$

3.17

 

5.40

 

$

96

 

Options exercisable as of September 30, 2015

 

2,033

 

$

3.50

 

4.38

 

$

96

 

 

Restricted stock awards

A summary of activity related to restricted stock awards for the nine months ended September 30, 2015 is presented below (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

 

 

 

Grant Date

 

Stock Awards

    

Shares

    

Fair Value

 

Non-vested as of  January 1, 2015

 

261

 

$

2.71

 

Granted

 

336

 

$

2.56

 

Vested

 

(118)

 

$

2.65

 

Forfeited

 

(13)

 

$

2.34

 

Non-vested as of  September 30, 2015

 

466

 

$

2.63