XML 36 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense
The Company included total stock-based compensation expense related to all its stock awards in various operating expense categories for the three months ended March 31, 2013 and 2012, as follows:
 
 
Three months ended March 31,
  
 
2013
 
2012
  
 
(In Thousands)
Product and content development
 
$
556

 
$
834

Sales and marketing
 
341

 
880

General and administrative
 
407

 
860

Total stock-based compensation
 
$
1,304

 
$
2,574

Summary of Stock Option Activity and Related Information, without Regard for Estimated Forfeitures
The following table represents a summary of the Company’s stock option activity under the 2009 Stock Incentive Plan and the 2000 Non-Officer Stock Incentive Plan and related information, without regard for estimated forfeitures, for the three months ended March 31, 2013:
 
 
Shares
 
Weighted Average Exercise
Price
  
 
(In Thousands)
 
  
Options outstanding at December 31, 2012
 
201

 
$
3.60

Options granted
 

 

Options exercised
 
(9
)
 
3.14

Options forfeited
 

 

Options outstanding at March 31, 2013
 
192

 
$
3.62

Information about Options Outstanding
The following table summarizes information about options outstanding at March 31, 2013:
Range of Exercise Price
 
Number Outstanding and Exercisable as of March 31, 2013
 
Weighted
Average Remaining Contractual Life (in Years)
 
Weighted
Average
Exercise
Price
  
 
(In Thousands)
 
  
 
  
$1.37 to $4.10
 
192

 
0.92
 
$
3.62

Restricted Stock Activity
The following table summarizes the restricted stock activity for the three months ended March 31, 2013:
 
 
Restricted Stock
 
Weighted Average Grant Date
Fair Value
(per share)
  
 
(In Thousands)
 
  
Unvested as of December 31, 2012
 
1,539

 
$
9.38

Granted
 
1,180

 
9.25

Vested
 
(424
)
 
8.98

Forfeited
 
(114
)
 
9.51

Unvested as of March 31, 2013
 
2,181

 
$
9.38

Fair Value of Employee Stock Purchase Plan Estimated using Black-Scholes Option Pricing Model
The fair value of ESPP rights have been estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:
 
 
Three Months Ended March 31,
  
 
2013
 
2012
  
 
ESPP Rights
 
ESPP Rights
Expected term
 
6 months
 
6 months
Risk-free rate
 
0.11%
 
0.15%
Expected volatility
 
19.9%
 
29.4%
Dividend yield
 
—%
 
—%