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Stockholders' Equity and Stock Based Compensation
 6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stockholders' Equity and Stock-Based Compensation
Stockholders’ Equity and Stock Based Compensation

The Company maintains several stock-based compensation plans, which are more fully described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

During the three and six months ended June 30, 2015, common stock outstanding decreased as a result of the following activity:
 
 
Three Months Ended June 30, 2015
 
Six Months Ended June 30, 2015
 
 
(In Thousands)
Opening balance as of March 31, 2015 and December 31, 2014, respectively
 
26,468

 
26,631

 
 
 
 
 
Issuance of shares of restricted common stock, net of cancellations
 
13

 
304

Issuance of shares of common stock pursuant to the employee stock purchase plan
 
—

 
19

Shares of common stock repurchased and retired
 
(171
)
 
(514
)
Shares of restricted common stock surrendered for income tax purposes
 
(14
)
 
(144
)
 
 
(172
)
 
(335
)
 
 
 
 
 
Ending balance as of June 30, 2015
 
26,296

 
26,296

 
 
 
 
 
Shares of restricted common stock vested
 
46

 
392



During the six months ended June 30, 2015, the Company repurchased shares totaling $8.8 million under the board approved $20.0 million repurchase authorization. Included in this repurchase were 96,948 shares of common stock repurchased on May 20, 2015 for $1.6 million from the wife of David Liu, Chairman of the Company’s Board of Directors, in a privately negotiated share repurchase transaction. The repurchase price was the closing market price of the shares on the day of the repurchase. The transaction was settled in May 2015 and decreased the Company’s common stock by a minimal amount, decreased additional paid in capital by $0.6 million and increased accumulated deficit by $1.0 million within stockholders’ equity.

The Company included total stock-based compensation expense related to all its stock awards in various operating expense categories for the three and six months ended June 30, 2015 and 2014, as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
  
 
2015
 
2014
 
2015
 
2014
  
 
(In Thousands)
Product and content development
 
$
513

 
$
626

 
$
1,097

 
$
1,069

Sales and marketing
 
353

 
488

 
723

 
727

General and administrative
 
771

 
696

 
1,297

 
1,202

Total stock-based compensation
 
$
1,637

 
$
1,810

 
$
3,117

 
$
2,998