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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense

The Company maintains several stock-based compensation plans, which are more fully described below. The Company includes total stock-based compensation expense related to all its stock awards in various operating expense categories for the years ended December 31, 2015, 2014 and 2013, as shown in the table below. Stock based compensation expense included $0.5 million related to liability awards for the year ended December 31, 2014. There was no material expense related to liability award for the years ended December 31, 2015 and 2013.
 
 
Year Ended December 31,
  
 
2015
 
2014
 
2013
  
 
(In Thousands)
Product and content development
 
$
1,817

 
$
2,020

 
$
2,391

Sales and marketing
 
1,384

 
1,533

 
1,591

General and administrative
 
2,791

 
2,586

 
2,715

Total stock-based compensation
 
$
5,992

 
$
6,139

 
$
6,697

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 and 2000 Plans and related information, without regard for estimated forfeitures, for the years ended December 31, 2015 and 2014:

 
 
Shares
 
Weighted Average Exercise
Price
  
 
(In Thousands)
 
  
Options outstanding at December 31, 2013
 
281

 
$
8.79

Options granted
 
100

 
10.28

Options exercised
 
(131
)
 
4.00

Options forfeited
 
(100
)
 
10.28

Options outstanding at December 31, 2014
 
150

 
12.97

Options granted
 
280

 
16.35

Options exercised
 

 

Options forfeited
 
(27
)
 
16.66

Options outstanding at December 31, 2015
 
403

 
$
15.07

Fair Value of Options Estimated using Black-Scholes Option Pricing Model
The fair value of the options granted during the year ended December 31, 2015 have been estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:
  
 
Year Ended December 31,
 
 
2015

2014
 
2013
Expected term
 
6.25 - 7.00 years
 
3.75 years
 
3.75 years
Risk-free rate
 
2.1% - 2.3%
 
1.4% - 1.7%
 
1.4% - 1.6%
Expected volatility
 
38.3% - 47.3%
 
36.7% - 37.1%
 
37.0% - 37.1%
Dividend yield
 
—%
 
—%
 
—%
Information about Options Outstanding
The following table summarizes information about options outstanding and exercisable at December 31, 2015:

Options Outstanding
 
Options Exercisable
Number Outstanding as of December 31, 2015
 
Weighted
Average Remaining Contractual Life (in Years)
 
Weighted
Average
Exercise
Price
 
Number Exercisable as of December 31, 2015
 
Weighted
Average Remaining Contractual Life (in Years)
 
Weighted
Average
Exercise
Price
(In Thousands)
 
  
 
  
 
(In Thousands)
 
 
 
 
403

 
6.83
 
$
15.07

 
75

 
2.73
 
$
12.97


Restricted Stock Activity
The following table summarizes the activity for awards of restricted stock with service-based vesting terms for the years ended December 31, 2015 and December 31, 2014:
 
 
Restricted Stock
 
Weighted Average Grant Date
Fair Value
(per share)
  
 
(In Thousands)
 
  
Unvested as of December 31, 2013
 
2,310

 
$
10.01

Granted
 
412

 
11.73

Vested
 
(931
)
 
9.67

Forfeited
 
(526
)
 
9.97

Unvested as of December 31, 2014
 
1,265

 
10.84

Granted
 
457

 
16.30

Vested
 
(470
)
 
11.15

Forfeited
 
(238
)
 
11.07

Unvested as of December 31, 2015
 
1,014

 
$
13.11

Shares Issued Under the Employee Stock Purchase Plan
During the years ended December 31, 2015 and 2014, the Company issued shares of common stock under the 2009 ESPP, as follows:

Offering Period Purchase Date
Number of Shares
Purchase Price
 
(In Thousands)
 
January 31, 2014
18

$
10.26

July 31, 2014
20

$
10.31

Total 2014
38

 
January 31, 2015
20

$
9.36

July 31, 2015
25

$
12.61

Total 2015
45

 
Fair Value of Employee Stock Purchase Plan Estimated using Black-Scholes Option Pricing Model
The fair value of 2009 ESPP rights have been estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions:
 
 
Year Ended December 31,
  
 
2015
 
2014
 
2013
  
 
ESPP Rights
 
ESPP Rights
 
ESPP Rights
Expected term
 
6 months
 
6 months
 
6 months
Risk-free rate
 
0.05%
 
0.05% - 0.06%
 
0.08% - 0.11%
Expected volatility
 
17.4 - 23.8%
 
25.2% - 29.3%
 
19.9% - 20.3%
Dividend yield
 
—%
 
—%
 
—%