Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Stock-Based Compensation Expense Related to all Stock Awards

The Company included total stock-based compensation expense related to all its stock awards in various operating expense categories for the three months and six months ended June 30, 2012 and 2011, as follows:

	Three Months Ended  June 30,				Six Months Ended  June 30,
	2012		2011		2012		2011
	(in thousands)
Product and content development	$	651	$	473	$	1,485	$	946
Sales and marketing		531		390		1,411		992
General and administrative		713		421		1,573		861
Total stock-based compensation	$	1,895	$	1,284	$	4,469	$	2,799

Summary of Stock Option Activity and Related Information

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 six months ended June 30, 2012:

	Shares			Weighted Average Exercise Price
	(in thousands)
Options outstanding at December 31, 2011		362		$	10.07
Options granted		-			-
Options exercised		-			-
Options forfeited		(161	)		18.13
Options outstanding at June 30, 2012		201		$	3.60

Options Outstanding

The following table summarizes information about options outstanding at June 30, 2012:

				Options Outstanding				Options Exercisable
Range of Exercise Price		Number Outstanding as of June 30, 2012		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price		Number Exercisable as of June 30, 2012		Weighted Average Exercise Price
		(in thousands)		(in years)				(in thousands)
	$1.37 to $4.10		201		1.66	$	3.60		201	$	3.60

Restricted Stock Activity

The following table summarizes the restricted stock activity for the six months ended June 30, 2012:

	Restricted Stock (in thousands)			Weighted Average Grant Date Fair Value (per share)
Unvested at December 31, 2011		1,627		$	9.43
Granted		594			9.01
Vested		(477	)		9.08
Forfeited		(77	)		9.61
Unvested at June 30, 2012		1,667		$	9.38

Fair Value of ESPP 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:

	Six Months Ended June 30,
	2012			2011
	ESPP Rights			ESPP Rights
Weighted average expected option lives		Six months			Six months
Risk-free rate		0.15	%		0.18	%
Expected volatility		29.40	%		21.00	%
Dividend yield		0.00	%		0.00	%