Stockholders' Equity

6 Months Ended

Jun. 30, 2017

Stockholders’ Equity

Stock-based compensation: The Company included the following amounts for stock-based compensation expense, which related to stock options, restricted stock units ("RSUs"), and the Company’s employee stock purchase plan ("ESPP"), in the consolidated statements of comprehensive income (in thousands):



	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Cost of revenue	$	88	$	23	$	134	$	65
Engineering and technology	224		322		509		733
Sales and marketing	581		426		1,272		1,027
General and administrative	1,844		2,252		3,387		5,427
Restructuring	538		—		981		—
Total in continuing operations	3,275		3,023		6,283		7,252
Discontinued operations	—		1,170		—		2,741
Total	$	3,275	$	4,193	$	6,283	$	9,993

In the second quarter of 2017, the Company granted 350,000 non-qualified stock options to certain HD Vest financial advisors, who are considered non-employees. These stock options vest fully three years from the date of grant. The Company used the Black-Scholes-Merton valuation method to calculate stock-based compensation, using assumptions for the risk-free interest rate, expected dividend yield, expected volatility, and expected life under the same methodology that is used for employee grants. Since these are non-employee grants, stock-based compensation expense will be remeasured at the end of each quarter. For the three and six months ended June 30, 2017, stock-based compensation expense for these non-employees was $0.1 million and was recorded in "Cost of revenue" on the consolidated statements of comprehensive income.

Total net shares issued for stock options exercised, RSUs vested, and shares purchased pursuant to the ESPP were as follows (in thousands):



	Three months ended June 30,		Six months ended June 30,
	2017	2016	2017	2016
Stock options exercised	1,841	15	2,408	140
RSUs vested	204	235	351	324
Shares purchased pursuant to ESPP	—	—	76	77
Total	2,045	250	2,835	541