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Stock Options And Employee Stock Purchase Plan (Tables)
6 Months Ended
Jun. 30, 2012
Stock Options Activity
The following table represents stock option activity for the six months ended June 30, 2012:
 
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2012
2,087,695

 
$
20.99

 
 
 
 
Granted
57,000

 
27.04

 
 
 
 
Exercised
(225,410
)
 
13.27

 
 
 
 
Canceled
(16,000
)
 
33.54

 
 
 
 
Outstanding at June 30, 2012
1,903,285

 
21.98

 
5.6
 
$
11,001,387

Exercisable at June 30, 2012
1,212,489

 
21.45

 
4.5
 
$
7,867,462

Vested and expected to vest at June 30, 2012
1,803,435

 
$
21.82

 
5.4
 
$
10,701,380


Assumptions To Estimate Fair Value Of Stock Options
The weighted-average fair values of stock options granted have been estimated utilizing the following assumptions:

 
Six Months Ended June 30,
 
2012
 
2011
Risk-free interest rate
0.97%
 
2.39%
Expected term (in years)
5.7
 
6.5
Dividend yield
3.43%
 
—%
Expected volatility
41%
 
42%
Weighted-average volatility
41%
 
42%
Allocation Of Share-Based Compensation Expense
The following table represents share-based compensation expense included in cost of revenues and operating expenses in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2012 and 2011 (in thousands):

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2012
 
2011
 
2012
 
2011
Cost of revenues
$
192

 
$
246

 
$
434

 
$
490

Operating expenses:
 

 
 

 
 
 
 

Sales and marketing
352

 
351

 
727

 
699

Research, development and engineering
117

 
110

 
233

 
257

General and administrative
1,494

 
1,524

 
3,054

 
2,990

Total
$
2,155

 
$
2,231

 
$
4,448

 
$
4,436


Restricted Stock [Member]
 
Restricted Stock And Restricted Stock Unit Award Activity
Restricted stock award activity for the six months ended June 30, 2012 is set forth below:
 
 
Shares
 
Weighted-Average
Grant-Date
Fair Value
Nonvested at January 1, 2012
742,683

 
$
20.87

Granted
88,544

 
25.47

Vested
(184,652
)
 
20.37

Canceled
(900
)
 
29.21

Nonvested at June 30, 2012
645,675

 
$
21.63

Restricted Stock Units (RSUs) [Member]
 
Restricted Stock And Restricted Stock Unit Award Activity
Restricted stock unit award activity for the six months ended June 30, 2012 is set forth below:

 
Number of
Shares
 
 
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2012
32,750

 
 
 
 
 
 
Granted
64,166

 
 
 
 
 
 
Vested
(1,500
)
 
 
 
 
 
 
Canceled

 
 
 
 
 
 
Outstanding at June 30, 2012
95,416

 
 
 
3.0
 
$
2,520,891

Vested and expected to vest at June 30, 2012
60,453

 
 
 
3.0
 
$
1,597,179