XML 42 R27.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average Assumptions of Fair Value Options Using Black-Scholes Option-Pricing Model
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
 
Three Months Ended
 
March 31,
 
2018
 
2017
Dividend yield
0.0%
 
0.0%
Risk-free interest rate
2.5% - 2.7%
 
1.9%
Expected life (in years)
5
 
5
Historical volatility
47.9% - 48.2%
 
47.0%
Summary of Stock Option Activity and Weighted Average Exercise Prices
A summary of the Company’s stock option activity and weighted average exercise prices follows:
 
Stock Option Activity
 
Weighted Average Remaining Contractual Term (in years)
 
Aggregate Intrinsic Value (in thousands)
 
Options (in thousands)
 
Weighted
Average
Exercise Price
 
 
Balance outstanding at December 31, 2017
7,959

 
$
10.71

 
 
 
 
Granted
1,378

 
12.82

 
 
 
 
Exercised
(735
)
 
8.95

 
 
 
 
Cancelled or expired
(174
)
 
9.22

 
 
 
 
Balance outstanding at March 31, 2018
8,428

 
$
11.24

 
6.46
 
$
43,795

Options vested and expected to vest
7,355

 
$
11.22

 
6.04
 
$
38,459

Options exercisable at March 31, 2018
4,661

 
$
11.43

 
4.33
 
$
23,614

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about outstanding and vested stock options as of March 31, 2018:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number of Shares Outstanding (in thousands)
 
Weighted-Average Remaining Contractual Life (Years)
 
Weighted-Average Exercise Price
 
Number of Shares (in thousands)
 
Weighted-Average Exercise Price
$1.79 - $7.33
 
854

 
4.71
 
$
6.17

 
616

 
$
5.85

$7.45 - $7.60
 
872

 
8.32
 
7.59

 
115

 
7.55

$7.95 - $9.55
 
1,058

 
6.16
 
9.20

 
740

 
9.18

$9.90 - $10.13
 
1,013

 
5.43
 
10.09

 
802

 
10.09

$10.31 - $11.95
 
855

 
7.33
 
11.22

 
323

 
11.03

$11.96 - $12.32
 
111

 
3.31
 
12.16

 
111

 
12.16

$12.45 - $12.45
 
930

 
9.88
 
12.45

 

 

$12.46 - $13.37
 
984

 
4.12
 
13.19

 
976

 
13.19

$13.59- $15.55
 
914

 
8.89
 
14.28

 
170

 
13.59

$15.66 - $18.24
 
837

 
3.80
 
17.09

 
807

 
17.13

 
 
 
 
 
 
 
 
 
 
 
 
 
8,427

 
6.46
 
$
11.24

 
4,661

 
$
11.43

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of the Company’s restricted stock units (“RSUs”) activity and weighted average exercise prices follows:
 
Restricted Stock Unit Activity
 
 
 
Number of Shares (in thousands)
 
Weighted Average
Grant Date Fair Value (Per Share)
 
Aggregate Fair Value (in thousands)
Balance outstanding at December 31, 2017
1,123

 
$
9.03

 
$

Awarded
724

 
13.12

 

Released
(124
)
 
9.73

 

Forfeited
(76
)
 
7.77

 

Non-vested and outstanding at March 31, 2018
1,647

 
$
10.83

 
$
23,935

Expected to vest
1,298

 
$
10.86

 
$
21,219