XML 41 R27.htm IDEA: XBRL DOCUMENT v3.10.0.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2018
 
2017
 
2018
 
2017
Dividend yield
0.0%
 
0.0%
 
0.0%
 
0.0%
Risk-free interest rate
2.6% - 2.8%
 
1.7% - 1.9%
 
2.5% - 2.8%
 
1.7% - 1.9%
Expected life (in years)
5
 
5
 
5
 
5
Historical volatility
43.7% - 48.4%
 
46.6% - 47.6%
 
43.7% - 48.4%
 
46.6% - 47.6%
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
1,765

 
14.10

 
 
 
 
Exercised
(2,273
)
 
10.73

 
 
 
 
Cancelled or expired
(274
)
 
9.49

 
 
 
 
Balance outstanding at June 30, 2018
7,177

 
$
11.58

 
7.03
 
$
68,433

Options vested and expected to vest
6,189

 
$
11.46

 
6.66
 
$
59,773

Options exercisable at June 30, 2018
3,658

 
$
11.04

 
4.99
 
$
36,802

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 June 30, 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 - $7.45
 
708

 
5.26
 
$
6.33

 
485

 
$
6.01

$7.60 - $7.60
 
748

 
8.39
 
7.60

 
214

 
7.60

$7.95 - $9.55
 
830

 
6.59
 
9.20

 
583

 
9.21

$9.90 - $10.13
 
727

 
6.03
 
10.09

 
650

 
10.09

$10.31 - $11.95
 
726

 
7.50
 
11.23

 
377

 
10.84

$11.96 - $12.32
 
87

 
3.04
 
12.12

 
88

 
12.12

$12.45 - $12.45
 
930

 
9.63
 
12.45

 

 

$12.46 - $13.59
 
810

 
4.07
 
13.28

 
747

 
13.26

$14.30- $15.85
 
726

 
9.33
 
14.60

 
16

 
15.77

$15.96 - $21.75
 
885

 
6.60
 
17.87

 
498

 
17.27

 
 
 
 
 
 
 
 
 
 
 
 
 
7,177

 
7.03
 
$
11.58

 
3,658

 
$
11.04

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
1,843

 
15.13

 

Released
(251
)
 
9.05

 

Forfeited
(107
)
 
8.02

 

Non-vested and outstanding at June 30, 2018
2,608

 
$
13.38

 
$
55,026

Expected to vest
1,798

 
$
12.80

 
$
37,936