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Stockholders' Equity (Tables)
9 Months Ended
Sep. 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Dividend yield
0.0%
 
0.0%
 
0.0%
 
0.0%
Risk-free interest rate
2.8% - 2.9%
 
1.8%
 
2.5% - 2.9%
 
1.7% - 1.9%
Expected life (in years)
5
 
5
 
5
 
5
Historical volatility
43.5% - 43.7%
 
47.3%
 
43.5% - 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
1,952

 
15.03

 
 
 
 
Exercised
(2,874
)
 
10.72

 
 
 
 
Cancelled or expired
(554
)
 
9.91

 
 
 
 
Balance outstanding at September 30, 2018
6,483

 
$
12.07

 
6.91
 
$
90,038

Options vested and expected to vest
5,614

 
$
11.80

 
6.55
 
$
79,474

Options exercisable at September 30, 2018
3,250

 
$
11.00

 
4.78
 
$
48,604

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 September 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 - $7.60
 
1,152

 
6.47
 
$
6.92

 
583

 
$
6.43

$7.95 - $9.55
 
664

 
6.35
 
9.21

 
479

 
9.21

$9.90 - $10.13
 
659

 
5.72
 
10.09

 
655

 
10.09

$10.31 - $11.96
 
674

 
7.06
 
11.27

 
395

 
11.01

$12.09 - $12.32
 
41

 
2.85
 
12.29

 
41

 
12.29

$12.45 - $12.45
 
930

 
9.38
 
12.45

 

 

$12.46 - $13.59
 
759

 
3.76
 
13.28

 
702

 
13.26

$14.30- $15.96
 
697

 
8.72
 
14.72

 
61

 
15.94

$16.05 - $21.75
 
721

 
6.92
 
18.09

 
334

 
17.44

$22.35 - $27.25
 
186

 
9.82
 
23.84

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
6,483

 
6.91
 
$
12.07

 
3,250

 
$
11.00

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
2,130

 
16.35

 

Released
(334
)
 
9.04

 

Forfeited
(234
)
 
10.42

 

Non-vested and outstanding at September 30, 2018
2,685

 
$
14.71

 
$
69,673

Expected to vest
1,878

 
$
13.93

 
$
48,741