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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2019
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,
 
2019
 
2018
Dividend yield
0.0%
 
0.0%
Risk-free interest rate
2.49% - 2.57%
 
2.5% - 2.7%
Expected life (in years)
5
 
5
Historical volatility
43.62% - 43.85%
 
47.9% - 48.2%
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, 2018
6,266

 
$
12.13

 
 
 
 
Granted
241

 
23.75

 
 
 
 
Exercised
(626
)
 
10.36

 
 
 
 
Cancelled or expired
(124
)
 
11.96

 
 
 
 
Balance outstanding at March31, 2019
5,757

 
$
12.81

 
6.73
 
$
93,297

Options vested and expected to vest
5,157

 
$
12.50

 
6.48
 
$
85,169

Options exercisable at March 31, 2019
3,093

 
$
11.38

 
4.97
 
$
54,556

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, 2019:
 
 
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
$3.35 - $7.60
 
903

 
6.47
 
$
7.30

 
475

 
$
7.15

$7.95 - $10.01
 
655

 
6.35
 
9.33

 
535

 
9.35

$10.05 - $10.60
 
664

 
5.72
 
10.26

 
658

 
10.26

$11.33 - $12.32
 
360

 
7.06
 
11.81

 
176

 
11.77

$12.45 - $12.45
 
855

 
2.85
 
12.45

 
158

 
12.45

$12.46 - $13.59
 
643

 
9.38
 
13.30

 
643

 
13.30

$14.30 - $16.05
 
580

 
3.76
 
14.84

 
149

 
15.08

$16.35 - $21.05
 
621

 
8.72
 
17.76

 
299

 
17.46

$21.10 - $25.36
 
360

 
6.92
 
22.67

 

 

$25.95 - $25.95
 
116

 
9.82
 
25.95

 

 

 
 
 
 
 
 
 
 
 
 
 
 
 
5,757

 
6.91
 
$
12.81

 
3,093

 
$
11.38

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, 2018
2,690

 
$
15.81

 
$

Awarded
386

 
25.07

 

Released
(415
)
 
12.18

 

Forfeited
(87
)
 
15.87

 

Non-vested and outstanding at March 31 2019
2,574

 
$
17.61

 
$
74,719

Expected to vest
1,816

 
$
16.80

 
$
52,686