XML 52 R36.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock Award Plans (Tables)
12 Months Ended
Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based Compensation Expense

Total recognized stock-based compensation expense was as follows:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Cost of revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Software delivery, support and maintenance

 

$

2,944

 

 

$

4,228

 

 

$

4,224

 

Client services

 

 

4,537

 

 

 

4,493

 

 

 

4,508

 

Total cost of revenue

 

 

7,481

 

 

 

8,721

 

 

 

8,732

 

Selling, general and administrative expenses

 

 

25,547

 

 

 

27,256

 

 

 

20,069

 

Research and development

 

 

8,666

 

 

 

8,175

 

 

 

7,826

 

Total stock-based compensation expense

 

$

41,694

 

 

$

44,152

 

 

$

36,627

 

 

Activity for Restricted Stock Awards

The following table summarizes the activity for restricted stock units during the periods presented:

 

 

 

 

 

 

Weighted-Average

 

(In thousands, except per share amounts)

 

Shares

 

 

Grant Date Fair Value

 

Unvested restricted stock units as of December 31, 2014

 

 

5,096

 

 

$

15.69

 

Awarded

 

 

2,937

 

 

 

12.07

 

Vested

 

 

(1,612

)

 

 

14.84

 

Forfeited

 

 

(1,042

)

 

 

14.74

 

Unvested restricted stock units as of December 31, 2015

 

 

5,379

 

 

 

14.15

 

Awarded

 

 

3,480

 

 

 

12.88

 

Vested

 

 

(2,095

)

 

 

13.84

 

Forfeited

 

 

(517

)

 

 

14.30

 

Unvested restricted stock units as of December 31, 2016

 

 

6,247

 

 

 

13.54

 

Awarded

 

 

3,690

 

 

 

12.52

 

Vested

 

 

(1,835

)

 

 

13.74

 

Forfeited

 

 

(843

)

 

 

16.97

 

Unvested restricted stock units as of December 31, 2017

 

 

7,259

 

 

$

12.57

 

 

Stock Options Outstanding

The following table summarizes the status of stock options outstanding and the changes during the periods presented:

 

 

 

Options

 

 

Weighted-Average

 

 

Options

 

 

Weighted-Average

 

(In thousands, except per share amounts)

 

Outstanding

 

 

Exercise Price

 

 

Exercisable

 

 

Exercise Price

 

Balance as of December 31, 2014

 

 

3,427

 

 

$

14.35

 

 

 

1,393

 

 

$

14.97

 

Options granted

 

 

0

 

 

 

0.00

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(317

)

 

 

11.44

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(767

)

 

 

15.89

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2015

 

 

2,343

 

 

 

14.24

 

 

 

1,282

 

 

 

14.52

 

Options granted

 

 

0

 

 

 

0.00

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(6

)

 

 

14.01

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(434

)

 

 

15.51

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2016

 

 

1,903

 

 

 

13.95

 

 

 

1,431

 

 

 

13.98

 

Options granted

 

 

0

 

 

 

0.00

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(108

)

 

 

14.01

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

(160

)

 

 

15.00

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2017

 

 

1,635

 

 

$

13.85

 

 

 

1,635

 

 

$

13.85

 

 

Stock Option Activity

The following activity occurred under the Plan:

 

 

Year Ended December 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Total intrinsic value of stock options exercised

 

$

45

 

 

$

1

 

 

$

972

 

Total fair value of share awards vested

 

$

25,220

 

 

$

26,892

 

 

$

21,673

 

 

Stock Option Awards

The following table summarizes information about stock options outstanding under the Plan as of December 31, 2017:

 

 

Number of

 

 

 

 

 

 

Number of

 

 

 

 

 

 

 

Options

 

 

Weighted-Average

 

 

Options

 

 

Weighted-Average

 

Range of Exercise Prices

 

Outstanding

 

 

Exercise Price

 

 

Exercisable

 

 

Exercise Price

 

$12.72 to $14.01

 

 

1,498,901

 

 

$

13.72

 

 

 

1,498,901

 

 

$

13.72

 

$14.78 to $15.22

 

 

136,454

 

 

$

15.19

 

 

 

136,454

 

 

$

15.19

 

 

 

 

1,635,355

 

 

 

 

 

 

 

1,635,355

 

 

 

 

 

 

Netsmart [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based Compensation Expense

The stock-based compensation expense was included in the following categories in our consolidated statement of operations for the years ended December 31, 2017 and December 31, 2016:

 

 

Year Ended December 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Cost of revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Software delivery, support and maintenance

 

$

65

 

 

$

103

 

 

$

0

 

Client services

 

 

53

 

 

 

130

 

 

 

0

 

Total cost of revenue

 

 

118

 

 

 

233

 

 

 

0

 

Selling, general and administrative expenses

 

 

2,050

 

 

 

5,427

 

 

 

0

 

Research and development

 

 

61

 

 

 

146

 

 

 

0

 

Total stock-based compensation expense (benefit)

 

$

2,229

 

 

$

5,806

 

 

$

0

 

 

Netsmart [Member] | Class B Non Voting Common Units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Options Outstanding

Option Units outstanding at December 31, 2017 are as follows:

(Option Units in thousands, except per unit amounts)

 

 

Outstanding

 

 

Exercisable

 

Exercise price

 

 

Option Units

 

 

Weighted

Average

Fair

Value

 

 

Weighted

Average

Remaining

Life

 

 

Option Units

 

 

Average

Fair

Value

 

 

Weighted

Average

Remaining

Life

 

$

1.00

 

 

 

90,257

 

 

$

0.30

 

 

 

8.34

 

 

 

26,625

 

 

$

0.30

 

 

 

8.31

 

 

Schedule of Fair Value of Option Units Weighted Average Assumptions

The fair value of Option Units vested as of December 31, 2017 and December 31, 2016 was estimated using the Black‑Scholes‑Merton option pricing model using the following weighted-average assumptions:

 

 

2017

 

 

2016

 

Average expected term in years

 

 

4.53

 

 

 

5.50

 

Risk free rate (weighted average)

 

 

2.2

%

 

 

2.0

%

Expected dividends

 

 

0.0

%

 

 

0.0

%

Average volatility

 

 

60.0

%

 

 

55.0

%

 

Netsmart [Member] | Nathan Holding LLC 2016 Unit Option Plan [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Options Outstanding

A summary of the activity under the Netsmart Plan during the years ended December 31, 2016 and December 31, 2017 is as follows:

(Option Units in thousands, except per unit amounts)

 

Option Units

 

 

Weighted Average

Exercise Price

 

Balance as of December 31, 2015

 

 

0

 

 

$

0.00

 

Granted

 

 

89,889

 

 

 

1.00

 

Called

 

 

0

 

 

 

0.00

 

Exercised

 

 

0

 

 

 

0.00

 

Forfeited

 

 

(2,316

)

 

 

1.00

 

Outstanding – December 31, 2016

 

 

87,573

 

 

 

1.00

 

Exercisable – December 31, 2016

 

 

0

 

 

 

0.00

 

Granted

 

 

3,385

 

 

 

1.00

 

Called

 

 

0

 

 

 

0.00

 

Exercised

 

 

0

 

 

 

0.00

 

Forfeited

 

 

(701

)

 

 

1.00

 

Outstanding – December 31, 2017

 

 

90,257

 

 

 

1.00

 

Exercisable – December 31, 2017

 

 

26,625

 

 

$

1.00