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Stock-based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-based Compensation Expense Included in Operating Expense

Stock-based compensation expense was included in the following operating expense categories as follows (in thousands):

 

 

 

Three months ended

March 31,

 

 

 

2016

 

 

2017

 

Service costs

 

$

198

 

 

$

125

 

Sales and marketing

 

 

439

 

 

 

406

 

Product development

 

 

532

 

 

 

91

 

General and administrative

 

 

797

 

 

 

735

 

Total stock-based compensation

 

$

1,966

 

 

$

1,357

 

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

The following weighted average assumptions were used in determining the fair value of time-vested stock option grants for the periods presented:

 

 

 

Three months ended

March 31,

 

 

 

2016

 

 

2017

 

Expected life (in years)

 

4

 

 

4

 

Risk-free interest rate

 

 

1.04

%

 

 

1.72

%

Expected volatility

 

 

58

%

 

 

57

%

 

Summary of Stock Option Activity

Stock option activity during the three months ended March 31, 2017 is summarized as follows:

 

 

 

Shares

(in thousands)

 

 

Weighted average

exercise price

 

 

Weighted average

remaining

contractual term

(in years)

 

Balance at December 31, 2016

 

 

7,678

 

 

$

5.97

 

 

 

5.07

 

Options granted

 

 

5

 

 

 

2.84

 

 

 

 

 

Options forfeited

 

 

(326

)

 

 

4.42

 

 

 

 

 

Options expired

 

 

(1,367

)

 

 

6.06

 

 

 

 

 

Options exercised

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2017

 

 

5,990

 

 

$

6.03

 

 

 

5.26

 

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the three months ended March 31, 2017 is summarized as follows:

 

 

 

Shares/

Units

(in thousands)

 

 

Weighted average

grant date

fair value

 

Unvested balance at December 31, 2016

 

 

2,757

 

 

$

3.90

 

Granted

 

 

 

 

 

 

Vested

 

 

(68

)

 

 

3.90

 

Forfeited

 

 

(204

)

 

 

4.35

 

Unvested balance at March 31, 2017

 

 

2,485

 

 

$

3.82