Stockholders' Equity (Tables)
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6 Months Ended |
Jun. 30, 2015 |
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| Stockholders' Equity [Abstract] |
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| Stock Based Compensation Expense Included in Condensed Consolidated Statements of Income |
Stock‑based compensation expense included in the Company’s consolidated statements of operations during the periods presented is as follows (in thousands):
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Three months ended June 30,
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Six months ended June 30,
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2015
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2014
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2015
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2014
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(unaudited)
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Stock-based compensation expense:
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Marketing
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$
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304
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$
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266
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$
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655
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$
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499
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Technology and development
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1,121
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787
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2,180
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1,406
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Customer service and operations
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294
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209
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602
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402
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General and administrative
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1,531
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1,071
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3,048
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1,950
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Total stock-based compensation
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$
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3,250
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$
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2,333
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$
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6,485
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$
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4,257
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| Weighted Average Assumptions for Options Granted |
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Three months ended June 30,
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Six Months Ended June 30,
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2015
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2014
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2015
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2014
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(unaudited)
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Expected term (in years)
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5.8
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5.6
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6.0
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6.2
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Risk-free interest rate
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1.67%
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1.67%
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1.65%
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2.03%
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Dividend yield
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None
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None
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None
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None
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Volatility rate
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45%
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36%
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35%
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43%
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| Stock Option Activity and Related Information |
The following table presents the stock option activity and related information for the six months ended June 30, 2015:
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Weighted-
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Weighted-
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Aggregate
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Average
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Average
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Intrinsic
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Options
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Exercise
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Contractual Term
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Value
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Outstanding
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Price
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(In Years)
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(in Millions)
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(unaudited)
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Outstanding as of December 31, 2014
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6,132,641
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$
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11.62
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6.17
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$
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50.4
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Granted
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685,690
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16.27
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Exercised (1)
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(590,479)
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4.24
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Forfeited or cancelled
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(303,135)
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15.98
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Outstanding as of June 30, 2015
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5,924,717
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$
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12.67
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6.21
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$
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57.8
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Exercisable as of June 30, 2015
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3,695,958
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$
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9.42
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4.99
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$
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46.3
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Vested and expected to vest as of June 30, 2015
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5,892,328
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$
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12.63
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6.20
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$
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57.6
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(1) Exercised options in the table above included both settled and unsettled exercises during the six months ended June 30, 2015
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| Schedule Of Share Based Compensation Arrangement By Share Based Payment Award, Options, Grants In Period, Grant Date Intrinsic Value and Weighted Average Grant Date Fair Value [TableTextBlock] |
The following table presents the total intrinsic value of stock options exercised and the weighted-average grant date fair value of stock options granted for the periods presented:
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Three months ended June 30,
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Six months ended June 30,
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(In millions except per share data)
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2015
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2014
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2015
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2014
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(unaudited)
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(unaudited)
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Total intrinsic value of stock options exercised
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$
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3.5
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$
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3.6
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$
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7.3
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$
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11.4
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Weighted-average per share grant date fair value of stock options granted
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$
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8.43
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$
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7.99
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$
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6.02
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$
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11.71
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| Summary of RSU and PSU Activity |
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RSUs
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PSUs
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Weighted-
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Weighted-
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Average
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Average
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Grant Date
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Grant Date
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(unaudited)
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Shares
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Fair Value
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Shares
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Fair Value
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Unvested as of December 31, 2014
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497,020
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$
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19.40
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—
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$
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—
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Granted
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580,957
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17.55
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86,580
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(1)
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15.71
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Vested
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(102,407)
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17.77
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—
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—
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Forfeited
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(76,715)
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18.64
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—
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—
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Unvested as of June 30, 2015
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898,855
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$
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18.45
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86,580
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$
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15.71
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| Schedule of Fair Value and Instrinsic Value of RSUs vested, and the weighted average grant date fair value of RSUs granted for periods presented. |
The following table presents the total fair value and the aggregate intrinsic value of RSUs vested and the weighted-average grant date fair value of RSUs granted for the periods presented:
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RSUs
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Three months ended June 30,
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Six months ended June 30,
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(In millions, except per share data)
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2015
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2014
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2015
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2014
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(unaudited)
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(unaudited)
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Total fair value of shares vested
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$
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1.4
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$
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—
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$
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1.8
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$
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—
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Total aggregate intrinsic value of shares vested
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$
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1.60
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$
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—
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$
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2.16
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$
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—
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Weighted-average per share grant date fair value of shares granted
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$
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18.28
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$
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17.92
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$
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17.55
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$
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19.41
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