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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Allocation of Stock-Based Compensation

Stock-based Compensation

 

 

 

Three

 

 

Three

 

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

Stock-based compensation:

 

 

 

 

 

 

 

 

Cost of revenue

 

$

155

 

 

$

176

 

Sales and marketing

 

 

345

 

 

 

368

 

Research, development and engineering

 

 

298

 

 

 

308

 

General and administrative

 

 

801

 

 

 

573

 

Intellectual property

 

 

72

 

 

 

78

 

Stock-based compensation expense

 

 

1,671

 

 

 

1,503

 

Capitalized to software and patent costs

 

 

44

 

 

 

45

 

Total stock-based compensation

 

$

1,715

 

 

$

1,548

 

 

Unrecognized Compensation Cost Related to Non-Vested Stock-Based Awards Granted

The following table sets forth total unrecognized compensation cost related to non-vested stock-based awards granted under all equity compensation plans:

 

 

 

As of

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Total unrecognized compensation costs

 

$

17,072

 

 

$

13,669

 

 

Weighted Average Period for Recognition of Unrecognized Compensation Cost for Stock Options and Restricted Stock

The Company expects to recognize the total unrecognized compensation costs as of March 31, 2018 for stock options and restricted stock over weighted average periods through March 2022 as follows:

 

 

 

Stock

 

Restricted

 

 

Options

 

Stock

Weighted average period

 

1.37 years

 

1.58 years

 

Reconciliation of Outstanding Balance of Stock Options

The following table reconciles the outstanding balance of stock options:

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Average

 

 

Aggregate

 

 

 

 

 

 

 

Exercise

 

 

Grant Date

 

 

Intrinsic

 

Three months ended March 31, 2018:

 

Options

 

 

Price

 

 

Fair Value

 

 

Value

 

Outstanding at December 31, 2017

 

 

515

 

 

$

25.13

 

 

$

11.64

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(46

)

 

 

12.30

 

 

 

6.84

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2018

 

 

469

 

 

$

26.38

 

 

$

12.10

 

 

$

992

 

Exercisable at March 31, 2018

 

 

302

 

 

$

24.10

 

 

 

 

 

 

$

992

 

Unvested at March 31, 2018

 

 

167

 

 

$

30.50

 

 

 

 

 

 

$

 

 

Reconciliation of Unvested Balance of Restricted Stock

The following table reconciles the unvested balance of restricted stock:

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant Date

 

Three months ended March 31, 2018:

 

Shares

 

 

Fair Value

 

Unvested balance, December 31, 2017

 

 

426

 

 

$

28.44

 

Granted

 

 

178

 

 

$

30.30

 

Vested

 

 

(42

)

 

$

28.80

 

Forfeited

 

 

(10

)

 

$

28.39

 

Unvested balance, March 31, 2018

 

 

552

 

 

$

29.01

 

 

Fair Value of Restricted Stock Awards Vested

The following table indicates the fair value of all restricted stock awards that vested during the three months ended March 31, 2018 and 2017:

 

 

 

Three

 

 

Three

 

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2018

 

 

2017

 

Fair value of restricted stock awards vested

 

$

1,256

 

 

$

1,277