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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2016
Stock Incentive Plans  
Summary of the Company's stock option activity

                                                                                                                                                                                    

 

 

Shares

 

Weighted-
Average
Exercise Price

 

Weighted
Average
Remaining
Contractual
Term
(years)

 

Aggregate
Intrinsic Value
(in thousands)

 

Outstanding at December 31, 2015

 

 

1,723,554

 

$

6.66

 

 

7.92

 

$

4,267

 

Granted

 

 

1,068,845

 

$

4.49

 

 

 

 

 

 

 

Exercised

 

 

(230,019

)

$

2.00

 

 

 

 

 

 

 

Cancelled or forfeited

 

 

(292,211

)

$

6.60

 

 

 

 

 

 

 

​  

​  

Outstanding at December 31, 2016

 

 

2,270,169

 

$

6.11

 

 

8.14

 

$

613

 

​  

​  

​  

​  

Exercisable at December 31, 2016

 

 

851,769

 

$

5.79

 

 

6.64

 

$

607

 

​  

​  

Vested or expected to vest at December 31, 2016

 

 

2,177,976

 

$

6.12

 

 

8.09

 

$

613

 

​  

​  

 

Schedule of assumptions made based on the Black-Scholes option pricing model

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

Weighted average expected volatility

 

 

72.0 - 73.9

%

 

73.6 - 86.8

%

 

75.2 - 83.4

%

Expected term (in years)

 

 

6.25 

 

 

6.17 - 10.00

 

 

6.25 - 10.00

 

Risk free interest rate

 

 

1.24 - 2.00

%

 

0.92 - 2.45

%

 

1.71 - 3.01

%

Expected dividend yield

 

 

%

 

%

 

%