XML 53 R43.htm IDEA: XBRL DOCUMENT v3.5.0.2
SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION (Tables)
 6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of assumptions used to determine the fair value of options as of the grant date
The fair values of the service-based and performance-based options were determined using the Black-Scholes option pricing model and the fair value of the market-based options was determined using a lattice (binomial) model. The following assumptions were used to determine the fair value as of the grant date:
 
 
Six months ended 
 June 30, 2016
 
Six months ended 
 June 30, 2015
 
 
Black-Scholes
 
Binomial
 
Black-Scholes
 
Binomial
 
 
 
 
 
 
 
 
 
Risk-free interest rate (%)
 
1.25 - 1.89

 
0.23 - 1.97

 
1.50 - 1.78

 
0.02 - 2.26

Expected stock price volatility (%)
 
59.75 - 62.14

 
59.76 - 62.14

 
55.06 - 57.60

 
55.06 - 57.60

Expected dividend yield
 
—

 
—

 
—

 
—

Expected option life (in years)
 
6.00 - 6.25

 
4.54 - 4.88

 
6.00 - 6.25

 
4.54 - 4.88

Fair value
 
$11.15 - $17.09

 
$11.06 - $17.58

 
$10.01 - $16.05
 
$9.91 - $16.13
Summary of the weighted average fair value of stock options granted, the total intrinsic value of stock options exercised and the fair value of options vested
The following table summarizes the weighted average grant date fair value of stock options granted per share, the total intrinsic value of stock options exercised and the grant date fair value of stock options that vested during the period presented:
 
 
Six months ended June 30,
(in thousands, except per share amounts)
 
2016
 
2015
 
 
 
 
 
Weighted average grant date fair value of stock options granted per share
 
$
15.81

 
$
12.49

Intrinsic value of options exercised
 
1,002

 
176

Grant date fair value of stock options that vested
 
2,010

 
530
Summary of the activity of the entity's stock options
The following table summarizes the activity related to our stock options:
 
Number of
options
 
Weighted
average
exercise
price
 
Weighted
average
contractual
term
(in years)
 
Aggregate
intrinsic value
(in thousands)
 
 
 
 
 
 
 
 
Outstanding at December 31, 2015
3,163,125

 
$
20.13

 
4.94
 
$
35,842

Granted
93,500

 
27.43

 
 
 
 
Exercised
(79,726
)
 
12.36

 
 
 
 

Forfeited
(46,950
)
 
25.32

 
 
 
 

 
 
 
 
 
 
 
 
Outstanding at June 30, 2016
3,129,949

 
20.47

 
4.43
 
34,598

 
 
 
 
 
 
 
 
Exercisable at June 30, 2016
2,286,429

 
15.19

 
2.84
 
32,079
Schedule of share-based compensation, restricted stock and restricted stock units activity
The following table summarizes the activity related to our restricted shares:
 
Number of
restricted shares
 
 
Outstanding at December 31, 2015
272,326

Granted
12,378

Issued
(13,388
)
Forfeited
(5,100
)
 
 
Outstanding at June 30, 2016
266,216
Schedule of share-based compensation, stock options and stock appreciation rights award activity
The following table reflects outstanding EARs (expressed as a percentage of each of the divisions):
 
 
Consumer Analytics
 
Document Solutions
 
Marketplace Solutions
 
 
 
 
 
 
 
Outstanding at December 31, 2015
 
5.6
 %
 
5.6
%
 
5.3
 %
Granted
 
—

 
—

 
—

Forfeited
 
(0.5
)
 
—

 
(0.1
)
 
 
 
 
 
 
 
Outstanding at June 30, 2016
 
5.1
 %
 
5.6
%
 
5.2
 %