XML 49 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock-Based Compensation  
Summary of Founders' stock activity and related information

 

 

 

Shares

 

Unvested at December 31, 2012

 

 

1,645,141

 

Granted

 

 

 

Vested

 

 

(658,060

)

​  

​  

Unvested at December 31, 2013

 

 

987,081

 

Granted

 

 

 

Vested

 

 

(658,060

)

​  

​  

Unvested at December 31, 2014

 

 

329,021

 

 

Summary of stock option activity and related information

        A summary of the Company's stock option activity and related information is as follows (in thousands, except share and per share data):

                                                                                                                                                                                    

 

 

Shares

 

Weighted
average
exercise
price per
share

 

Weighted
average
remaining
contractual
term
(years)

 

Aggregate
intrinsic
value

 

Outstanding at December 31, 2013

 

 

2,413,237

 

$

9.26

 

 

9.05

 

$

6,087

 

Granted

 

 

2,464,138

 

 

19.12

 

 

 

 

 

 

 

Exercised

 

 

(370,808

)

 

3.81

 

 

 

 

 

 

 

Forfeited

 

 

(852,564

)

 

11.51

 

 

 

 

 

 

 

Cancelled

 

 

(25,375

)

 

5.48

 

 

 

 

 

 

 

​  

​  

Outstanding at December 31, 2014

 

 

3,628,628

 

 

16.01

 

 

9.11

 

 

102,355

 

Exercisable at December 31, 2014

 

 

688,562

 

 

8.43

 

 

8.07

 

 

24,641

 

Vested and expected to vest at December 31, 2014

 

 

2,394,044

 

 

15.11

 

 

9.01

 

 

69,692

 

 

Schedule of assumptions used to estimate fair value of each stock-based option award on the grant date using the Black-Scholes option pricing model

 

 

 

December 31,

 

 

2014

 

2013

 

2012

Risk-free interest rate

 

1.62% - 2.17%

 

0.91% - 2.11%

 

0.8% - 1.78%

Dividend yield

 

 

 

Volatility

 

76% - 84%

 

83% - 91%

 

79% - 89%

Expected term (years)

 

5.3 - 9.97

 

5.1 - 9.93

 

5.1 - 9.93