XML 52 R38.htm IDEA: XBRL DOCUMENT v3.8.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Changes in Outstanding Stock Options
Stock options and stock appreciation rights outstanding at December 31, 2017 and changes during the year ended December 31, 2017 is as follows:
 
December 31, 2017
 
Shares
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining
Contractual Term (In Years)
 
Aggregate
Intrinsic Value
 
(Shares and intrinsic value in thousands)
Outstanding HomeAdvisor (US) stock appreciation rights at January 1, 2017
13,830

 
$
3.97

 
 
 
 
Granted
4,720

 
16.83

 
 
 
 
Exercised
(6,659
)
 
2.87

 
 
 
 
Forfeited
(110
)
 
9.86

 
 
 
 
Outstanding HomeAdvisor (US) stock appreciation rights prior to the Combination on September 29, 2017
11,781

 
9.69

 
 
 
 
Converted HomeAdvisor (US) stock appreciation rights in connection with the Combination
43,780

 
2.61

 
 
 
 
Converted Angie's List stock options in connection with the Combination
5,290

 
10.56

 
 
 
 
Granted
948

 
11.32

 
 
 
 
Exercised
(1,948
)
 
7.40

 
 
 
 
Forfeited
(331
)
 
6.86

 
 
 
 
Expired
(624
)
 
17.94

 
 
 
 
Outstanding at December 31, 2017
47,115

 
$
3.25

 
7.1
 
$
346,595

Exercisable
17,358

 
$
2.22

 
4.7
 
$
148,729

Schedule of Information for Stock Options Outstanding and Exercisable
The following table summarizes the information about stock options and stock appreciation rights outstanding and exercisable at December 31, 2017:
 
 
Awards Outstanding
 
Awards Exercisable
Range of Exercise Prices
 
Outstanding
at
December 31,
2017
 
Weighted Average
Remaining
Contractual
Life in Years
 
Weighted
Average
Exercise
Price
 
Exercisable
at
December 31,
2017
 
Weighted Average
Remaining
Contractual
Life in Years
 
Weighted
Average
Exercise
Price
 
 
(Shares in thousands)
$0.01 to $3.00
 
26,143

 
6.0
 
$
1.32

 
15,462

 
4.8
 
$
0.99

$3.01 to $6.00
 
17,580

 
9.1
 
4.54

 
50

 
6.5
 
5.82

$6.01 to $9.00
 
1,210

 
5.5
 
7.66

 
711

 
4.1
 
7.68

$9.01 to $12.00
 
950

 
9.0
 
10.57

 
202

 
6.3
 
9.92

$12.01 to $15.00
718

718

 
5.6
 
13.12

 
420

 
3.0
 
13.34

$15.01 to $18.00
239

239

 
0.5
 
17.71

 
238

 
0.4
 
17.72

$18.01 to $21.00
192

192

 
5.2
 
19.88

 
192

 
5.2
 
19.88

$21.01 to $24.00
83

83

 
4.8
 
22.51

 
83

 
4.8
 
22.51

 
 
47,115

 
7.1
 
$
3.25

 
17,358

 
4.7
 
$
2.22

Schedule of Weighted Average Assumptions
The following are the weighted average assumptions used in the Black-Scholes option pricing model:
 
Years Ended December 31,
 
2017
 
2016
 
2015
Expected volatility
50
%
 
44
%
 
48
%
Risk-free interest rate
2.0
%
 
0.8
%
 
1.2
%
Expected term
5.5 years

 
3.2 years

 
3.7 years

Dividend yield
%
 
%
 
%
Schedule of Outstanding Unvested RSUs
Prior to the Combination, there were no RSUs outstanding. Unvested RSUs outstanding at December 31, 2017 and changes during the year ended December 31, 2017 is as follows:
 
RSUs
 
Number of Shares
 
Weighted Average
 Grant Date
 Fair Value
 
(Shares in thousands)
Converted Angie's List RSUs in connection with the Combination
4,957

 
$
12.46

Granted
489

 
12.58

Vested
(1,574
)
 
12.46

Forfeited
(977
)
 
12.46

Unvested at December 31, 2017
2,895

 
$
12.48