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Stock-Based Compensation Plans (Tables)
3 Months Ended
Mar. 31, 2015
Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of stock options issued pursuant to the Company’s stock incentive plans is as follows:

 

     Number of
Shares
     Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value of In-
the-Money
Options
 

Outstanding as of December 31, 2014

     5,282,693       $ 12.06         

Granted

     2,055,514         19.12         

Exercised

     (664,229      10.41         

Forfeited

     (2,575      17.15         
  

 

 

    

 

 

       

Outstanding as of March 31, 2015

  6,671,403    $ 14.40      7.05    $ 48,465,441   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable as of March 31, 2015

  3,689,027    $ 10.76      5.18    $ 40,228,828   
  

 

 

    

 

 

    

 

 

    

 

 

 

Summary of Nonvested Long-Term Incentive Program Performance Share Awards Outstanding and Changes During Period

A summary of nonvested long-term incentive program performance share awards (“LTIP performance shares”) outstanding as of March 31, 2015 and changes during the period are as follows:

 

Nonvested LTIP Performance Shares

   Number of
Shares at
Expected
Attainment
     Weighted-
Average
Grant Date
Fair Value
 

Nonvested as of December 31, 2014

     1,145,916       $ 14.84   

Granted

     1,025,863         19.12   

Forfeited

     (4,643      12.14   

Vested

     (548,671      9.75   

Change in expected attainment for 2011 grants

     (54,305      9.75   
  

 

 

    

 

 

 

Nonvested as of March 31, 2015

  1,564,160    $ 19.62   
  

 

 

    

 

 

 

Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested restricted share awards (“RSAs”) as of March 31, 2015 and changes during the period are as follows:

 

Nonvested Restricted Share Awards

   Number of
Restricted
Share Awards
     Weighted-Average Grant
Date Fair Value
 

Nonvested as of December 31, 2014

     183,209       $ 17.11   

Granted

     13,915         21.56   

Vested

     (999      15.88   
  

 

 

    

 

 

 

Nonvested as of March 31, 2015

  196,125    $ 17.43   
  

 

 

    

 

 

 

Online Resources Corporation [Member]  
Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of transaction stock options issued pursuant to the Company’s stock incentive plans is as follows:

 

     Number
of
Shares
     Weighted-
Average
Exercise
Price
     Weighted-
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic Value of
In-the-Money
Options
 

Outstanding as of December 31, 2014

     46,512       $ 36.73         

Exercised

     (240      13.92         

Cancelled

     (6,366      46.80         
  

 

 

    

 

 

       

Outstanding as of March 31, 2015

  39,906    $ 35.27      1.62    $ 51,493   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable as of March 31, 2015

  39,906    $ 35.27      1.62    $ 51,943   
  

 

 

    

 

 

    

 

 

    

 

 

 

S1 Corporation 2003 Stock Incentive Plan [Member]  
Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested Transaction RSAs issued under the S1 Corporation 2003 Stock Incentive Plan as of March 31, 2015 and changes during the period are as follows:

 

Nonvested Transaction Restricted Share Awards

   Number of
Restricted
Share Awards
     Weighted-Average Grant
Date Fair Value
 

Nonvested as of December 31, 2014

     17,565       $ 11.80   

Forfeited

     (2,910      11.80   
  

 

 

    

 

 

 

Nonvested as of March 31, 2015

  14,655    $ 11.80   
  

 

 

    

 

 

 

Black Scholes Option Pricing Model [Member]  
Estimated Fair Value of Options Granted using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions

The fair value of options that do not vest based on the achievement of certain market conditions granted during the three months ended March 31, 2015 and 2014 were estimated on the date of grant using the Black-Scholes option-pricing model, a pricing model acceptable under U.S. GAAP, with the following weighted-average assumptions:

 

     Three Months Ended     Three Months Ended  
     March 31, 2015     March 31, 2014  

Expected life (years)

     5.93        5.93   

Interest rate

     1.4     1.8

Volatility

     32.1     45.2

Dividend yield

     —          —     

Monte Carlo Simulation [Member]  
Estimated Fair Value of Options Granted using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions

 With respect to options granted that vest based on the achievement of certain market conditions, the grant date fair value of such options was estimated using the following weighted-average assumptions:

 

     Three Months Ended  
     March 31, 2015  

Expected life (years)

     7.50   

Interest rate

     1.7

Volatility

     41.9

Dividend yield

     —