SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2018

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY

NOTE 10.  SHAREHOLDERS’ EQUITY

Option Exercises

For the three and six months ended June 30, 2018, employees exercised options to purchase 109,545 shares and 229,847 shares, respectively, of the Company’s common stock with net proceeds to the Company of approximately $0.7 million and $1.32 million, respectively. For the three and six months ended June 30, 2017, employees exercised options to purchase 529,555 shares and 813,352 shares, respectively, of the Company’s common stock with net proceeds to the Company of approximately $3.4 million and $6.0 million, respectively.

Restricted Stock Units

For the three and six months ended June 30, 2018, the Company issued 168,846 shares and 201,545 shares of the Company’s common stock, respectively, due to vesting of restricted stock units. For the three and six months ended June 30, 2017, the Company issued 42,068 shares of the Company’s common stock due to vesting of restricted stock units