Stock-Based Compensation

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]


Note 4			Stock-Based Compensation

Total stock-based compensation expense recognized in our unaudited condensed consolidated statements of operations and comprehensive income (loss) includes amounts related to stock options, restricted stock, and employee stock purchase plans and was as follows (in thousands):


	Quarter Ended March 31,
	2020		2019
Total stock-based compensation expense	$	380	$	1,384

The fair value of RealNetworks options granted determined using the Black-Scholes model used the following weighted-average assumptions:


	Quarter Ended March 31,
	2020		2019
Expected dividend yield	0	%	0	%
Risk-free interest rate	0.90	%	2.51	%
Expected life (years)	4.0		3.8
Volatility	45	%	41	%

The total stock-based compensation amounts for 2020 and 2019 disclosed above are recorded in their respective line items within operating expenses in the unaudited condensed consolidated statements of operations and comprehensive income (loss). Included in the expense for the three months ended March 31, 2019 was stock compensation expense recorded in the first quarter of 2019 related to our 2018 incentive bonuses paid in fully vested restricted stock units, which were authorized and granted in the first quarter of 2019. Our 2019 incentive bonuses were paid fully in cash, reducing stock compensation expense in the three months ended March 31, 2020 when compared to the three months ended March 31, 2019.

As of March 31, 2020, $1.9 million of total unrecognized compensation cost, net of estimated forfeitures, related to stock awards. The unrecognized compensation cost is expected to be recognized over a weighted-average period of approximately 2.8 years.