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Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Stock-based Compensation  
Compensation costs related to stock-based awards

The following table summarizes compensation costs related to our stock-based awards (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

    

2016

    

2015

    

2016

    

2015

 

Cost of revenue

 

$

5

 

$

5

 

$

10

 

$

10

 

Selling, general and administrative

 

 

213

 

 

417

 

 

413

 

 

642

 

Research and development

 

 

37

 

 

44

 

 

85

 

 

88

 

Total stock-based compensation

 

 

255

 

 

466

 

 

508

 

 

740

 

Tax effect on stock-based compensation

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net effect on net income (loss)

 

$

255

 

$

466

 

$

508

 

$

740

 

 

Weighted-average assumptions

The fair value of our stock options granted to employees for the three and six months ended June 30, 2016 was estimated using the following weighted-average assumptions:

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

    

2016

    

2016

 

Expected term (in years)

 

 —

 

4.0

 

Volatility

 

 —

%  

49.21

%

Expected dividend

 

 —

%  

 —

%

Risk-free interest rate

 

 —

%  

1.38

%

 

Summary of stock option activity

The following table summarizes the stock option transactions during the six months ended June 30, 2016 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

    

 

    

 

 

    

average

    

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

 

 

 

 

 

Number of

 

average

 

Contractual

 

Aggregate

 

 

 

Options

 

Exercise

 

Life

 

Intrinsic

 

Stock Options

    

Outstanding

    

Price

    

(in years)

    

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2016

 

3,779

 

$

2.97

 

6.26

 

$

764

 

Granted

 

68

 

 

2.56

 

 

 

 

 

 

Exercised

 

(1)

 

 

1.59

 

 

 

 

 

 

Canceled and expired

 

(536)

 

 

3.21

 

 

 

 

 

 

Balance as of June 30, 2016

 

3,310

 

$

2.92

 

6.83

 

$

2,358

 

Options vested as of June 30, 2016 and unvested options expected to vest, net of forfeitures

 

3,239

 

$

2.94

 

6.78

 

$

2,292

 

Options exercisable as of June 30, 2016

 

1,910

 

$

3.39

 

5.39

 

$

1,096

 

 

Restricted stock awards

A summary of activity related to restricted stock awards for the six months ended June 30, 2016 is presented below (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

 

 

 

Grant Date

 

Stock Awards

    

Shares

    

Fair Value

 

Non-vested as of January 1, 2016

 

546

 

$

2.39

 

Granted

 

49

 

$

3.69

 

Vested

 

(37)

 

$

2.46

 

Forfeited

 

(207)

 

$

2.55

 

Non-vested as of  June 30, 2016

 

351

 

$

2.47