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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Values of Stock Option Grants Estimated with Weighted Average Assumptions

The fair values of our stock option grants were estimated with the following weighted average assumptions:

 

     Three Months Ended
March 31,
 
     2014     2013  

Dividend yield

     0     0

Expected life

     3.2 years        3.7 years   

Expected volatility

     61     68

Risk-free interest rate

     1.2     0.6
Stock-Based Compensation Expense

Stock-based compensation expense for the three months ended March 31, 2014 and 2013 was as follows (in thousands, except per share amounts):

 

     Three Months Ended
March 31,
 
     2014      2013  

Cost of revenue — service

   $ 41       $ 73   

Selling, general and administrative

     175         149   

Research and development

     28         30   
  

 

 

    

 

 

 

Total stock-based compensation expense

   $ 244       $ 252   
  

 

 

    

 

 

 

Per basic and diluted share

   $ 0.02       $ 0.02   
  

 

 

    

 

 

 
Summary of Stock Option Activity

The following table summarizes stock option activity for the three months ended March 31, 2014:

 

Stock Options

   Number of
Shares
    Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
(in years)
     Aggregate
Intrinsic
Value
 

Balance at January 1, 2014

     1,515,621      $ 3.36         

Granted at fair value

     330,850        3.32         

Exercised

     (123,613     2.48         

Forfeited

     (12,959     3.64         

Expired

     (57,032     5.92         
  

 

 

         

Balance at March 31, 2014

     1,652,867      $ 3.33         4.91       $ 444,091   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and expected to vest at March 31, 2014

     1,561,427      $ 3.33         4.69       $ 444,151   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at March 31, 2014

     983,478      $ 3.30         2.57       $ 398,709   
  

 

 

   

 

 

    

 

 

    

 

 

 
Summary of Certain Information about Stock Options

The following table summarizes certain information about stock options for the three months ended March 31, 2014 and 2013:

 

     Three Months Ended
March 31,
 
     2014      2013  

Weighted-average grant-date fair value of option grants for the period

   $ 1.82      $ 1.65   
  

 

 

    

 

 

 

Options in-the-money at period end

     585,885         615,419   
  

 

 

    

 

 

 

Aggregate intrinsic value of options exercised

   $ 130,876       $ 1,000   
  

 

 

    

 

 

 
Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity for the three months ended March 31, 2014:

 

     Number of
Shares
    Weighted Average
Grant Date Fair
Value
 

Unvested at December 31, 2013

     187,382      $ 4.40   

Granted

     15,000        3.34   

Vested

     (52,858     4.17   

Forfeited

     (23,125     5.60   
  

 

 

   

 

 

 

Unvested at March 31, 2014

     126,399      $ 4.16   
  

 

 

   

 

 

 

Expected to vest after March 31, 2014

     120,556      $ 4.02   
  

 

 

   

 

 

 
Summary of Shares of Common Stock Reserved for Future Issuance under Plans

The following table summarizes our shares of common stock reserved for future issuance under the Plans at March 31, 2014:

 

     March 31,
2014
 

Stock options outstanding

     1,652,867   

Restricted stock units outstanding

     126,399   

Stock options available for future grant

     884,578   
  

 

 

 

Common stock reserved for future issuance

     2,663,844