XML 38 R18.htm IDEA: XBRL DOCUMENT v2.4.0.8
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 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
June 30,
    Six Months Ended
June 30,
 
     2014     2013     2014     2013  

Dividend yield

     0     0     0     0

Expected life

     3.3 years        4 years        3.2 years        4 years   

Expected volatility

     59     61     60     64

Risk-free interest rate

     1.3     0.7     1.2     0.7
Stock-Based Compensation Expense

The impact on our results of operations of stock-based compensation expense for the three and six months ended June 30, 2014 and 2013 was as follows (in thousands, except per share amounts):

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2014     2013      2014      2013  

Cost of revenue — service

   $ 36      $ 63       $ 77       $ 136   

Selling, general and administrative

     191        162         366         311   

Research and development

     (8     29         20         59   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

   $ 219      $ 254       $ 463       $ 506   
  

 

 

   

 

 

    

 

 

    

 

 

 

Per diluted share

   $ 0.02      $ 0.02       $ 0.04       $ 0.05   
  

 

 

   

 

 

    

 

 

    

 

 

Summary of Stock Option Activity

The following table summarizes stock option activity under the Plans for the six months ended June 30, 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

     337,325        3.32         

Exercised

     (254,152     2.43         

Forfeited

     (34,021     3.13         

Expired

     (239,371     4.47         
  

 

 

         

Balance at June 30, 2014

     1,325,402      $ 3.34         5.79       $ 348,579   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and expected to vest at June 30, 2014

     1,248,749      $ 3.34         5.62       $ 345,455   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at June 30, 2014

     708,013      $ 3.34         3.55       $ 310,236   
  

 

 

   

 

 

    

 

 

    

 

 

Summary of Certain Information about Stock Options

The following table summarizes certain information about stock options for the three and six months ended June 30, 2014 and 2013:

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 
     2014      2013      2014      2013  

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

   $ 1.88       $ 0       $ 1.68         1.65   
  

 

 

    

 

 

    

 

 

    

 

 

 

Options in-the-money at period end

     450,914         626,000         450,914         626,000   
  

 

 

    

 

 

    

 

 

    

 

 

 

Aggregate intrinsic value of options exercised

   $ 110,347       $ 1,000       $ 241,224       $ 1,000   
  

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity for the six months ended June 30, 2014:

 

     Number of
Shares
    Weighted Average
Grant Date Fair
Value
 

Unvested at December 31, 2013

     187,382      $ 4.40   

Granted

     102,735        3.16   

Vested

     (90,595     3.85   

Forfeited

     (41,912     5.67   
  

 

 

   

 

 

 

Unvested at June 30, 2014

     157,610      $ 3.57   
  

 

 

   

 

 

 

Expected to vest after June 30, 2014

     148,394      $ 3.45   
  

 

 

   

 

 

 
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 June 30, 2014:

 

     June 30,
2014
 

Stock options outstanding

     1,325,402   

Restricted stock units outstanding

     157,610   

Stock awards available for future grant

     1,012,556   
  

 

 

 

Common stock reserved for future issuance

     2,495,568