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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2015
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,

 

 

2015

 

 

2014

 

Dividend yield

 

0

%

 

 

0

%

Expected life

3.3 years

 

 

3.2 years

 

Expected volatility

 

53

%

 

 

61

%

Risk-free interest rate

 

1.2

%

 

 

1.2

%

 

Stock-Based Compensation Expense

The impact on our results of operations of stock-based compensation expense for the three months ended March 31, 2015 and 2014 was as follows (in thousands, except per share amounts):

 

 

Three Months Ended

March 31,

 

 

2015

 

 

2014

 

Cost of revenue — service

$

113

 

 

$

41

 

Selling, general and administrative

 

13

 

 

 

175

 

Research and development

 

138

 

 

 

28

 

Total stock-based compensation expense

$

264

 

 

$

244

 

Per diluted share

$

0.02

 

 

$

0.02

 

 

Summary of Stock Option Activity

The following table summarizes stock option activity under the Plans for the three months ended March 31, 2015:

 

Stock Options

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(in years)

 

 

Aggregate

Intrinsic

Value

 

Balance at January 1, 2015

 

 

1,553,360

 

 

$

3.50

 

 

 

 

 

 

 

 

 

Granted

 

 

2,500

 

 

 

4.47

 

 

 

 

 

 

 

 

 

Exercised

 

 

(28,387

)

 

 

2.97

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(45,998

)

 

 

3.20

 

 

 

 

 

 

 

 

 

Expired

 

 

(2,751

)

 

 

3.13

 

 

 

 

 

 

 

 

 

Balance at March 31, 2015

 

 

1,478,724

 

 

$

3.52

 

 

 

6.72

 

 

$

1,896,962

 

Vested and expected to vest at March 31, 2015

 

 

1,390,599

 

 

$

3.51

 

 

 

6.59

 

 

$

1,797,179

 

Exercisable at March 31, 2015

 

 

667,215

 

 

$

3.44

 

 

 

4.39

 

 

$

971,305

 

 

Summary of Certain Information about Stock Options

The following table summarizes certain information about stock options for the three months ended March 31, 2015 and 2014:

 

 

Three Months Ended

March 31,

 

 

2015

 

 

2014

 

Weighted-average grant-date fair value of option

   grants for the period

$

2.34

 

 

$

1.82

 

Options in-the-money at period end

 

1,353,633

 

 

 

585,885

 

Aggregate intrinsic value of options exercised

$

47,880

 

 

$

130,876

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity for the three months ended March 31, 2015:

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date Fair

Value

 

Unvested at December 31, 2014

 

80,179

 

 

$

3.40

 

Granted

 

19,848

 

 

 

4.62

 

Vested

 

(24,228

)

 

 

3.32

 

Forfeited

 

(8,976

)

 

 

3.15

 

Unvested at March 31, 2015

 

66,823

 

 

$

3.82

 

Expected to vest after March 31, 2015

 

61,842

 

 

$

3.82

 

 

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:

 

 

March 31,

2015

 

Stock options outstanding

 

1,478,724

 

Restricted stock units outstanding

 

66,823

 

Stock awards available for future grant

 

689,460

 

Common stock reserved for future issuance

 

2,235,007