XML 36 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 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

June 30,

 

 

Six Months Ended

June 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Dividend yield

 

0

%

 

 

0

%

 

 

0

%

 

 

0

%

Expected life

3.3 years

 

 

3.3 years

 

 

3.3 years

 

 

3.2 years

 

Expected volatility

 

52

%

 

 

59

%

 

 

52

%

 

 

60

%

Risk-free interest rate

 

1.3

%

 

 

1.3

%

 

 

1.2

%

 

 

1.2

%

 

Stock-Based Compensation Expense

The impact on our results of operations of stock-based compensation expense for the three and six month periods ended June 30, 2015 and 2014 was as follows (in thousands, except per share amounts):

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Cost of revenue — service

$

105

 

 

$

36

 

 

$

218

 

 

$

77

 

Selling, general and administrative

 

182

 

 

 

191

 

 

 

320

 

 

 

366

 

Research and development

 

18

 

 

 

(8

)

 

 

31

 

 

 

20

 

Total stock-based compensation expense

$

305

 

 

$

219

 

 

$

569

 

 

$

463

 

Per diluted share

$

0.02

 

 

$

0.02

 

 

$

0.05

 

 

$

0.04

 

 

Summary of Stock Option Activity

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

 

 

24,725

 

 

 

4.33

 

 

 

 

 

 

 

 

 

Exercised

 

 

(117,056

)

 

 

2.95

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(58,429

)

 

 

3.29

 

 

 

 

 

 

 

 

 

Expired

 

 

(6,376

)

 

 

2.62

 

 

 

 

 

 

 

 

 

Balance at June 30, 2015

 

 

1,396,224

 

 

$

3.57

 

 

 

6.83

 

 

$

4,497,910

 

Vested and expected to vest at June 30, 2015

 

 

1,324,724

 

 

$

3.57

 

 

 

6.73

 

 

$

4,270,113

 

Exercisable at June 30, 2015

 

 

623,582

 

 

$

3.58

 

 

 

4.71

 

 

$

2,011,909

 

 

Summary of Certain Information about Stock Options

The following table summarizes certain information about stock options for the three and six month periods ended June 30, 2015 and 2014:

 

 

Three Months Ended

June 30,

 

 

Six Months Ended

June 30,

 

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Weighted-average grant-date fair value of option

   grants for the period

$

1.88

 

 

$

1.88

 

 

$

1.92

 

 

$

1.68

 

Options in-the-money at period end

 

1,390,199

 

 

 

450,914

 

 

 

1,390,199

 

 

 

450,914

 

Aggregate intrinsic value of options exercised

$

302,895

 

 

$

110,347

 

 

$

350,776

 

 

$

241,224

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity for the six month period ended June 30, 2015:

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date Fair

Value

 

Unvested at December 31, 2014

 

80,179

 

 

$

3.40

 

Granted

 

50,728

 

 

 

6.32

 

Vested

 

(50,391

)

 

 

3.42

 

Forfeited

 

(8,976

)

 

 

3.15

 

Unvested at June 30, 2015

 

71,540

 

 

$

5.48

 

Expected to vest after June 30, 2015

 

68,810

 

 

$

5.51

 

 

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 as of June 30, 2015:

 

Stock options outstanding

 

1,396,224

 

RSUs outstanding

 

71,540

 

Stock awards available for future grant

 

1,602,411

 

Common stock reserved for future issuance

 

3,070,175