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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Values of Equity Awards, Primarily Stock Option Grants Estimated with Weighted Average Assumptions

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

  

 

 

Year Ended

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Dividend yield

 

 

0

%

 

 

0

%

Expected life

 

3.3 years

 

 

3.3 years

 

Expected volatility

 

 

52

%

 

 

59

%

Risk-free interest rate

 

 

1.2

%

 

 

1.3

%

  

Stock-Based Compensation Expense

The impact on our results of operations of recording stock-based compensation expense was as follows (in thousands, except per share amounts):

  

 

 

Year Ended

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Cost of revenue—service

 

$

508

 

 

$

236

 

Selling, general and administrative

 

 

925

 

 

 

698

 

Research and development

 

 

83

 

 

 

48

 

Total stock-based compensation expense

 

$

1,516

 

 

$

982

 

Per basic and diluted share

 

$

0.12

 

 

$

0.08

 

  

Summary of Stock Option Activity

The following table summarizes stock option activity under the Plans for 2015 and 2014:

  

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Contractual

 

 

Aggregate

 

 

 

Number of

 

 

Exercise

 

 

Life

 

 

Intrinsic

 

Stock Options

 

Shares

 

 

Price

 

 

(in years)

 

 

Value

 

Balance at January 1, 2014

 

 

1,515,621

 

 

$

3.36

 

 

 

3.93

 

 

 

 

 

Granted

 

 

848,208

 

 

 

3.53

 

 

 

 

 

 

 

 

 

Exercised

 

 

(393,128

)

 

 

2.50

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(122,280

)

 

 

3.28

 

 

 

 

 

 

 

 

 

Expired

 

 

(295,061

)

 

 

4.34

 

 

 

 

 

 

 

 

 

Balance at December 31, 2014

 

 

1,553,360

 

 

$

3.50

 

 

 

7.04

 

 

 

 

 

Granted

 

 

564,450

 

 

 

6.37

 

 

 

 

 

 

 

 

 

Exercised

 

 

(250,196

)

 

 

3.18

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(81,666

)

 

 

4.01

 

 

 

 

 

 

 

 

 

Expired

 

 

(7,251

)

 

 

2.82

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

 

1,778,697

 

 

$

4.43

 

 

 

7.83

 

 

$

3,166,290

 

Vested and expected to vest at December 31, 2015

 

 

1,656,034

 

 

$

4.35

 

 

 

7.72

 

 

$

3,065,335

 

Exercisable at December 31, 2015

 

 

762,555

 

 

$

3.61

 

 

 

6.28

 

 

$

1,911,371

 

  

Summary of Certain Information about Stock Options

The following table summarizes certain information about stock options:

  

 

 

Year Ended

 

 

 

December 31,

 

 

 

2015

 

 

2014

 

Weighted average grant-date fair value for options granted

   during the year

 

$

3.13

 

 

$

1.73

 

Vested options in-the-money at December 31

 

 

703,765

 

 

 

443,309

 

Aggregate intrinsic value of options exercised during the year

 

$

860,743

 

 

$

436,770

 

  

Summary of Restricted Stock Unit Activity

The following table summarizes restricted stock unit activity under the Stock Plan for 2015 and 2014:

  

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Award

 

 

 

Shares

 

 

Price

 

Unvested at January 1, 2014

 

 

187,382

 

 

$

4.40

 

Granted

 

 

110,235

 

 

 

3.21

 

Vested

 

 

(159,565

)

 

 

3.68

 

Forfeited

 

 

(57,873

)

 

 

5.51

 

Unvested at December 31, 2014

 

 

80,179

 

 

$

3.40

 

Granted

 

 

117,049

 

 

 

6.34

 

Vested

 

 

(83,789

)

 

 

4.32

 

Forfeited

 

 

(8,976

)

 

 

3.15

 

Unvested at December 31, 2015

 

 

104,463

 

 

$

5.97

 

Expected to vest after December 31, 2015

 

 

92,303

 

 

$

5.95

 

  

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:

  

 

 

December 31,

 

 

 

2015

 

 

2014

 

Stock options outstanding

 

 

1,778,697

 

 

 

1,553,360

 

Restricted stock units outstanding

 

 

104,463

 

 

 

80,179

 

Stock options available for future grant

 

 

1,020,477

 

 

 

654,083

 

Common stock reserved for future issuance

 

 

2,903,637

 

 

 

2,287,622