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Shareholders' Equity (Tables)
3 Months Ended
Mar. 31, 2018
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,

 

 

 

2018

 

 

2017

 

Dividend yield

 

 

0

%

 

 

0

%

Expected life

 

5.4 years

 

 

3.3 years

 

Expected volatility

 

 

54

%

 

 

53

%

Risk-free interest rate

 

 

2.4

%

 

 

1.7

%

 

Stock-Based Compensation Expense

 

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

 

 

Three Months Ended March 31,

 

 

2018

 

 

2017

 

Cost of revenue — professional engineering service

$

11

 

 

$

65

 

Selling, general and administrative

 

264

 

 

 

284

 

Research and development

 

56

 

 

 

50

 

Total stock-based compensation expense

$

331

 

 

$

399

 

Per diluted share

$

0.03

 

 

$

0.03

 

 

Summary of Stock Option Activity

The following table summarizes stock option activity under the Plans:

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

Contractual Life

 

 

Aggregate

 

 

 

Number of Shares

 

 

Exercise Price

 

 

(in years)

 

 

Intrinsic Value

 

Balance at December 31, 2017

 

 

1,912,161

 

 

$

4.88

 

 

 

7.61

 

 

$

781,735

 

Granted

 

 

170,643

 

 

 

4.16

 

 

 

 

 

 

 

 

 

Exercised

 

 

(680

)

 

 

3.62

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(11,100

)

 

 

5.28

 

 

 

 

 

 

 

 

 

Expired

 

 

(13,556

)

 

 

5.78

 

 

 

 

 

 

 

 

 

Balance at March 31, 2018

 

 

2,057,468

 

 

$

4.81

 

 

 

7.59

 

 

$

559,221

 

Vested and expected to vest at March 31, 2018

 

 

1,924,493

 

 

$

4.80

 

 

 

7.49

 

 

$

554,722

 

Exercisable at March 31, 2018

 

 

1,127,389

 

 

$

4.55

 

 

 

6.54

 

 

$

534,925

 

 

Summary of Certain Additional Information about Stock Options

The following table summarizes certain information about stock options:

 

 

Three Months Ended March 31,

 

 

 

2018

 

 

2017

 

Weighted average grant-date fair value for options granted during the period

 

$

2.09

 

 

$

3.01

 

Options in-the-money

 

 

737,632

 

 

 

1,224,182

 

Aggregate intrinsic value of options exercised during the period

 

$

275

 

 

$

40,421

 

 

Summary of Restricted Stock Unit Activity

The following table summarizes RSU activity under the Plans:

 

 

 

Number of

 

 

Weighted Average

 

 

 

Shares

 

 

Award Price

 

Unvested at December 31, 2017

 

 

116,968

 

 

$

5.33

 

Granted

 

 

10,000

 

 

 

4.24

 

Vested

 

 

(24,856

)

 

 

5.20

 

Forfeited

 

 

 

 

 

 

Unvested at March 31, 2018

 

 

102,112

 

 

$

5.25

 

Expected to vest after March 31, 2018

 

 

90,343

 

 

$

5.26

 

 

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 March 31, 2018:

 

 

 

March 31, 2018

 

Stock options outstanding

 

 

2,057,468

 

Restricted stock units outstanding

 

 

102,112

 

Stock options available for future grant

 

 

1,033,269

 

Common stock reserved for future issuance

 

 

3,192,849