XML 93 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Options and Awards
     June 30,  
     2013  

Common stock shares available for grant

     1,828,299   

Common stock options outstanding

     3,238,719   

Restricted stock awards outstanding

     44,000   

Restricted stock units outstanding

     727,973   
Schedule of Employee Stock Purchase Plan
     Six Months
Ended
June 30,
2013
 

Shares purchased under ESPP

     16,003   

Average price of shares purchased under ESPP

   $ 4.51   

Intrinsic value of shares purchased under ESPP

   $ 36,727   
Schedule of Stock Options Activity

The following table sets forth the summary of option activity under the Company’s stock option plans for the six months ended June 30, 2013 and year ended December 31, 2012:

 

     Six Months
Ended
June 30,
2013
    Year
Ended
December  31,
2012
 

Beginning outstanding balance

     3,155,631        3,267,838   

Granted

     1,006,700        425,150   

Exercised

     (900,925     (231,403

Forfeited and cancelled

     (22,687     (305,954
  

 

 

   

 

 

 

Ending outstanding balance

     3,238,719        3,155,631   
  

 

 

   

 

 

 

Aggregate intrinsic value of options exercised

   $ 5,390,000      $ 443,000   

Weighted average fair value of options granted

     5.59        3.35   
Schedule of Information Regarding Stock Options Outstanding

Information regarding stock options outstanding at June 30, 2013 and December 31, 2012 is summarized below:

 

     Number of
Shares
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life (years)
     Aggregate
Intrinsic
Value
(In millions)
 

December 31, 2012

           

Options outstanding

     3,155,631       $ 6.65         5.24       $ 3.5   

Options vested and expected to vest using estimated forfeiture rates

     3,019,979         6.67         5.17         3.4   

Options exercisable

     2,329,987         6.91         4.69         2.5   

June 30, 2013

           

Options outstanding

     3,238,719       $ 7.67         5.93       $ 18.6   

Options vested and expected to vest using estimated forfeiture rates

     2,940,922         7.49         5.86         17.4   

Options exercisable

     1,643,808         6.77         5.31         11.1   
Schedule of Restricted Stock Units Activity

RSU activity for the six months ended June 30, 2013 and year ended December 31, 2012 was as follows:

 

     Six Months
Ended
June 30,
2013
    Year
Ended
December  31,
2012
 

Beginning outstanding balance

     708,651        407,765   

Awarded

     294,150        555,911   

Released

     (261,881     (203,519

Forfeited

     (12,947     (51,506
  

 

 

   

 

 

 

Ending outstanding balance

     727,973        708,651   
  

 

 

   

 

 

 

Weighted average grant date fair value of RSUs granted

   $ 7.12      $ 6.64   

Total fair value of RSUs released

     2,266,000        1,128,000   

Total fair value of RSUs remaining unvested

     9,646,000        4,868,000   
Schedule of Information Regarding Restricted Stock Unit Outstanding

Information regarding RSUs outstanding at June 30, 2013 and December 31, 2012 is summarized below:

 

     Number
of Shares
     Weighted
Average
Remaining
Contractual
Life (years)
     Aggregate
Intrinsic
Value

(In  millions)
     Fair
Value
(In  millions)
 

December 31, 2012

           

RSUs outstanding

     708,651         1.09       $ 4.9       $ 4.9   

RSUs vested and expected to vest using estimated forfeiture rates

     588,170         1.05         4.0      

June 30, 2013

           

RSUs outstanding

     727,973         1.35       $ 9.6       $ 9.6   

RSUs vested and expected to vest using estimated forfeiture rates

     595,309         1.31         7.9      
Schedule of Restricted Stock Awards Activity

Restricted stock award activity for the six months ended June 30, 2013 and year ended December 31, 2012 was as follows:

 

     Six Months
Ended
June 30,
2013
    Year
Ended
December  31,
2012
 

Beginning outstanding balance

     44,000        18,000   

Awarded

     44,000        57,750   

Released

     (44,000     (31,750

Forfeited

     0        0   
  

 

 

   

 

 

 

Ending outstanding balance

     44,000        44,000   
  

 

 

   

 

 

 

Weighted average grant date fair value of restricted stock awarded

   $ 14.09      $ 5.70   

Total fair value of restricted stock awards released

     620,000        171,000   
Schedule of Stock Option and Employee Stock Purchase Plan, Valuation Assumptions

The assumptions used to value option grants under the Company’s Stock Plans were as follows:

 

     Three Months Ended
June 30,
    Six Months Ended
June 30,
 

Options

   2013     2012     2013     2012  

Expected life (in years)

     4.7        4.5        4.9        4.5   

Volatility

     67     70     68     70

Interest rate

     0.8     0.7     0.8     0.7

Dividend yield

     N/A        N/A        N/A        N/A   

 

     Three Months Ended
June 30,
     Six Months Ended
June 30,
 

Employee Stock Purchase Plan

   2013      2012      2013     2012  

Expected life (in years)

     N/A         N/A         0.5        0.5   

Volatility

     N/A         N/A         66     72

Interest rate

     N/A         N/A         0.1     0.1

Dividend yield

     N/A         N/A         N/A        N/A   
Schedule of Stock-Based Compensation

Total stock-based compensation recognized in the condensed consolidated statements of operations and comprehensive income (loss) is as follows:

 

     Three Months Ended      Six Months Ended  
     June 30,      June 30,  
     2013      2012      2013      2012  
     (In thousands)      (In thousands)  

Statement of Operations Classifications

           

Sales and marketing

   $ 109       $ 109       $ 273       $ 224   

Research and development

     262         204         576         413   

General and administrative

     780         505         1,340         901   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 1,151       $ 818       $ 2,189       $ 1,538