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Stock Options And Employee Stock Purchase Plan (Tables)
6 Months Ended
Jun. 30, 2013
Stock Options Activity
The following table represents stock option activity for the six months ended June 30, 2013:
 
Number of
Shares
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2013
1,765,461

 
$
22.08

 
 
 
 
Granted

 

 
 
 
 
Exercised
(268,793
)
 
24.27

 
 
 
 
Canceled
(20,600
)
 
21.79

 
 
 
 
Outstanding at June 30, 2013
1,476,068

 
21.69

 
4.6
 
$
30,731,407

Exercisable at June 30, 2013
1,126,109

 
21.16

 
3.8
 
$
24,039,530

Vested and expected to vest at June 30, 2013
1,411,380

 
$
21.53

 
4.4
 
$
29,614,301


Assumptions To Estimate Fair Value Of Stock Options
The weighted-average fair values of stock options granted have been estimated utilizing the following assumptions, no stock options were granted during the six month period ended June 30, 2013:
 
 
Six Months Ended June 30,
 
 
2012
Risk-free interest rate
 
0.97%
Expected term (in years)
 
5.7
Dividend yield
 
3.43%
Expected volatility
 
41%
Weighted-average volatility
 
41%
Allocation Of Share-Based Compensation Expense
The following table represents share-based compensation expense included in cost of revenues and operating expenses in the accompanying condensed consolidated statements of operations for the six months ended June 30, 2013 and 2012 (in thousands):

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Cost of revenues
$
205

 
$
192

 
$
419

 
$
434

Operating expenses:
 

 
 

 
 
 
 

Sales and marketing
432

 
352

 
850

 
727

Research, development and engineering
102

 
117

 
208

 
233

General and administrative
1,596

 
1,494

 
3,206

 
3,054

Total
$
2,335

 
$
2,155

 
$
4,683

 
$
4,448


Restricted Stock [Member]
 
Restricted Stock And Restricted Stock Unit Award Activity
Restricted stock award activity for the six months ended June 30, 2013 is set forth below:
 
Shares
 
Weighted-Average
Grant-Date
Fair Value
Nonvested at January 1, 2013
828,475

 
$
23.08

Granted
170,930

 
40.08

Vested
(255,541
)
 
20.33

Canceled
(37,400
)
 
23.51

Nonvested at June 30, 2013
706,464

 
$
28.16

Restricted Stock Units (RSUs) [Member]
 
Restricted Stock And Restricted Stock Unit Award Activity
Restricted stock unit award activity for the six months ended June 30, 2013 is set forth below:

 
Number of
Shares
 
Weighted-Average
Remaining
Contractual
Term (in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2013
115,466

 
 
 
 
Granted
6,675

 
 
 
 
Vested
(8,716
)
 
 
 
 
Canceled
(33,000
)
 
 
 
 
Outstanding at June 30, 2013
80,425

 
2.3
 
$
3,418,867

Vested and expected to vest at June 30, 2013
54,961

 
2.1
 
$
2,336,374