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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Weighted Average Assumptions of Fair Value Options Using Black-Scholes Option-Pricing Model
The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted average assumptions:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2017
 
2016
 
2017
 
2016
Dividend yield
0.0%
 
0.0%
 
0.0%
 
0.0%
Risk-free interest rate
1.8%
 
1.1%
 
1.7% - 1.9%
 
1.0% - 1.4%
Expected life (in years)
5
 
5
 
5
 
5
Historical volatility
47.3%
 
47.9%
 
46.6% - 47.6%
 
47.3% - 48.2%
Summary of Stock Option Activity and Weighted Average Exercise Prices
A summary of the Company’s stock option activity and weighted average exercise prices follows:
 
Stock Option Activity
 
Weighted Average Remaining Contractual Term (in years)
 
Aggregate Intrinsic Value (in thousands)
 
Options (in thousands)
 
Weighted
Average
Exercise Price
 
 
Balance outstanding at December 31, 2016
7,769

 
$
10.88

 
 
 
 
Granted
1,553

 
8.47

 
 
 
 
Exercised
(777
)
 
8.86

 
 
 
 
Cancelled or expired
(841
)
 
12.14

 
 
 
 
Balance outstanding at September 30, 2017
7,704

 
$
10.47

 
6.14
 
$
26,888

Options vested and expected to vest
7,045

 
$
10.66

 
5.85
 
$
23,517

Options exercisable at September 30, 2017
5,151

 
$
11.18

 
4.86
 
$
15,315

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about outstanding and vested stock options as of September 30, 2017:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Number of Shares Outstanding (in thousands)
 
Weighted-Average Remaining Contractual Life (Years)
 
Weighted-Average Exercise Price
 
Number of Shares (in thousands)
 
Weighted-Average Exercise Price
$1.79 - $7.02
 
892

 
3.79
 
$
5.23

 
674

 
$
4.81

$7.04 - $7.45
 
356

 
7.81
 
7.26

 
227

 
7.22

$7.60 - $7.60
 
875

 
9.59
 
7.60

 
—

 
—

$7.95 - $9.24
 
775

 
6.28
 
8.97

 
601

 
9.16

$9.34 - $10.05
 
853

 
7.53
 
9.75

 
502

 
9.82

$10.13 - $10.31
 
781

 
6.12
 
10.14

 
585

 
10.13

$10.53 - $11.96
 
795

 
6.68
 
11.03

 
394

 
11.17

$12.09 - $13.28
 
1,041

 
4.20
 
13.05

 
997

 
13.04

$13.34 - $16.98
 
1,042

 
5.50
 
15.24

 
877

 
15.56

$17.88 - $18.24
 
294

 
4.33
 
18.06

 
294

 
18.06

 
 
 
 
 
 
 
 
 
 
 
 
 
7,704

 
6.14
 
$
10.47

 
5,151

 
$
11.18

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
A summary of the Company’s restricted stock units (“RSUs”) activity and weighted average exercise prices follows:
 
Restricted Stock Unit Activity
 
 
 
Number of Shares (in thousands)
 
Weighted Average
Grant Date Fair Value (Per Share)
 
Aggregate Fair Value (in thousands)
Balance outstanding at December 31, 2016
1,188

 
$
8.44

 
$
—

Awarded
317

 
7.87

 
—

Released
(312
)
 
8.40

 
—

Forfeited
(244
)
 
8.46

 
—

Non-vested and outstanding at September 30, 2017
949

 
$
8.24

 
$
12,865

Expected to vest
719

 
$
8.44

 
$
9,744