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Stock Award Plans and Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Stock Award Plans and Stock Based Compensation  
Schedule of estimated weighted-average assumptions used in calculation of fair value of options granted

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

    

2017

    

2016

    

2015

 

Weighted-average expected volatility

 

N/A

 

49.3% — 56.7%

 

56.2% — 64.7%

 

Weighted-average expected term

 

N/A

 

4.7 years

 

4.6 — 4.7 years

 

Risk-free interest rate

 

N/A

 

1.1% — 2.0%

 

1.3% — 1.6%

 

Expected dividend yield

 

N/A

 

0%

 

0%

 

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted

    

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

 

 

Options

 

Price

 

Term

 

Value

 

 

 

(in thousands)

 

 

 

 

(years)

 

(in thousands)

 

Outstanding at December 31, 2016

 

4,951

 

$

7.29

 

 

 

 

 

 

Granted

 

 —

 

 

 —

 

 

 

 

 

 

Exercised

 

(2,358)

 

 

6.58

 

 

 

 

 

 

Canceled

 

(15)

 

 

10.24

 

 

 

 

 

 

Expired

 

(2)

 

 

21.32

 

 

 

 

 

 

Outstanding at December 31, 2017

 

2,576

 

$

7.91

 

3.21

 

$

53,571

 

Exercisable at December 31, 2017

 

2,008

 

$

7.16

 

2.92

 

$

43,236

 

Options Vested or Expected to Vest at December 31, 2017(1)

 

2,555

 

$

7.88

 

3.25

 

$

53,189

 


(1)   In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. Options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.

Schedule of changes in the Company's non-vested restricted stock units

 

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

 

 

 

Grant Date Fair

 

 

 

Shares/units

 

Value per Share

 

 

 

(in thousands)

 

 

 

 

Outstanding at December 31, 2016

 

548

 

$

9.85

 

Granted

 

320

 

 

20.72

 

Vested

 

(196)

 

 

11.32

 

Forfeited

 

(55)

 

 

10.36

 

Outstanding at December 31, 2017

 

617

 

$

14.93