XML 44 R29.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Summary of option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

 

Outstanding Options

 

Remaining

 

Aggregate

 

 

Number of

 

Weighted-Average

 

Contractual

 

Intrinsic

 

 

Shares

 

Exercise Price

 

Life

 

Value

 

 

(In thousands)

 

 

 

(In years)

 

(In thousands)

Balance at December 31, 2015

 

3,630

 

$

23.80

 

 

 

 

 

Options granted

 

716

 

$

26.98

 

 

 

 

 

Options exercised

 

(603)

 

$

19.66

 

 

 

 

 

Options forfeited

 

(47)

 

$

28.23

 

 

 

 

 

Options expired

 

(90)

 

$

23.88

 

 

 

 

 

Balance at December 31, 2016

 

3,606

 

$

25.07

 

5.4

 

$

17,518

Exercisable at December 31, 2016

 

2,629

 

$

23.91

 

4.2

 

$

15,815

Vested and expected to vest at December 31, 2016

 

3,543

 

$

25.02

 

5.4

 

$

17,403

 

Summary of RSU activity

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

Number of

 

Grant Date Fair

 

 

Shares

 

Value

 

 

(In thousands)

 

 

 

Balance at December 31, 2015

 

682

 

$

30.18

RSUs granted

 

605

 

$

27.50

RSUs vested

 

(319)

 

$

30.27

RSUs cancelled

 

(97)

 

$

29.02

Balance at December 31, 2016

 

871

 

$

28.42

 

Schedule of share-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

(In thousands)

 

 

 

 

 

 

 

 

 

 

 

Cost of product revenues

 

 

$

590

    

$

525

    

$

497

Research and development

 

 

 

4,934

 

 

4,228

 

 

4,143

Selling and marketing

 

 

 

5,551

 

 

4,526

 

 

4,822

General and administrative

 

 

 

7,228

 

 

6,726

 

 

7,076

Total

 

 

$

18,303

 

$

16,005

 

$

16,538

 

Schedule of weighted-average fair values and assumptions used in calculation of fair value of stock options and employee stock purchase plan

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

 

2016

 

2015

 

2014

 

Expected volatility:

    

 

    

    

 

    

    

 

    

 

Stock options

 

 

44

%  

 

44

%  

 

44

%  

ESPP

 

 

44

%  

 

35

%  

 

37

%  

Risk-free interest rate:

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

1.36

%  

 

1.66

%  

 

1.97

%  

ESPP

 

 

0.47

%  

 

0.10

%  

 

0.08

%  

Expected life in years:

 

 

 

 

 

 

 

 

 

 

Stock options

 

 

6.10

 

 

5.94

 

 

6.61

 

ESPP

 

 

0.50

 

 

0.50

 

 

0.50

 

Weighted-average fair value:

 

 

 

 

 

 

 

 

 

 

Stock options

 

$

11.73

 

$

13.37

 

$

14.13

 

ESPP

 

$

7.35

 

$

6.99

 

$

7.24

 

 

Performance-Based Vesting  
Summary of RSU activity

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

Number of

 

Grant Date Fair

 

 

Shares

 

Value

 

 

(In thousands)

 

 

 

Balance at December 31, 2015

 

6

 

$

27.21

PVRSUs granted

 

12

 

$

28.09

PVRSUs vested

 

(6)

 

$

27.21

PVRSUs cancelled

 

(12)

 

$

28.09

Balance at December 31, 2016

 

 —

 

$

 —