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Stock incentive plans (Tables)
12 Months Ended
Dec. 31, 2018
Stock incentive plans  
Schedule of stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

    

2018

    

2017

    

2016

Network operations

 

$

2,070

 

$

2,174

 

$

2,144

Development and technology

 

 

1,242

 

 

1,068

 

 

1,070

Selling and marketing

 

 

1,868

 

 

2,060

 

 

1,842

General and administrative

 

 

7,088

 

 

8,913

 

 

7,749

Total stock-based compensation expense

 

$

12,268

 

$

14,215

 

$

12,805

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

Weighted-Average

 

 

 

 

 

Number of

 

Average

 

Remaining

 

Aggregate

 

 

Options

 

Exercise

 

Contract

 

Intrinsic

 

    

(000’s)

    

Price

    

Life (years)

    

Value

Outstanding at  December 31, 2017

 

1,283

 

$

9.58

 

3.8

 

$

16,573

Exercised

 

(972)

 

$

10.26

 

 

 

 

 

Canceled/forfeited

 

(7)

 

$

5.99

 

 

 

 

 

Outstanding and exercisable at December 31, 2018

 

304

 

$

7.49

 

3.8

 

$

3,970

 

Summary of RSU activity

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Number of

 

Average

 

 

Shares

 

Grant Date

 

    

(000’s)

    

Fair Value

Non-vested at December 31, 2017

 

3,324

 

$

7.35

Granted(2)

 

978

 

$

13.73

Vested

 

(1,113)

 

$

8.99

Canceled/forfeited

 

(70)

 

$

14.98

Non-vested at December 31, 2018

 

3,119

 

$

8.60


(2)

The RSUs granted to all of our named executive officers in 2016 were subject to satisfaction of specified service-based and performance-based conditions. The performance objectives were subject to under- or over- achievement on a sliding scale, with a threshold of 50% of the target number of RSUs and a maximum of 150% of the target RSUs. In February 2018, our Compensation Committee determined actual achievement of the 2016 performance-based RSUs resulting in additional RSUs granted of approximately 584,000 at a grant-date fair value of $6.13 per share during the year ended December 31, 2018.