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Stock-based Compensation (Tables)
6 Months Ended
Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Based Compensation Expense Included in Condensed Consolidated Statements of Income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

June 30,

 

Six Months Ended

June 30,

 

 

2014

 

2013

 

2014

 

2013

 

 

(unaudited)

Stock-based compensation expense:

 

 

 

 

 

 

 

 

 

 

 

 

Marketing

 

$

266 

 

$

106 

 

$

499 

 

$

198 

Technology and development

 

 

787 

 

 

296 

 

 

1,406 

 

 

522 

Customer service and operations

 

 

209 

 

 

107 

 

 

402 

 

 

184 

General and administrative

 

 

1,071 

 

 

450 

 

 

1,950 

 

 

833 

Total stock-based compensation

 

$

2,333 

 

$

959 

 

$

4,257 

 

$

1,737 

 

Weighted Average Assumptions for Options Granted

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

June 30,

 

Six Months Ended

June 30,

 

 

2014

 

2013

 

2014

 

2013

 

 

(unaudited)

Expected term (in years)

 

5.6

 

6.2

 

6.2

 

6.2

Risk-free interest rate

 

1.67%

 

1.02%

 

2.03%

 

1.02%

Dividend yield

 

None

 

None

 

None

 

None

Volatility rate

 

36%

 

44%

 

43%

 

44%

 

Stock Option Activity and Related Information

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

Exercisable

 

 

 

 

Average

 

 

 

Weighted-

 

 

Options

 

Exercise

 

Options

 

Average

 

 

Outstanding

 

Price

 

Exercisable

 

Exercise Price

Outstanding as of December 31, 2013

 

6,045,912 

 

$

7.72 

 

3,195,701 

 

$

3.64 

Granted

 

1,277,572 

 

 

26.20 

 

 

 

 

 

Exercised

 

(517,146)

 

 

3.43 

 

 

 

 

 

Forfeited and cancelled

 

(64,620)

 

 

19.07 

 

 

 

 

 

Outstanding as of June 30, 2014

 

6,741,718 

 

$

11.44 

 

3,433,826 

 

$

5.50 

 

Summary of RSU Activity

 

 

 

 

 

 

 

 

Outstanding RSUs

 

 

 

 

Weighted-

 

 

 

 

Average

 

 

 

 

Grant Date

 

    

Shares

    

FairValue

Unvested as of January 1, 2014

 

 —

 

$

 —

Granted

 

258,895 

 

 

19.41 

Vested

 

 —

 

 

 —

Forfeited and cancelled

 

(16,250)

 

 

24.54 

Unvested as of June 30, 2014

 

242,645 

 

$

19.07