Share-Based Compensation and Warrants

6 Months Ended

Jun. 30, 2016

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Share-Based Compensation and Warrants

Note 10. Share-Based Compensation and Warrants

Share-Based Compensation

The following table summarizes stock option activity under the Goodman Networks Incorporated 2008 Long-Term Incentive Plan (the “2008 Plan”) and the Goodman Networks, Incorporated 2000 Equity Incentive Plan (the “2000 Plan”) for the six months ended June 30, 2016:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
Outstanding at December 31, 2015		571,566		$	64.47		6.23
Forfeited		(4,002	)		104.89
Expirations		(30,998	)		104.89
Outstanding at June 30, 2016		536,566		$	62.62		5.64
Exercisable at June 30, 2016		503,725		$	60.70		5.44

The fair values of option awards granted were estimated at the grant date using a Black-Scholes option pricing model with the following assumptions:

	2015		2016
Expected volatility	60.70% - 67.53%		n/a
Risk-free interest rate	0.35% - 1.62%		n/a
Expected life (in years)	1.00 - 5.65		n/a
Expected dividend yield		0.00%	n/a

The Company did not grant any stock options during six months ended June 30, 2016.  As of June 30, 2016, there was approximately $1.0 million of unrecognized compensation costs related to non-vested stock options.  These costs are expected to be recognized over a remaining weighted average vesting period of 0.60 years.

There were no stock options exercised during the six months ended June 30, 2016. The intrinsic value for stock options vested and expected to vest is $5.4 million.

The compensation expense recognized for outstanding share-based awards was $1.0 million and $0.2 million for the three months ended June 30, 2015 and 2016, respectively, and $2.9 million and $0.7 million for the six months ended June 30, 2015 and 2016.