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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Weighted Average Fair Value of Employee Stock Options Granted

During the three months ended March 31, 2016 and 2015, the per share weighted average fair value of employee stock options granted were as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2016

 

 

2015

 

Stock Options

 

$

0.44

 

 

$

1.29

 

Restricted Stock Units

 

 

 

 

 

 

Stock Purchase Rights

 

 

0.41

 

 

 

0.67

 

 

Estimated Grant Date Fair Values of Stock Options with Weighted Average Assumptions

The estimated grant date fair values of the stock options and stock purchase rights were calculated using the Black-Scholes valuation model, and the following weighted average assumptions:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2016

 

 

2015

 

Stock Option Plans

 

 

 

 

 

 

 

 

Weighted-average expected term

 

5.0 Years

 

 

5.0 Years

 

Expected volatility

 

 

80%

 

 

 

85%

 

Risk-free interest rate

 

 

1.52%

 

 

 

1.40%

 

Dividend yield

 

 

0%

 

 

 

0%

 

 

 

 

 

 

 

 

 

 

Employee Stock Purchase Plan

 

 

 

 

 

 

 

 

Weighted-average expected term

 

0.6 Years

 

 

0.5 Years

 

Expected volatility

 

 

75%

 

 

 

60%

 

Risk-free interest rate

 

 

0.33%

 

 

 

1.62%

 

Dividend yield

 

 

0%

 

 

 

0%