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Stock-based Compensation Plans and Awards (Tables)
12 Months Ended
Dec. 31, 2019
Stock-based Compensation Plans and Awards  
Schedule of Stock-based Payment Award, Stock Options, Valuation Weighted Average Assumptions

 

 

 

 

 

 

 

 

Year ended December 31,

    

 

    

2019

    

2018

    

Expected life (in years)

 

5.7

 

5.8

 

Risk-free interest rate

 

2.4

%  

2.9

%  

Expected volatility range

 

43.9

%  

44.2

%  

Expected dividend yield

 

 —

 

 

 

Stock Options Activity

Stock option activity is as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

average

 

 

 

 

 

 

 

 

 

Weighted

 

remaining

 

 

 

 

 

 

Number of

 

 

average

 

contractual

 

Aggregate

 

 

    

options

 

 

exercise

 

term

 

intrinsic

 

 

 

outstanding

 

 

price

 

(in years)

 

value

 

Outstanding at December 31, 2018

 

1,853

 

$

9.65

 

6.09

 

$

879

 

Options granted

 

120

 

$

7.80

 

 

 

 

 

 

Options exercised

 

(105)

 

$

5.70

 

 

 

 

 

 

Options forfeited or cancelled

 

(58)

 

$

5.90

 

 

 

 

 

 

Outstanding at December 31, 2019

 

1,810

 

$

9.88

 

5.31

 

$

 —

 

Exercisable at December 31, 2019

 

1,671

 

$

10.02

 

5.01

 

$

 —

 

Vested and expected to vest at December 31, 2019

 

1,810

 

$

9.88

 

5.31

 

$

 —

 

 

Schedule of Stock-Based Compensation, Activity

Information related to stock-based compensation activity is as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

    

2019

    

2018

 

Weighted average fair value of options granted (per option)

 

$

3.45

 

$

4.75

 

Intrinsic value of options exercised

 

$

160

 

$

1,167

 

 

Restricted Stock Unit Activity

Restricted stock unit activity is as follows (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

average

 

 

 

Number of

 

grant date

 

 

    

shares

 

fair value

 

Unvested at December 31, 2018

 

1,921

 

$

7.99

 

Granted

 

2,612

 

$

6.46

 

Vested

 

(1,058)

 

$

7.89

 

Forfeited

 

(437)

 

$

7.98

 

Unvested at December 31, 2019

 

3,038

 

$

6.71

 

 

Stock-based Compensation Expense

Stock-based compensation expense related to all employee and non-employee stock-based awards was as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

    

2019

    

2018

 

Service costs

 

$

1,139

 

$

699

 

Sales and marketing

 

 

843

 

 

937

 

Product development

 

 

2,536

 

 

2,278

 

General and administrative

 

 

4,846

 

 

5,517

 

Total stock-based compensation

 

$

9,364

 

$

9,431