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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Schedule of Share Based Compensation Expense

The following presents the impact of share based compensation expense on our consolidated statements of income (in thousands):

 

     Year Ended
December 31,
 
     2013      2012      2011  

Marketing and selling

   $ 3,780       $ 3,068       $ 2,966   

Research and development

     1,910         1,589         1,612   

General and administrative

     2,519         2,261         2,396   
  

 

 

    

 

 

    

 

 

 

Total share based compensation

   $ 8,209       $ 6,918       $ 6,974   
  

 

 

    

 

 

    

 

 

 
Summary of Stock Option Activity

Stock option activity for all plans for the year ended December 31, 2013 is presented below:

 

     Number of
Shares
    Weighted-
Average Price
per Share
     Aggregate
Intrinsic
Value (1)
(in thousands)
     Weighted-
Average Remaining
Contractual Life
(in Years)
 

Outstanding at December 31, 2012

     4,032,433      $ 10.00         

Granted

     497,580      $ 22.35         

Exercised

     (1,788,274   $ 9.01         

Expired

     (187   $ 11.48         

Forfeited

     (37,921   $ 16.16         
  

 

 

         

Outstanding at December 31, 2013

     2,703,631      $ 12.84       $ 51,421         6.4   
  

 

 

         

Exercisable at December 31, 2013

     1,695,968      $ 10.02       $ 37,044         5.2   
  

 

 

         

Vested and expected to vest at December 31, 2013 (2)

     2,636,118      $ 12.72       $ 50,458      
  

 

 

         

 

(1) The aggregate intrinsic value is calculated as the positive difference between the exercise price of the underlying options and the quoted price of our shares of common stock on December 31, 2013.

 

(2) Represents the number of vested options as of December 31, 2013, plus the number of unvested options at December 31, 2013 that are ultimately expected to vest based on our estimated forfeiture rate.
Unvested Share Activity

Unvested share activity for the year ended December 31, 2013 is presented below:

 

     Shares     Weighted-
Average
Fair Value
Per Share
 

Unvested shares outstanding at December 31, 2012

     571,679      $ 12.82   

Granted

     276,279      $ 22.54   

Vested

     (266,115   $ 12.44   

Forfeited

     (13,729   $ 16.40   
  

 

 

   

Unvested shares outstanding at December 31, 2013

     568,114      $ 17.64