Subsequent Events

12 Months Ended

Dec. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

During January 2018, shares issuable under the Company’s 2010 Employee Stock Purchase Plan increased by 575,119 shares and shares issuable under the Company’s 2010 Plan increased by 2,588,036 shares in accordance with the automatic annual increase provisions of such plans.

During January and February 2018, the Company entered into software subscription agreements with various service providers with obligations of approximately $3.1 million in 2018, $3.1 million in 2019 and $3.1 million in 2020.

During January and February 2018, the Compensation Committee granted restricted stock units covering an aggregate of 64,635 shares of the Company’s common stock which generally vest annually over four years.

Subsequent to December 31, 2017 and as of February 9, 2018, the Company repurchased 0.3 million shares of its common stock at an average cost of $37.03 per share for a total expenditure of $9.9 million.