Equity and Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Stock-Based Compensation Expense Recognized

Total stock options, SARs, RSUs and RSAs. The amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income for three and six months ended June 30, 2016 and 2015 was as follows (in thousands):

	Three Months Ended June 30,				For the Six Months Ended June 30,
Statement of Comprehensive Income Classification	2016		2015		2016		2015
Cost of software-enabled services	$	2,779	$	1,525	$	5,184	$	3,129
Cost of maintenance and term licenses		700		101		1,511		202
Cost of recurring revenues		3,479		1,626		6,695		3,331
Cost of professional services		599		159		1,243		325
Cost of non-recurring revenues		599		159		1,243		325
Total cost of revenues		4,078		1,785		7,938		3,656
Selling and marketing		2,860		745		6,445		1,488
Research and development		2,182		444		4,398		894
General and administrative		3,446		1,234		9,132		2,276
Total operating expenses		8,488		2,423		19,975		4,658
Total stock-based compensation expense	$	12,566	$	4,208	$	27,913	$	8,314

Summary of Stock Option Activity

The following table summarizes stock option and SAR activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		30,278,364
Granted		1,440,300
Cancelled/forfeited		(912,816	)
Exercised		(3,171,668	)
Outstanding at June 30, 2016		27,634,180

Summary of RSU Activity

The following table summarizes RSU activity as of and for the six months ended June 30, 2016:

	Shares
Outstanding at December 31, 2015		957,452
Granted		-
Cancelled/forfeited		(55,498	)
Vested		(419,702	)
Outstanding at June 30, 2016		482,252