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Stockholders' equity (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Stock Option Transactions and Number of Stock Options Outstanding

Stock option transactions and the number of stock options outstanding are summarized below:

 

     NUMBER OF
SHARES
    WEIGHTED
AVERAGE
EXERCISE PRICE
     WEIGHTED
AVERAGE
REMAINING
CONTRACTUAL
LIFE

(IN YEARS)
   AGGREGATE
INTRINSIC VALUE
(IN THOUSANDS)

Outstanding at December 31, 2016

     1,378,352     $ 9.38      7.81    $9,829

Options granted

     837,540       16.63        

Options exercised

     (49,280     9.10        

Options forfeited

     (97,445     12.29        
  

 

 

   

 

 

    

 

  

 

Outstanding at December 31, 2017

     2,069,167     $ 12.18      7.76    $3,187
  

 

 

   

 

 

    

 

  

 

Exercisable as of December 31, 2017

     912,098     $ 9.52      6.35    $2,248

 

Schedule of Weighted Average Assumptions

The fair value of stock options granted is estimated using the Black-Scholes option pricing model with the following weighted average assumptions:

 

     YEARS ENDED
DECEMBER 31,
 
     2017     2016     2015  

Expected volatility

     84     82     97

Expected dividends

     0     0     0

Expected terms (years)

     6.00       6.00       6.00  

Risk free rate

     1.90     1.24     1.48

Weighted average grant-date fair value of stock options

   $ 11.85     $ 6.11     $ 8.91