XML 35 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Assumptions for Estimating Fair Value of Stock Options
The following table summarizes the assumptions used for estimating the fair value of stock options granted during the six months ended June 30, 2015:
 
 
Six Months Ended June 30, 2015
Risk-free interest rate
1.65 - 2.13 %
Expected term (years)
5.51 - 6.04
Expected volatility
44.00 - 46.51 %
Dividend yield
0%
Weighted-average grant date fair value per share option
$8.27
Summary of Option Activity
The following is a summary of option activity during the six months ended June 30, 2015:
 
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
 
 
 
 
 
(in years)
 
(in thousands)
Outstanding at January 1, 2015
10,371,472

 
$
4.59

 
 
 
 
Granted
310,043

 
$
18.73

 
 
 
 
Exercised
(476,231
)
 
$
1.18

 
 
 
 
Forfeited
(278,638
)
 
$
5.90

 
 
 
 
Expired
(14,824
)
 
$
0.97

 
 
 
 
Outstanding at June 30, 2015
9,911,822

 
$
5.16

 
8.04
 
$
67,820

Exercisable at June 30, 2015
3,769,311

 
$
1.16

 
7.10
 
$
39,645

Vested or expected to vest as of June 30, 2015
9,431,273

 
$
4.95

 
8.05
 
$
65,494
Schedule of Stock-based Compensation Expense
Stock-based compensation expense was attributed to the following line items in our accompanying unaudited condensed consolidated statements of operations for the three and six months ended June 30, 2015 and 2014 (in thousands):
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Sales and marketing
$
594

 
$
111

 
$
1,168

 
$
157

Technology and analytics
504

 
99

 
941

 
148

Processing and servicing
156

 
42

 
303

 
61

General and administrative
1,062

 
152

 
1,946

 
271

Total
$
2,316

 
$
404

 
$
4,358

 
$
637