XML 38 R23.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Option Activity
The following is a summary of option activity for the three months ended March 31, 2017:
 
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding at January 1, 2017
11,426,296

 
$
6.10

 
—

 
—

Granted
—

 
$
—

 
—

 
—

Exercised
(600,209
)
 
$
1.16

 
—

 
—

Forfeited
(577,946
)
 
$
8.76

 
—

 
—

Expired
(191,389
)
 
$
12.09

 
—

 
—

Outstanding at March 31, 2017
10,056,752

 
$
6.13

 
7.1

 
$
18,611

Exercisable at March 31, 2017
6,569,100

 
$
5.06

 
6.4

 
$
17,224

Vested or expected to vest as of March 31, 2017
9,902,035

 
$
6.10

 
7.1

 
$
18,597
Schedule of Activities of RSUs
The following table summarizes our activities of RSUs and PRSUs during the three months ended March 31, 2017:
 
Number of RSUs
 
Weighted-Average Grant Date Fair Value
Unvested at January 1, 2017
3,888,768

 
$
8.46

RSUs and PRSUs granted
168,551

 
$
4.87

RSUs vested
(97,033
)
 
7.93

RSUs forfeited/expired
(473,264
)
 
$
9.03

Unvested at March 31, 2017
3,487,022

 
$
8.00

Expected to vest after March 31, 2017
3,366,984

 
$
8.62
Schedule of Stock-based Compensation Expense
Stock-based compensation expense related to stock options, RSUs, PRSUs and ESPP are included in the following line items in our accompanying condensed consolidated statements of operations for the three months ended March 31, 2017 and 2016 (in thousands):
 
Three Months Ended March 31,
 
2017
 
2016
Sales and marketing
$
771

 
$
888

Technology and analytics
783

 
757

Processing and servicing
173

 
343

General and administrative
1,764

 
1,764

Total
$
3,491

 
$
3,752