XML 42 R23.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation and Employee Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2018
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, 2018:
 
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding at January 1, 2018
7,918,853

 
$
5.75

 
—

 
—

Granted
595,861

 
$
5.19

 
—

 
—

Exercised
(205,768
)
 
$
0.45

 
—

 
—

Forfeited
(5,853
)
 
$
13.08

 
—

 
—

Expired
(68,404
)
 
$
12.15

 
—

 
—

Outstanding at March 31, 2018
8,234,689

 
$
5.79

 
6.5

 
$
16,370

Exercisable at March 31, 2018
6,121,753

 
$
5.42

 
5.8

 
$
15,507

Vested or expected to vest as of March 31, 2018
8,119,911

 
$
5.79

 
6.5

 
$
16,329
Schedule of Activities of RSUs
The following table summarizes our activities of Restricted Stock Units ("RSUs") and Performance Restricted Stock Units ("PRSUs") during the three months ended March 31, 2018:

 
Number of RSUs
 
Weighted-Average Grant Date Fair Value
Unvested at January 1, 2018
3,342,640

 
$
6.18

RSUs and PRSUs granted
703,492

 
$
5.09

RSUs vested
(75,213
)
 
$
6.27

RSUs forfeited/expired
(96,253
)
 
$
5.70

Unvested at March 31, 2018
3,874,666

 
$
5.99

Expected to vest after March 31, 2018
3,267,046

 
$
6.12
Schedule of Stock-based Compensation Expense
Stock-based compensation expense related to stock options, RSUs, PRSUs and the ESPP are included in the following line items in our accompanying consolidated statements of operations for the three months ended March 31, 2018 and 2017 (in thousands):
 
March 31, 2018
 
March 31, 2017
Sales and marketing
535

 
$
771

Technology and analytics
597

 
783

Processing and servicing
105

 
173

General and administrative
1,973

 
1,764

       Total
$
3,210

—

$
3,491