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Stock-Based Compensation and Employee Benefit Plans
 6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation and Employee Benefit Plans
Stock-Based Compensation and Employee Benefit Plans
Options
The following is a summary of option activity for the six months ended June 30, 2019:
 
Number of
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value
(in thousands)
Outstanding at January 1, 2019
7,932,782

 
$
5.86

 
—

 
—

Exercised
(389,335
)
 
$
2.63

 
—

 
—

Expired
(508,557
)
 
$
11.24

 
—

 
—

Outstanding at June 30, 2019
7,034,890

 
$
5.65

 
5.5

 
$
9,043

Exercisable at June 30, 2019
6,093,122

 
$
5.63

 
5.1

 
$
9,043

Vested or expected to vest as of June 30, 2019
6,984,662

 
$
5.65

 
5.5

 
$
9,043

Total compensation cost related to nonvested option awards not yet recognized as of June 30, 2019 was $1.9 million and will be recognized over a weighted-average period of 2.1 years. The aggregate intrinsic value of employee options exercised during the six months ended June 30, 2019 and 2018 was $1.4 million and $2.0 million, respectively.
Restricted Stock Units
The following table is a summary of activity in RSUs and PRSUs for the six months ended June 30, 2019:
 
Number of RSUs and PRSUs
 
Weighted-Average Grant Date Fair Value
Unvested at January 1, 2019
3,307,561

 
$
6.00

RSUs and PRSUs granted
1,984,378

 
$
5.64

RSUs and PRSUs vested
(585,312
)
 
$
6.57

RSUs and PRSUs forfeited/expired
(294,195
)
 
$
5.78

Unvested at June 30, 2019
4,412,432

 
$
5.78

Expected to vest after June 30, 2019
3,594,305

 
$
5.76


As of June 30, 2019, there was $16 million of unrecognized compensation cost related to unvested RSUs and PRSUs, which is expected to be recognized over a weighted-average period of 2.8 years.
Stock-based compensation expense related to stock options, RSUs, PRSUs and the employee stock purchase plan are included in the following line items in our accompanying consolidated statements of operations for the three months and six months ended June 30, 2019 and 2018 (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Sales and marketing
$
474

 
$
505

 
$
1,033

 
$
1,040

Technology and analytics
889

 
657

 
1,717

 
1,253

Processing and servicing
49

 
94

 
139

 
201

General and administrative
1,836

 
1,538

 
3,442

 
3,510

Total
$
3,248

 
$
2,794

 
$
6,331

 
$
6,004