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STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2013
STOCK-BASED COMPENSATION  
Schedule of non-cash compensation expense related to equity awards

Non-cash compensation expense related to equity awards is included in the following line items in the accompanying consolidated statements of operations for the three and six months ended June 30, 2013 and 2012 (in thousands):

 

 

 

Three Months
Ended
June 30,

 

Six Months
Ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Cost of revenue

 

$

3

 

$

1

 

$

5

 

$

4

 

Selling and marketing expense

 

306

 

202

 

523

 

359

 

General and administrative expense

 

879

 

761

 

1,909

 

1,636

 

Product development

 

244

 

108

 

429

 

257

 

Non-cash compensation expense

 

$

1,432

 

$

1,072

 

$

2,866

 

$

2,256

 

Summary of changes in outstanding stock options

 

 

 

 

Shares

 

Weighted
Average
Exercise
Price

 

Weighted
Average
Remaining
Contractual
Term

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

(In years)

 

(In thousands)

 

Outstanding at January 1, 2013

 

1,072,503

 

$

8.97

 

 

 

 

 

Granted

 

 

 

 

 

 

 

Exercised

 

(19,958

)

7.87

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

Expired

 

(1,308

)

10.37

 

 

 

 

 

Outstanding at June 30, 2013

 

1,051,237

 

8.99

 

5.24

 

$

8,712,665

 

Options exercisable at June 30, 2013

 

310,095

 

$

10.97

 

5.08

 

$

2,056,274

 

Summary of the information about stock options outstanding and exercisable

The following table summarizes the information about stock options outstanding and exercisable as of June 30, 2013:

 

 

 

Options Outstanding

 

Options Exercisable

 

Range of Exercise Prices

 

Outstanding

 

Weighted
Average
Remaining
Contractual
Life in Years

 

Weighted
Average
Exercise
Price

 

Exercisable

 

Weighted
Average
Exercise
Price

 

$.01 to $4.99

 

365

 

0.56

 

$

2.58

 

365

 

$

2.58

 

$5.00 to $7.45

 

304,352

 

8.21

 

6.65

 

153,060

 

6.39

 

$7.46 to $9.99

 

608,949

 

4.52

 

8.45

 

19,099

 

7.55

 

$10.00 to $14.99

 

10,517

 

1.26

 

12.26

 

10,517

 

12.26

 

$15.00 to $19.99

 

80,391

 

1.93

 

15.01

 

80,391

 

15.01

 

$20.00 to $24.99

 

46,663

 

1.94

 

20.19

 

46,663

 

20.19

 

 

 

1,051,237

 

5.24

 

$

8.99

 

310,095

 

$

10.97

 

 

Schedule of non-vested RSUs, restricted stock and restricted stock with a market condition as at the end of the period and changes during the reporting period

 

 

 

 

RSUs

 

Restricted Stock

 

Restricted Stock

Market Condition

 

 

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested at January 1, 2013

 

757,111

 

$

9.09

 

187,501

 

$

7.44

 

 

$

 

Granted

 

232,831

 

17.79

 

62,500

 

17.49

 

62,500

 

13.93

 

Vested

 

(235,457

)

9.26

 

(187,501

)

7.44

 

 

 

Forfeited

 

(61,041

)

9.00

 

 

 

 

 

Nonvested at June 30, 2013

 

693,444

 

$

12.07

 

62,500

 

$

17.49

 

62,500

 

$

13.93