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Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock Compensation  
Summary of activity relating to the Company's options to purchase common stock

 

 

 

Number of
Options

 

Weighted-Average
Price
Per Share

 

Weighted-Average
Remaining
Contractual
Term (Years)

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

(in thousands)

 

Outstanding at December 31, 2013

 

 

1,401,101

 

$

9.59

 

 

8.95

 

$

7,755

 

Granted

 

 

561,500

 

$

15.03

 

 

 

 

 

 

 

Forfeited or expired (vested and unvested)

 

 

(125,052

)

$

12.97

 

 

 

 

 

 

 

Exercised

 

 

(107,963

)

$

4.38

 

 

 

 

 

 

 

​  

​  

Outstanding at December 31, 2014

 

 

1,729,586

 

$

11.44

 

 

8.43

 

$

50,155

 

​  

​  

​  

​  

​  

 

Summary of information about the stock option plan

 

 

 

 

Number of
Options

 

Weighted-Average
Price
Per Share

 

Weighted-Average
Remaining
Contractual
Term (Years)

 

Aggregate
Intrinsic
Value

 

 

 

 

 

 

 

 

 

(in thousands)

 

Vested and expected to vest at December 31, 2014

 

 

1,671,313 

 

$

11.37 

 

 

8.41 

 

$

48,588 

 

​  

​  

Exercisable at December 31, 2014

 

 

752,397 

 

$

6.61 

 

 

7.58 

 

$

25,452 

 

​  

​  

​  

​  

​  

 

Schedule of weighted-average assumptions used to compute the stock-based compensation costs for the stock options granted to employees and non-employees

 

 

 

 

Year ended
December 31,

 

 

 

2014

 

2013

 

2012

 

Risk-free interest rate

 

 

1.81 

%

 

1.45 

%

 

0.85 

%

Dividend yield

 

 

 

 

 

 

 

Weighted-average expected life of options (years)

 

 

6.32 

 

 

6.26 

 

 

6.25 

 

Volatility

 

 

75 

%

 

74 

%

 

80 

%