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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Allocation of Stock-Based Compensation

Stock-based Compensation

 

 

 

Three

Months

Ended

June 30,

2016

 

 

Three

Months

Ended

June 30,

2015

 

 

Six

Months

Ended

June 30,

2016

 

 

Six

Months

Ended

June 30,

2015

 

Stock-based compensation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

184

 

 

$

213

 

 

$

357

 

 

$

398

 

Sales and marketing

 

 

238

 

 

 

175

 

 

 

450

 

 

 

334

 

Research, development and engineering

 

 

379

 

 

 

328

 

 

 

704

 

 

 

615

 

General and administrative

 

 

544

 

 

 

484

 

 

 

1,045

 

 

 

1,002

 

Intellectual property

 

 

79

 

 

 

63

 

 

 

151

 

 

 

131

 

Stock-based compensation expense

 

 

1,424

 

 

 

1,263

 

 

 

2,707

 

 

 

2,480

 

Capitalized to software and patent costs

 

 

43

 

 

 

54

 

 

 

75

 

 

 

91

 

Total stock-based compensation expense

 

$

1,467

 

 

$

1,317

 

 

$

2,782

 

 

$

2,571

 

 

Unrecognized Compensation Cost Related to Non-Vested Stock-Based Awards Granted

The following table sets forth total unrecognized compensation cost related to non-vested stock-based awards granted under all equity compensation plans, including stock options and restricted stock:

 

 

 

As of

June 30,

2016

 

 

As of

December 31,

2015

 

Total unrecognized compensation costs

 

$

11,746

 

 

$

9,549

 

 

Weighted Average Period for Recognition of Unrecognized Compensation Cost for Stock Options and Restricted Stock

The Company expects to recognize the unrecognized compensation costs as of June 30, 2016 for stock options and restricted stock over weighted average periods through June 2020 as follows:

 

 

 

Stock

Options

 

Restricted

Stock

Weighted average period

 

0.0 years

 

1.4 years

 

Reconciliation of Outstanding Balance of Stock Options

The following table reconciles the outstanding balance of stock options:

 

Three months ended June 30, 2016:

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Outstanding at March 31, 2016

 

 

475

 

 

$

17.98

 

 

$

8.76

 

 

 

 

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(17

)

 

 

9.64

 

 

 

8.15

 

 

 

 

 

Options forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2016

 

 

458

 

 

$

18.29

 

 

$

8.79

 

 

$

6,260

 

 

Six months ended June 30, 2016:

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Outstanding at December 31, 2015

 

 

490

 

 

$

17.73

 

 

$

8.69

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(32

)

 

 

9.64

 

 

 

7.28

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2016

 

 

458

 

 

$

18.29

 

 

$

8.79

 

 

$

6,260

 

Exercisable at June 30, 2016

 

 

458

 

 

$

18.29

 

 

 

 

 

 

$

6,260

 

 

Reconciliation of Unvested Balance of Restricted Stock

The following table reconciles the unvested balance of restricted stock:

 

Three months ended June 30, 2016:

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested balance, March 31, 2016

 

 

525

 

 

$

25.56

 

Granted

 

 

15

 

 

$

29.53

 

Vested

 

 

(68

)

 

$

25.96

 

Forfeited

 

 

(2

)

 

$

33.16

 

Unvested balance, June 30, 2016

 

 

470

 

 

$

25.59

 

 

Six months ended June 30, 2016:

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested balance, December 31, 2015

 

 

408

 

 

$

24.30

 

Granted

 

 

177

 

 

$

28.63

 

Vested

 

 

(112

)

 

$

25.52

 

Forfeited

 

 

(3

)

 

$

32.31

 

Unvested balance, June 30, 2016

 

 

470

 

 

$

25.59

 

 

Fair Value of Restricted Stock Awards Vested

The following table indicates the fair value of all restricted stock awards that vested during the three and six months ended June 30, 2016 and 2015:

 

 

 

Three

Months

Ended

June 30,

2016

 

 

Three

Months

Ended

June 30,

2015

 

 

Six

Months

Ended

June 30,

2016

 

 

Six

Months

Ended

June 30,

2015

 

Fair value of restricted stock awards vested

 

$

1,839

 

 

$

1,666

 

 

$

3,117

 

 

$

2,879