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

Stock-based Compensation

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Stock-based compensation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

196

 

 

$

171

 

 

$

553

 

 

$

569

 

Sales and marketing

 

$

265

 

 

$

251

 

 

$

715

 

 

$

585

 

Research, development and engineering

 

$

346

 

 

$

396

 

 

$

1,050

 

 

$

1,011

 

General and administrative

 

$

568

 

 

$

485

 

 

$

1,613

 

 

$

1,487

 

Intellectual property

 

$

80

 

 

$

74

 

 

$

231

 

 

$

205

 

Stock-based compensation expense

 

$

1,455

 

 

$

1,377

 

 

$

4,162

 

 

$

3,857

 

Capitalized to software and patent costs

 

$

46

 

 

$

46

 

 

$

121

 

 

$

137

 

Total stock-based compensation expense

 

$

1,501

 

 

$

1,423

 

 

$

4,283

 

 

$

3,994

 

 

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

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2016

 

 

2015

 

Total unrecognized compensation costs

 

$

10,620

 

 

$

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 September 30, 2016 for stock options and restricted stock over weighted average periods through September 2020 as follows:

 

 

 

Stock

 

Restricted

 

 

Options

 

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 September 30, 2016:

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Aggregate

Intrinsic

Value

 

Outstanding at June 30, 2016

 

 

458

 

 

$

18.29

 

 

$

8.79

 

 

 

 

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

(17

)

 

 

9.64

 

 

 

6.30

 

 

 

 

 

Options forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2016

 

 

441

 

 

$

18.63

 

 

$

8.88

 

 

$

8,687

 

 

Nine months ended September 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

 

 

(49

)

 

 

9.64

 

 

 

6.94

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2016

 

 

441

 

 

$

18.63

 

 

$

8.88

 

 

$

8,687

 

Exercisable at September 30, 2016

 

 

441

 

 

$

18.63

 

 

 

 

 

 

$

8,687

 

 

Reconciliation of Unvested Balance of Restricted Stock

The following table reconciles the unvested balance of restricted stock:

 

Three months ended September 30, 2016:

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested balance, June 30, 2016

 

 

470

 

 

$

25.59

 

Granted

 

 

14

 

 

$

35.38

 

Vested

 

 

(54

)

 

$

25.50

 

Forfeited

 

 

(4

)

 

$

28.15

 

Unvested balance, September 30, 2016

 

 

426

 

 

$

25.89

 

 

Nine months ended September 30, 2016:

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Unvested balance, December 31, 2015

 

 

408

 

 

$

24.30

 

Granted

 

 

191

 

 

$

29.11

 

Vested

 

 

(166

)

 

$

25.51

 

Forfeited

 

 

(7

)

 

$

30.14

 

Unvested balance, September 30, 2016

 

 

426

 

 

$

25.89

 

 

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 nine months ended September 30, 2016 and 2015:

 

 

 

Three

 

 

Three

 

 

Nine

 

 

Nine

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Fair value of restricted stock awards vested

 

$

1,912

 

 

$

1,961

 

 

$

5,029

 

 

$

4,840