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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Allocation of Stock-Based Compensation

Stock-Based Compensation

 

 

 

Three

 

 

Three

 

 

Six

 

 

Six

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Stock-based compensation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

$

179

 

 

$

167

 

 

$

361

 

 

$

322

 

Sales and marketing

 

 

489

 

 

 

411

 

 

 

1,008

 

 

 

756

 

Research, development and engineering

 

 

357

 

 

 

350

 

 

 

711

 

 

 

648

 

General and administrative

 

 

927

 

 

 

814

 

 

 

1,839

 

 

 

1,615

 

Intellectual property

 

 

64

 

 

 

67

 

 

 

134

 

 

 

139

 

Stock-based compensation expense

 

 

2,016

 

 

 

1,809

 

 

 

4,053

 

 

 

3,480

 

Capitalized to software and patent costs

 

 

49

 

 

 

49

 

 

 

90

 

 

 

93

 

Total stock-based compensation

 

$

2,065

 

 

$

1,858

 

 

$

4,143

 

 

$

3,573

 

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:

 

 

 

As of

 

 

As of

 

 

 

June 30,

 

 

December 31,

 

 

 

2019

 

 

2018

 

Total unrecognized compensation costs

 

$

15,205

 

 

$

14,055

 

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

The Company expects to recognize the total unrecognized compensation costs as of June 30, 2019 for stock options and restricted stock over weighted average periods through June 30, 2023 as follows:

 

 

 

Stock

 

Restricted

 

 

Options

 

Stock

Weighted average period

 

0.99 years

 

1.53 years

Reconciliation of Outstanding Balance of Stock Options

The following table reconciles the outstanding balance of stock options:

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Average

 

 

Aggregate

 

 

 

 

 

 

 

Exercise

 

 

Grant Date

 

 

Intrinsic

 

Three months ended June 30, 2019:

 

Options

 

 

Price

 

 

Fair Value

 

 

Value

 

Outstanding at March 31, 2019

 

 

503

 

 

$

28.89

 

 

$

13.26

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(13

)

 

 

14.99

 

 

 

8.12

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2019

 

 

490

 

 

$

29.26

 

 

$

13.40

 

 

$

7,414

 

 

 

 

 

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

Average

 

 

Aggregate

 

 

 

 

 

 

 

Exercise

 

 

Grant Date

 

 

Intrinsic

 

Six months ended June 30, 2019:

 

Options

 

 

Price

 

 

Fair Value

 

 

Value

 

Outstanding at December 31, 2018

 

 

513

 

 

$

28.52

 

 

$

13.10

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(23

)

 

 

12.77

 

 

 

6.81

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2019

 

 

490

 

 

$

29.26

 

 

$

13.40

 

 

$

7,414

 

Exercisable at June 30, 2019

 

 

332

 

 

$

28.88

 

 

 

 

 

 

$

5,144

 

Unvested at June 30, 2019

 

 

158

 

 

$

30.05

 

 

 

 

 

 

$

2,270

 

 

Reconciliation of Unvested Balance of Restricted Stock

The following table reconciles the unvested balance of restricted stock:

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant Date

 

Three months ended June 30, 2019:

 

Shares

 

 

Fair Value

 

Unvested balance, March 31, 2019

 

 

628

 

 

$

26.59

 

Granted

 

 

18

 

 

$

32.75

 

Vested

 

 

(76

)

 

$

27.61

 

Forfeited

 

 

(45

)

 

$

27.13

 

Unvested balance, June 30, 2019

 

 

525

 

 

$

26.61

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

Number of

 

 

Grant Date

 

Six months ended June 30, 2019:

 

Shares

 

 

Fair Value

 

Unvested balance, December 31, 2018

 

 

426

 

 

$

28.85

 

Granted

 

 

273

 

 

$

23.93

 

Vested

 

 

(128

)

 

$

28.13

 

Forfeited

 

 

(46

)

 

$

27.13

 

Unvested balance, June 30, 2019

 

 

525

 

 

$

26.61

 

 

Fair Value of Restricted Stock Awards Vested

The following table indicates the fair value of all restricted stock awards that vested:

 

 

 

Three

 

 

Three

 

 

Six

 

 

Six

 

 

 

Months

 

 

Months

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

Ended

 

 

Ended

 

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

June 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Fair value of restricted stock awards vested

 

$

3,992

 

 

$

2,016

 

 

$

5,232

 

 

$

3,272