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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Expenses Associated with Share-Based Compensation Plans

The following table presents compensation expense associated with the Company’s share-based compensation plans:

 

 

Three Months Ended
September 30,

 

  

Nine Months Ended
September 30,

 

(in thousands)

2016

 

  

2015

 

  

2016

 

  

2015

 

Expense:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RSUs

$

5,401

  

  

$

4,059

  

  

$

25,766

  

  

$

18,278

  

Stock options

 

68

 

 

 

68

 

 

 

203

 

 

 

203

 

Employee stock purchase plan

 

659

 

  

 

571

  

  

 

2,127

  

  

 

1,780

  

 

$

6,128

  

  

$

4,698

  

  

$

28,096

  

  

$

20,261

  

 

Summary of RSU Activity

The following table summarizes RSU activity for the nine months ended September 30, 2016:

 

(in thousands, except weighted-average grant-date fair value)

 

Shares

 

 

Weighted-average
grant-date

fair value

 

RSUs unvested at December 31, 2015

 

1,354

 

 

$

29.20

 

Granted during 2016

 

967

 

 

 

36.77

 

Vested during 2016

 

(726

)

 

 

30.76

 

Forfeited during 2016

 

(20

)

 

 

31.48

 

RSUs unvested at September 30, 2016

 

1,575

 

 

$

33.10

 

 

Summary of Stock Option Activity

The following table summarizes stock option activity for the nine months ended September 30, 2016:

 

(in thousands, except weighted-average exercise price and contractual term)

 

Number

outstanding

 

 

Weighted-

average

exercise price

  

  

Weighted-

average

remaining

contractual term

   

  

Aggregate

intrinsic

value

 

Balance at December 31, 2015

 

132

 

 

$

27.66

 

 

 

 

 

 

 

 

 

Exercised during 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at September 30, 2016

 

132

 

 

$

27.66

 

 

 

7.2 years

 

 

$

1,391

 

Vested and expected to vest at September 30, 2016

 

132

 

 

$

27.66

 

 

 

7.2 years

 

 

$

1,391

 

Exercisable at September 30, 2016

 

66

 

 

$

27.66

 

 

 

7.2 years

 

 

$

696