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Equity Incentive Plan (Tables)
3 Months Ended
Mar. 31, 2015
Equity Incentive Plan  
Schedule of stock option activity

 

 

 

 

Number of
Shares Subject
to Options

 

Weighted-
Average Exercise
Price

 

Options outstanding, December 31, 2014

 

758,095

 

$

20.94

 

Granted

 

 

 

Exercised

 

(20,287

)

22.13

 

Forfeited

 

(562

)

15.23

 

Expired

 

(282

)

15.23

 

Options outstanding, March 31, 2015

 

736,964

 

$

20.91

 

 

Schedule of unvested shares subject to options

 

 

 

Number of
Shares Subject
to Options

 

Weighted-
Average Fair
Value at Grant
Date

 

Unvested balance, December 31, 2014

 

283,964

 

$

7.75

 

Granted

 

 

 

Forfeited

 

(562

)

4.89

 

Vested

 

(116,780

)

6.43

 

Unvested balance, March 31, 2015

 

166,622

 

$

8.67

 

 

Schedule of restricted awards and RSUs

 

 

 

 

Restricted
Awards

 

Weighted-
Average Fair
Value at Grant
Date

 

Unvested balance, December 31, 2014

 

394,016

 

$

29.10

 

Granted

 

176,697

 

47.49

 

Forfeited

 

(2,749

)

28.17

 

Vested

 

(111,143

)

27.24

 

Unvested balance, March 31, 2015

 

456,821

 

$

36.67

 

 

Summary of assumptions used to value performance stock awards

 

 

 

 

Three Months Ended March 31,

 

 

 

2015

 

2014

 

Expected term (in years)

 

2.83 

 

2.83 

 

Expected volatility

 

25.51 

%

32.98 

%

Expected annual dividend

 

 

 

Risk-free rate

 

1.02 

%

0.64 

%