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Equity Incentive Plan (Tables)
6 Months Ended
Jun. 30, 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

 

(87,896

)

17.41

 

Forfeited

 

(3,968

)

25.94

 

Expired

 

(282

)

15.23

 

 

 

 

 

 

 

Options outstanding, June 30, 2015

 

665,949

 

$

21.38

 

 

 

 

 

 

 

 

 

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

 

(3,968

)

8.05

 

Vested

 

(163,392

)

6.82

 

 

 

 

 

 

 

Unvested balance, June 30, 2015

 

116,604

 

$

9.03

 

 

 

 

 

 

 

 

 

 

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

 

183,710

 

47.39

 

Forfeited

 

(22,145

)

34.54

 

Vested

 

(158,815

)

26.76

 

 

 

 

 

 

 

Unvested balance, June 30, 2015

 

396,766

 

$

38.20

 

 

 

 

 

 

 

 

 

Summary of assumptions used to value performance stock awards

 

 

 

 

Six Months Ended June 30,

 

 

 

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 

%