Share Capital (Tables)

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Components of Common Shares Issued and Outstanding

The issued and outstanding common shares of WiLAN, along with equity instruments convertible into common shares, are as follows:

	Asat December 31,		As at December 31,
	2014		2013
Common shares		120,247,647		119,909,016
Securities convertible into common    shares
Stock options		9,465,372		10,340,968
Deferred stock units (DSUs)		244,526		89,198
		129,957,545		130,339,182

Schedule of Common Stock

	Number			Amount
December 31, 2012		121,540,562		$	431,067
Issued on exercise of stock options		205,254			478
Transfer from additional paid-in capital on exercise of options		-			243
Issued on sale of shares under Employee Share Purchase Plan		66,400			196
Repurchased under normal course issuer bid		(1,903,200	)		(6,746	)
December 31, 2013		119,909,016		$	425,238
Issued on exercise of stock options		423,031			759
Transfer from additional paid-in capital on exercise of options		-			401
Issued on sale of shares under Employee Share Purchase Plan		65,600			171
Repurchased under normal course issuer bid		(150,000	)		(532	)
December 31, 2014		120,247,647		$	426,037

Schedule of Quarterly Cash Dividends Paid

The Company paid quarterly cash dividends as follows:

	2014				2013
	Per Share		Total		Per Share		Total
1st Quarter	$	0.040	$	4,510	$	0.035	$	4,234
2nd Quarter		0.040		4,339		0.040		4,867
3rd Quarter		0.040		4,510		0.040		4,848
4th Quarter		0.050		5,366		0.040		4,421
	$	0.170	$	18,725	$	0.155	$	18,370

Schedule of Declared Quarterly Dividends

The Company declared quarterly dividends as follows:

	2014		2013
1st Quarter	$	0.040	$	0.040
2nd Quarter		0.040		0.040
3rd Quarter		0.050		0.040
4th Quarter		0.050		0.040

Schedule of Option Activity

Option activity for the years ended December 31, 2014 and 2013 was as follows:

				Options Outstanding						Exercisable Options
	Number of Options			Price Range				Weighted Average Exercise Price		Number		Weighted Average Exercise Price
December 31, 2012		8,185,949		$	1.42	$	7.09	$	4.83		3,637,490	$	4.21
Granted		2,872,800			3.37		4.37		4.09
Exercised		(205,254	)		1.88		4.50		2.39
Forfeited		(512,527	)		3.33		7.09		5.87
December 31, 2013		10,340,968		$	1.88	$	7.09	$	4.62		5,314,786	$	4.61
Granted		555,000			3.25		4.23	$	3.57
Exercised		(423,031	)		1.42		2.53		1.95
Forfeited		(1,007,565	)		3.33		7.06		5.02
December 31, 2014		9,465,372		$	1.42	$	7.06	$	4.63		6,760,992	$	4.83

Estimated Fair Value of Options Granted, Weighted Average Assumptions

The Company uses the Black-Scholes model for estimating the fair value of options granted, with the following weighted average assumptions:

	2014			2013
Risk free interest rate		1.6	%		1.3	%
Volatility		49	%		43	%
Expected option life (in years)		4.7			3.6
Dividend yield		4.6	%		3.4	%
Forfeiture rate		8.9	%		4.5	%

Details of Outstanding Options

Details of the outstanding options at December 31, 2014 are as follows:

Range of Exercise Prices				Outstanding Options at December 31, 2014		Remaining Term of Options in Years		Weighted Average Exercise Price		Exercisable Options at December 31, 2014		Weighted Average Exercise Price
$	-	$	3.00		638,868		0.96	$	2.53		638,868	$	2.53
	3.01		4.00		1,378,323		4.78		3.45		349,325		3.44
	4.01		7.09		7,448,181		2.93		5.03		5,772,799		5.17
$	1.88	$	7.09		9,465,372		3.07	$	4.63		6,760,992	$	4.83

Summary of Stock-Based Compensation Expense

The following provides a summary of the stock-based compensation expense for the years ended December 31, 2014 and 2013:

	2014		2013
Cost of revenue	$	840	$	1,128
Research and development		61		611
Marketing, general and administration		1,180		2,453
	$	2,081	$	4,192

Summary of Restricted Stock Unit Activity

RSU activity for the years ended December 31, 2014 and 2013 was as follows:

	Number of RSUs
December 31, 2012		523,186
Granted		143,365
Settled		(272,989	)
Forfeited		(32,248	)
December 31, 2013		361,314
Granted		1,251,522
Settled		(115,517	)
Forfeited		(203,041	)
December 31, 2014		1,294,278

Weighted Average Number of Common Shares Outstanding Used in Basic and Diluted Earnings per Share Computation

The weighted average number of common shares outstanding used in the basic and diluted earnings per share (“EPS”) computation was:

	2014		2013
Basic weighted average common shares outstanding	120,103,422			120,856,511
Effect of options	265,161			-
Diluted weighted average common shares outstanding		120,368,583		120,856,511