Share-Based Compensation to Employees

3 Months Ended

Dec. 31, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share‑Based Compensation to Employees

During the three months ended December 31, 2013, the Company granted under the Long-Term Incentive Plan stock options to purchase 631 shares of the Company's common stock with a weighted-average exercise price and weighted-average fair value of $33.75 and $15.45, respectively. The fair value of the options was estimated using the Black‑Scholes option‑pricing model with the following weighted-average assumptions:



	2013
Expected dividend yield	—
Expected volatility	46	%
Risk-free interest rate	1.91	%
Expected term (years)	5.95

During the three months ended December 31, 2013, the Company granted 10 restricted stock units under the Long-Term Incentive Plan with a weighted-average fair value of $33.23.

Share-based compensation expense for employee equity awards was $1,583 and $661, respectively, for the three months ended December 31, 2013 and December 31, 2012. Share-based compensation expense is reflected in the following captions in the condensed consolidated statements of operations:



	Three Months Ended December 31,
	2013		2012
	(in thousands)
Cost of services	$	95	$	44
General and administrative	857		451
Sales and marketing	401		83
Technology and development	230		83
Total	$	1,583	$	661

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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