Share-Based Compensation to Employees

3 Months Ended

Mar. 31, 2014

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

Share‑Based Compensation to Employees

During the three months ended March 31, 2014, the Company granted under the Long-Term Incentive Plan stock options to purchase 2 shares of the Company's common stock with a weighted-average exercise price and weighted-average fair value of $29.47 and $13.60, respectively. The fair value of the options was estimated using the Black‑Scholes option‑pricing model with the following assumptions:



	2014
Expected dividend yield	—
Expected volatility	46	%
Risk-free interest rate	1.79	%
Expected term (years)	6.11

Share-based compensation expense for employee equity awards was $1,936 and $478, respectively, for the three months ended March 31, 2014 and March 31, 2013. Share-based compensation expense is reflected in the following captions in the condensed consolidated statements of operations:



	Three Months Ended March 31,
	2014		2013
	(in thousands)
Cost of services	$	175	$	43
General and administrative	1,168		271
Sales and marketing	312		82
Technology and development	281		82
Total	$	1,936	$	478

- 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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