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Share-Based Compensation to Employees Share-Based Compensation to Employees (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of weighted average assumptions using the Black-Scholes option-pricing model
The weighted-average grant date fair value of stock options granted during the year ended December 31, 2014, the three months ended December 31, 2013, and the years ended September 30, 2013 and 2012 was $9.03, $15.45, $7.26 and $6.39, respectively. These fair values were estimated using the Black-Scholes option-pricing model with the following weighted-average assumptions:
 
Year Ended December 31,
 
Three Months Ended December 31,
 
Year Ended September 30,
 
2014
 
2013
 
2013
 
2012
Expected dividend yield

 

 

 

Expected volatility
38.4
%
 
46.0
%
 
48.8
%
 
53.6
%
Risk-free interest rate
1.65
%
 
1.91
%
 
1.23
%
 
1.00
%
Expected term (years)
5.55

 
5.95

 
5.86

 
5.87

Summary of stock option activity
A summary of stock option activity is presented below:
 
Year Ended December 31,
 
Three Months Ended December 31,
 
Year Ended September 30,
 
2014
 
2013
 
2013
 
2012
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
Options
 
Weighted
Average
Exercise
Price
 
(in thousands, except per share amounts)
Outstanding, beginning of period
3,747

 
$
17.68

 
3,302

 
$
14.41

 
2,448

 
$
13.76

 
1,836

 
$
13.84

Granted
360

 
23.22

 
631

 
33.75

 
1,086

 
15.58

 
740

 
13.48

Exercised
(280
)
 
13.15

 
(124
)
 
13.48

 
(124
)
 
12.52

 

 

Canceled *
(328
)
 
23.74

 
(62
)
 
15.04

 
(108
)
 
13.59

 
(128
)
 
13.42

Outstanding, end of period
3,499

 
18.14

 
3,747

 
17.68

 
3,302

 
14.41

 
2,448

 
13.76

Summary of stock options outstanding and exercisable
The following table summarizes stock options outstanding and exercisable at December 31, 2014:
 
Outstanding
 
Exercisable
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
 
Options
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life (Years)
Exercise price
(in thousands, except per share amounts)
$0.00 ‑ $4.28
28

 
$
3.50

 
1.86

 
28

 
$
3.50

 
1.86

$4.28 ‑ $8.56

 

 

 

 

 

$8.56 ‑ $12.85
346

 
10.06

 
4.39

 
342

 
10.06

 
4.36

$12.85 ‑ $17.13
2,276

 
15.12

 
5.68

 
1,785

 
15.19

 
4.96

$17.13 ‑ $21.41
77

 
19.90

 
9.43

 

 

 

$21.41 ‑ $25.69
241

 
23.74

 
9.73

 

 

 

$25.69 ‑ $29.97
77

 
28.47

 
7.44

 
19

 
28.55

 
7.22

$29.97 ‑ $34.26
311

 
33.23

 
8.25

 
123

 
33.23

 
7.29

$34.26 ‑ $38.54

 

 

 

 

 

$38.54 ‑ $42.82
143

 
39.95

 
8.85

 
40

 
40.18

 
8.64

 
3,499

 
18.14

 
6.28

 
2,337

 
15.79

 
5.04

Summary of RSU activity
A summary of RSU activity is presented below:
 
Year Ended December 31,
 
Three Months Ended December 31,
 
Year Ended September 30,
 
2014
 
2013
 
2013
 
2012
 
RSUs
 
Weighted
Average
Grant Date
Fair Value
 
RSUs
 
Weighted
Average
Grant Date
Fair Value
 
RSUs
 
Weighted
Average
Grant Date
Fair Value
 
RSUs
 
Weighted
Average
Grant Date
Fair Value
 
(in thousands, except per share amounts)
Outstanding, beginning of period
719

 
$
15.75

 
709

 
$
15.50

 
630

 
$
13.74

 
348

 
$
14.20

Granted
151

 
23.01

 
10

 
33.23

 
92

 
18.85

 
286

 
13.03

Vested
(680
)
 
15.26

 

 

 

 

 

 

Forfeited

 

 

 

 
(13
)
 
13.03

 
(4
)
 
13.03

Outstanding, end of period
190

 
$
23.27

 
719

 
$
15.75

 
709

 
$
15.50

 
630

 
$
13.74

Share-based compensation expense reflected in the condensed consolidated statements of operations
Share-based compensation expense for employee and non-employee equity awards was $8,375, $1,583, $12,628 and $2,676, respectively, for the year ended December 31, 2014, the three months ended December 31, 2013 and the years ended September 30, 2013 and 2012. These expenses are reflected in the following captions in the consolidated statements of operations:
 
Year Ended December 31,
 
Three Months Ended December 31,
 
Year Ended September 30,
 
2014
 
2013
 
2013
 
2012
 
(in thousands)
Cost of services
$
594

 
$
95

 
$
2,147

 
$
203

General and administrative
4,617

 
857

 
5,294

 
1,588

Sales and marketing
1,501

 
401

 
2,471

 
298

Technology and development
1,663

 
230

 
2,716

 
587

Total
$
8,375

 
$
1,583

 
$
12,628

 
$
2,676