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Stockholders' equity (Tables)
3 Months Ended
Mar. 31, 2017
Equity incentive plans  
Summary of stock option activity

 

The following table summarizes stock option activity for the three months ended March 31, 2017 (shares and intrinsic value in thousands):

 

 

 

Number of shares

 

Weighted-average
exercise price

 

Weighted-average
remaining contractual
term

 

Aggregate intrinsic
value

 

Outstanding at December 31, 2016

 

2,920

 

$

11.64

 

7.6

 

$

1,274

 

Granted

 

 

 

 

 

Exercised

 

 

 

 

 

Forfeited

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2017

 

2,920

 

$

11.64

 

7.4

 

$

2,010

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested at March 31, 2017

 

1,565

 

$

11.59

 

6.3

 

$

1,535

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at March 31, 2017

 

1,565

 

$

11.59

 

6.3

 

$

1,535

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of restricted share activity

 

The following table summarizes restricted share activity for the three months ended March 31, 2017 (shares in thousands):

 

 

 

Number of shares

 

Weighted-average
grant date fair value

 

Outstanding at December 31, 2016

 

561

 

$

10.58

 

Granted

 

 

 

Vested

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

Outstanding at March 31, 2017

 

561

 

$

10.58

 

 

 

 

 

 

 

 

 

Time Based Stock Option | Black Scholes Pricing Model  
Equity incentive plans  
Schedule of valuation assumptions

 

Black-Scholes Option Valuation Assumptions

 

Three Months Ended
March 31, 2017

 

Year Ended
December 31, 2016

 

Risk-free interest rate

 

 

1.6%-2.4%

 

Dividend yield

 

 

 

Volatility

 

 

26.4%-32.4%

 

Weighted-average expected term (years)

 

 

6.2