Stock-Based Compensation (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2016

Dec. 31, 2015

A summary of the Incentive Unit activity for the years ended December 31, 2015 and 2014 is presented below:


	Incentive Units			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding, December 31, 2013		68,459,562		$	1.00		9.12	$	20,537,869
Granted		7,375,000			1.30
Forfeited		(1,306,620	)		1.00
Exercised		—			—

Outstanding, December 31, 2014		74,527,942		$	1.03		8.19	$	20,145,882
Granted		3,850,000			2.40
Forfeited		(4,415,106	)		1.03
Exercised		—			—

Outstanding, December 31, 2015		73,962,836		$	1.06		7.31	$	104,562,869

Unvested shares expected to vest after December 31, 2015		59,474,350		$	1.06		7.34	$	83,642,766
Exercisable at December 31, 2015		14,488,486		$	1.03		7.18	$	20,920,103

Stock-Based Compensation Expense

Stock-based compensation expense in connection with all stock-based awards is presented as follows (in thousands):


	Three Months Ended March 31,
	2016			2015
Operating expenses	$	14		$	14
Selling expenses		(294	)		33
General and administrative expenses		338			742

Total stock-based compensation	$	58		$	789

Stock-based compensation expense in connection with all stock-based awards for the years ended December 31, 2015, 2014 and 2013 is allocated as follows (in thousands):


	Year ended December 31,
	2015		2014		2013
Operating expenses	$	71	$	63	$	62
Selling expenses		578		185		158
General and administrative expenses		2,472		1,688		1,736

Total stock-based compensation	$	3,121	$	1,936	$	1,956

Vivint Stock Appreciation Rights [Member]

Summary of the SAR Activity

A summary of the SAR activity for the years ended December 31, 2015 and 2014 is presented below:


	Stock Appreciation Rights			Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding, December 31, 2013		7,906,250		$	1.00		9.55	$	2,371,875
Granted		1,290,000			1.30
Forfeited		(2,499,590	)		1.04
Exercised		—			—

Outstanding, December 31, 2014		6,696,660		$	1.04		8.62	$	1,734,748
Converted		3,259,934			0.70		8.62
Granted		11,186,936			1.03
Forfeited		(2,307,172	)		0.80
Exercised		(172,221	)		0.68

Outstanding, December 31, 2015		18,664,137		$	0.87		8.66	$	3,628,498

Unvested shares expected to vest after December 31, 2015		16,956,220		$	0.89		8.79	$	3,041,171
Exercisable at December 31, 2015		1,707,917		$	0.73		7.90	$	587,327

Wireless Stock Appreciation Rights [Member]

Summary of the SAR Activity

A summary of the SAR activity for the year ended December 31, 2015 and 2014 is presented below:


	Stock Appreciation Rights		Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding, December 31, 2013		70,000	$	5.00		9.42		—
Granted		—		—
Forfeited		—		—
Exercised		—		—

Outstanding, December 31, 2014		70,000	$	5.00		8.41		—
Granted		11,000		65.84
Forfeited		—		—
Exercised		—		—

Outstanding, December 31, 2015		81,000	$	13.26		7.66		—

Unvested shares expected to vest after December 31, 2015		49,700	$	14.43		7.69		—
Exercisable at December 31, 2015		31,300	$	11.41		7.60		—