XML 35 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding Options

 

 

    

 

    

 

    

 

    

Weighted-

    

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

Shares

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

Available for

 

Number of

 

Exercise

 

Contractual

 

Intrinsic

 

(in thousands, except for contractual life and exercise price)

 

Grant

 

Shares

 

Price

 

Life

 

Value

 

 

 

 

 

 

 

 

 

 

(In years)

 

 

 

Balance at December 31, 2016

 

4,115

 

9,043

 

$

5.72

 

7.55

 

$

55,396

 

Additional shares authorized

 

2,107

 

 —

 

 

 

 

 

 

 

 

 

Options granted

 

(146)

 

146

 

$

9.37

 

 

 

 

 

 

Options exercised

 

 —

 

(128)

 

$

3.23

 

 

 

 

 

 

Options forfeited/cancelled

 

287

 

(287)

 

$

10.26

 

 

 

 

 

 

Balance at March 31, 2017

 

6,363

 

8,774

 

$

5.67

 

7.23

 

$

33,558

 

Exercisable at March 31, 2017

 

 

 

4,919

 

$

3.17

 

6.13

 

$

29,209

 

Vested and expected to vest at March 31, 2017

 

 

 

8,398

 

$

5.53

 

7.17

 

$

33,134

 

 

Restricted stock units

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

(in thousands, except for grant date fair value)

 

Shares

 

Fair Value

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

159

 

$

9.80

 

Granted

 

 5

 

$

9.37

 

Vested

 

(15)

 

$

9.59

 

Canceled/forfeited

 

(11)

 

$

9.69

 

Balance at March 31, 2017

 

138

 

$

9.82

 

 

Summary of stock-based compensation expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31, 

 

 

2017

 

2016

 

    

Employee

    

Non-Employee

    

Total

    

Employee

    

Non-Employee

    

Total

 

 

(in thousands)

Cost of revenues

 

$

143

 

$

(12)

 

$

131

 

$

158

 

$

(25)

 

$

133

Research and development

 

 

650

 

 

 —

 

 

650

 

 

606

 

 

(1)

 

 

605

Selling, general and administrative

 

 

1,764

 

 

(2)

 

 

1,762

 

 

1,461

 

 

197

 

 

1,658

Total

 

$

2,557

 

$

(14)

 

$

2,543

 

$

2,225

 

$

171

 

$

2,396

 

Employee stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used in valuation of fair value of employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31, 

 

    

2017

    

    

2016

    

Expected term

 

 

 

 

5.1

 

 

5.1

 

5.2

 

Expected volatility

 

 

 

 

62.7

%

 

70.6

%  

71.0

%

Expected dividend rate

 

 

 

 

 0

%

 

 

 

 

 0

%

Risk-free interest rate

 

 

 

 

1.91

%

 

1.25

%  

1.51

%

 

Non-employee stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions used in valuation of fair value of employee stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended  March 31, 

 

    

2017

    

    

2016

    

Expected term

 

 

 

 

2.7

 

 

 

 

 

3.2

 

Expected volatility

 

 

  

 

51.7

%

 

 

  

 

72.6

%

Expected dividend rate

 

 

 

 

     0

%

 

 

 

 

      0

%

Risk-free interest rate

 

 

  

 

1.42

%

 

 

  

 

0.90

%