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Shareholder's Equity and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Schedule of Stock Option Activity

The following table sets forth the Company’s stock option activity:

 

 

 

Three Months Ended March 31, 2017

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Stock Options

 

 

Exercise Price

 

 

Outstanding -

   beginning of

   period

 

 

2,350,166

 

 

$

17.57

 

 

Granted

 

 

700,050

 

 

$

28.33

 

 

Exercised

 

 

(12,688

)

 

$

15.22

 

 

Forfeited

 

 

(49,834

)

 

$

18.31

 

 

Expired

 

 

-

 

 

$

-

 

 

Outstanding - end of

   period

 

 

2,987,694

 

 

$

20.09

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - end of

   period

 

 

757,404

 

 

$

15.47

 

 

 

Schedule of Restricted Share Activity

The following table sets forth the Company’s Restricted Share activity:

 

 

 

Three Months Ended

 

 

 

 

March 31, 2017

 

 

 

 

Shares

 

 

Outstanding and unvested - beginning of

   period

 

 

59,258

 

 

Granted

 

 

-

 

 

Vested

 

 

-

 

 

Forfeited

 

 

-

 

 

Outstanding and unvested - end of period

 

 

59,258

 

 

 

 

 

 

 

 

Cumulative vested shares - end of period

 

 

1,854,658

 

 

 

Summary of Stock-Based Compensation Expense Recognized in Statements of Operations Related to All Outstanding Stock Based Compensation Awards

Stock-based compensation expense recognized in the condensed consolidated statements of operations related to all outstanding stock based compensation awards is summarized below (in thousands):

 

 

 

Three Months Ended March 31,

 

 

 

 

2017

 

 

2016

 

 

Direct costs, excluding depreciation and amortization

 

$

542

 

 

$

563

 

 

Selling, general and administrative

 

 

492

 

 

 

446

 

 

Total stock-based compensation expense

 

$

1,034

 

 

$

1,009