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Shareholder's Equity and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Stock Option Activity

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

 

 

 

Six Months Ended June 30, 2017

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Stock Options

 

 

Exercise Price

 

 

Outstanding -

   beginning of

   period

 

 

2,350,166

 

 

$

17.57

 

 

Granted

 

 

768,896

 

 

$

28.35

 

 

Exercised

 

 

(72,579

)

 

$

15.24

 

 

Forfeited/Expired

 

 

(125,707

)

 

$

20.80

 

 

Outstanding - end of

   period

 

 

2,920,776

 

 

$

20.32

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - end of

   period

 

 

859,212

 

 

$

15.34

 

 

 

Schedule of Restricted Share Activity

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

 

 

 

Six Months Ended

 

 

 

 

June 30, 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 June 30,

 

 

Six Months Ended June 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

 

2016

 

Direct costs, excluding depreciation and amortization

 

$

573

 

 

$

1,911

 

 

$

1,115

 

 

 

$

2,474

 

Selling, general and administrative

 

 

627

 

 

 

1,355

 

 

 

1,119

 

 

 

 

1,801

 

Total stock-based compensation expense

 

$

1,200

 

 

$

3,266

 

 

$

2,234

 

 

 

$

4,275