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Shareholder's Equity and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2018
Equity [Abstract]  
Schedule of Stock Option Activity

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

 

 

 

Three Months Ended March 31, 2018

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Stock Options

 

 

Exercise Price

 

 

Outstanding - beginning of period

 

 

2,782,868

 

 

$

20.73

 

 

Granted

 

 

406,500

 

 

$

32.05

 

 

Exercised

 

 

(38,161

)

 

$

14.83

 

 

Forfeited/Expired

 

 

(62,361

)

 

$

19.62

 

 

Outstanding - end of period

 

 

3,088,846

 

 

$

22.32

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - end of period

 

 

957,504

 

 

$

15.54

 

 

 

Schedule of RSA/RSU Activity

The following table sets forth the Company’s RSA/RSU activity:

 

 

 

Three Months Ended

 

 

 

 

March 31, 2018

 

 

 

 

Shares/Units

 

 

Outstanding and unvested - beginning of period

 

 

183,629

 

 

Granted

 

 

98,000

 

 

Vested

 

 

-

 

 

Forfeited

 

 

(2,000

)

 

Outstanding and unvested - end of period

 

 

279,629

 

 

 

 

 

 

 

 

Cumulative vested shares - end of period

 

 

1,884,287

 

 

 

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,

 

 

 

2018

 

 

2017

 

Total direct costs

 

$

843

 

 

$

542

 

Selling, general and administrative

 

 

624

 

 

 

492

 

Total stock-based compensation expense

 

$

1,467

 

 

$

1,034