XML 86 R73.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
Stock-Based Compensation    
Schedule of assumptions used in estimation of fair value of the share-based payment awards on the grant date

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

September 30, 

 

 

2017

 

2016

 

Risk-free interest rate

1.6%

 

1.0% - 1.2%

 

Volatility

70.2%

 

61.4% - 63.8%

 

Expected life (years)

4.0

 

4.0 - 5.0

 

Dividend yield

0%

 

0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

 

 

 

 

 

Employee stock options:

 

2016

    

2015

    

2014

Risk-free interest rate

 

1% - 2.1%

 

0.6% -1.7%

 

1.3% -  1.7%

Volatility

 

61.4% -  65.0%

 

55.7% -  59.3%

 

53.7% -  57.5%

Expected life (years)

 

3.0 - 5.0

 

3.0 - 5.0

 

4.0 - 5.0

Dividend yield

 

0%

 

0%

 

0%

 

Summary of option and RSU activity under Amended and Restated 2000 Stock Option and Equity Incentive Plan and Amended and Restated 2010 Equity Incentive Plan

A summary of the option and RSU activity under the Company’s Amended and Restated 2010 Equity Incentive Plan (the Plan) is presented below (in thousands, except exercise price):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding

 

 

 

 

 

 

 

Weighted

 

 

 

Shares

 

 

 

Average

 

 

 

Available

 

Number of

 

Exercise

 

 

    

for Grant

    

Shares

    

Prices

 

Balance at January 1, 2017

 

114

 

522

 

$

13.88

 

Additional shares authorized under the Plan

 

50

 

 —

 

 

 

RSUs cancelled and returned to the Plan

 

 5

 

 —

 

 

 

Options granted

 

(1)

 

 1

 

$

2.36

 

Options cancelled and returned to the Plan

 

15

 

(15)

 

$

6.94

 

Balance at March 31, 2017

 

183

 

508

 

$

14.06

 

RSUs cancelled and returned to Plan

 

37

 

 —

 

 

 —

 

Options cancelled and returned to Plan

 

172

 

(172)

 

$

10.20

 

Balance at June 30, 2017

 

392

 

336

 

$

16.04

 

RSUs granted

 

(407)

 

 —

 

 

 

RSUs cancelled and returned to Plan

 

 8

 

 —

 

 

 

Options cancelled and returned to Plan

 

88

 

(88)

 

$

14.83

 

Balance at September 30, 2017

 

81

 

248

 

$

16.47

 

 

A summary of option activity under the Plans is presented below (in thousands, except exercise price):

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding

 

 

 

 

 

 

 

Weighted

 

 

 

Shares

 

 

 

Average

 

 

 

Available

 

Number of

 

Exercise

 

 

    

for Grant

    

Shares

    

Prices

 

Balance at January 1, 2014

 

42

 

672

 

$

38.64

 

Additional shares authorized under the Amended 2010 Plan

 

200

 

 —

 

 

 

Restricted stock units granted

 

(50)

 

 —

 

 

 

Options granted

 

(17)

 

17

 

$

35.34

 

Options cancelled and returned to Plan

 

49

 

(49)

 

$

43.08

 

Options exercised

 

 —

 

(41)

 

$

30.64

 

Options expired

 

(48)

 

 —

 

$

43.20

 

Balance at December 31, 2014

 

176

 

599

 

$

38.73

 

Additional shares authorized under the Amended 2010 Plan

 

50

 

 —

 

 

 

Restricted stock units cancelled and returned to Plan

 

2

 

 —

 

 

 —

 

Options granted

 

(154)

 

154

 

$

20.22

 

Options cancelled and returned to Plan

 

70

 

(70)

 

$

35.23

 

Options exercised

 

 —

 

(8)

 

$

16.37

 

Options expired

 

(38)

 

 —

 

$

32.00

 

Balance at December 31, 2015

 

106

 

675

 

$

35.14

 

Additional shares authorized under the Amended 2010 Plan

 

50

 

 —

 

 

 

Restricted stock units granted

 

(144)

 

 —

 

 

 

Restricted stock units cancelled and returned to Plan

 

7

 

 —

 

 

 

Options granted

 

(384)

 

384

 

$

6.96

 

Options cancelled and returned to Plan

 

479

 

(479)

 

$

35.64

 

Options cancelled and expired

 

 —

 

(58)

 

$

44.80

 

Balance at December 31, 2016

 

114

 

522

 

$

13.88

 

 

Summary of RSU activity under the Plans

A summary of RSU activity under the Plan is presented below (in thousands, except for fair value):

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

Number of

 

Grant-Date

 

 

 

Shares

 

Fair Value

 

Non-vested shares at January 1, 2017

 

148

 

$

8.13

 

Vested

 

(54)

 

$

11.64

 

Cancelled

 

(5)

 

$

5.30

 

Non-vested shares at March 31, 2017

 

89

 

$

6.16

 

Cancelled

 

(37)

 

$

5.75

 

Non-vested shares at June 30, 2017

 

52

 

$

6.46

 

Granted

 

407

 

$

0.93

 

Vested

 

(66)

 

$

0.95

 

Cancelled

 

(8)

 

$

5.30

 

Non-vested shares at September 30, 2017

 

385

 

$

1.58

 

 

A summary of restricted stock unit activity under the Plans is presented below (in thousands, except fair value):

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

Number of

 

Grant-Date

 

 

 

Shares

 

Fair Value

 

Non-vested shares at January 1, 2014

 

2

 

$

44.60

 

Granted

 

50

 

$

46.11

 

Vested

 

(13)

 

$

45.83

 

Cancelled

 

 —

 

$

46.20

 

Non-vested shares at December 31, 2014

 

39

 

$

46.11

 

Vested

 

(13)

 

$

45.97

 

Cancelled

 

(2)

 

$

46.20

 

Non-vested shares at December 31, 2015

 

24

 

$

46.17

 

Granted

 

144

 

$

5.30

 

Vested

 

(12)

 

$

46.06

 

Cancelled

 

(8)

 

$

15.67

 

Non-vested shares at December 31, 2016

 

148

 

$

8.13

 

 

Summary of significant ranges of outstanding and exercisable options

The following table summarizes significant ranges of outstanding and exercisable options as of September 30, 2017 (in thousands, except contractual life and exercise price):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

Weighted

 

 

 

Weighted

 

 

 

 

 

 

 

 

Contractual

 

Average

 

 

 

Average

 

Aggregate

 

 

 

Number

 

Life

 

Exercise

 

Number

 

Exercise

 

Intrinsic

 

Range of Exercise Price

 

Outstanding

 

(in Years)

 

Price

 

Exercisable

 

Price

 

value

 

$2.36 - $7.19

    

19

    

6.44

    

$

5.07

    

12

    

$

5.30

    

 

 

 

$7.20 - $16.99

 

122

 

8.35

 

$

7.20

 

49

 

$

7.20

 

 

 

 

$17.00 - $20.49

 

 4

 

3.79

 

$

17.00

 

 4

 

$

17.00

 

 

 

 

$20.50 - $30.89

 

45

 

7.42

 

$

20.50

 

39

 

$

20.50

 

 

 

 

$30.90 - $41.89

 

41

 

0.61

 

$

36.44

 

41

 

$

33.41

 

 

 

 

$41.90 - $46.20

 

17

 

4.16

 

$

44.01

 

17

 

$

44.01

 

 

 

 

$2.36 - $46.20

 

248

 

6.40

 

$

16.47

 

162

 

$

21.34

 

$

 —

 

Vested and expected to vest

 

240

 

6.32

 

$

16.77

 

 

 

 

 

 

$

 —

 

Exercisable

 

162

 

5.11

 

$

21.34

 

 

 

 

 

 

$

 —

 

 

The following table summarizes significant ranges of outstanding and exercisable options as of December 31, 2016 (in thousands, except contractual life and exercise price):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

Weighted

 

 

 

Weighted

 

 

 

 

 

 

 

 

Contractual

 

Average

 

 

 

Average

 

Aggregate

 

 

 

Number

 

Life

 

Exercise

 

Number

 

Exercise

 

Intrinsic

 

Range of Exercise Price

 

Outstanding

 

(in Years)

 

Price

 

Exercisable

 

Price

 

value

 

$3.80 - $7.19

    

45

    

8.68

    

$

5.12

    

8

    

$

5.30

    

 

 

 

$7.20 - $16.99

 

325

 

9.39

 

$

7.20

 

36

 

$

7.20

 

 

 

 

$17.00 - $30.99

 

84

 

6.33

 

$

22.39

 

66

 

$

22.92

 

 

 

 

$31-00 - $54.29

 

58

 

2.72

 

$

38.41

 

57

 

$

38.32

 

 

 

 

$54.30 - $61.09

 

6

 

0.50

 

$

54.30

 

6

 

$

54.30

 

 

 

 

$61.10 - $61.10

 

4

 

0.32

 

$

61.10

 

4

 

$

61.10

 

 

 

 

$3.80 - $61.10

 

522

 

7.82

 

$

13.88

 

177

 

$

25.83

 

$

 —

 

Vested and expected to vest

 

522

 

7.82

 

$

14.34

 

 

 

 

 

 

$

 —

 

Exercisable

 

177

 

5.38

 

$

25.83

 

 

 

 

 

 

$

 —