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Shareholder's Equity and Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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:

 

 

 

Nine Months Ended September 30, 2017

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Stock Options

 

 

Exercise Price

 

 

Outstanding - beginning of period

 

 

2,350,166

 

 

$

17.57

 

 

Granted

 

 

818,896

 

 

$

28.29

 

 

Exercised

 

 

(83,675

)

 

$

15.26

 

 

Forfeited/Expired

 

 

(225,051

)

 

$

20.66

 

 

Outstanding - end of period

 

 

2,860,336

 

 

$

20.46

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable - end of period

 

 

939,835

 

 

$

15.34

 

 

 

Schedule of RSA/RSU Activity

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

 

 

 

Nine Months Ended

 

 

 

 

September 30, 2017

 

 

 

 

Shares/Units

 

 

Outstanding and unvested - beginning of period

 

 

59,258

 

 

Granted

 

 

156,000

 

 

Vested

 

 

-

 

 

Forfeited

 

 

-

 

 

Outstanding and unvested - end of period

 

 

215,258

 

 

 

 

 

 

 

 

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 September 30,

 

 

Nine Months Ended September 30,

 

 

 

2017

 

 

2016

 

 

2017

 

 

 

2016

 

Direct costs, excluding depreciation and amortization

 

$

389

 

 

$

2,500

 

 

$

1,504

 

 

 

$

4,974

 

Selling, general and administrative

 

 

592

 

 

 

1,784

 

 

 

1,711

 

 

 

 

3,585

 

Total stock-based compensation expense

 

$

981

 

 

$

4,284

 

 

$

3,215

 

 

 

$

8,559