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Stockholders' Equity and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Stock-Based Compensation Resulting from Employee Incentive Share Arrangements

The following table presents stock-based compensation expense resulting from employee incentive stock arrangements and is presented in the following line items in the accompanying consolidated statements of income for the years ended December 31, 2015, 2014 and 2013 (in thousands):

Years Ended December 31,		2015				2014				2013
Operating expense		$	235			$	32			$	222
Sales and marketing			559			166				114
Research and development			104			16				345
General and administrative			2,112			498				253
Total stock-based compensation expense		$	3,010			$	712			$	934

Nonvested Restricted Stock Unit Awards

The following table presents a summary of the activity related to restricted stock for the year ended December 31, 2015: 

Year ended December 31, 2015				Number of shares				Weighted average grant- date fair value (in dollars)
Restricted stock outstanding at January 1, 2015					4,540,020			$	0.24
2015 Restricted Stock granted					741,931				27.65
2014 Restricted Stock vested					(3,287,091	)			0.20
2014 Restricted Stock forfeited					(7,215	)			0.48
2015 Restricted Stock forfeited					(7,805	)			30.95
Restricted stock outstanding at December 31, 2015					1,979,840				10.45

Incentive Units [Member]

Summary of Grant-Date Fair Values and Related Assumptions

The following table presents a summary of the pre-conversion grant-date fair values of incentive units granted during 2013 and the related assumptions:

		Year Ended December 31, 2013
Grant-date fair value
Incentive units (converted to restricted stock as of January 1, 2014)		$0.11 - $0.92
Risk-free interest rates (based on 5 year U.S. Treasury Securities)		0.71% - 1.41%
Estimated volatility			50.0%
Expected life (in years)			5.0
Dividend yield		0%

2015 Restricted Stock [Member]

Summary of Grant-Date Fair Values and Related Assumptions

The following table presents a summary of the grant-date fair values of 2015 Restricted Stock granted during the year ended December 31, 2015 and the related assumptions:

Years Ended December 31,		2015
Grant-date fair value
Restricted stock		$21.76 - $33.33
Risk-free interest rate (based on 10 year U.S. Treasury Securities)			2%
Estimated volatility			26.0%
Expected life (in years)			3.6
Dividend yield		0%

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- Definition

Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring and/or nonrecurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 14.F)
-URI http://asc.fasb.org/extlink&oid=27013229&loc=d3e301413-122809

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14
-Section F

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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
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-Paragraph 2
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