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Stockholders' Equity | 3 Months Ended
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Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Stockholders' Equity |
7. | STOCKHOLDERS’ EQUITY
Stock Based Compensation Shares Available For Issuance In the fiscal year ended April 30, 2007, we adopted the 2006 Stock Incentive Plan (“2006 Plan”). The 2006 Plan was amended in the fiscal year ended April 30, 2010. Under the 2006 Plan, we may grant awards up to an aggregate amount of shares equal to the sum of: (i) 2,475 shares of Class A common stock (subject to adjustment in the event of stock splits and other similar events), plus (ii) such additional number of shares of Class A common stock as are currently subject to options granted under our 1993 Incentive Stock Option Plan, 1994 Non-statutory Stock Option Plan, 1996 Option Plan, and 1997 Stock Option Plan (“Prior Plans”), which are not actually issued under the Prior Plans because such options expire or otherwise result in shares not being issued. As of March 31, 2015, there were 495 Class A common stock equivalents available for future grant under the 2006 Plan, inclusive of additional Class A common stock equivalents that were previously issued under our terminated plans and have become available for grant because such awards expired or otherwise resulted in shares not being issued. Stock Options Options under the 2006 Plan are granted at a price equal to the prevailing fair market value of our Class A common stock at the date of grant. Generally, options granted have a term not to exceed ten years and vest over a one to four year period from the date of grant. A summary of stock option activity for the three months ended March 31, 2015 is as follows:
|  | Stock Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding, December 31, 2014 |  |  | 1,380 |  |  | $ | 7.70 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Forfeited |  |  | (2 | ) |  | $ | 13.00 |  |  |  |  |  |  |  |  |
Outstanding, March 31, 2015 |  |  | 1,378 |  |  | $ | 7.69 |  |  |  | 5.1 |  |  | $ | 827 |
Exercisable, March 31, 2015 |  |  | 855 |  |  | $ | 9.57 |  |  |  | 3.0 |  |  | $ | 356 |
Expected to vest, March 31, 2015 |  |  | 1,377 |  |  | $ | 7.69 |  |  |  | 5.1 |  |  | $ | 826 |
Stock-based compensation expense for stock options was $157 during the three months ended March 31, 2015, as compared to $109 during the three months ended March 31, 2014. As of March 31, 2015, total unrecognized stock-based compensation expense related to outstanding stock options was $931, which will be recognized over a weighted average period of 1.4 years. Other Stock Awards We grant restricted stock awards, restricted stock units and performance stock units under the 2006 Plan at a price equal to the fair market value of our Class A common stock at the date of grant. Restricted stock awards granted to non-employee directors vest incrementally over a three year period beginning on the first anniversary of the date of grant. Restricted stock units vest incrementally over an identified service period beginning on the grant date based on continued employment. Performance stock units vest on the third fiscal year-end following the grant date and are based on our attainment of a targeted average return on net assets as of the vesting date. A summary of restricted stock, restricted stock unit and performance stock unit activity for the three months ended March 31, 2015 is as follows:
|  | Restricted Stock, Restricted Stock Units, and Performance Stock Units (1) |  |  | Weighted Average Grant Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding, December 31, 2014 |  |  | 1,048 |  |  | $ | 4.79 |  |  |  |  |  |  |  |  |
Granted |  |  | 556 |  |  | $ | 4.18 |  |  |  |  |  |  |  |  |
Class A Common Stock Vested |  |  | (3 | ) |  | $ | 4.83 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (31 | ) |  | $ | 4.82 |  |  |  |  |  |  |  |  |
Outstanding, March 31, 2015 |  |  | 1,570 |  |  | $ | 4.57 |  |  |  | 1.8 |  |  | $ | 1,469 |
Expected to vest, March 31, 2015 |  |  | 1,092 |  |  | $ | 4.47 |  |  |  | 2.1 |  |  | $ | 1,136 |
(1) | Performance stock units are included at the 100% attainment level. Attainment of maximum annual returns on net assets could result in the issuance of an additional 242 shares of Class A common stock.
Stock-based compensation expense related to restricted stock, restricted stock units and performance stock units was $486 during the three months ended March 31, 2015, as compared to $461 during the three months ended March 31, 2014. During the three months ended March 31, 2015, the total fair value of other stock awards vested was $12. As of March 31, 2015, total unrecognized compensation expense related to outstanding restricted stock and restricted stock units was $3,667, which will be recognized over a weighted average period of 2.0 years. Maximum unrecognized stock-based compensation expense as of March 31, 2015 related to outstanding performance stock units, and subject to the attainment of targeted maximum annual returns on net assets, was $2,483 to be recognized over a weighted average period of 0.1 years. We do not expect to recognize any compensation expense as of March 31, 2015 related to outstanding performance stock units based on our expected attainment levels. We also recorded $17 of stock-based compensation expense related to our Employee Stock Purchase Plan during the three months ended March 31, 2015, as compared to $5 during the three months ended March 31, 2014. Accumulated Other Comprehensive Income The change in the balance of accumulated other comprehensive income, which is included as a component of our stockholders’ deficit, for the three months ended March 31, 2015 is as follows:
|  | Marketable Securities |
Balance as of December 31, 2014 |  | $ | 58 |
Other comprehensive loss before reclassifications |  |  | (34 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | — |
Net current-period other comprehensive loss |  |  | (34 | )
Balance as of March 31, 2015 |  | $ | 24 |

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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + References No definition available. + Details
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