XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.5.0.2

STOCKHOLDERS' EQUITY | 9 Months Ended
--- | ---
Sep. 30, 2016
Equity [Abstract] |
STOCKHOLDERS' EQUITY | 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 could 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 were subject to stock options granted under our 1993 Incentive Stock Option Plan, 1994 Non-statutory Stock Option Plan, 1996 Stock Option Plan, and 1997 Stock Incentive Plan (“Prior Plans”), which were not actually issued under the Prior Plans because such stock options expire or otherwise result in shares not being issued. As of September 30, 2016, there were 646 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. No awards may be granted under the 2006 Plan after October 9, 2016 and accordingly we expect to implement a new stock incentive plan which has been recommended to stockholders for approval at the 2016 Annual Meeting of Stockholders. Stock Options Stock options granted 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, stock 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 follows:
| Stock Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value
Outstanding, December 31, 2015 | 1,297 |  |  | $ | 7.03 |  |  |  |  |
Granted | — |  |  | $ | — |  |  |  |  |
Exercised | — |  |  | $ | — |  |  |  |  |
Forfeited | (196 | ) |  | $ | 12.93 |  |  |  |  |
Outstanding, September 30, 2016 | 1,101 |  |  | $ | 5.98 |  |  | 5.7 |  | $ | 4,993 |
Exercisable, September 30, 2016 | 800 |  |  | $ | 5.95 |  |  | 4.6 |  | $ | 3,710 |
Expected to vest, September 30, 2016 | 1,100 |  |  | $ | 5.98 |  |  | 5.6 |  | $ | 4,987 |
Stock-based compensation expense for stock options was $143 and $435 during the three and nine months ended September 30, 2016, respectively, as compared to $161 and $478 during the three and nine months ended September 30, 2015, respectively. As of September 30, 2016, total unrecognized stock-based compensation expense related to outstanding stock options was $782, which will be recognized over a weighted average period of 1.6 years. Other Stock Awards We granted restricted stock awards, restricted stock units and performance-based 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 granted vest incrementally over an identified service period beginning on the grant date based on continued employment. Performance-based stock units granted vest at a future date following the grant date and are based on the attainment of certain performance targets. A summary of restricted stock, restricted stock unit and performance-based stock unit activity follows:
| Restricted Stock, Restricted Stock Units, and Performance-Based Stock Units (1) |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (years) |  | Aggregate Intrinsic Value
Outstanding, December 31, 2015 | 962 |  |  | $ | 4.49 |  |  |  |  |
Granted | 400 |  |  | $ | 6.32 |  |  |  |  |
Class A Common Stock Vested | (404 | ) |  | $ | 4.40 |  |  |  |  |
Forfeited | (7 | ) |  | $ | 5.52 |  |  |  |  |
Outstanding, September 30, 2016 | 951 |  |  | $ | 5.29 |  |  | 1.8 |  | $ | 4,768 |
Expected to vest, September 30, 2016 | 811 |  |  | $ | 5.24 |  |  | 1.7 |  | $ | 4,106 |
(1) | Performance-based stock units are included at the 100% attainment level. Attainment of the maximum performance targets could result in the issuance of an additional 43 shares of Class A common stock.
Stock-based compensation expense related to restricted stock, restricted stock units and performance-based stock units was $585 and $1,863 during the three and nine months ended September 30, 2016, respectively, as compared to $706 and $1,785 during the three and nine months ended September 30, 2015, respectively. During the three and nine months ended September 30, 2016, the total fair value of restricted stock and restricted stock units vested was $50 and $2,703, respectively. As of September 30, 2016, total unrecognized stock-based compensation expense related to outstanding restricted stock and restricted stock units was $2,907, which will be recognized over a weighted average period of 1.7 years. As of September 30, 2016, maximum unrecognized stock-based compensation expense related to outstanding performance-based stock units was $431 to be recognized over a weighted average period of 2.3 years. We also recorded $28 and $79 of stock-based compensation expense related to our Amended and Restated 1997 Employee Stock Purchase Plan during the three and nine months ended September 30, 2016, respectively, as compared to $24 and $62 during the three and nine months ended September 30, 2015, respectively. Accumulated Other Comprehensive (Loss) Income A summary of the changes in the balances of each component of accumulated other comprehensive (loss) income, net of tax follows:
| Marketable Securities
Balance, December 31, 2015 | $ | 7 |
Other comprehensive loss before reclassifications | (50 | )
Amounts reclassified from accumulated other comprehensive (loss) income | — |
Net current-period other comprehensive loss | (50 | )
Balance, September 30, 2016 | $ | (43 | )

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_ShareholdersEquityAndShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration