Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of stock options issued under the various Stock Incentive Plans previously described and changes is as follows:


	Number of Shares			Weighted- Average Exercise Price ($)		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value of In-the-Money Options ($)
Outstanding, December 31, 2011		10,470,168		$	7.76
Granted		1,306,101			14.14
Exercised		(2,541,903	)		6.58
Forfeited		(316,620	)		7.40
Expired		(12,000	)		3.40

Outstanding, December 31, 2012		8,905,746			9.05
Granted		1,208,019			19.30
Exercised		(2,478,183	)		7.81
Forfeited		(225,474	)		12.79
Expired		(1,287	)		9.65

Outstanding, December 31, 2013		7,408,821			11.02
Granted		27,132			20.13
Exercised		(2,036,558	)		8.08
Forfeited		(116,702	)		17.80

Outstanding, December 31, 2014		5,282,693		$	12.06		5.72	$	43,191,137

Exercisable, December 31, 2014		4,325,851		$	10.66		5.08	$	41,247,183

Estimated Fair Value of Options Granted using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions

The fair value of options granted in the respective fiscal years was estimated on the date of grant using the Black-Scholes option-pricing model, acceptable under ASC 718, with the following weighted-average assumptions:


	Years Ended December 31,
	2014			2013			2012
Expected life (years)		5.9			6.2			6.2
Risk-free interest rate		1.8	%		1.6	%		0.8	%
Expected volatility		45.2	%		46.0	%		51.4	%
Expected dividend yield		—			—			—

Summary of Nonvested Long-Term Incentive Program Performance Share Awards Outstanding and Changes During Period

A summary of the nonvested LTIP Performance Shares is as follows:


Nonvested LTIP Performance Shares	Number of Shares at Expected Attainment			Weighted- Average Grant Date Fair Value
Nonvested at December 31, 2011		2,794,713		$	7.78
Granted		820,785			14.22
Forfeited		(311,046	)		7.71

Nonvested at December 31, 2012		3,304,452			9.38
Granted		798,306			20.30
Vested		(982,728	)		5.61
Forfeited		(188,511	)		12.33
Change in expected attainment for 2010 grants		(212,943	)		8.88

Nonvested at December 31, 2013		2,718,576			13.78
Granted		19,065			20.13
Vested		(635,643	)		8.88
Forfeited		(111,599	)		16.43
Change in expected attainment for 2012 and 2013 grants		(844,483	)		15.86

Nonvested at December 31, 2014		1,145,916		$	14.84

Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested RSAs are as follows:


Nonvested Restricted Share Awards	Restricted Share Awards			Grant Date Fair Value
Nonvested at December 31, 2011		300,069		$	6.43
Granted		169,167			14.94
Vested		(237,897	)		6.24
Forfeited		(23,625	)		5.59

Nonvested at December 31, 2012		207,714			13.67
Granted		25,989			16.10
Vested		(88,638	)		12.35

Nonvested at December 31, 2013		145,065			14.91
Granted		106,275			18.57
Vested		(66,670	)		14.59
Forfeited		(1,461	)		20.51

Nonvested at December 31, 2014		183,209		$	17.11

Online Resources Corporation

Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of transaction stock options issued pursuant to the Company’s stock incentive plans is as follows:


	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value of In-the-Money Options
Outstanding as of December 31, 2012		—		$	—
Transaction stock options converted upon acquisition of ORCC		112,404			30.64
Exercised		(15,501	)		13.92
Cancelled		(34,458	)		30.21

Outstanding as of December 31, 2013		62,445			35.03
Exercised		(909	)		13.92
Cancelled		(15,024	)		31.03

Outstanding as of December 31, 2014		46,512		$	36.73		1.61	$	43,444

Exercisable as of December 31, 2014		46,512		$	36.73		1.61	$	43,444

S1 2003 Stock Incentive Plan

Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested Transaction RSAs issued under the S1 2003 Stock Incentive Plan as of December 31, 2014 and changes during the period are as follows:


Nonvested Transaction Restricted Share Awards	Number of Restricted Share Awards			Weighted-Average Grant Date Fair Value
Nonvested as of December 31, 2011		—		$	—
Transaction RSAs converted upon acquisition of S1		510,615			11.80
Vested		(302,055	)		11.80
Forfeited		(57,828	)		11.80

Nonvested as of December 31, 2012		150,732			11.80
Vested		(35,598	)		11.80
Forfeited		(57,582	)		11.80

Nonvested as of December 31, 2013		57,552			11.80
Vested		(19,822	)		11.80
Forfeited		(20,165	)		11.80

Nonvested as of December 31, 2014		17,565		$	11.80