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Stock-Based Compensation Plans (Tables)
6 Months Ended
Jun. 30, 2015
Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of 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, 2014

     5,282,693       $ 12.06         

Granted

     2,055,514         19.12         

Exercised

     (1,015,751      10.47         

Forfeited

     (123,660      18.96         

Expired

     (593      20.51         
  

 

 

    

 

 

       

Outstanding as of June 30, 2015

     6,198,203       $ 14.52         6.84       $ 62,281,884   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable as of June 30, 2015

     3,343,257       $ 10.78         4.88       $ 46,105,806   
  

 

 

    

 

 

    

 

 

    

 

 

 

Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested restricted share awards (“RSAs”) as of June 30, 2015 and changes during the period are as follows:

 

Nonvested Restricted Share Awards

   Number of
Restricted
Share Awards
     Weighted-Average Grant
Date Fair Value
 

Nonvested as of December 31, 2014

     183,209       $ 17.11   

Granted

     105,844         24.04   

Vested

     (99,270      18.24   
  

 

 

    

 

 

 

Nonvested as of June 30, 2015

  189,783    $ 20.38   
  

 

 

    

 

 

 
LTIP Performance Shares [Member]  
Summary of Nonvested Performance Based Share Awards and Changes During Period

A summary of nonvested long-term incentive program performance share awards (“LTIP performance shares”) outstanding as of June 30, 2015 and changes during the period are as follows:

 

Nonvested LTIP Performance Shares

   Number of
Shares at
Expected
Attainment
     Weighted-
Average
Grant Date
Fair Value
 

Nonvested as of December 31, 2014

     1,145,916       $ 14.84   

Granted

     1,025,863         19.12   

Forfeited

     (65,968      19.18   

Vested

     (548,671      9.75   

Change in expected attainment for 2011 grants

     (54,305      9.75   
  

 

 

    

 

 

 

Nonvested as of June 30, 2015

  1,502,835    $ 19.61   
  

 

 

    

 

 

 
S1 Corporation 2003 Stock Incentive Plan [Member]  
Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested Transaction RSAs issued under the S1 Corporation 2003 Stock Incentive Plan as of June 30, 2015 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, 2014

     17,565       $ 11.80   

Forfeited

     (3,469      11.80   
  

 

 

    

 

 

 

Nonvested as of June 30, 2015

  14,096    $ 11.80   
  

 

 

    

 

 

 
Online Resources Corporation [Member]  
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, 2014

     46,512       $ 36.73         

Exercised

     (240      13.92         

Expired

     (8,061      45.24         
  

 

 

    

 

 

       

Outstanding as of June 30, 2015

  38,211    $ 35.08      1.43    $ 71,472   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable as of June 30, 2015

  38,211    $ 35.08      1.43    $ 71,472   
  

 

 

    

 

 

    

 

 

    

 

 

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

The fair value of options granted during the three and six months ended June 30, 2015 and 2014 was estimated on the date of grant using the Black-Scholes option-pricing model, a pricing model acceptable under U.S. GAAP, with the following weighted-average assumptions:

 

     Six Months Ended
June 30, 2015
    Six Months Ended
June 30, 2014
 

Expected life (years)

     5.93        5.93   

Interest rate

     1.4     1.8

Volatility

     32.1     45.2

Dividend yield

     —          —     
Monte Carlo Simulation [Member]  
Estimated Fair Value of Options Granted using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions

With respect to options granted that vest based on the achievement of certain market conditions, the grant date fair value of such options was estimated using the following weighted-average assumptions:

 

     Six Months Ended
June 30, 2015
 
  

Expected life (years)

     7.50   

Interest rate

     1.7

Volatility

     41.9

Dividend yield

     —     
Performance-Based Restricted Share Awards [Member]  
Summary of Nonvested Performance Based Share Awards and Changes During Period

A summary of nonvested PBRSAs as of June 30, 2015 and changes during the period are as follows:

 

Nonvested Performance-Based Restricted Share Awards

   Number of
Performance-Based
Restricted
Share Awards
     Weighted-Average Grant
Date Fair Value
 

Nonvested as of December 31, 2014

     —         $ —     

Granted

     606,308         24.41   
  

 

 

    

 

 

 

Nonvested as of June 30, 2015

     606,308       $ 24.41