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Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2015
Summary of Plan Includes Stock Options and Restricted Stock Units

The following is a summary of, the 2005 Plan and the 2015 Plan, which includes stock options and restricted stock units:

 

     Unit
(in Thousands)
 

Available for grant at January 1, 2013

     5,336   

Restricted stock units granted

     (1,893

Option and restricted stock units forfeited

     123   
  

 

 

 

Available for grant at December 31, 2013

     3,566   

Restricted stock units granted

     (1,923

Option and restricted stock units forfeited

     44   
  

 

 

 

Available for grant at December 31, 2014

     1,687   

Authorized

     20,000   

Restricted stock units granted

     (2,000

Option and restricted stock units forfeited

     175   
  

 

 

 

Available for grant at December 31, 2015

     19,862   
  

 

 

Summary of Stock Option Activity

A summary of the stock option activity and related information is as follows:

 

     Number of
Options

Shares
(in Thousands)
     Weighted
Average
Exercise
Price
(US$)
     Weighted
Average
Remaining
Contractual
Life

(Years)
 

Outstanding at January 1, 2013

     1,697         1.47      

Options forfeited

                  

Options exercised

     (287      1.47      
  

 

 

    

 

 

    

Outstanding at December 31, 2013

     1,410         1.47         2.14   
  

 

 

    

 

 

    

Options vested and expected to vest after December 31, 2013

     1,410         1.47         2.14   

Options forfeited

                  

Options exercised

     (352      1.46      
  

 

 

    

 

 

    

Outstanding at December 31, 2014

     1,058         1.47         1.35   
  

 

 

    

 

 

    

Options vested and expected to vest after December 31, 2014

     1,058         1.47         1.35   

Options forfeited

     (143      1.47      

Options exercised

     (336      1.47      
  

 

 

    

 

 

    

Outstanding at December 31, 2015

     579         1.47         0.92   
  

 

 

    

 

 

    

Options vested and expected to vest after December 31, 2015

     579         1.47         0.92   
  

 

 

    

 

 

    

Options exercisable at December 31, 2015

     579         1.47         0.92   
  

 

 

    

 

 

    
Summary of Restricted Stock Units and Changes

A summary of the status of restricted stock units and changes is as follows:

 

     Number of
Non-vested
Stock Units
(in Thousands)
     Weighted
Average
Grant
Date

Fair
Value
(US$)
     Weight
Average
Remaining
Recognition
Period
(Years)
 

Non-vested at January 1, 2013

     7,018         2.68      

Restricted stock units granted

     1,893         3.13      

Restricted stock units vested

     (4,867      2.60      

Restricted stock units forfeited

     (123      2.60      
  

 

 

    

 

 

    

Non-vested at December 31, 2013

     3,921         2.90         0.43   

Restricted stock units granted

     1,923         5.13      

Restricted stock units vested

     (3,640      2.96      

Restricted stock units forfeited

     (44      4.92      
  

 

 

    

 

 

    

Non-vested at December 31, 2014

     2,160         4.90         0.31   

Restricted stock units granted

     2,000         6.83      

Restricted stock units vested

     (2,003      4.96      

Restricted stock units forfeited

     (32      5.85      
  

 

 

    

 

 

    

Non-vested at December 31, 2015

     2,125         6.65         0.73   
  

 

 

    

 

 

    
Stock-based Compensation Expense

The following table shows total stock-based compensation expense included in the Consolidated Statements of Income for the years ended December 31, 2013, 2014 and 2015.

 

     Year Ended December 31  
     2013      2014      2015  
     US$      US$      US$  

Cost of sales

     308         282         261   

Research and development

     6,351         6,773         6,565   

Sales and marketing

     2,197         1,746         1,790   

General and administrative

     1,406         1,546         1,802   
  

 

 

    

 

 

    

 

 

 
     10,262         10,347         10,418