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Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2016
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, 2014

     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  

Restricted stock units granted

     (1,446

Option and restricted stock units forfeited

     335  
  

 

 

 

Available for grant at December 31, 2016

     18,751  
  

 

 

 
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, 2014

     1,410        1.47     

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 forfeited

     (257      1.47        —    

Options exercised

     (64      1.47        —    
  

 

 

    

 

 

    

Outstanding at December 31, 2016

     258        1.47        0.25  
  

 

 

    

 

 

    

Options vested and expected to vest after December 31, 2016

     258        1.47        0.25  
  

 

 

    

 

 

    

Options exercisable at December 31, 2016

     258        1.47        0.25  
  

 

 

    

 

 

    
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, 2014

     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  

Restricted stock units granted

     1,446        12.67     

Restricted stock units vested

     (1,726      6.46     

Restricted stock units forfeited

     (78      6.57     
  

 

 

    

 

 

    

Non-vested at December 31, 2016

     1,767        11.65        0.47  
  

 

 

    

 

 

    
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, 2014, 2015 and 2016.

 

     Year Ended December 31  
     2014      2015      2016  
     US$      US$      US$  

Cost of sales

     282        261        400  

Research and development

     6,773        6,565        10,529  

Sales and marketing

     1,746        1,790        3,122  

General and administrative

     1,546        1,802        3,313  
  

 

 

    

 

 

    

 

 

 
     10,347        10,418        17,364