v3.5.0.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-based Compensation Expense
The following table summarizes the stock-based compensation expense recognized in accordance with ASC 718-10 for the three and six months ended June 30, 2016, and June 30, 2015:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
(In thousands)
2016

2015
 
2016
 
2015
Cost of revenues
$
293

 
$
257

 
$
383

 
$
506

Research and development
1,940

 
1,306

 
3,409

 
2,697

Sales and marketing
899

 
878

 
1,926

 
1,890

General and administrative
1,880

 
1,309

 
3,710

 
3,048

Total stock-based compensation expense
$
5,012

 
$
3,750

 
$
9,428

 
$
8,141

Summary of Option Activity Under the Plans
A summary of stock options outstanding as of June 30, 2016, and activity during the six months then ended, is presented below:
 
Shares
(in thousands)
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining
Contractual Term
(in years)
 
Aggregate
Intrinsic Value
(in thousands)
Outstanding at January 1, 2016
1,030

 
$
27.58

 
 
 
 
Granted

 
$

 
 
 
 
Exercised
(44
)
 
$
23.31

 
 
 
 
Forfeited or expired

 
$

 
 
 
 
Outstanding at June 30, 2016
986

 
$
27.77

 
2.76
 
$
21,911

Exercisable at June 30, 2016
986

 
$
27.77

 
2.76
 
$
21,911

Vested and expected to vest at June 30, 2016
986

 
$
27.77

 
2.76
 
$
21,911

Performance Based Awards (PSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of PSUs outstanding as of June 30, 2016, and activity during the six months then ended, is presented below:
 
Shares
(in thousands)
 
Weighted-Average
Grant Date Fair
Value Per Share
 
Weighted-Average
Remaining
Contractual Term
(in years)
 
Aggregate
Intrinsic Value
(in thousands)
Outstanding at January 1, 2016
11

 
$
52.35

 
 
 
 
Granted
100

 
$
46.12

 
 
 
 
Vested
(11
)
 
$
52.35

 
 
 
 
Forfeited

 
$

 
 
 
 
Outstanding at June 30, 2016
100

 
$
46.12

 
0.50
 
$
4,983

Outstanding and expected to vest at June 30, 2016
97

 
 
 
0.50
 
$
4,834

Long-Term Performance-Based Awards (PRSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of PRSUs outstanding as of June 30, 2016, and activity during the six months then ended, is presented below:
 
Shares
(in thousands)
 
Weighted-Average
Grant Date Fair
Value Per Share
 
Weighted-Average
Remaining
Contractual Term
(in years)
 
Aggregate
Intrinsic Value
(in thousands)
Outstanding at January 1, 2016
129

 
$
53.75

 
 
 
 
Granted
78

 
$
43.26

 
 
 
 
Vested

 
$

 
 
 
 
Forfeited

 
$

 
 
 
 
Outstanding at June 30, 2016
207

 
$
49.78

 
1.60
 
$
10,351

Outstanding and expected to vest at June 30, 2016
96

 
 
 
1.57
 
$
4,777

Restricted Stock Units (RSUs)  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of RSUs outstanding as of June 30, 2016, and activity during the six months then ended, is presented below:
 
Shares
(in thousands)
 
Weighted- Average
Grant Date Fair
Value Per Share
 
Weighted-Average
Remaining
Contractual Term
(in years)
 
Aggregate
Intrinsic Value
(in thousands)
Outstanding at January 1, 2016
681

 
$
46.98

 
 
 
 
Granted
297

 
$
45.82

 
 
 
 
Vested
(251
)
 
$
45.14

 
 
 
 
Forfeited
(11
)
 
$
46.75

 
 
 
 
Outstanding at June 30, 2016
716

 
$
47.15

 
1.70
 
$
35,789

Outstanding and expected to vest at June 30, 2016
657

 
 
 
1.65
 
$
32,829