XML 51 R38.htm IDEA: XBRL DOCUMENT v3.7.0.1
L. SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

Average

 

 

 

 

Average

 

 

 

 

 

 

 

Average

 

Share Price

 

Weighted

 

Remaining

 

Aggregate

 

 

Number of

 

Exercise

 

 on Date of

 

Average

 

Contractual

 

Intrinsic

 

    

shares

    

Price

    

Exercise

    

Fair Value

    

Life

    

Value

 

 

(in thousands, except price data)

Outstanding, January 1, 2014

 

1,468

 

$

8.38

 

 

 

 

 

4.17

 

 

 

$

9,731

Granted

 

108

 

 

13.84

 

 

 

 

 

7.24

 

 

 

 

 —

Exercised

 

(104)

 

 

6.22

 

 

 

 

 

2.57

 

 

 

 

1,476

Forfeited

 

(48)

 

 

8.23

 

 

 

 

 

5.43

 

 

 

 

628

Expired

 

(1)

 

 

6.21

 

 

 

 

 

2.21

 

 

 

 

11

Outstanding, December 31, 2014

 

1,423

 

 

8.96

 

 

 

 

 

4.48

 

 

 

 

3,486

Exercised

 

(81)

 

 

7.09

 

$

16.53

 

 

2.62

 

 

 

 

762

Forfeited

 

(32)

 

 

8.96

 

 

 

 

 

4.43

 

 

 

 

212

Outstanding, December 31, 2015

 

1,310

 

 

9.07

 

 

 

 

 

4.59

 

 

 

 

10,598

Exercised

 

(159)

 

 

6.91

 

$

19.90

 

 

2.56

 

 

 

 

2,071

Forfeited

 

(21)

 

 

7.96

 

 

 

 

 

3.29

 

 

 

 

273

Outstanding, December 31, 2016

 

1,130

 

$

9.40

 

 

 

 

$

4.90

 

6.412

 

$

15,872

Exercisable, December 31, 2016

 

877

 

$

9.18

 

 

 

 

$

4.78

 

6.333

 

$

12,499

Vested and expected to vest

 

1,122

 

$

9.39

 

 

 

 

$

4.90

 

6.409

 

$

15,767

 

Summary of RSU activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average Share

 

Weighted

 

Aggregate

 

 

Number of

 

 Price on Date

 

Average Fair

 

Intrinsic

 

    

shares

    

 of Release

    

Value

    

Value

 

 

(in thousands, except price data)

Outstanding at January 1, 2014

 

33

 

 

 

 

 

10.00

 

 

 

Granted

 

25

 

 

 

 

 

18.45

 

 

 

Released

 

(33)

 

 

 

 

 

10.57

 

 

 

Cancelled/Forfeited

 

(4)

 

 

 

 

 

18.20

 

 

 

Outstanding, December 31, 2014

 

21

 

 

 

 

 

18.22

 

 

238

Granted

 

156

 

$

13.62

 

 

11.06

 

 

1,722

Released

 

(19)

 

 

 

 

 

18.24

 

 

257

Cancelled/Forfeited

 

(6)

 

 

 

 

 

10.00

 

 

99

Outstanding, December 31, 2015

 

152

 

 

 

 

 

11.20

 

 

2,611

Granted

 

497

 

 

 

 

 

15.73

 

 

7,815

Released

 

(122)

 

$

13.50

 

 

14.08

 

 

1,644

Cancelled/Forfeited

 

(10)

 

 

 

 

 

15.38

 

 

180

Outstanding, December 31, 2016

 

517

 

 

 

 

$

14.79

 

$

12,128

Exercisable, December 31, 2016

 

25

 

 

 

 

$

11.41

 

$

575

Vested and expected to vest

 

501

 

 

 

 

$

14.77

 

$

11,752

 

Assumptions used

 

 

 

 

 

 

 

 

 

    

2014

    

 

 

 

 

Expected volatility

  

52

%  

 

 

 

 

Risk-free interest rate

  

1.89

%  

 

 

 

 

Expected term (years)

  

6.25

  

 

 

 

 

Expected dividend yield

  

 —

  

 

 

 

 

Estimated forfeitures

  

7.50

%  

 

 

 

 

 

Schedule of employee stock-based compensation expenses

Share-Based compensation - by expense type

 

 

 

 

 

 

 

 

 

 

 

 

 

    

2016

    

2015

    

2014

 

 

 

(in thousands)

 

Cost of goods sold

 

$

190

 

$

70

 

$

88

 

Research and development

 

 

591

  

 

230

  

 

115

 

Sales and marketing

 

 

357

  

 

217

  

 

98

 

General and administrative

 

 

2,695

  

 

1,603

  

 

1,760

 

Total share-based compensation expense

 

$

3,833

 

$

2,120

 

$

2,061

 

 

Share-Based compensation - by award type

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

 

 

2016

    

2015

    

2014

 

 

 

(in thousands)

 

Employee stock options

 

$

1,460

 

$

1,538

 

$

1,660

 

Restricted stock units

 

 

2,373

 

 

582

 

 

385

 

Warrants

 

 

 —

 

 

 —

 

 

16

 

Total share-based compensation expense

 

$

3,833

 

$

2,120

 

$

2,061