XML 42 R31.htm IDEA: XBRL DOCUMENT v3.20.2

Description of Stock Plans (Tables)

3 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of RSU Activity

						Number of Shares						Weighted-Average Grant Date Fair Value
Unvested restricted units outstanding as of March 31, 2020						274,147						$	2.54
Granted						109,034						6.42
Vested						(32,145)						2.98
Cancelled						—						—
Unvested restricted units outstanding as of June 30, 2020						351,036						$	3.70

Summary of Stock Option Activity

The following table summarizes stock option activity for the Stock Plans for the periods or as of the dates indicated:

						Number of Shares						Weighted Average Exercise Price (per share)						Weighted Average Remaining Contractual Life (in years)						Aggregate Intrinsic Value (in thousands)
Options Outstanding, March 31, 2020						8,984,430						$	2.75					7.17						$	16,517
Granted						1,740,768						5.30
Forfeited / Cancelled						(96,954)						5.41
Exercised						(224,012)						1.96
Options Outstanding, June 30, 2020						10,404,232						3.17						7.39						97,784
Vested and expected to vest (net of estimated forfeitures) at June 30, 2020 (a)						9,030,673						2.94						7.12						86,949
Exercisable, June 30, 2020						5,692,383						$	2.36					6.15						$	58,113

(a) For options vested and expected to vest, options exercisable, and options outstanding, the aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between Digital Turbine's closing stock price on June 30, 2020 and the exercise price multiplied by the number of in-the-money options) that would have been received by the option holders, had the holders exercised their options on June 30, 2020. The intrinsic value changes based on changes in the price of the Company's common stock.

Summary of Exercise Price

Information about options outstanding and exercisable at June 30, 2020 is as follows:

						Options Outstanding																														Options Exercisable
Exercise Price						Number of Shares						Weighted-Average Exercise Price						Weighted-Average Remaining Life (Years)						Number of Shares						Weighted-Average Exercise Price
$0.51 - 1.00						1,498,780						$	0.73					6.39						811,494						$	0.74
$1.01 - 1.50						1,743,840						$	1.29					6.05						1,692,338						$	1.29
$1.51 - 2.00						940,408						$	1.67					7.78						633,534						$	1.66
$2.01 - 2.50						519,417						$	2.24					7.73						317,016						$	2.21
$2.51 - 3.00						535,958						$	2.59					3.80						535,958						$	2.59
$3.51 - 4.00						1,738,928						$	3.89					7.56						915,553						$	3.91
$4.01 - 4.50						475,000						$	4.13					4.25						475,000						$	4.13
$4.51 - 5.00						60,000						$	4.65					2.70						60,000						$	4.65
$5.01 and over						2,891,901						$	5.71					9.57						251,490						$	5.94
						10,404,232						3.17						7.39						5,692,383						2.36

Schedule of Options Vested and Intrinsic Value of Options Exercised

Other information pertaining to stock options for the Stock Plans for the three months ended June 30, 2020 and 2019, as stated in the table below, is as follows:

						June 30,
						2020						2019
Total fair value of options vested						$	1,305					$	394
Total intrinsic value of options exercised (a)						$	1,717					$	1,925

(a) The total intrinsic value of options exercised represents the total pre-tax intrinsic value (the difference between the stock price at exercise and the exercise price multiplied by the number of options exercised) that was received by the option holders who exercised their options during the three months ended June 30, 2020 and 2019.

Schedule of Market-based Assumptions

The assumptions utilized in this model for options granted during the three months ended June 30, 2020 are presented below.

						June 30, 2020
Risk-free interest rate						0.30% to 0.65%
Expected life of the options						5.02 to 9.89 years
Expected volatility						64% to 64%
Expected dividend yield						—%
Expected forfeitures						29% to 29%

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

+ Details

Name:	us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the changes in outstanding nonvested restricted stock units.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(2)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration