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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity

The following table summarizes stock option activity:

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

Aggregate

 

 

 

Stock

 

 

Remaining

 

 

Weighted-

 

 

Intrinsic

 

 

 

Options

 

 

Term

 

 

Average

 

 

Value

 

 

 

Outstanding

 

 

(in years)

 

 

Exercise Price

 

 

(in thousands)

 

Outstanding at January 1, 2017

 

 

3,402,481

 

 

 

7.9

 

 

$

9.02

 

 

 

 

 

Granted

 

 

1,124,542

 

 

 

 

 

 

$

15.88

 

 

 

 

 

Exercised

 

 

(22,989

)

 

 

 

 

 

$

7.36

 

 

 

 

 

Cancelled

 

 

(128,105

)

 

 

 

 

 

$

11.36

 

 

 

 

 

Outstanding at December 31, 2017

 

 

4,375,929

 

 

 

7.4

 

 

$

10.73

 

 

$

95,937

 

Vested at December 31, 2017

 

 

1,851,799

 

 

 

6.5

 

 

$

7.99

 

 

$

45,705

 

Exercisable at December 31, 2017

 

 

388,040

 

 

 

0.8

 

 

$

4.33

 

 

$

10,989

 

 

Schedule of Assumptions Used to Estimate the Fair Value of Stock Options Granted

The following assumptions were used to estimate the fair value of stock options granted:

 

 

Year Ended December 31,

 

 

2017

 

 

2016

 

 

2015

 

Expected dividend yield

 

 

 

 

 

 

 

 

Risk-free interest rate

2.21 – 2.47%

 

 

1.43 – 2.40%

 

 

2.18 – 2.36%

 

Expected term (in years)

 

10

 

 

 

10

 

 

 

10

 

Expected volatility

29.07 – 34.43%

 

 

24.03 – 26.95%

 

 

27.24 – 27.60%

 

 

Summary of RSU

The following table summarizes RSU activity:

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

 

Restricted

 

 

Weighted

 

 

Fair Value

 

 

 

Stock

 

 

Average

 

 

of Shares

 

 

 

Units

 

 

Grant Date

 

 

Vested

 

 

 

Outstanding

 

 

Fair Value

 

 

(in thousands)

 

Outstanding at January 1, 2016

 

 

 

 

 

 

 

 

 

 

Granted

 

 

141,296

 

 

$

12.57

 

 

 

 

 

Outstanding at December 31, 2016

 

 

141,296

 

 

$

12.57

 

 

 

 

 

Granted

 

 

62,791

 

 

$

27.87

 

 

 

 

 

Vested

 

 

(111,660

)

 

$

12.57

 

 

$

2,556

 

Cancelled

 

 

(29,636

)

 

$

12.57

 

 

 

 

 

Outstanding at December 31, 2017

 

 

62,791

 

 

$

27.87

 

 

 

 

 

 

Summary of Share-based Compensation Costs by Award Type

The following table summarizes share-based compensation costs by award type:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Stock options

 

$

5,135

 

 

$

3,717

 

 

$

809

 

Restricted stock units

 

 

3,619

 

 

 

161

 

 

 

 

Total share-based compensation costs

 

$

8,754

 

 

$

3,878

 

 

$

809