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Stock Based Compensation
6 Months Ended
Jun. 30, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock Based Compensation

7. Stock Based Compensation

During the six months ended June 30, 2017, the Company issued 636,730 restricted stock units at a weighted average grant-date fair value of $16.67 per share. As of June 30, 2017, the Company had 1,675,608 restricted stock units outstanding at a weighted average grant-date fair value of $11.77 per share. As of June 30, 2017, $12.8 million of total restricted stock unit compensation expense related to unvested awards had not been recognized and is expected to be recognized over a weighted average period of approximately 1.9 years.

During the quarter ended June 30, 2017, 182,279 shares of common stock subject to vesting requirements were issued. These shares were issued to settle the equity portion of the closing consideration to the sellers in the acquisition of Jibe Consulting in May 2017 and will vest over four years. See Note 12 “Acquisitions” for further details. As of June 30, 2017, the Company had 531,024 shares of common stock subject to vesting requirements outstanding at a weighted average grant-date fair value of $12.85 per share. As of June 30, 2017, $5.3 million of compensation expense related to common stock subject to vesting requirements had not been recognized and is expected to be recognized over a weighted average period of approximately 2.1 years.