XML 26 R14.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Stock-Based Compensation Plans | 6 Months Ended
--- | ---
Jun. 30, 2016
Stock-Based Compensation Plans [Abstract] |
Stock-Based Compensation Plans | ﻿ (8) Stock-based Compensation Plans ﻿ Effective May 19, 2004, the Company adopted its 2004 Incentive Stock Plan, as further amended and restated on February 3, 2015 (the “2004 Stock Plan”), and its 2004 Restricted Stock Plan for Non-Employee Directors, as further amended and restated on April 1, 2013 (the “Director Plan”). On May 19, 2015, the Company’s stockholders approved the 2015 Incentive Plan of 3D Systems Corporation (the “2015 Plan” and, together with the 2004 Stock Plan, the “Incentive Plans”). The 2004 Stock Plan authorizes shares of restricted stock, restricted stock units, stock appreciation rights and the grant of options to purchase shares of the Company’s common stock. The 2004 Stock Plan also designates measures that may be used for performance awards. ﻿ The Director Plan authorizes shares of restricted stock for non-employee directors of the Company. ﻿ The 2015 Plan authorizes shares of restricted stock, restricted stock units, stock appreciation rights, cash incentive awards and the grant of options to purchase shares of the Company’s common stock. The 2015 Plan also designates measures that may be used for performance awards. ﻿ Generally, awards granted prior to November 13, 2015 become fully-vested on the three-year anniversary of the grant date and awards granted after November 13, 2015 will vest one third each year over three years. ﻿ The Company records stock-based compensation expense in selling, general and administrative expenses in the condensed consolidated statements of operations and comprehensive income (loss). Stock-based compensation expense fo r the quarters and six months ended June 30, 2016 and 2015 was as follows: ﻿ ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | Quarter Ended June 30, |  | Six Months Ended June 30,
﻿(in thousands) | 2016 |  | 2015 |  | 2016 |  | 2015
﻿Stock-based compensation expense | $ | 7,226 |  | $ | 9,721 |  | $ | 18,893 |  | $ | 20,050
﻿ Restricted Stock ﻿ The number of shares and units of restricted common stock awarded and the weighted average fair value per share and unit for the quarters and six months ended June 30, 2016 and 2015 were as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Quarter Ended June 30,
﻿ |  | 2016 |  |  | 2015
﻿(in thousands, except per share amounts) |  | Number of Shares/Units |  | Weighted Average Fair Value |  |  | Number of Shares/Units |  | Weighted Average Fair Value
﻿Restricted stock awards granted under the: |  |  |  |  |  |  |  |  |  |  |
﻿Incentive Plans — non-executive employees, service condition |  | 85 |  | $ | 12.33 |  |  | 226 |  | $ | 22.68
﻿Incentive Plans — non-executive employees, market and service condition |  | 46 |  |  | 12.33 |  |  | — |  |  | —
﻿Incentive Plans — executive officers, service condition |  | 150 |  |  | 15.12 |  |  | 25 |  |  | 22.61
﻿Incentive Plans — executive officers, market and service condition |  | 75 |  |  | 15.12 |  |  | — |  |  | —
﻿Incentive Plans — non-employee directors |  | 39 |  |  | 12.78 |  |  | — |  |  | —
﻿Director Plan — non-employee directors |  | 24 |  |  | 12.78 |  |  | 24 |  |  | 22.61
﻿Total restricted stock awards |  | 419 |  | $ | 13.90 |  |  | 275 |  | $ | 22.67
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Six Months Ended June 30,
﻿ |  | 2016 |  |  | 2015
﻿(in thousands, except per share amounts) |  | Number of Shares/Units |  | Weighted Average Fair Value |  |  | Number of Shares/Units |  | Weighted Average Fair Value
﻿Restricted stock awards granted under the: |  |  |  |  |  |  |  |  |  |  |
﻿Incentive Plans — non-executive employees, service condition |  | 85 |  | $ | 12.33 |  |  | 439 |  | $ | 25.86
﻿Incentive Plans — non-executive employees, market and service condition |  | 46 |  |  | 12.33 |  |  | — |  |  | —
﻿Incentive Plans — executive officers, service condition |  | 150 |  |  | 15.12 |  |  | 85 |  |  | 27.50
﻿Incentive Plans — executive officers, market and service condition |  | 75 |  |  | 15.12 |  |  | — |  |  | —
﻿Incentive Plans — non-employee directors |  | 64 |  |  | 10.79 |  |  | — |  |  | —
﻿Director Plan — non-employee directors |  | 24 |  |  | 12.78 |  |  | 24 |  |  | 22.61
﻿Total restricted stock awards |  | 444 |  | $ | 13.55 |  |  | 548 |  | $ | 26.00
Stock Options ﻿ The Company estimates the fair value of stock options and restricted stock awards with market conditions using a binomial lattice Monte Carlo simulation model. The weighted-average fair value and the assumptions used to measure fair value were as follows: ﻿ ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | Quarter Ended June 30, |  | Six Months Ended June 30,
﻿ | 2016 |  | 2015 |  | 2016 |  | 2015
﻿Stock option assumptions: |  |  |  |  |  |  |  |  |  |  |
﻿Weighted-average fair value | $ | 7.54 |  | $ | — |  | $ | 7.54 |  | $ | —
﻿Expected volatility |  | 60.0% |  |  | — |  |  | 60.0% |  |  | —
﻿Risk-free interest rate |  | 0.76%-1.46% |  |  | — |  |  | 0.76%-1.46% |  |  | —
﻿Expected dividend yield |  | 0% |  |  | — |  |  | 0% |  |  | —
﻿Derived term in years |  | 3-4 |  |  | — |  |  | 3-4 |  |  | —
﻿ Stock option activity for the six months ended June 30, 2016 was as follows: ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Six Months Ended June 30, 2016 |  |
﻿(in thousands, except per share amounts) |  | Number of Shares |  | Weighted Average Exercise |  |  | Weighted Average Remaining Term (in years) |  |
﻿Stock option activity: |  |  |  |  |  |  |  |  |  |  |
﻿Outstanding at beginning of period |  | — |  | $ | — |  |  |  |  |  |
﻿Granted |  | 720 |  |  | 14.27 |  |  |  |  |  |
﻿Exercised |  | — |  |  | — |  |  |  |  |  |
﻿Forfeited and expired |  | — |  |  | — |  |  |  |  |  |
﻿Outstanding at end of period |  | 720 |  | $ | 14.27 |  |  | 10 |  |  |
﻿Exercisable at end of period |  | 720 |  | $ | 14.27 |  |  | 10 |  |  |
﻿ ﻿

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51659978&loc=d3e25284-112666 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration