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STOCK-BASED COMPENSATION - Note 7

3 Months Ended

Jun. 30, 2018

Equity [Abstract]

STOCK-BASED COMPENSATION - Note 7

7. STOCK-BASED COMPENSATION

The following table summarizes information pertaining to the stock-based compensation expense from stock options and stock awards (in thousands, except weighted-average grant-date fair value and recognition period):

			Three Months Ended
			June 30,
			2018			2017
Cost of service revenue		$	458		$	391
Cost of product revenue			-			-
Research and development			2,194			1,337
Sales and marketing			3,845			2,647
General and administrative			2,414			1,976
Total		$	8,911		$	6,351

			Three Months Ended
			June 30,
			2018			2017
Stock options outstanding at the beginning of the period:			3,998			4,462
Options granted			81			35
Options exercised			(115)			(101)
Options canceled and forfeited			(73)			(48)
Options outstanding at the end of the period:			3,891			4,348
Weighted-average fair value of grants during the period		$	8.57		$	4.93
Total intrinsic value of options exercised during the period		$	1,186		$	792
Weighted-average remaining recognition period at period-end (in years)			2.35			1.92
Stock awards outstanding at the beginning of the period:			5,939			4,950
Stock awards granted			948			370
Stock awards exercised			(299)			(189)
Stock awards canceled and forfeited			(168)			(128)
Stock awards outstanding at the end of the period:			6,420			5,003
Weighted-average fair value of grants during the period		$	22.20		$	13.50
Weighted-average remaining recognition period at period-end (in years)			2.40			2.45
Total unrecognized compensation expense at period-end		$	67,025		$	46,171

Stock Repurchases

In May 2017, the Company's board of directors authorized the Company to purchase $25.0 million of its common stock from time to time under the 2017 Repurchase Plan (the "2017 Plan"). The 2017 Plan expires when the maximum purchase amount is reached, or upon the earlier revocation or termination by the board of directors. The remaining amount available under the 2017 Plan at June 30, 2018 was approximately $7.1 million. There were no stock repurchases under the 2017 Plan during the three month period ended June 30, 2018.

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- References

No definition available.

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- Definition

The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI http://asc.fasb.org/topic&trid=2208762

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-URI http://asc.fasb.org/topic&trid=2228938

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