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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Options and Awards

Awards granted other than an option or stock appreciation right shall reduce the common stock shares available for grant by 1.75 shares for every share issued.

 

     December 31,  
    

2014

 

Common stock shares available for grant

     2,247,565   

Common stock options outstanding

     3,536,157   

Restricted stock awards outstanding

     35,364   

Restricted stock units outstanding

     564,891   
Schedule of Employee Stock Purchase Plan

The intrinsic value listed below is calculated as the difference between the market value on the date of purchase and the purchase price of the shares.

 

    

Year Ended

December 31,

2014

 

Shares purchased under ESPP

     38,298   

Average price of shares purchased under ESPP

   $ 9.95   

Intrinsic value of shares purchased under ESPP

   $     107,000   
Schedule of Standard and Market-based Stock Options Activity

The following table sets forth the summary of option activity under the Company’s stock option plans for the years ended December 31, 2014, 2013, and 2012:

 

    Number
of Shares
    Weighted
Average
Exercise Price
    Weighted
Average
Fair Value
Of Options
Granted
    Aggregate
Intrinsic
Value
of Options
Exercised
(In thousands)
 

Outstanding at January 1, 2012

    3,267,838      $ 6.61       

Granted

    425,150        6.10      $ 3.35     

Exercised

    (231,403     4.52        $ 443   

Forfeited

    (47,959     5.89       

Expired

    (257,995     7.32       
 

 

 

       

Outstanding at December 31, 2012

    3,155,631        6.65       

Granted

    1,058,700        10.20        5.63     

Exercised

    (956,633     6.68          5,774   

Forfeited

    (10,531     8.24       

Expired

    (20,000     9.01       
 

 

 

       

Outstanding at December 31, 2013

    3,227,167        7.78       

Granted

    604,620        10.32        4.93     

Exercised

    (205,744     6.34          1,125   

Forfeited

    (102,454     7.20       

Expired

    (37,432     10.19       
 

 

 

       

Outstanding at December 31, 2014

    3,486,157        8.30       
 

 

 

       

 

 The following table sets forth the summary of the market-based option activity under the Company’s stock option plans for the year ended December 31, 2014:

 

    Number
    of  Shares    
    Weighted
Average
Exercise
    Price    
    Weighted
Average
Fair Value
Of Options
     Granted    
    Aggregate
Intrinsic
Value
of Options
Exercised
  (In thousands)  
 

Outstanding at January 1, 2014

    0      $ 0.00       

Granted

    50,000        11.94        5.71     

Exercised

    0        0.00          0   

Forfeited

    0        0.00       

Expired

    0        0.00       
 

 

 

       

Outstanding at December 31, 2014

    50,000        11.94       
 

 

 

       
Schedule of Information Regarding Standard and Market Condition Based Stock Options Outstanding

Information regarding standard stock options outstanding at December 31, 2014, 2013, and 2012 is summarized below:

 

     Number  of
Shares
     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life (years)
     Aggregate
Intrinsic
Value
(In millions)
 

December 31, 2012

           

Options outstanding

     3,155,631       $         6.65         5.24       $         3.5   

Options vested and expected to vest using estimated forfeiture rates

     3,019,979         6.67         5.17         3.4   

Options exercisable

     2,329,987         6.91         4.69         2.5   

December 31, 2013

           

Options outstanding

     3,227,167       $ 7.78         5.46       $ 9.9   

Options vested and expected to vest using estimated forfeiture rates

     2,994,044         7.61         5.41         9.6   

Options exercisable

     1,774,546         6.67         4.95         7.5   

December 31, 2014

           

Options outstanding

     3,486,157       $ 8.30         4.85       $ 6.6   

Options vested and expected to vest using estimated forfeiture rates

     3,319,308         8.21         4.80         6.6   

Options exercisable

     2,023,024         7.18         4.26         6.0   

Information regarding these market condition based stock options outstanding at December 31, 2014 is summarized below:

 

    Number of
       Shares      
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
    Life (years)     
    Aggregate
Intrinsic
Value
  (In millions)  
 

December 31, 2014

       

Options outstanding

    50,000      $ 11.94        6.15      $ 0.0   

Options vested and expected to vest using estimated forfeiture rates

    45,430        11.94        6.15        0.0   

Options exercisable

    0        0.00        0.00        0.0   
Additional Information Regarding Options Outstanding

Additional information regarding standard options outstanding as of December 31, 2014 is as follows:

 

     Options Outstanding      Options Exercisable  

Range of

Exercise

  Prices

   Number
Outstanding
     Weighted
Average
Remaining
Contractual
Life (Years)
     Weighted
Average
Exercise
Price
     Number
Exercisable
     Weighted
Average
Exercise
Price
 

$  2.70 - $3.81

     20,297         4.21       $ 2.88         20,297       $ 2.88   

      3.85 - 3.85

     600,000         4.87         3.85         600,000         3.85   

      4.24 - 6.12

     578,769         4.09         5.86         467,289         5.83   

      6.23 - 8.61

     453,931         4.39         7.44         366,187         7.43   

      8.71 - 9.20

     315,030         5.47         9.16         101,572         9.10   

      9.53 - 9.53

     850,000         5.18         9.53         229,374         9.53   

      9.65 - 13.61

     355,130         6.07         11.64         18,218         12.58   

  13.65 - 14.80

     203,000         4.80         14.15         110,087         14.31   

  15.12 - 15.12

     10,000         2.62         15.12         10,000         15.12   

  16.57 - 16.57

     100,000         2.74         16.57         100,000         16.57   
  

 

 

          

 

 

    

$2.70 - $16.57

     3,486,157         4.85       $     8.30         2,023,024       $         7.18   
  

 

 

          

 

 

    

 

Additional information regarding market condition based stock options outstanding as of December 31, 2014 is as follows:

 

     Options Outstanding      Options Exercisable  

Range of

Exercise

  Prices

   Number
Outstanding
     Weighted
Average
Remaining
Contractual
Life (Years)
     Weighted
Average
Exercise
Price
     Number
Exercisable
     Weighted
Average
Exercise
Price
 

$  11.94 - $11.94

         50,000         6.15       $     11.94                 0       $     0.00   
  

 

 

          

 

 

    
Schedule of Restricted Stock Units Activity

RSU activity for the years ended December 31, 2014, 2013, and 2012 was as follows:

 

     Number
     of Shares    
    Weighted
Average
Grant Date
    Fair Value    
     Fair Value
of Released
RSU’s
     (In thousands)    
 

Outstanding at January 1, 2012

     407,765        

Awarded

     555,911      $ 6.64      

Released

     (203,519      $ 1,128   

Forfeited

     (51,506     
  

 

 

      

Outstanding at December 31, 2012

     708,651        

Awarded

     294,150        7.12      

Released

     (303,882        2,806   

Forfeited

     (30,863     
  

 

 

      

Outstanding at December 31, 2013

     668,056        

Awarded

     265,630        11.35      

Released

     (317,970        3,491   

Forfeited

     (50,825     
  

 

 

      

Outstanding at December 31, 2014

     564,891        
  

 

 

      
Schedule of Information Regarding Restricted Stock Units Outstanding

Information regarding RSU’s at December 31, 2014, 2013, and 2012 is summarized below:

 

    Number of
       Shares      
    Weighted
Average
Remaining
Contractual
    Life (years)     
    Aggregate
Intrinsic
Value

   (In millions)  
    Fair Value
  (In millions)  
 

December 31, 2012

       

RSUs outstanding

    708,651        1.09      $             4.9      $                 4.9   

RSUs vested and expected to vest using estimated forfeiture rates

    588,170        1.05      $ 4.0     

December 31, 2013

       

RSUs outstanding

    668,056        0.91      $ 6.9      $ 6.9   

RSUs vested and expected to vest using estimated forfeiture rates

    583,711        0.89      $ 6.1     

December 31, 2014

       

RSUs outstanding

    564,891        0.84      $ 5.3      $ 5.3   

RSUs vested and expected to vest using estimated forfeiture rates

    502,411        0.80      $ 4.8     
Schedule of Restricted Stock Awards Activity

Restricted stock award activity for the years ended December 31, 2014, 2013, and 2012 was as follows:

 

     Number
     of Shares    
     Weighted
Average
Grant Date
Fair Value
     Total
Fair
Value of
Awards
Released
(In thousands)
 

Outstanding at January 1, 2012

     18,000       $             6.61      

Awarded

     57,750         5.70      

Released

     (31,750      6.72       $     171   

Forfeited

     0         
  

 

 

       

Outstanding at December 31, 2012

     44,000         5.34      

Awarded

     44,000         14.09      

Released

     (44,000      5.34         676   

Forfeited

     0         
  

 

 

       

Outstanding at December 31, 2013

     44,000         14.09      

Awarded

     35,364         10.97      

Released

     (44,000      14.09         483   

Forfeited

     0         
  

 

 

       

Outstanding at December 31, 2014

     35,364         10.97      
  

 

 

       
Schedule of Stock Options, Market Condition Based Stock Options and Employee Stock Purchase Plan, Valuation Assumptions

The assumptions used to value option grants under the Company’s stock plans are as follows:

 

         Standard Stock Options      
    

2014

   

2013

   

2012

 

Expected life (in years)

     4.7        4.9        4.5   

Interest rate

     1.4     0.8     0.7

Volatility

     57     70     70

Dividend yield

     0.0     0.0     0.0

 

     Market Condition Based Stock Options  
    

2014

 

Expected life (in years)

     7.0   

Interest rate

     2.2

Volatility

     66

Dividend yield

     0.0

 

         Employee Stock Purchase Plan      
    

2014

   

2013

   

2012

 

Expected life (in years)

     0.5        0.5        0.5   

Interest rate

     0.1     0.1     0.1

Volatility

     43     67     62

Dividend yield

     0.0     0.0     0.0
Schedule of Stock-Based Compensation

Total stock-based compensation recognized in the consolidated statements of operations is as follows:

 

    

Year Ended December 31,

 
    

2014

    

2013

    

2012

 

Income Statement Classifications

   (In thousands)  

Sales and marketing

   $ 1,117       $ 747       $ 547   

Research and development

     1,267         1,040         756   

General and administrative

     2,911         2,857         1,843   
  

 

 

    

 

 

    

 

 

 

Total

   $             5,295       $             4,644       $             3,146