XML 23 R33.htm IDEA: XBRL DOCUMENT v2.4.0.8
Employee Benefit Plans and Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Employee Benefit Plans and Stock-based Compensation [Abstract]  
Summary of stock option activity
The following summarizes our stock option activity under the 2007 Plan, and the related weighted average exercise price within each category for each of the years ended December 31, 2011, 2012, and 2013 (in thousands, except per share data):
 
Stock Options
 
Number of
Options
Outstanding
  
Weighted‑
average
Exercise
Price
  
Weighted‑
average
Remaining
Contractual
Life
  
Aggregate
Intrinsic
Value
 
 
 
  
  
(in years)
  
 
Balance as of January 1, 2011
  
2,280
  $
3.10
   
6.40
  
$
17,030
 
Granted
  
367
   
4.79
         
Exercised
  
(251
)
  
2.54
         
Canceled and expired
  
(16
)
  
27.98
         
Balance as of December 31, 2011
  
2,380
   
3.25
   
6.25
  
$
3,456
 
Granted
  
592
   
3.32
         
Exercised
  
(136
)
  
2.17
         
Canceled and expired
  
(109
)
  
4.25
         
Balance as of December 31, 2012
  
2,727
   
3.28
   
6.71
  
$
1,353
 
Granted
  
488
   
2.38
         
Exercised
  
(331
)
  
1.62
         
Canceled and expired
  
(213
)
  
3.60
         
Balance as of December 31, 2013
  
2,671
  
$
3.29
   
6.71
  
$
893
 
Options vested and expected to vest as of December 31, 2013
  
2,649
  
$
3.30
   
6.68
  
$
889
 
Options exercisable as of December 31, 2013
  
1,666
  
$
3.34
   
5.33
  
$
786
 
Options outstanding and exercisable
The options outstanding and exercisable as of December 31, 2013 were in the following exercise price ranges (in thousands, except per share data):
 
 
 
Options Outstanding as of
December 31, 2013
  
Options Vested and
Exercisable as of
December 31, 2013
 
Range of
Exercise Price
 
Shares
  
Weighted‑average
Exercise Price
  
Weighted‑average
Remaining
Contractual Life
  
Shares
  
Weighted‑Average
Exercise Price
 
$1.18 ‑ $1.34
  
216
  
$
1.26
   
1.17
   
216
  
$
1.26
 
$1.59 ‑ $1.59
  
296
  
$
1.59
   
5.34
   
296
  
$
1.59
 
$1.91 ‑ $1.91
  
4
  
$
1.91
   
1.87
   
4
  
$
1.91
 
$2.04 ‑ $2.04
  
333
  
$
2.04
   
5.82
   
333
  
$
2.04
 
$2.36 ‑ $2.36
  
428
  
$
2.36
   
9.84
   
0
  
$
0.00
 
$2.91 ‑ $2.91
  
444
  
$
2.91
   
8.85
   
120
  
$
2.91
 
$3.14 ‑ $4.09
  
42
  
$
3.66
   
5.06
   
28
  
$
3.53
 
$4.79 ‑ $4.79
  
341
  
$
4.79
   
7.59
   
189
  
$
4.79
 
$4.81 ‑ $5.61
  
142
  
$
5.27
   
5.69
   
97
  
$
5.11
 
$5.83 ‑ $7.82
  
425
  
$
5.96
   
5.61
   
383
  
$
5.96
 
 
  
2,671
  
$
3.29
   
6.71
   
1,666
  
$
3.34
Restricted stock awards
A summary of activity related to restricted stock awards for the years ended December 31, 2011, 2012 and 2013 is presented below:
 
Stock Awards
 
Shares
  
Weighted‑Average
Grant Date
Fair Value
 
Non-vested as of January 1, 2011
  
218,405
  
$
3.30
 
Granted
  
97,986
  
$
5.21
 
Vested
  
(93,264
)
 
$
2.51
 
Non-vested as of December 31, 2011
  
223,127
  
$
4.47
 
Granted
  
113,768
  
$
3.18
 
Vested
  
(98,172
)
 
$
3.42
 
Non-vested as of December 31, 2012
  
238,723
  
$
4.27
 
Granted
  
103,636
  
$
2.52
 
Vested
  
(85,127
)
 
$
4.56
 
Forfeited
  
(16,000
)
 
$
4.03
 
Non-vested as of December 31, 2013
  
241,232
  
$
3.44
 
Common stock reserved for future issuance
The following number of shares of common stock were reserved and available for future issuance at December 31, 2013:
 
 
 
 
Options outstanding
  
2,670,528
 
Restricted stock awards outstanding
  
241,232
 
Stock available for future grant: 2007 Equity Incentive Plan
  
1,785,504
 
Total
  
4,697,264
 
Compensation costs related to stock-based awards
The following table summarizes compensation costs related to our stock‑based compensation awards (in thousands, except per share data):
 
 
 
Years Ended December 31,
 
 
 
2013
  
2012
  
2011
 
Stock‑based compensation in the form of employee stock options and restricted stock, included in:
 
  
  
 
Cost of revenue
 
$
22
  
$
78
  
$
84
 
Selling, general and administrative
  
1,091
   
1,000
   
766
 
Research and development
  
164
   
137
   
46
 
Total stock‑based compensation
  
1,277
   
1,215
   
896
 
Tax effect on stock‑based compensation
  
   
   
 
Net effect on net income
 
$
1,277
  
$
1,215
  
$
896
 
Shares used in computing basic net income per share
  
32,700
   
32,144
   
31,872
 
Shares used in computing diluted net income per share
  
32,700
   
32,865
   
33,061
 
Effect on basic net income per share
 
$
(0.04
)
 
$
(0.04
)
 
$
(0.03
)
Effect on diluted net income per share
 
$
(0.04
)
 
$
(0.04
)
 
$
(0.03
)
Weighted-average assumptions
The fair value of options granted was estimated at the date of grant using the following weighted‑average assumptions:
 
 
 
Years Ended
December 31,
 
 
 
2013
  
2012
  
2011
 
Expected term (in years)
  
4.0
   
4.0
   
4.0
 
Volatility
  
59.20
%
  
72.87
%
  
69.84
%
Expected dividend
  
0
%
  
0
%
  
0
%
Risk-free interest rate
  
0.98
%
  
0.57
%
  
1.00
%