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Employee Benefit Plans and Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
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, 2012, 2013 and 2014 (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, 2012
 
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
 
Granted
 
712
 
 
2.40
 
 
 
 
 
 
 
Exercised
 
(111
)
 
1.21
 
 
 
 
 
 
 
Canceled and expired
 
(74
)
 
5.18
 
 
 
 
 
 
 
Balance as of December 31, 2014
 
      3,198
 
$
3.12
 
 
6.95
 
$
1,247
 
Options vested and expected to vest as of December 31, 2014
 
3,198
 
$
3.12
 
 
6.95
 
$
1,247
 
Options exercisable as of December 31, 2014
 
1,859
 
$
3.46
 
 
5.48
 
$
821
 
Options outstanding and exercisable

The options outstanding and exercisable as of December 31, 2014 were in the following exercise price ranges (in thousands, except per share data):

Options Outstanding as of
December 31, 2014
Options Vested and
Exercisable as of
December 31, 2014
Range of
Exercise Price
Shares
Weighted-average
Exercise Price
Weighted-average
Remaining
Contractual Life
Shares
Weighted-Average
Exercise Price
$1.33 - $1.59
 
401
 
$
1.52
 
 
3.33
 
 
401
 
$
1.52
 
$1.91 - $1.91
 
4
 
$
1.91
 
 
0.87
 
 
4
 
$
1.91
 
$2.04 - $2.04
 
333
 
$
2.04
 
 
4.82
 
 
333
 
$
2.04
 
$2.14 - $2.29
 
252
 
$
2.26
 
 
9.40
 
 
0
 
$
0.00
 
$2.36 - $2.36
 
428
 
$
2.36
 
 
8.84
 
 
116
 
$
2.36
 
$2.47 - $2.47
 
460
 
$
2.47
 
 
9.84
 
 
0
 
$
0.00
 
$2.91 - $2.91
 
444
 
$
2.91
 
 
7.85
 
 
231
 
$
2.91
 
$3.18 - $4.09
 
29
 
$
3.85
 
 
6.31
 
 
20
 
$
3.84
 
$4.79 - $4.79
 
330
 
$
4.79
 
 
6.82
 
 
262
 
$
4.79
 
$4.81 - $7.82
 
517
 
$
5.79
 
 
5.17
 
 
492
 
$
5.80
 
 
3,198
 
$
3.12
 
 
6.95
 
 
1,859
 
$
3.46
 
Restricted stock awards

A summary of activity related to restricted stock awards for the years ended December 31, 2014, 2013 and 2012 is presented below:

Stock Awards
Shares
Weighted-Average
Grant Date
Fair Value
Non-vested as of January 1, 2012
 
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
 
Granted
 
121,044
 
$
2.34
 
Vested
 
(100,779
)
$
4.01
 
Non-vested as of December 31, 2014
 
261,497
 
$
2.71
 
Common stock reserved for future issuance

The following number of shares of common stock were reserved and available for future issuance at December 31, 2014:

Options outstanding
 
3,197,840
 
Restricted stock awards outstanding
 
261,497
 
Stock available for future grant: 2007 Equity Incentive Plan
 
1,002,898
 
   
 
 
 
Total
 
4,462,235
 
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,
2014
2013
2012
Stock-based compensation in the form of employee stock options and restricted stock, included in:
 
 
 
 
 
 
 
 
 
Cost of revenue
$
18
 
$
22
 
$
78
 
Selling, general and administrative
 
938
 
 
1,091
 
 
1,000
 
Research and development
 
173
 
 
164
 
 
137
 
Total stock-based compensation
 
1,129
 
 
1,277
 
 
1,215
 
Tax effect on stock-based compensation
 
 
 
 
 
 
Net effect on net income
$
1,129
 
$
1,277
 
$
1,215
 
Shares used in computing basic net income per share
 
32,452
 
 
32,700
 
 
32,144
 
Shares used in computing diluted net income per share
 
32,452
 
 
32,700
 
 
32,865
 
Effect on basic net income per share
$
(0.03
)
$
(0.04
)
$
(0.04
)
Effect on diluted net income per share
$
(0.03
)
$
(0.04
)
$
(0.04
)
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,
2014
2013
2012
Expected term (in years)
 
4.1
 
 
4.0
 
 
4.0
 
Volatility
 
63.20
%
 
59.20
%
 
72.87
%
Expected dividend
 
0
%
 
0
%
 
0
%
Risk-free interest rate
 
1.85
%
 
0.98
%
 
0.57
%