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Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Stock-based Compensation  
Compensation costs related to stock-based awards

The following table summarizes compensation costs related to our stock-based awards (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2017

    

2016

    

2017

    

2016

 

Cost of revenue

 

$

 7

 

$

 5

 

$

22

 

$

15

 

Selling, general and administrative

 

 

280

 

 

238

 

 

788

 

 

651

 

Research and development

 

 

52

 

 

38

 

 

151

 

 

123

 

Total stock-based compensation

 

 

339

 

 

281

 

 

961

 

 

789

 

Tax effect on stock-based compensation

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Net effect on net income

 

$

339

 

$

281

 

$

961

 

$

789

 

 

Weighted-average assumptions

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

 

 

September 30, 

 

September 30, 

 

 

 

 

    

2017

    

2017

    

 

 

Expected term (in years)

 

 —

 

5.9

 

 

 

Volatility

 

 —

%  

46.71

%  

 

 

Expected dividend

 

 —

%  

 —

%  

 

 

Risk-free interest rate

 

 —

%  

2.08

%  

 

 

 

Summary of stock option activity

The following table summarizes the stock option transactions during the nine months ended September 30, 2017 (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

    

 

    

 

 

    

average

    

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

 

 

 

 

 

Number of

 

average

 

Contractual

 

Aggregate

 

 

 

Options

 

Exercise

 

Life

 

Intrinsic

 

Stock Options

    

Outstanding

    

Price

    

(in years)

    

Value

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of January 1, 2017

 

3,294

 

$

3.38

 

7.23

 

$

5,301

 

Granted

 

60

 

 

5.95

 

 

 

 

 

 

Exercised

 

(481)

 

 

3.17

 

 

 

 

 

 

Canceled and expired

 

(24)

 

 

3.31

 

 

 

 

 

 

Balance as of September 30, 2017

 

2,849

 

$

3.47

 

6.98

 

$

16,173

 

Options vested as of September 30, 2017 and unvested options expected to vest, net of forfeitures

 

2,806

 

$

3.46

 

6.95

 

$

15,964

 

Options exercisable as of September 30, 2017

 

1,591

 

$

3.26

 

5.83

 

$

9,366

 

 

Restricted stock awards

A summary of activity related to restricted stock awards for the nine months ended September 30, 2017 is presented below (in thousands, except per share data):

 

 

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

 

 

 

Grant Date

 

Stock Awards

    

Shares

    

Fair Value

 

Non-vested as of January 1, 2017

 

325

 

$

3.27

 

Granted

 

71

 

$

7.96

 

Vested

 

(74)

 

$

3.22

 

Forfeited

 

 —

 

$

 —

 

Non-vested as of  September 30, 2017

 

322

 

$

4.32