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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2014
Equity [Abstract]  
Summary of Stock Option Activity

Stock option activity for the three months ended March 31, 2014 is presented below (in thousands, except per share data):

 

     Number
of Shares
    Weighted -
Average

Exercise
Price Per
Share
     Weighted -
Average
Remaining
Contractual
Term (in years)
     Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2013

     1,734      $ 31.85         

Granted

     83        36.96         

Exercised

     (30     27.58         

Forfeited

     (15     33.65         
  

 

 

         

Outstanding at March 31, 2014

     1,772      $ 32.14         6.95       $ 7,076   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at March 31, 2014

     790      $ 28.96         4.92       $ 5,536   
  

 

 

   

 

 

    

 

 

    

 

 

 
Details of Restricted Stock Unit Activity

Restricted stock unit activity for the three months ended March 31, 2014 is presented below (in thousands, except per share data):

 

     Number of
Shares
    Weighted-
Average
Grant Date
Fair Value
 

Unvested at December 31, 2013

     372      $ 34.14   

Granted

     —       

Vested or settled

     —       

Forfeited

     (54     33.14   
  

 

 

   

Unvested at March 31, 2014

     318      $ 34.31   
  

 

 

   
Summary of Stock-Based Compensation Recorded in Expense Categories

Stock-based compensation was recorded in the following expense categories (in thousands):

 

     Three Months Ended
March 31,
 
     2014      2013  

Cost of services and fulfillment

   $ 1,073       $ 904   

Selling and marketing

     338         422   

General and administrative

     536         534   
  

 

 

    

 

 

 

Total

   $ 1,947       $ 1,860   
  

 

 

    

 

 

 
Assumptions for Valuation of Options Granted under Equity Incentive Plans and Shares Subject to Purchase under Employee Stock Purchase Plan

Options granted under the equity incentive plans and shares subject to purchase under the employee stock purchase plan were valued using the following assumptions:

 

    Three Months Ended
March 31, 2014
    Three Months Ended
March 31, 2013
 
    Equity Incentive
Plans
    Employee Stock
Purchase Plan
    Equity Incentive
Plans
    Employee Stock
Purchase Plan
 

Average risk-free interest rate

    1.65     0.08     0.81     0.11

Expected dividend yield

    1.8     1.8     2.1     2.1

Expected life

    5.1 Years        0.5 Years        4.5 Years        0.5 Years   

Expected volatility

    30     25     40     25

Weighted average fair value

  $ 8.79      $ 7.81      $ 7.72      $ 5.97