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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2018
Equity [Abstract] |
Stockholders' Equity | Note 9 — Stockholders’ Equity Equity Plans Restricted stock unit activity for the six months ended June 30, 2018 is presented below (in thousands, except per share data):
|  |  |  |  |  | Weighted- |
|  |  |  |  |  | Average |
|  | Number of |  |  | Grant Date |
|  | Shares |  |  | Fair Value |
Unvested at December 31, 2017 |  |  | 509 |  |  | $ | 37.59 |
Granted |  |  | 34 |  |  |  | 40.66 |
Vested |  |  | (25 | ) |  |  | 36.56 |
Forfeited |  |  | (23 | ) |  |  | 37.07 |
Unvested at June 30, 2018 |  |  | 495 |  |  | $ | 37.88 |
Stock option activity for the six months ended June 30, 2018 is presented below (in thousands, except per share data and contractual term):
|  |  |  |  |  | Weighted - |  |  | Weighted - |  |  |  |  |
|  |  |  |  |  | Average |  |  | Average |  |  |  |  |
|  |  |  |  |  | Exercise |  |  | Remaining |  |  | Aggregate |
|  | Number |  |  | Price Per |  |  | Contractual |  |  | Intrinsic |
|  | of Shares |  |  | Share |  |  | Term (in years) |  |  | Value |
Outstanding at December 31, 2017 |  |  | 937 |  |  | $ | 35.10 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Exercised |  |  | (82 | ) |  |  | 33.66 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (11 | ) |  |  | 35.02 |  |  |  |  |  |  |  |  |
Outstanding at June 30, 2018 |  |  | 844 |  |  | $ | 35.24 |  |  |  | 5.55 |  |  | $ | 5,658 |
Exercisable at June 30, 2018 |  |  | 605 |  |  | $ | 35.24 |  |  |  | 4.99 |  |  | $ | 4,055 |
Vested and expected to vest at June 30, 2018 |  |  | 844 |  |  | $ | 35.24 |  |  |  | 5.55 |  |  | $ | 5,658 |
In May 2018, stockholders of the Company approved an amendment to the Company’s Amended and Restated Employee Stock Purchase Plan, which provided for an additional 400,000 shares of Common Stock, par value $0.01 per share, to be granted under the plan. Stock-Based Compensation Forrester recognizes the fair value of stock-based compensation in net income over the requisite service period of the individual grantee, which generally equals the vesting period. Stock-based compensation was recorded in the following expense categories (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Cost of services and fulfillment |  | $ | 1,108 |  |  | $ | 1,103 |  |  | $ | 2,127 |  |  | $ | 2,299 |
Selling and marketing |  |  | 246 |  |  |  | 202 |  |  |  | 491 |  |  |  | 364 |
General and administrative |  |  | 754 |  |  |  | 891 |  |  |  | 1,453 |  |  |  | 1,582 |
Total |  | $ | 2,108 |  |  | $ | 2,196 |  |  | $ | 4,071 |  |  | $ | 4,245 |
Forrester utilizes the Black-Scholes valuation model for estimating the fair value of shares subject to purchase under the employee stock purchase plan, which were valued using the following assumptions:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Average risk-free interest rate |  |  | 1.92 | % |  |  | 0.88 | % |  |  | 1.62 | % |  |  | 0.74 | %
Expected dividend yield |  |  | 2.0 | % |  |  | 1.9 | % |  |  | 2.0 | % |  |  | 1.9 | %
Expected life |  | 0.5 Years |  |  | 0.5 Years |  |  | 0.5 Years |  |  | 0.5 Years |
Expected volatility |  |  | 22 | % |  |  | 28 | % |  |  | 22 | % |  |  | 26 | %
Weighted average fair value |  | $ | 8.49 |  |  | $ | 8.49 |  |  | $ | 8.50 |  |  | $ | 8.21 |
Dividends In the six months ended June 30, 2018, the Company declared and paid dividends of $7.2 million consisting of a $0.20 per share dividend in each of the first two quarters of 2018. In the six months ended June 30, 2017, the Company declared and paid dividends of $6.8 million consisting of a $0.19 per share dividend in each of the first two quarters of 2017. In July 2018, the Company declared a dividend of $0.20 per share payable on September 26, 2018 to shareholders of record as of September 12, 2018. Treasury Stock As of June 30, 2018, Forrester’s Board of Directors had authorized an aggregate $535.0 million to purchase common stock under its stock repurchase program including $50.0 million authorized in February 2018. The shares repurchased may be used, among other things, in connection with Forrester’s equity incentive and purchase plans. In the three and six months ended June 30, 2018, the Company repurchased approximately 0.1 and 0.2 million shares, respectively, of common stock at an aggregate cost of approximately $5.3 and $9.6 million, respectively. In the three and six months ended June 30, 2017, the Company repurchased approximately 0.4 and 1.0 million shares, respectively, of common stock at an aggregate cost of approximately $15.0 and $36.5 million, respectively. From the inception of the program through June 30, 2018, the Company repurchased 16.3 million shares of common stock at an aggregate cost of $474.6 million.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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