XML 37 R8.htm IDEA: XBRL DOCUMENT
v2.4.0.6

Stock-based Compensation Plans | 9 Months Ended
--- | ---
Sep. 30, 2012
Stock-based Compensation Plans [Abstract] |
Stock-based Compensation Plans | (3) Stock-based Compensation Plans The Company accounts for stock-based compensation for employees and non-employees under the fair value method. Stock-based compensation expense was included in the following operating expense categories as follows (in thousands):
|  | Nine months ended September 30, |  |  | Three months ended September 30, |
|  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2012 |
Service costs |  | $ | 924 |  |  | $ | 1,178 |  |  | $ | 325 |  |  | $ | 419 |
Sales and marketing |  |  | 1,101 |  |  |  | 2,353 |  |  |  | 461 |  |  |  | 278 |
Product development |  |  | 1,174 |  |  |  | 779 |  |  |  | 470 |  |  |  | 176 |
General and administrative |  |  | 8,210 |  |  |  | 8,129 |  |  |  | 2,696 |  |  |  | 2,842 |
Total stock-based compensation |  | $ | 11,409 |  |  | $ | 12,439 |  |  | $ | 3,952 |  |  | $ | 3,715 |
Income tax benefit related to stock-based compensation included in net income (loss) |  | $ | 3,989 |  |  | $ | 3,750 |  |  | $ | 1,800 |  |  | $ | 1,088 |
The per share fair value of time-vested stock options granted during the three and nine months ended September 30, 2011 and 2012 was determined on the date of grant using the Black-Scholes option-pricing model. The following weighted average assumptions were used in determining the fair value of time-vested stock option grants for the periods presented:
|  | Nine months ended September 30, |  |  | Three months ended September 30, |
|  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2012 |
Expected life (in years) |  |  | 4.0 |  |  |  | 4.0-6.25 |  |  |  | 4.0 |  |  |  | 4.0 |
Risk-free interest rate |  |  | 1.33 | % |  |  | 0.60 | % |  |  | 0.69 | % |  |  | 0.47 | %
Expected volatility |  |  | 69 | % |  |  | 70 | % |  |  | 70 | % |  |  | 69 | %
Expected dividend yield |  |  | 0.91 | % |  |  | 2.00 | % |  |  | 0.91 | % |  |  | 3.11 | %
Stock option activity during the nine months ended September 30, 2012 is summarized as follows:
|  | Shares |  |  | Weighted average exercise price |  |  | Weighted average remaining contractual term (in years) |  |  | Aggregate intrinsic value |
Balance at December 31, 2011 |  |  | 7,203,784 |  |  | $ | 8.24 |  |  |  | 6.81 |  |  | $ | 5,971 |
Options granted |  |  | 310,400 |  |  |  | 3.88 |  |  |  |  |  |  |  |  |
Options forfeited |  |  | (500,205 | ) |  |  | 7.10 |  |  |  |  |  |  |  |  |
Options expired |  |  | (367,157 | ) |  |  | 11.28 |  |  |  |  |  |  |  |  |
Options exercised |  |  | (6,556 | ) |  |  | 4.13 |  |  |  |  |  |  |  |  |
Balance at September 30, 2012 |  |  | 6,640,266 |  |  | $ | 7.96 |  |  |  | 6.35 |  |  | $ | 332 |
The Company issues restricted stock to employees for future services and in connection with acquisitions. Restricted stock award grants are generally measured at fair value on the date of grant based on the number of awards granted and the quoted price of the Company’s common stock. Restricted shares issued are accounted for under FASB ASC 718 using the straight-line method net of estimated forfeitures. The Company issues restricted stock units which entitle the holder to receive one share of the Company’s Class B common stock upon satisfaction of a combination of certain service and market conditions. No restricted stock units were granted during the nine months ended September 30, 2011 and 2012 that have vesting based on a combination of certain service and market conditions. Restricted stock awards and restricted stock units activity during the nine months ended September 30, 2012 is summarized as follows:
|  | Shares |  |  | Weighted average grant date fair value |
Unvested balance at December 31, 2011 |  |  | 4,289,024 |  |  | $ | 8.23 |
Granted |  |  | 923,250 |  |  |  | 3.62 |
Vested |  |  | (920,431 | ) |  |  | 6.14 |
Forfeited |  |  | (516,278 | ) |  |  | 7.57 |
Unvested balance at September 30, 2012 |  |  | 3,775,565 |  |  | $ | 7.70 |
In the second quarter of 2012 vesting of approximately 195,000 restricted shares were fully accelerated in connection with a separation agreement. In the third quarter of 2012, the Company repurchased 6,900 shares from certain executives for minimum withholding taxes on 26,000 restricted stock award vests. The number of shares repurchased was based on the value on the vesting date of the restricted stock awards equivalent to the value of the executives’ minimum withholding taxes of $24,000. The Company then remitted cash to the appropriate taxing authorities. The payments are reflected as a financing activity within the condensed consolidated statement of cash flows. The payments had the effect of share repurchases by the Company as they reduced the number of shares that would have otherwise been issued on the vesting date and were recorded as a reduction of additional paid in capital,

X
- Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration