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Stock-based Compensation Plans (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Stock-based Compensation Expense Included in Operating Expense

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,

 

 

 

 

2019

 

 

2020

 

 

2019

 

 

2020

 

 

Service costs

 

$

131

 

 

$

42

 

 

$

36

 

 

$

10

 

 

Sales and marketing

 

 

529

 

 

 

898

 

 

 

180

 

 

 

291

 

 

Product development

 

 

215

 

 

 

287

 

 

 

72

 

 

 

96

 

 

General and administrative

 

 

1,275

 

 

 

1,615

 

 

 

535

 

 

 

481

 

 

Total stock-based compensation

 

$

2,150

 

 

$

2,842

 

 

$

823

 

 

$

878

 

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

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,

 

2019

 

2020

 

2019

 

2020

Expected life (in years)

4.0 - 6.25

 

4.0 - 6.25

 

4.0 - 6.25

 

4.0

Risk-free interest rate

1.57%-2.22%

 

.17%-1.22%

 

1.57%-1.59%

 

.22%

Expected volatility

39%-50%

 

46%-53%

 

40%-50%

 

53%

Summary of Stock Option

Stock option activity during the nine months ended September 30, 2020 is summarized as follows:

 

 

 

Shares

(in thousands)

 

 

Weighted average

exercise price

 

 

Weighted average

remaining

contractual term

(in years)

 

 

Balance at December 31, 2019

 

 

4,782

 

 

$

4.80

 

 

 

5.82

 

 

Options granted

 

 

288

 

 

 

2.77

 

 

 

 

 

 

Options forfeited

 

 

(119

)

 

 

3.47

 

 

 

 

 

 

Options expired

 

 

(352

)

 

 

4.83

 

 

 

 

 

 

Balance at September 30, 2020

 

 

4,599

 

 

$

4.70

 

 

 

5.51

 

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the nine months ended September 30, 2020 is summarized as follows:

 

 

 

Shares/

Units

(in thousands)

 

 

Weighted average

grant date

fair value

 

Unvested balance at December 31, 2019

 

 

1,786

 

 

$

3.70

 

Granted

 

 

175

 

 

 

2.92

 

Vested

 

 

(420

)

 

 

3.48

 

Forfeited

 

 

(21

)

 

 

2.72

 

Unvested balance at September 30, 2020

 

 

1,520

 

 

$

3.69