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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 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 (in thousands):

 

 

 

Years ended December 31,

 

 

 

2019

 

 

2020

 

Service costs

 

$

113

 

 

$

36

 

Sales and marketing

 

 

469

 

 

 

1,041

 

Product development

 

 

233

 

 

 

358

 

General and administrative

 

 

2,000

 

 

 

2,172

 

Total stock-based compensation

 

$

2,815

 

 

$

3,607

 

Assumptions to Estimate Fair Value for Stock Options at Grant Date

The following assumptions were used in determining the fair value of time-vested stock options granted for the periods indicated:

 

 

 

Years ended December 31,

 

 

2019

 

2020

Expected life (in years)

 

4.00-6.25

 

4.00-6.25

Risk-free interest rate

 

1.57% - 2.22%

 

0.17% - 1.22%

Expected volatility

 

39% to 50%

 

46% - 54%

Weighted average expected volatility

 

38%

 

52%

Stock Option, Restricted Stock Award, and Restricted Stock Unit Activity Stock option, restricted stock award, and restricted stock unit activity during the period is as follows:

 

 

 

Options and

Restricted

Stock

available for

grant

(in thousands)

 

 

Number of

options

outstanding

(in thousands)

 

 

Weighted

average

exercise

price

of options

 

 

Weighted

average

remaining

contractual

term

(in years)

 

 

Aggregate

intrinsic value

(in thousands)

 

Balance at December 31, 2019

 

 

11,566

 

 

 

4,782

 

 

$

4.80

 

 

 

5.82

 

 

$

1,585

 

Increase to pool January 1, 2020

 

 

2,214

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options granted

 

 

(760

)

 

 

760

 

 

$

2.29

 

 

 

 

 

 

 

 

 

Restricted stock granted

 

 

(560

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock forfeited

 

 

21

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options cancelled

 

 

1,472

 

 

 

(1,472

)

 

 

5.81

 

 

 

 

 

 

 

 

 

Options expired

 

 

477

 

 

 

(477

)

 

$

5.12

 

 

 

 

 

 

 

 

 

Options forfeited

 

 

133

 

 

 

(133

)

 

$

3.48

 

 

 

 

 

 

 

 

 

Balance at December 31, 2020

 

 

14,563

 

 

 

3,460

 

 

$

3.82

 

 

 

6.50

 

 

$

27

 

Options exercisable at December 31, 2020

 

 

 

 

 

 

1,934

 

 

$

4.51

 

 

 

5.10

 

 

$

 

Information Related to Stock Compensation Activity

Information related to stock compensation activity during the period indicated is as follows:

 

 

 

Years ended December 31,

 

 

 

2019

 

 

2020

 

Weighted average fair value of options granted

 

$

1.62

 

 

$

1.08

 

Intrinsic value of options exercised (in thousands)

 

$

496

 

 

$

-

 

Total grant date fair value of restricted stock vested

   (in thousands)

 

$

1,545

 

 

$

2,666

 

 

Summary of Restricted Stock Awards and Restricted Stock Units

Restricted stock awards and restricted stock unit activity during the period is as follows:

 

 

 

Shares/

Units

(in thousands)

 

 

Weighted Average

Grant Date

Fair Value

 

Unvested at December 31, 2019

 

 

1,786

 

 

$

3.70

 

Granted

 

 

560

 

 

 

2.26

 

Vested

 

 

(693

)

 

 

3.79

 

Forfeited

 

 

(21

)

 

 

2.72

 

Unvested at December 31, 2020

 

 

1,632

 

 

 

3.18