Share-based compensation (Tables)

6 Months Ended

Jun. 30, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Details of share options activity during the six months ended June 30, 2018 were as follows:

	Number of options			Weighted average exercise price per share		Weighted average remaining contractual term	Aggregate intrinsic value
Outstanding as of December 31, 2017		222,000		$	12.59	5.4 years	$	-
Expired		(85,000	)	$	9.15
Outstanding as of June 30, 2018		137,000		$	14.72	2.8 years	$	-
Options vested and expected to vest as of June 30, 2018		137,000		$	14.72	2.8 years	$	-
Options exercisable as of June 30, 2018		137,000		$	14.72	2.8 years	$	-

Unvested Balance of Options

The unvested balance of options is shown below for the six months ended June 30, 2018:

	Number of options			Weighted average exercise price per share		Weighted average remaining contractual term
Unvested as of December 31, 2017		47,500		$	8.96	7.9 years
Vested⁽¹⁾		(47,500	)	$	8.96
Unvested as of June 30, 2018		-		$	-		-

⁽¹⁾	As discussed in “Spin-off of red violet” above, the vesting of 47,500 shares of stock options was accelerated as a result of the Spin-off of red violet.

Schedule of Restricted Share Units, Common Stock Grants and Restricted Stock Activity

Details of unvested RSUs, common stock grants and restricted stock activity during the six months ended June 30, 2018 were as follows:

	Number of units			Weighted average grant-date fair value
Unvested as of December 31, 2017		8,150,905		$	9.27
Granted⁽¹⁾		4,368,125		$	2.65
Vested and delivered⁽²⁾		(11,455,574	)	$	7.63
Withheld as treasury stock⁽³⁾		(872,562	)	$	6.05
Vested not delivered⁽⁴⁾		3,761,068		$	9.86
Forfeited		(201,959	)	$	5.13
Unvested as of June 30, 2018		3,750,003		$	8.14

⁽¹⁾

As discussed in “Spin-off of red violet” above, among the RSUs granted during the six months ended June 30, 2018, there were an aggregate of 304,000 shares of Spin-off Grants that vested and were delivered in the first quarter of 2018, and an aggregate of 2,041,000 shares of Transaction Grants that vested but were subject to deferred delivery over a three-year period.

⁽²⁾	Among the shares vested and delivered during the six months ended June 30, 2018, there were 6,273,318 shares that were vested but deferred from prior periods. See (4) below.

⁽³⁾	As discussed in Note 8, the increase in treasury stock was due to shares withheld to pay statutory withholding taxes upon the vesting of RSUs during the first quarter of 2018. As of June 30, 2018, there were 1,225,085 outstanding shares withheld as treasury stock.

⁽⁴⁾

Vested not delivered represent vested RSUs or common stock grants with delivery deferred to a future time. During the six months ended June 30, 2018, there was a net decrease of 3,761,068 shares included in “vested not delivered,” as a result of the delivery of common stock underlying RSUs included in “vested not delivered” in prior periods. As of June 30, 2018, there were 2,914,917 outstanding shares of RSUs or common stock grants included in “vested not delivered.”

Schedule of Share-based Compensation

The share-based compensation for the Company’s stock options, RSUs, common stock grants and restricted stock were allocated to the following accounts in the condensed consolidated financial statements for the three and six months ended June 30, 2018 and 2017:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands)	2018		2017		2018		2017
Sales and marketing expenses	$	709	$	792	$	1,475	$	1,404
General and administrative expenses		1,905		7,302		2,378		13,544
Spin-off transaction costs		-		-		5,409		-
Discontinued operations		-		1,225		15,713		1,683
		2,614		9,319		24,975		16,631
Capitalized in intangible assets of continuing operations		124		133		283		188
Capitalized in intangible assets of discontinued operations		-		202		181		393
Total	$	2,738	$	9,654	$	25,439	$	17,212