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Share-based compensation (Tables)

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The key assumptions utilized to calculate the grant-date fair values for these awards are summarized below:

Key Assumptions
Grant date share price		$	4.64
Expected term		1.0 - 1.3 years
Expected volatility		65		%
Dividend yield		—		%
Risk-free rate		2.61		%

Schedule of Share Options Activity

Key Assumptions
Grant date share price		$	4.64
Expected term		1.0 - 1.3 years
Expected volatility		65		%
Dividend yield		—		%
Risk-free rate		2.61		%

For the three months ended March 31, 2019, details of stock option activity were as follows:

Unvested Balance of Options

The unvested balance of options is shown below for the three months ended March 31, 2019:

		Number of options			Weighted average exercise price per share				Weighted average remaining contractual term
Unvested as of December 31, 2018		—			$	—			—
Granted		2,030,000			$	4.64
Unvested as of March 31, 2019		2,030,000			$	4.64			9.8 years

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

For the three months ended March 31, 2019, details of unvested RSU, common stock and restricted stock activity were as follows:

		Number of units			Weighted average grant-date fair value
Unvested as of December 31, 2018		3,831,965			$	7.95
Granted		1,725,930			$	4.78
Vested and delivered		(755,977	)		$	5.02
Withheld as treasury stock (1)		(321,631	)		$	5.25
Vested not delivered (2)		(673,338	)		$	7.25
Forfeited		(48,791	)		$	3.39
Unvested as of March 31, 2019		3,758,158			$	7.50

(1) As discussed in Note 9, the increase in treasury stock was due to shares withheld to cover statutory withholding taxes upon the vesting of RSUs. As of March 31, 2019, there were 1,554,829 outstanding shares of treasury stock.

(2) Vested not delivered represent vested RSUs or common stock grants with delivery deferred to a future time. For the three months ended March 31, 2019, there was a net increase of 673,338 shares included in vested not delivered, as a result of the vesting of RSUs with deferred delivery elections. As of March 31, 2019, there were 3,583,255 outstanding RSUs or shares of common stock grants included in vested not delivered.

Schedule of Share-based Compensation

For the three months ended March 31, 2019 and 2018, share-based compensation for the Company's stock option, RSU, common stock and restricted stock awards were allocated to the following accounts in the condensed consolidated financial statements:

		Three Months Ended March 31,
(In thousands)		2019				2018
Sales and marketing		$	369			$	666
Product development		245				158
General and administrative		1,661				415
Spin-off transaction costs		—				5,409
Discontinued operations		—				15,713
Total share-based compensation expense		2,275				22,361
Capitalized in intangible assets of continuing operations		15				159
Capitalized in intangible assets of discontinued operations		—				181
Total share-based compensation		$	2,290			$	22,701

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Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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