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Share-based compensation (Tables) | 6 Months Ended
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Jun. 30, 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
Exercise price |  | $ | 4.72 |
Expected term |  | 1.0 - 1.3 years |
Expected volatility |  | 65 | %
Dividend yield |  | — | %
Risk-free rate |  | 2.61 | %
Schedule of Share Options Activity | For the six months ended June 30, 2019, details of stock option activity 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, 2018 |  | 112,000 |  |  | $ | 13.98 |  |  | 2.8 years |  | $ | — |
Granted |  | 2,064,000 |  |  | $ | 4.72 |  |  | 9.6 years |  |
Forfeited |  | (56,000 | ) |  | $ | 4.72 |  |  |  |  |
Outstanding as of June 30, 2019 |  | 2,120,000 |  |  | $ | 5.20 |  |  | 9.2 years |  | $ | 1,303 |
Options exercisable as of June 30, 2019 |  | 112,000 |  |  | $ | 13.98 |  |  | 2.3 years |  | $ | 5 |
Unvested Balance of Options |
Schedule of Restricted Share Units, Common Stock Grants and Restricted Stock Activity | For the six months ended June 30, 2019, details of unvested RSU 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 |  | 1,835,930 |  |  | $ | 4.89 |
Vested and delivered |  | (1,456,902 | ) |  | $ | 4.03 |
Withheld as treasury stock (1) |  | (552,291 | ) |  | $ | 4.18 |
Vested not delivered (2) |  | 95,915 |  |  | $ | 4.78 |
Forfeited |  | (153,961 | ) |  | $ | 3.54 |
Unvested as of June 30, 2019 |  | 3,600,656 |  |  | $ | 7.76 |
(1) | As discussed in Note 9, the increase in treasury stock was due to shares withheld to cover statutory withholding taxes upon the delivery of shares following vesting of RSUs and issuance of restricted stock. As of June 30, 2019, there were 1,785,489 outstanding shares of treasury stock.
(2) | Vested not delivered represents vested RSUs with delivery deferred to a future time. For the six months ended June 30, 2019, there was a net decrease of 95,915 shares included in vested not delivered as a result of the delivery of Spin-off Grants of 740,334 shares, partially offset by the net activity from vesting of RSUs with deferred delivery of 644,419 shares. As of June 30, 2019, there were 2,814,002 outstanding RSUs included in vested not delivered.
Schedule of Share-based Compensation | For the three and six months ended June 30, 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 June 30, |  | Six Months Ended June 30,
(In thousands) |  | 2019 |  | 2018 |  | 2019 |  | 2018
Sales and marketing |  | $ | 160 |  |  | $ | 742 |  |  | $ | 529 |  |  | $ | 1,408 |
Product development |  | 277 |  |  | 193 |  |  | 522 |  |  | 351 |
General and administrative |  | 2,517 |  |  | 1,679 |  |  | 4,178 |  |  | 2,094 |
Spin-off transaction costs |  | — |  |  | — |  |  | — |  |  | 5,409 |
Discontinued operations |  | — |  |  | — |  |  | — |  |  | 15,713 |
Total share-based compensation expense |  | 2,954 |  |  | 2,614 |  |  | 5,229 |  |  | 24,975 |
Capitalized in intangible assets of continuing operations |  | 30 |  |  | 124 |  |  | 45 |  |  | 283 |
Capitalized in intangible assets of discontinued operations |  | — |  |  | — |  |  | — |  |  | 181 |
Total share-based compensation |  | $ | 2,984 |  |  | $ | 2,738 |  |  | $ | 5,274 |  |  | $ | 25,439 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=115993241&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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