v2.4.0.8

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Stock-Based Compensation

Schedule of stock-based compensation expense included in the unaudited condensed consolidated statements of operations

		Three Months Ended June 30,						Six Months Ended June 30,
		2013			2014			2013			2014
		(in thousands)
Servicing and support		$	101		$	401		$	193		$	614
Technology and content development		40			226			63			309
Program marketing and sales		52			218			90			321
General and administrative		439			1,199			722			1,995
Total stock-based compensation expense		$	632		$	2,044		$	1,068		$	3,239

Summary of option activity

		Number of Options		Weighted-Average Exercise Price per Share			Weighted-Average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands)
Outstanding balance at December 31, 2013		5,883,885		$	3.53		7.45		$	36,884
Granted		1,284,191		11.12			9.31
Exercised		(464,803	)	2.20			5.68
Forfeited		(314,365	)	2.94
Expired		—		—
Outstanding balance at June 30, 2014		6,388,908		5.18			7.66		74,288
Exercisable at June 30, 2014		3,070,133		2.47			6.38		44,031
Vested and expected to vest at June 30, 2014		6,084,304		5.02			7.59		71,731

X

- 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://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

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-Publisher SEC

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-Section F



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-Publisher FASB

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X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

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