v2.4.0.8

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Stock-Based Compensation

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

		Three Months Ended September 30,						Nine Months Ended September 30,
		2013			2014			2013			2014
		(in thousands)
Servicing and support		$	79		$	436		$	272		$	1,050
Technology and content development		39			269			102			578
Program marketing and sales		41			191			131			512
General and administrative		480			1,351			1,202			3,346
Total stock-based compensation expense		$	639		$	2,247		$	1,707		$	5,486

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		1,314,970		11.22			9.06
Exercised		(552,137	)	2.21			5.45
Forfeited		(364,061	)	3.53
Expired		—		—
Outstanding balance at September 30, 2014		6,282,657		5.23			7.48		64,938
Exercisable at September 30, 2014		3,212,353		2.65			6.28		41,563
Vested and expected to vest at September 30, 2014		6,030,608		5.12			7.43		63,172

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

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-SubTopic 10

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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

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

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