v3.10.0.1
Stock incentive plans (Tables)
6 Months Ended
Jun. 30, 2018
Stock incentive plans  
Schedule of stock-based compensation expense

 

 

 

Three Months Ended
June 30,

 

Six Months Ended
June 30,

 

 

 

2018

 

2017

 

2018

 

2017

 

 

 

 

 

 

 

 

 

 

 

Network operations

 

$

516

 

$

562

 

$

1,053

 

$

1,108

 

Development and technology

 

314

 

280

 

592

 

550

 

Selling and marketing

 

393

 

639

 

866

 

1,065

 

General and administrative

 

1,723

 

2,807

 

3,561

 

4,609

 

 

 

 

 

 

 

 

 

 

 

Total stock-based compensation

 

$

2,946

 

$

4,288

 

$

6,072

 

$

7,332

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of stock option activity

 

 

 

Number of
Options
(000’s)

 

Weighted
Average
Exercise
Price

 

Weighted-
Average
Remaining
Contract
Life
(years)

 

Aggregate
Intrinsic
Value

 

Outstanding at December 31, 2017

 

1,283

 

$

9.58

 

3.8

 

$

16,573

 

Exercised

 

(735

)

$

11.50

 

 

 

 

 

Canceled/forfeited

 

(7

)

$

5.99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding and exercisable at June 30, 2018

 

541

 

$

7.02

 

3.6

 

$

8,426

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of RSU activity

 

 

 

Number of Shares
(000’s)

 

Weighted Average
Grant-Date Fair
Value

 

Non-vested at December 31, 2017

 

3,324

 

$

7.35

 

Granted(2)

 

912

 

$

12.61

 

Vested

 

(824

)

$

8.32

 

Canceled/forfeited

 

(41

)

$

13.50

 

 

 

 

 

 

 

 

Non-vested at June 30, 2018

 

3,371

 

$

8.46

 

 

 

 

 

 

 

 

 

(2)   The RSUs granted to all of our named executive officers in 2016 were subject to satisfaction of specified service-based and performance-based conditions. The performance objectives were subject to under- or over- achievement on a sliding scale, with a threshold of 50% of the target number of RSUs and a maximum of 150% of the target RSUs. In February 2018, our Compensation Committee determined actual achievement of the 2016 performance-based RSUs resulting in additional RSUs granted of approximately 520,000 at a grant-date fair value of $6.13 per share during the six months ended June 30, 2018.