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

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2018

 

2017

 

2018

 

2017

 

 

 

 

 

 

 

 

 

 

 

Network operations

 

$

549

 

$

552

 

$

1,602

 

$

1,660

 

Development and technology

 

323

 

275

 

915

 

825

 

Selling and marketing

 

511

 

524

 

1,377

 

1,589

 

General and administrative

 

1,772

 

2,333

 

5,333

 

6,942

 

 

 

 

 

 

 

 

 

 

 

Total stock-based compensation

 

$

3,155

 

$

3,684

 

$

9,227

 

$

11,016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

(871

)

$

11.21

 

 

 

 

 

Canceled/forfeited

 

(7

)

$

5.99

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding and exercisable at September 30, 2018

 

405

 

$

6.14

 

3.4

 

$

11,660

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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)

 

968

 

$

13.56

 

Vested

 

(969

)

$

8.67

 

Canceled/forfeited

 

(58

)

$

14.32

 

 

 

 

 

 

 

 

Non-vested at September 30, 2018

 

3,265

 

$

8.68

 

 

 

 

 

 

 

 

 

 

(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 nine months ended September 30, 2018.