v3.19.1
Stock incentive plans (Tables)
3 Months Ended
Mar. 31, 2019
Stock incentive plans  
Schedule of stock-based compensation expense

 

 

 

 

 

 

 

                                                                                                                                       

 

Three Months Ended

 

 

March 31, 

 

    

2019

    

2018

Network operations

 

$

506

 

$

537

Development and technology

 

 

303

 

 

278

Selling and marketing

 

 

529

 

 

473

General and administrative

 

 

1,006

 

 

1,838

Total stock-based compensation expense

 

$

2,344

 

$

3,126

 

Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

                                                                                                                     

    

 

    

 

 

    

Weighted-

    

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted

 

Remaining

 

 

 

 

 

Number of

 

Average

 

Contract

 

Aggregate

 

 

Options

 

Exercise

 

Life

 

Intrinsic

 

    

 (000’s)

    

Price

    

 (years)

    

Value

Outstanding at December 31, 2018

 

304

 

$

7.49

 

3.8

 

$

3,970

Exercised

 

(4)

 

$

2.01

 

 

 

 

 

Canceled/forfeited

 

 —

 

$

 —

 

 

 

 

 

Outstanding and exercisable at March 31, 2019

 

300

 

$

7.55

 

3.6

 

$

4,766

 

Summary of RSU activity

                                                                                                                                                                                

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

Number of Shares

 

Grant-Date Fair

 

    

(000’s)

    

Value

Non-vested at December 31, 2018

 

3,119

 

$

8.60

Granted(1)

 

517

 

$

23.36

Vested

 

(2,656)

 

$

6.58

Canceled/forfeited

 

(10)

 

$

25.51

Non-vested at March 31, 2019

 

970

 

$

21.80


(1)

The RSUs granted to all of our named executive officers in 2017 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 2019, our Compensation Committee determined actual achievement of the 2017 performance-based RSUs resulting in additional RSUs granted of approximately 29,000 at a grant-date fair value of $11.94 per share during the three months ended March 31, 2019.