Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v3.19.2
Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2019
Retirement Benefits [Abstract]  
Fair value of options granted
The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees:
 
For the Three Months Ended June 30,
 
For the Six Months Ended June 30,
 
2019
 
2018
 
2019
 
2018
Risk-free interest rate
2.1%
 
2.6%
 
2.5%
 
2.5%
Expected life of options — years
3.99
 
3.48
 
3.36
 
3.54
Expected stock price volatility
34%
 
22%
 
26%
 
22%
Expected dividend yield
0.9%
 
0.6%
 
0.8%
 
0.7%

Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the six months ended June 30, 2019:
 
Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2018
243

 
$
4.22

 
 
 
 
Options granted in connection with Pandora Acquisition
7


$
3.85

 
 
 
 
Granted
13

 
$
6.00

 
 
 
 
Exercised
(8
)
 
$
3.16

 
 
 
 
Forfeited, cancelled or expired
(3
)
 
$
5.45

 
 
 
 
Outstanding as of June 30, 2019
252

 
$
4.32

 
5.89
 
$
354

Exercisable as of June 30, 2019
151

 
$
3.72

 
4.88
 
$
284


Summary of restricted stock unit and stock award activity
The following table summarizes the restricted stock unit, including PRSU, activity under our share-based plans for the six months ended June 30, 2019:
 
Shares
 
Grant Date
Fair Value
Per Share
Nonvested as of December 31, 2018
35

 
$
5.50

Units granted in connection with Pandora Acquisition
48

 
$
5.83

Granted
12

 
$
5.84

Vested
(18
)
 
$
5.78

Forfeited
(4
)
 
$
5.78

Nonvested as of June 30, 2019
73

 
$
5.68