Annual report pursuant to Section 13 and 15(d)

Benefit Plans (Tables)

v3.19.3.a.u2
Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 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 and members of our board of directors:
 
For the Years Ended December 31,
 
2019
 
2018
 
2017
Risk-free interest rate
2.4%
 
2.7%
 
1.8%
Expected life of options — years
3.41
 
4.38
 
4.59
Expected stock price volatility
26%
 
23%
 
24%
Expected dividend yield
0.8%
 
0.7%
 
0.7%

Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the years ended December 31, 2019, 2018 and 2017:
 
Options
 
Weighted-
Average
Exercise
Price Per Share
 
Weighted-
Average
Remaining
Contractual
Term (Years)
 
Aggregate
Intrinsic
Value
Outstanding at the beginning of January 1, 2017
333

 
$
3.50

 
 
 
 
Granted
26

 
$
5.49

 
 
 
 
Exercised
(73
)
 
$
3.21

 
 
 
 
Forfeited, cancelled or expired
(6
)
 
$
4.07

 
 
 
 
Outstanding as of December 31, 2017
280

 
$
3.76

 
 
 
 
Granted
32

 
$
6.59

 
 
 
 
Exercised
(65
)
 
$
3.35

 
 
 
 
Forfeited, cancelled or expired
(4
)
 
$
4.76

 
 
 
 
Outstanding as of December 31, 2018
243

 
$
4.22

 
 
 
 
Options granted in connection with Pandora Acquisition
7


$
3.85

 
 
 
 
Granted
15

 
$
6.10

 
 
 
 
Exercised
(53
)
 
$
3.65

 
 
 
 
Forfeited, cancelled or expired
(4
)
 
$
5.58

 
 
 
 
Outstanding as of December 31, 2019
208

 
$
4.46

 
5.58
 
$
560

Exercisable as of December 31, 2019
148

 
$
3.96

 
4.77
 
$
472


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 years ended December 31, 2019, 2018 and 2017:
 
Shares
 
Grant Date
Fair Value
Per Share
Nonvested at the beginning of January 1, 2017
30

 
$
4.03

Granted
12

 
$
5.35

Vested
(9
)
 
$
3.92

Forfeited
(2
)
 
$
4.42

Nonvested as of December 31, 2017
31

 
$
4.54

Granted
18

 
$
6.40

Vested
(13
)
 
$
4.43

Forfeited
(1
)
 
$
4.99

Nonvested as of December 31, 2018
35

 
$
5.50

Units granted in connection with Pandora Acquisition
48

 
$
5.83

Granted
38

 
$
6.01

Vested
(38
)
 
$
5.53

Forfeited
(8
)
 
$
5.85

Nonvested as of December 31, 2019
75

 
$
5.95