Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v3.19.1
Benefit Plans (Tables)
 3 Months Ended
Mar. 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:
 
For the Three Months Ended March 31,
 
2019
 
2018
Risk-free interest rate
2.5%
 
2.4%
Expected life of options — years
3.36
 
3.57
Expected stock price volatility
26%
 
21%
Expected dividend yield
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 three months ended March 31, 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
(4
)
 
$
3.58

 
 
 
 
Forfeited, cancelled or expired
(1
)
 
$
5.48

 
 
 
 
Outstanding as of March 31, 2019
258

 
$
4.30

 
6.15
 
$
386

Exercisable as of March 31, 2019
150

 
$
3.66

 
5.05
 
$
303

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 three months ended March 31, 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
11

 
$
5.92

Vested
(13
)
 
$
5.82

Forfeited
(2
)
 
$
5.79

Nonvested as of March 31, 2019
79

 
$
5.69