Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v2.4.1.9
Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2015
Compensation And Retirement Disclosure [Abstract]  
Fair value of options granted to employees and members of our board of directors

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 Three Months Ended March 31,

 

 

 

2014

 

Risk-free interest rate

 

 

1.3%

 

Expected life of options — years

 

3.98

 

Expected stock price volatility

 

 

36%

 

Expected dividend yield

 

 

0%

 

 
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, 2015:

 

 

 

Options

 

 

Weighted-

Average

Exercise

Price Per Share

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding as of December 31, 2014

 

 

267,854

 

 

$

2.72

 

 

 

 

 

 

 

 

 

Granted

 

 

—

 

 

$

—

 

 

 

 

 

 

 

 

 

Exercised

 

 

(14,654

)

 

$

1.65

 

 

 

 

 

 

 

 

 

Forfeited, cancelled or expired

 

 

(3,856

)

 

$

5.64

 

 

 

 

 

 

 

 

 

Outstanding as of March 31, 2015

 

 

249,344

 

 

$

2.73

 

 

 

6.96

 

 

$

287,147

 

Exercisable as of March 31, 2015

 

 

105,475

 

 

$

2.26

 

 

 

5.10

 

 

$

180,876

 

 
Summary of restricted stock unit activity

The following table summarizes the nonvested restricted stock unit activity under our share-based plans for the three months ended March 31, 2015:

 

 

 

Shares

 

 

Grant Date

Fair Value

Per Share

 

Nonvested as of December 31, 2014

 

 

11,575

 

 

$

3.47

 

Granted

 

 

—

 

 

$

—

 

Vested

 

 

—

 

 

$

—

 

Forfeited

 

 

(99

)

 

$

3.46

 

Nonvested as of March 31, 2015

 

 

11,476

 

 

$

3.47