Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.19.3.a.u2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Weighted Average Assumptions Used in Estimating Fair Value of Stock Options

 

 

 

As of December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Valuation assumptions:

 

 

 

 

 

 

 

 

 

 

 

 

Expected dividend yield

 

 

0

%

 

 

0

%

 

 

0

%

Expected volatility

 

 

40.78

%

 

 

37.60

%

 

 

39.37

%

Expected term (years)

 

 

5.96

 

 

 

5.86

 

 

 

6.06

 

Risk-free interest rate

 

 

2.1

%

 

 

2.6

%

 

 

1.9

%

 

Summary of Outstanding Stock Option Activity

A summary of the Company’s stock option activity is as follows (shares in thousands):

 

 

Number

of shares

 

 

Weighted

average

exercise

price

 

 

Weighted

average

remaining contractual term

 

Balance at December 31, 2018

 

 

1,407

 

 

$

8.73

 

 

 

 

 

Granted

 

 

782

 

 

 

11.77

 

 

 

 

 

Exercised

 

 

(176

)

 

 

4.20

 

 

 

 

 

Expired/Forfeited

 

 

(413

)

 

 

11.45

 

 

 

 

 

Balance at December 31, 2019

 

 

1,600

 

 

 

9.98

 

 

 

7.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable at December 31, 2019

 

 

746

 

 

$

8.39

 

 

 

6.6

 

Vested and expected to vest at December 31, 2019

 

 

1,600

 

 

$

9.98

 

 

 

7.8

 

Summary of Outstanding Restricted Stock Unit Activity The following table summarizes the Company’s Restricted Stock Unit activity (shares in thousands):

 

 

Restricted stock units

 

 

Weighted average grant date fair value

 

Non-vested balance at December 31, 2018

 

 

4

 

 

$

13.67

 

Grants

 

 

96

 

 

 

11.35

 

Vested

 

 

(1

)

 

 

13.67

 

Forfeitures

 

 

(18

)

 

 

11.35

 

Non-vested balance at December 31, 2019

 

 

80

 

 

 

11.43