v3.19.2
Stock-Based Compensation (Tables)
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6 Months Ended |
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Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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Schedule of stock-based compensation expense |
The Company's stock-based compensation expense is allocated as follows in its condensed consolidated statements of operations:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | | | Six Months Ended | | | | | June 30, | | | | June 30, | | | | | 2019 | | 2018 | | 2019 | | 2018 | | | (in thousands) | | | | | | | Cost of net revenue | | $ | 844 | | $ | 943 | | $ | 1,736 | | $ | 1,942 | Technology and development | | 2,268 | | 2,571 | | 4,566 | | 5,001 | Sales and marketing | | 3,574 | | 2,941 | | 7,039 | | 6,445 | General and administrative | | 4,821 | | 5,242 | | 10,204 | | 10,001 | | | | | | | | | | Total stock-based compensation | | $ | 11,507 | | $ | 11,697 | | $ | 23,545 | | $ | 23,389 |
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Summary of the status of the company's stock option plan |
| | | | | | | | | | | | | | | | | | | | | | | | | Number of Options Outstanding (in thousands) | | Weighted-Average Exercise Price | | Weighted-Average Remaining Contractual Term (years) | | Aggregate Intrinsic Value (in thousands) | Balance as of December 31, 2018 | 1,405 | | $ | 53.44 | | | | | Granted | — | | $ | — | | | | | Exercised | (25) | | $ | 40.04 | | | | | Forfeited, cancelled or expired | (63) | | $ | 51.86 | | | | | Balance as of June 30, 2019 | 1,317 | | $ | 53.77 | | 3.0 | | $ | 3,122 | Options vested and expected to vest as of June 30, 2019 | 1,099 | | $ | 54.09 | | 3.1 | | $ | 2,671 | Options vested as of June 30, 2019 | 679 | | $ | 50.91 | | 1.9 | | $ | 1,791 |
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Summary of valuation assumptions for stock options |
The assumptions used to value options granted during the six months ended June 30, 2018 are as follows (there were no option awards granted during the three and six months ended June 30, 2019 and the three months ended June 30, 2018): | | | | | | | | | | | | | | | Six Months Ended | | | | | | June 30, | | | | | | 2018 | Dividend yield | | | | | — | Annual risk-free rate of return | | | | | 2.6 | % | Expected volatility | | | | | 33.7 | % | Expected term (years) | | | | | 4.1 |
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Summary of company restricted stock unit activity |
A summary of the Company’s RSU activity, including service-based awards, PBRSUs, and MSUs for the six months ended June 30, 2019, is as follows:
| | | | | | | | | | | | | Number of Units Outstanding (in thousands) | | Weighted-Average Grant Date Fair Value | Awarded and unvested as of December 31, 2018 | 1,941 | | $ | 56.91 | Granted | 1,357 | | $ | 45.84 | Vested | (684) | | $ | 52.84 | Forfeited | (147) | | $ | 54.02 | Awarded and unvested as of June 30, 2019 | 2,467 | | $ | 52.11 | RSUs expected to vest as of June 30, 2019 | 1,965 | | |
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- DefinitionTabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.
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- DefinitionTabular disclosure of the changes in outstanding nonvested restricted stock units.
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- DefinitionTabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.
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- DefinitionTabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.
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