Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

v3.6.0.2
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Share-Based Compensation Expense
Share-based compensation was recognized as follows in the consolidated statement of income (in thousands):
 
December 31,
 
2016
 
2015
 
2014
Cost of revenue
$
219

 
$
156

 
$
143

Marketing and selling
821

 
808

 
977

Research and development
1,515

 
1,264

 
664

General and administrative
6,453

 
4,725

 
4,278

Total expense
9,008

 
6,953

 
6,062

Stock Options Activity
Stock Option Activity—Stock option activity under the stock awards plans for the year ended December 31, 2016 is summarized as follows:  
 
Number of
Shares
 
Weighted
Average
Exercise Price
Outstanding, December 31, 2015 (737,032 shares exercisable at a weighted average exercise price of $14.40 per share)
1,105,182

 
$
15.07

Granted

 
$

Exercised
(151,142
)
 
$
15.01

Forfeited
(18,600
)
 
$
17.62

Expired
(2,500
)
 
$
16.78

Outstanding, December 31, 2016 (816,691 shares exercisable at a weighted average exercise price of $14.54 per share)
932,940

 
$
15.02

Restricted Stock Awards Activity
Restricted Stock Awards Activity—The following table summarizes the activity for restricted stock awards during the year ended December 31, 2016:  
 
Shares
 
Weighted
Average
Grant
Date Fair
Value
Unvested at December 31, 2015
535,208

 
$
24.87

Granted
205,234

 
$
44.22

Vested
(212,811
)
 
$
19.75

Forfeited
(21,242
)
 
$
26.69

Unvested at December 31, 2016
506,389

 
$
34.82

Restricted Stock Units Activity
Restricted Stock Units Activity—The following table summarizes restricted stock units activity for the year ended December 31, 2016:  
 
Shares
 
Weighted
Average
Grant
Date Fair
Value
Outstanding at December 31, 2015
45,483

 
$
24.57

Awarded
11,860

 
$
45.23

Released
(24,687
)
 
$
21.52

Forfeited
(2,753
)
 
$
26.42

Outstanding at December 31, 2016
29,903

 
$
34.39