Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation and Employee Benefit Plans (Tables)

v3.7.0.1
Stock-Based Compensation and Employee Benefit Plans (Tables)
 6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
The Company recognizes stock-based compensation in the consolidated statements of income, based on the department to which the related employee reports, as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
 
(in thousands)
 
(in thousands)
Cost of net revenue
$
79

 
$
51

 
$
138

 
$
94

Research and development
4,011

 
3,305

 
7,504

 
6,584

Selling, general and administrative
3,024

 
1,746

 
4,946

 
3,533

Restructuring
4,514

 
—

 
4,514

 
—

 
$
11,628

 
$
5,102

 
$
17,102

 
$
10,211

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
 
Number of Shares
(in thousands)
 
Weighted-Average Grant-Date Fair Value per Share
Outstanding at December 31, 2016
3,670

 
$
14.67

Granted
1,046

 
29.02

Assumed in acquisition
250

 
31.12

Vested
(1,013
)
 
15.65

Canceled
(255
)
 
18.78

Outstanding at June 30, 2017
3,698

 
19.29

Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
 
Six Months Ended
 
June 30, 2017
Weighted-average grant date fair value per share
$
7.46

Risk-free interest rate
1.02
%
Dividend yield
—
%
Expected life (in years)
0.50

Volatility
30.00
%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the Company’s stock options activity is as follows:
 
Number of Options
(in thousands)
 
Weighted-Average Exercise Price
 
Weighted-Average Contractual Term (in years)
 
Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2016
3,025

 
$
6.78

 
 
 
 
Assumed in acquisition
1,135

 
17.44

 
 
 
 
Exercised
(677
)
 
8.81

 
 
 
 
Canceled
(124
)
 
16.96

 
 
 
 
Outstanding at June 30, 2017
3,359

 
$
9.60

 
3.04
 
$
61,513

Vested and expected to vest at June 30, 2017
3,324

 
$
9.54

 
3.01
 
$
61,099

Exercisable at June 30, 2017
2,613

 
$
7.94

 
2.40
 
$
52,213