Quarterly report pursuant to Section 13 or 15(d)

Stock Options and Warrants (Tables)

v3.3.0.814
Stock Options and Warrants (Tables)
9 Months Ended
Sep. 30, 2015
Equity [Abstract]  
Schedule of Stock Options, Valuation Assumptions
Fair values of the stock options at September 30, 2015 and 2014 were determined using the Black-Scholes model and the following weighted average assumptions:
 
Nine Months Ended September 30,
 
2015
 
2014
Common stock price on grant date
$12.90
 
$11.42
Expected life (in years)
3.8

 
4.0

Risk-free interest rate
1.30
%
 
1.54
%
Expected stock volatility
43
%
 
59
%
Expected dividend yield
%
 
%
Fair value of stock options granted
$4.41
 
$5.15
Schedule of Share-based Compensation, Stock Options, Activity
Stock option activity for the nine months ended September 30, 2015 is as follows:

 
Shares (in thousands)
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Term (in years)
 
Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2015
5,771

 
$
10.64

 

 


Granted
1,443

 
12.94

 

 
 
Exercised
(557
)
 
9.82

 

 
 
Forfeited
(867
)
 
11.13

 

 
 
Outstanding at September 30, 2015
5,790

 
$
11.22

 
4.01
 
$
4,998

Vested and expected to vest at September 30, 2015
5,126

 
$
11.13

 
3.87
 
$
4,685

Exercisable at September 30, 2015
2,259

 
$
10.60

 
3.08
 
$
2,740

Schedule of Nonvested Restricted Stock Units Activity
The following summarizes select information regarding our RSUs during the nine months ended September 30, 2015:

 
Units (in thousands)
 
Weighted Average Grant Date Fair Value
 
Aggregate Intrinsic Value (in thousands)
Outstanding at January 1, 2015
59

 
$
12.90

 
 
Granted
408

 
12.88

 
 
Vested
(48
)
 
12.90

 
 
Forfeited
(13
)
 
12.98

 
 
Balance nonvested at September 30, 2015
406

 
12.88

 
$
4,658

Vested and expected to vest at September 30, 2015
295

 
$
12.89

 
$
3,391

Schedule of Share-based Compensation Expense Allocation
Stock-based compensation expense related to all employee and non-employee stock-based awards for the three and nine months ended September 30, 2015 and 2014 was as follow, (in thousands):

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2014
 
2015
 
2014
Cost of services
$
81

 
$
6

 
$
246

 
$
6

Sales and marketing expenses
177

 
14

 
540

 
14

Product development
262

 
53

 
771

 
53

General and administrative
1,627

 
1,823

 
4,691

 
6,412

Total stock-based compensation expense
$
2,147

 
$
1,896

 
$
6,248

 
$
6,485

Schedule of Share-based Compensation, Warrants, by Exercise Price Range
The following is a summary of non-public warrants outstanding as of September 30, 2015 that the Company assumed in the Business Combination:


Weighted Average Exercise Price per Warrant
 
Number of Warrants (as converted) (in thousands)
 
Weighted Average Remaining Life
(in years)
Common stock warrants
$
8.79

 
690

 
1.47
Series C Preferred stock warrants
8.74

 
734

 
1.68
Schedule of Share-based Compensation, Warrants, Activity
Public warrants activity for the nine months ended September 30, 2015 is as follows:
Global Eagle Warrants
 
Number of Warrants (in thousands)
 
Weighted Average Exercise price
 
Weighted Average Remaining Contractual Term (in years)
Outstanding at January 1, 2015
 
10,149

 
$
11.50

 
 
Exercises and exchanges
 
(3,065
)
 
11.50

 
 
Outstanding and exercisable at September 30, 2015
 
7,084

 
$
11.50

 
2.34