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Component: (Network and Table)
Network
100320 - Disclosure - Stock-Based Compensation (Tables)
(http://www.connecture.com/20161231/taxonomy/role/DisclosureStockBasedCompensationTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001211759 (http://www.sec.gov/CIK)
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
 
Summary of Stock Option Activity

Stock Options—A summary of stock option activity for the years ended December 31, 2016 and 2015 is presented below:

 

 

 

Number of

Shares

 

 

Average

Exercise

Price(a)

 

 

Average Life

(Years)(b)

 

 

Aggregate

Intrinsic

Value

 

Outstanding — January 1, 2015

 

 

1,838,082

 

 

$

1.93

 

 

 

7.39

 

 

 

 

 

Granted

 

 

699,600

 

 

$

9.72

 

 

 

 

 

 

 

 

 

Exercised

 

 

(195,177

)

 

$

1.82

 

 

 

 

 

 

$

1,456

 

Forfeited

 

 

(35,779

)

 

$

11.08

 

 

 

 

 

 

 

 

 

Outstanding — December 31, 2015

 

 

2,306,726

 

 

$

4.16

 

 

 

7.59

 

 

$

2,735

 

Granted

 

 

572,200

 

 

$

2.53

 

 

 

 

 

 

 

 

 

Exercised

 

 

(101,953

)

 

$

1.85

 

 

 

 

 

 

$

100

 

Forfeited

 

 

(486,274

)

 

$

7.81

 

 

 

 

 

 

 

 

 

Expired

 

 

(19,998

)

 

$

11.37

 

 

 

 

 

 

 

 

 

Outstanding — December 31, 2016

 

 

2,270,701

 

 

$

3.01

 

 

 

5.04

 

 

$

—

 

Exercisable — December 31, 2016

 

 

1,530,817

 

 

$

2.62

 

 

 

2.95

 

 

$

—

 

Vested and expected to vest — December 31, 2016

 

 

2,205,410

 

 

$

3.01

 

 

 

4.91

 

 

$

—

 

 

(a)

Weighted-average exercise price

(b)

Weighted-average contractual life remaining

  
Schedule of Weighted Average Assumptions Used for Estimating Fair Value of Options Granted

The following are weighted average assumptions used for estimating the fair value of options granted for the years ended December 31:

 

 

 

2016

 

 

2015

 

 

2014

 

Common stock share value

 

$

2.53

 

 

$

10.31

 

 

$

18.12

 

Expected life (years)

 

 

4.00

 

 

 

5.01

 

 

 

5.75

 

Volatility

 

 

50.00

%

 

 

50.00

%

 

 

50.33

%

Interest rate

 

 

1.01

%

 

 

1.45

%

 

 

2.03

%

Dividend yield

 

 

0.00

%

 

 

0.00

%

 

 

0.00

%

 

  
Schedule of Restricted Stock Activity

Restricted Stock Units (RSUs)—A summary of RSU activity for the years ended December 31, 2016 and 2015 is presented below:

 

 

 

Shares

 

 

Average Fair

Value

per Share(a)

 

 

Aggregate

Intrinsic

Value

 

 

Outstanding — January 1, 2015

 

 

—

 

 

$

—

 

 

 

 

 

 

Granted

 

 

801,270

 

 

$

8.84

 

 

 

 

 

 

Vested

 

 

(199,180

)

 

$

9.84

 

 

$

857

 

 

Forfeited

 

 

(31,300

)

 

$

11.37

 

 

 

 

 

 

Outstanding — December 31, 2015

 

 

570,790

 

 

$

8.35

 

 

 

 

 

 

Granted

 

 

503,440

 

 

$

2.45

 

 

 

 

 

 

Vested

 

 

(260,523

)

 

$

6.90

 

 

$

567

 

 

Forfeited

 

 

(148,211

)

 

$

9.31

 

 

 

 

 

 

Outstanding — December 31, 2016

 

 

665,496

 

 

$

4.24

 

 

 

 

 

 

 

(a)

Weighted-average grant date fair value