Gaia, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Share-Based Compensation (Tables)

Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Variables Used in Black-Scholes Option Pricing Model to Determine Estimated Grant Date Fair Value for Options Granted

The following are the variables we used in the Black-Scholes option pricing model to determine the estimated grant date fair value for options granted under the Plan for each of the years presented:

	2017	2016	2015
Expected volatility	38% - 41%	36% - 43%	34% - 50%
Weighted-average volatility	38%	39%	43%
Expected dividends	—%	—%	—%
Expected term (in years)	3.2 - 3.5	.35 - 3.8	0.5 - 5.9
Risk-free rate	1.45% - 1.99%	0.54% - 1.11%	0.26% - 1.73%

Summary of Activity

The table below presents a summary of activity under the Plan, as of December 31, 2017, and changes during the year then ended:

(in thousands, except share and per share amounts)	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2017		1,351,194		$	7.13
Option grants		76,950			5.82
Restricted stock unit grants		70,705			—
Exercised options		(15,000	)		5.61
Cancelled or forfeited options		(17,700	)		3.21
Cancelled or forfeited restricted stock units		(29,801	)		—
Outstanding at December 31, 2017		1,436,348		$	7.67		5.2	$	13,459
Exercisable options at December 31, 2017		209,150		$	6.70		6.9	$	1,192

Summary of Valuation Data

The table below presents our valuation data for the Plan:

(in thousands, except per share amounts)	2017		2016		2015
Valuation Data:
Weighted-average fair value (per share)	$	7.68	$	4.92	$	1.86
Total stock-based compensation expense	$	1,833	$	674	$	339
Total income tax impact on provision	$	585	$	551	$	281