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, 2016

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:

	2016		2015		2014
Expected volatility	36% - 43%		34% - 50%		48% - 59%
Weighted-average volatility		39%		43%		55%
Expected dividends		—%		—%		—%
Expected term (in years)	.35 - 3.8		0.5 - 5.9		1.1 - 7.8
Risk-free rate	0.54% - 1.11%		0.26% - 1.73%		0.14% - 2.37%

Summary of Activity

The table below presents a summary of activity under the Plan, as of December 31, 2016, and changes during the year then ended:

	Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2016		1,478,724		$	6.16
Option grants		315,000			7.66
Restricted stock unit grants		828,344			—
Exercised options		(1,032,174	)		6.01
Cancelled or forfeited options		(238,700	)		6.42
Outstanding at December 31, 2016		1,351,194		$	2.76		6.0	$	7,958,325
Exercisable options at December 31, 2016		121,950		$	6.35		7.8	$	280,553

Summary of Valuation Data

The table below presents our valuation data for the Plan:

(in thousands, except per share data)	2016		2015		2014
Valuation Data:
Weighted-average fair value (per share)	$	4.92	$	1.86	$	2.98
Total stock-based compensation expense	$	674	$	339	$	280
Total income tax impact on provision	$	551	$	281	$	313