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Equity Incentive Plans and Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Shares available for grant under stock-based incentive plans
A summary of shares available for grant under the Company’s plans is as follows:
 
Shares Available
 for Grant
Shares available as of December 31, 2012
2,729,159

Stock options granted
(1,756,312
)
Stock options forfeited
1,637,125

Stock options expired under former plans
(475,419
)
Nonvested equity stock and stock units granted (1)
(457,428
)
Nonvested equity stock and stock units forfeited (1)
181,137

Total available for grant as of June 30, 2013
1,858,262

_________________________________________
(1)
For purposes of determining the number of shares available for grant under the 2006 Plan against the maximum number of shares authorized, each restricted stock granted reduces the number of shares available for grant by 1.5 shares and each restricted stock forfeited increases shares available for grant by 1.5 shares.
Schedule of stock option activity
The following table summarizes stock option activity under the 1997 Plan, 1999 Plan and 2006 Plan for the six months ended June 30, 2013 and information regarding stock options outstanding, exercisable, and vested and expected to vest as of June 30, 2013.
 
Options Outstanding
 
 
 
 
 
Number of
 Shares
 
Weighted
 Average
 Exercise Price
 Per Share
 
Weighted
 Average
 Remaining
 Contractual
 Term (years)
 
Aggregate
 Intrinsic
 Value
 
(In thousands, except per share amounts)
Outstanding as of December 31, 2012
13,094,815

 
$
12.79

 
 
 
 

Options granted
1,756,312

 
5.51

 
 
 
 

Options exercised
(44,850
)
 
6.23

 
 
 
 

Options forfeited
(1,637,125
)
 
11.17

 
 
 
 

Outstanding as of June 30, 2013
13,169,152

 
12.04

 
5.93
 
$
21,033

Vested or expected to vest at June 30, 2013
12,273,266

 
12.47

 
5.68
 
18,444

Options exercisable at June 30, 2013
6,615,397

 
17.59

 
3.45
 
3,088

Weighted-average assumptions for Stock Option Plans
The following table presents the weighted-average assumptions used to estimate the fair value of stock options granted that contain only service conditions in the periods presented.
 
Stock Option Plans
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Stock Option Plans
 

 
 

 
 

 
 

Expected stock price volatility
47
%
 
68
%
 
47
%
 
60-68%

Risk free interest rate
0.8
%
 
0.9
%
 
0.8-0.9%

 
0.7-0.9%

Expected term (in years)
5.4

 
5.7

 
5.4

 
5.6 –5.7

Weighted-average fair value of stock options granted to employees
$
2.61

 
$
3.41

 
$
2.35

 
$
3.83

Weighted- average assumptions for Employee Stock Purchase Plan
 
Employee Stock Purchase Plan
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Employee Stock Purchase Plan
 

 
 

 
 

 
 

Expected stock price volatility
48
%
 
63
%
 
48
%
 
63
%
Risk free interest rate
0.1
%
 
0.2
%
 
0.1
%
 
0.2
%
Expected term (in years)
0.5

 
0.5

 
0.5

 
0.5

Weighted-average fair value of purchase rights granted under the purchase
plan
$
1.94

 
$
1.61

 
$
1.94

 
$
1.61

 
 
 
 
 
 
 
 
Schedule of nonvested equity stock and stock units activity
The following table reflects the activity related to nonvested equity stock and stock units for the six months ended June 30, 2013:
Nonvested Equity Stock and Stock Units
 
Shares
 
Weighted-
 Average
 Grant-Date
 Fair Value
Nonvested at December 31, 2012
 
922,491

 
$
10.24

Granted
 
304,952

 
5.51

Vested
 
(312,070
)
 
11.25

Forfeited
 
(120,753
)
 
11.80

Nonvested at June 30, 2013
 
794,620

 
7.79