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Equity Incentive Plans and Stock-Based Compensation (Tables)
9 Months Ended
Sep. 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
(1,897,887
)
Stock options forfeited
2,330,448

Stock options expired under former plans
(625,369
)
Nonvested equity stock and stock units granted (1)
(524,844
)
Nonvested equity stock and stock units forfeited (1)
258,537

Total available for grant as of September 30, 2013
2,270,044

_________________________________________
(1)
For purposes of determining the number of shares available for grant under the 2006 Plan against the maximum number of shares authorized, each share of restricted stock granted reduces the number of shares available for grant by 1.5 shares and each share of 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 nine months ended September 30, 2013 and information regarding stock options outstanding, exercisable, and vested and expected to vest as of September 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
1,897,887

 
5.80

 
 
 
 

Options exercised
(268,493
)
 
6.84

 
 
 
 

Options forfeited
(2,330,448
)
 
12.10

 
 
 
 

Outstanding as of September 30, 2013
12,393,761

 
11.98

 
5.61
 
$
26,070

Vested or expected to vest at September 30, 2013
11,652,306

 
12.34

 
5.45
 
23,406

Options exercisable at September 30, 2013
6,562,258

 
16.87

 
3.49
 
5,877

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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Stock Option Plans
 

 
 

 
 

 
 

Expected stock price volatility
45
%
 
65
%
 
45-47%

 
60-68%

Risk free interest rate
1.5
%
 
0.6
%
 
0.8-1.5%

 
0.6-0.9%

Expected term (in years)
5.5

 
5.5

 
5.4-5.5

 
5.5 –5.7

Weighted-average fair value of stock options granted to employees
$
4.00

 
$
3.06

 
$
2.48

 
$
3.61

Weighted- average assumptions for Employee Stock Purchase Plan
 
 
Employee Stock Purchase Plan
 
 
Nine Months Ended
 
 
September 30,
 
 
2013
 
2012
Employee Stock Purchase Plan
 
 

 
 

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

 
0.5

Weighted-average fair value of purchase rights granted under the purchase plan
 
$
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 nine months ended September 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
 
349,896

 
6.02

Vested
 
(350,650
)
 
11.45

Forfeited
 
(172,349
)
 
10.67

Nonvested at September 30, 2013
 
749,388

 
7.60