Equity Incentive Plans and Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2014

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, 2011	2,812,876
Increase in shares approved for issuance	6,500,000
Stock options granted (2)	(7,789,220)
Stock options forfeited (3)	2,610,812
Stock options expired under former plans	(576,763)
Nonvested equity stock and stock units granted (1)	(1,113,014)
Nonvested equity stock and stock units forfeited (1)	284,468
Total shares available for grant as of December 31, 2012	2,729,159
Stock options granted	(2,084,276)
Stock options forfeited	3,318,022
Stock options expired under former plans	(1,157,419)
Nonvested equity stock and stock units granted (1)	(709,611)
Nonvested equity stock and stock units forfeited (1)	431,553
Total shares available for grant as of December 31, 2013	2,527,428
Increase in shares approved for issuance	10,000,000
Stock options granted	(2,370,313)
Stock options forfeited	1,400,349
Stock options expired under former plans	(373,043)
Nonvested equity stock and stock units granted (1)	(585,753)
Nonvested equity stock and stock units forfeited (1)	125,560
Total shares available for grant as of December 31, 2014	10,724,228

______________________________________


(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.


(2)	Amount includes 2,840,986 shares that were granted from the stock option exchange program (discussed below).


(3)	Amount excludes 6,449,255 shares that were surrendered from the stock option exchange program (discussed below) as the shares are no longer available for grant.

Schedule of stock option activity

The following table summarizes stock option activity under the stock option plans for the years ended December 31, 2014, 2013 and 2012 and information regarding stock options outstanding, exercisable, and vested and expected to vest as of December 31, 2014.



	Options Outstanding			Weighted Average Remaining Contractual Term
	Number of Shares	Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
	(Dollars in thousands, except per share amounts)
Outstanding as of December 31, 2011	14,587,596	$	19.73
Options granted	7,789,220	$	5.81
Options exercised	(221,934)	$	4.44
Options forfeited	(2,610,812)	$	10.91
Options surrendered in stock option exchange program	(6,449,255)	$	21.11
Outstanding as of December 31, 2012	13,094,815	$	12.79
Options granted	2,084,276	$	6.09
Options exercised	(483,923)	$	6.72
Options forfeited	(3,318,022)	$	14.51
Outstanding as of December 31, 2013	11,377,146	$	11.32
Options granted	2,370,313	$	9.63
Options exercised	(905,464)	$	6.93
Options forfeited	(1,400,349)	$	16.13
Outstanding as of December 31, 2014	11,441,646	$	10.73	5.9	$	35,073
Vested or expected to vest at December 31, 2014	10,867,966	$	10.86	5.8	$	33,266
Options exercisable at December 31, 2014	6,306,425	$	13.41	4.1	$	14,970

Schedule of shares authorized under Stock Option Plans, by exercise price range

The following table summarizes the information about stock options outstanding and exercisable as of December 31, 2014:



	Options Outstanding				Options Exercisable
Range of Exercise Prices	Number Outstanding	Weighted Average Remaining Contractual Life (in years)	Weighted Average Exercise Price		Number Exercisable	Weighted Average Exercise Price
$4.13 – $5.39	965,606	7.6	$	4.39	111,457	$	4.81
$5.46 – $5.46	1,146,916	8.0	$	5.46	488,272	$	5.46
$5.49 – $5.49	35,932	8.2	$	5.49	14,341	$	5.49
$5.63 – $5.63	1,229,750	4.3	$	5.63	988,752	$	5.63
$5.76– $5.76	1,244,879	7.5	$	5.76	384,739	$	5.76
$6.39– $8.55	1,298,963	6.1	$	7.72	972,139	$	7.83
$8.73 – $8.73	74,428	8.8	$	8.73	15,982	$	8.73
$8.76 – $8.76	1,564,545	9.1	$	8.76	286,198	$	8.76
$8.91 – $14.75	1,185,737	7.0	$	12.02	428,013	$	12.64
$14.86 – $40.80	2,694,890	1.9	$	22.00	2,616,532	$	22.11
$4.13 – $40.80	11,441,646	5.9	$	10.73	6,306,425	$	13.41

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. The assumptions used to estimate the fair value of stock options granted under the stock option exchange program are excluded from the following:



	Stock Option Plans for Years Ended December 31,
	2014	2013	2012
Stock Option Plans
Expected stock price volatility	40%-44%	45%-47%	57%-68%
Risk free interest rate	2.1%-2.2%	0.8%-1.5%	0.6%-0.9%
Expected term (in years)	6.0-6.1	5.4-5.5	5.5-5.7
Weighted-average fair value of stock options granted	$4.26	$2.60	$3.57

Weighted-average assumptions for Employee Stock Purchase Plan



	Employee Stock Purchase Plan for Years Ended December 31,
	2014	2013	2012
Employee Stock Purchase Plan
Expected stock price volatility	39%-44%	44%-48%	56%-63%
Risk free interest rate	0.0%-0.1%	0.1%	0.2%
Expected term (in years)	0.02-0.5	0.5	0.5
Weighted-average fair value of purchase rights granted under the purchase plan	$3.57	$1.96	$1.58

The following table reflects the activity related to nonvested equity stock and stock units for the three years ended December 31, 2014:



Nonvested Equity Stock and Stock Units	Shares	Weighted-Average Grant-Date Fair Value
Nonvested at December 31, 2011	763,510	$	18.02
Granted	742,009	$	6.43
Vested	(393,383)	$	17.38
Forfeited	(189,645)	$	11.77
Nonvested at December 31, 2012	922,491	$	10.24
Granted	473,074	$	6.92
Vested	(478,214)	$	9.81
Forfeited	(287,702)	$	9.18
Nonvested at December 31, 2013	629,649	$	8.56
Granted	390,502	$	10.40
Vested	(262,580)	$	9.85
Forfeited	(83,707)	$	7.69
Nonvested at December 31, 2014	673,864	$	9.23