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Equity Incentive Plans and Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2015
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, 2014
10,724,228

Stock options granted
(362,335
)
Stock options forfeited
518,778

Stock options expired under former plans
(285,000
)
Nonvested equity stock and stock units granted (1) (2)
(2,520,747
)
Nonvested equity stock and stock units forfeited (1)
87,041

Total available for grant as of March 31, 2015
8,161,965

_________________________________________
(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.
(2)
Amount includes 238,980 shares that have been reserved for potential future issuance related to certain performance unit awards discussed under the section titled "Nonvested Equity Stock and Stock Units" below.
Schedule of stock option activity
The following table summarizes stock option activity under the 1997 Plan and 2006 Plan for the three months ended March 31, 2015 and information regarding stock options outstanding, exercisable, and vested and expected to vest as of March 31, 2015.
 
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, 2014
11,441,646

 
$
10.73

 
 
 
 

Options granted
362,335

 
$
11.27

 
 
 
 

Options exercised
(217,241
)
 
$
6.90

 
 
 
 

Options forfeited
(518,778
)
 
$
16.37

 
 
 
 

Outstanding as of March 31, 2015
11,067,962

 
$
10.55

 
5.95
 
$
45,831

Vested or expected to vest at March 31, 2015
10,524,492

 
$
10.64

 
5.81
 
$
43,741

Options exercisable at March 31, 2015
6,207,537

 
$
12.84

 
4.30
 
$
21,336

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
 
March 31,
 
2015
 
2014
Stock Option Plans
 

 
 

Expected stock price volatility
41
%
 
44
%
Risk free interest rate
1.2
%
 
2.1
%
Expected term (in years)
6.0

 
6.1

Weighted-average fair value of stock options granted to employees
$
4.59

 
$
3.92

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 three months ended March 31, 2015:
Nonvested Equity Stock and Stock Units
 
Shares
 
Weighted-
 Average
 Grant-Date
 Fair Value
Nonvested at December 31, 2014
 
673,864

 
$
9.23

Granted
 
1,521,178

 
$
11.27

Vested
 
(138,810
)
 
$
8.55

Forfeited
 
(58,027
)
 
$
10.35

Nonvested at March 31, 2015
 
1,998,205

 
$
10.80