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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2015
Equity [Abstract] |
Stockholders' Equity | 7. STOCKHOLDERS’ EQUITY Stock Based Compensation Shares Available For Issuance In the fiscal year ended April 30, 2007, we adopted the 2006 Stock Incentive Plan (“2006 Plan”). The 2006 Plan was amended in the fiscal year ended April 30, 2010. Under the 2006 Plan, we may grant awards up to an aggregate amount of shares equal to the sum of: (i) 2,475 shares of Class A common stock (subject to adjustment in the event of stock splits and other similar events), plus (ii) such additional number of shares of Class A common stock as are currently subject to options granted under our 1993 Incentive Stock Option Plan, 1994 Non-statutory Stock Option Plan, 1996 Option Plan, and 1997 Stock Option Plan (“Prior Plans”), which are not actually issued under the Prior Plans because such options expire or otherwise result in shares not being issued. As of June 30, 2015, there were 1,110 Class A common stock equivalents available for future grant under the 2006 Plan, inclusive of additional Class A common stock equivalents that were previously issued under our terminated plans and have become available for grant because such awards expired or otherwise resulted in shares not being issued. Stock Options Options under the 2006 Plan are granted at a price equal to the prevailing fair market value of our Class A common stock at the date of grant. Generally, options granted have a term not to exceed ten years and vest over a one to four year period from the date of grant. A summary of stock option activity for the six months ended June 30, 2015 is as follows:
|  | Stock Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding, December 31, 2014 |  |  | 1,380 |  |  | $ | 7.70 |  |  |  |  |  |  |  |  |
Granted |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |  |  |
Forfeited |  |  | (132 | ) |  | $ | 12.02 |  |  |  |  |  |  |  |  |
Outstanding, June 30, 2015 |  |  | 1,248 |  |  | $ | 7.25 |  |  |  | 5.3 |  |  | $ | 903 |
Exercisable, June 30, 2015 |  |  | 726 |  |  | $ | 9.13 |  |  |  | 3.2 |  |  | $ | 383 |
Expected to vest, June 30, 2015 |  |  | 1,247 |  |  | $ | 7.25 |  |  |  | 5.3 |  |  | $ | 902 |
Stock-based compensation expense for stock options was $160 and $317 during the three and six months ended June 30, 2015, respectively, as compared to $105 and $215 during the three and six months ended June 30, 2014, respectively. As of June 30, 2015, total unrecognized stock-based compensation expense related to outstanding stock options was $772, which will be recognized over a weighted average period of 1.1 years. Other Stock Awards We grant restricted stock awards, restricted stock units and performance stock units under the 2006 Plan at a price equal to the fair market value of our Class A common stock at the date of grant. Restricted stock awards granted to non-employee directors vest incrementally over a three year period beginning on the first anniversary of the date of grant. Restricted stock units vest incrementally over an identified service period beginning on the grant date based on continued employment. Performance stock units vest on the third fiscal year-end following the grant date and are based on our attainment of a targeted average return on net assets as of the vesting date. A summary of restricted stock, restricted stock unit and performance stock unit activity for the six months ended June 30, 2015 is as follows:
|  | Restricted Stock, Restricted Stock Units, and Performance Stock Units (1) |  |  | Weighted Average Grant Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding, December 31, 2014 |  |  | 1,048 |  |  | $ | 4.79 |  |  |  |  |  |  |  |  |
Granted |  |  | 562 |  |  | $ | 4.20 |  |  |  |  |  |  |  |  |
Class A Common Stock vested |  |  | (306 | ) |  | $ | 4.72 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (280 | ) |  | $ | 5.11 |  |  |  |  |  |  |  |  |
Outstanding, June 30, 2015 |  |  | 1,024 |  |  | $ | 4.40 |  |  |  | 2.2 |  |  | $ | 1,252 |
Expected to vest, June 30, 2015 |  |  | 844 |  |  | $ | 4.40 |  |  |  | 2.1 |  |  | $ | 1,029 |
(1) | Performance stock units are included at the 100% attainment level. As of June 30, 2015, no performance stock units remain outstanding.
Stock-based compensation expense related to restricted stock and restricted stock units was $594 and $1,080 during the three and six months ended June 30, 2015, respectively, as compared to $410 and $858 during the three and six months ended June 30, 2014, respectively. During the three and six months ended June 30, 2015, the total fair value of other stock awards vested was $1,701 and $1,713, respectively. As of June 30, 2015, total unrecognized compensation expense related to outstanding restricted stock and restricted stock units was $3,256, which will be recognized over a weighted average period of 2.1 years. We also recorded $21 and $38 of stock-based compensation expense related to our Employee Stock Purchase Plan during the three and six months ended June 30, 2015, respectively, as compared to $22 and $40 during the three and six months ended June 30, 2014, respectively. Accumulated Other Comprehensive Income The change in the balance of accumulated other comprehensive income, which is included as a component of our stockholders’ deficit, for the six months ended June 30, 2015 is as follows:
|  | Marketable Securities |
Balance as of December 31, 2014 |  | $ | 58 |
Other comprehensive loss before reclassifications |  |  | (31 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | — |
Net current-period other comprehensive loss |  |  | (31 | )
Balance as of June 30, 2015 |  | $ | 27 |
Recent Stockholder Events On April 7, 2015, JCP Investment Partnership, LP notified us of its intention to nominate Brett W. Frazier, James C. Pappas and Joseph B. Swinbank for election as directors at our 2015 Annual Meeting of Stockholders in opposition to the three candidates that will be recommended for election by our Board of Directors. According to the Schedule 13D filed with the SEC by JCP Investment Partnership, LP, JCP Single-Asset Partnership, LP, JCP Investment Partners, LP, JCP Investment Holdings, LLC, JCP Investment Management, LLC and James C. Pappas (collectively, the “JCP Group”) on April 28, 2015, the JCP Group beneficially owns approximately 5.0% of our outstanding Class A common stock. On April 29, 2015, the JCP Group filed with the SEC soliciting material under Rule 14a-12 of the Exchange Act confirming its intention to file a preliminary proxy statement and an accompanying proxy card with the SEC to solicit votes for the election of the JCP Group’s slate of three director nominees to our Board of Directors, at our 2015 Annual Meeting of Stockholders. On May 29, 2015, the JCP Group filed with the SEC soliciting material under Rule 14a-12 of the Exchange Act reconfirming such intention.

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- Definition The entire disclosure for accounts comprising shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income, and compensation-related costs for equity-based compensation. Includes, but is not limited to, disclosure of policies, compensation plan details, equity-based arrangements to obtain goods and services, deferred compensation arrangements, and employee stock purchase plan details. + References No definition available. + Details
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