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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Information with Respect to Outstanding and Exercisable Stock Options

The following table summarizes information with respect to all outstanding and exercisable stock options under all of our plans as of December 31, 2014:

 

     Options Outstanding      Options Exercisable  

Range of Exercise Prices

   Number of Options
Outstanding
     Weighted Average
Exercise Price
     Weighted Average
Remaining
Contractual Term
(in Years)
     Number
Exercisable
     Weighted Average
Exercise Price
 

$  2.20     $  2.20

     644,628       $ 2.20         8.27         161,157       $ 2.20   

$  2.62     $  2.65

     96,729       $ 2.65         8.61         26,403       $ 2.64   

$  2.72     $  2.72

     403,504       $ 2.72         4.88         269,626       $ 2.72   

$  2.82     $  6.81

     628,327       $ 5.49         8.72         148,344       $ 4.62   

$  7.33     $  8.63

     590,500       $ 7.98         6.03         132,933       $ 8.63   

$13.32     $22.04

     503,112       $ 19.12         3.95         484,459       $ 19.02   

$22.13     $30.67

     413,564       $ 27.57         4.98         413,564       $ 27.57   

$30.80     $34.70

     454,350       $ 33.18         1.27         454,350       $ 33.18   

$34.86     $37.76

     46,750       $ 35.30         0.70         46,750       $ 35.30   

$38.28     $38.28

     500       $ 38.28         0.51         500       $ 38.28   
  

 

 

          

 

 

    
     3,781,964       $ 12.88         5.77         2,138,086       $ 18.87   
Schedule of Deferred Stock Units to be Settled in Shares

The following table summarizes information with respect to all deferred stock units during the year to date ended December 31, 2014:

 

     Deferred Stock
Units to be Settled
in Shares
     Weighted Average
Grant-Date Fair
Value Per Unit
 

Outstanding as of December 31, 2013

     —         $ —     

Granted

     116,952         4.39   

Vested

     —           —     

Forfeited

     —           —     
  

 

 

    

Outstanding as of December 31, 2014

     116,952       $ 4.39   
Schedule of Restricted Stock Units to be Settled in Cash

The following table summarizes information with respect to all cash-settled restricted stock units for the years ended December 31, 2014 and 2013:

 

     Restricted
Stock Units
to be Settled
in Cash
 

Outstanding as of December 31, 2012

     —     

Granted

     2,938,283   

Vested

     —     

Forfeited

     (649,368
  

 

 

 

Outstanding as of December 31, 2013

  2,288,915   
  

 

 

 

Granted

  981,136   

Vested

  (755,656

Forfeited

  (671,940
  

 

 

 

Outstanding as of December 31, 2014

  1,842,455   
  

 

 

 
Summary of Total Stock Based Compensation Expense

Stock-Based Compensation Expense. Total stock-based compensation expense for the years ended December 31, 2014, 2013 and 2012 for all types of awards was as follows (dollars in thousands):

 

     December 31,  

Award Type

   2014      2013      2012  

Stock Options

   $ 1,372       $ 2,308       $ 2,907   

Restricted stock or units settled in stock

     2,865         4,339         6,637   

Restricted stock units settled in cash

     4,514         3,452         —     

Stock appreciation rights settled in cash

     295         149         —     
  

 

 

    

 

 

    

 

 

 

Total stock-based compensation expense

$ 9,046    $ 10,248    $ 9,544   
  

 

 

    

 

 

    

 

 

 
Schedule of Fair Value of Stock Option Award Granted Estimated on Date of Grant Using the Black-Scholes-Merton Option Pricing Model
 The weighted average fair value per share of stock option awards granted during the years ended December 31, 2014, 2013 and 2012, and assumptions used to value stock options are as follows:

 

     For the Year Ended December 31,  
         2014             2013             2012      

Dividend yield

     —          —          —     

Risk-free interest rate

     1.4     1.1     0.6

Weighted average volatility

     73.0     64.6     68.4

Expected life (in years)

     4.3        5.6        5.2   

Weighted average grant date fair value per share of options granted

   $ 3.89      $ 1.47      $ 4.10   
Employee Stock Option [Member]  
Summary of Stock Option Activity

Stock option activity during the years ended December 31, 2014, 2013 and 2012, under all of our plans was as follows:

 

     Options     Weighted Average
Exercise Price
     Weighted
Average
Remaining
Contractual
Term
     Aggregate
Intrinsic
Value (in
thousands)
 

Outstanding as of December 31, 2011

     3,353,462      $ 27.79         

Granted

     534,895        7.91         

Exercised

     —          —            $ —     

Forfeited

     (196,400     18.52         

Cancelled

     (1,100,070     24.09         
  

 

 

         

Outstanding as of December 31, 2012

     2,591,887      $ 25.96         
  

 

 

         

Granted

     1,934,005        2.58         

Exercised

     (1,275     3.08          $ 3   

Forfeited

     (261,366     5.19         

Cancelled

     (362,816     31.60         
  

 

 

         

Outstanding as of December 31, 2013

     3,900,435      $ 15.15         
  

 

 

         

Granted

     746,318        6.89         

Exercised

     (225,000     2.72          $ 721   

Forfeited

     (299,577     4.94         

Cancelled

     (340,212     39.49         
  

 

 

         

Outstanding as of December 31, 2014

     3,781,964      $ 12.88         5.8 years       $ 6,118   
  

 

 

         

Exercisable as of December 31, 2014

     2,138,086      $ 18.87         4.0 years       $ 2,372   
Restricted Stock Shares [Member]  
Schedule of Information with Respect to all Outstanding Restricted Stock

The following table summarizes information with respect to all outstanding restricted stock and restricted stock units to be settled in shares of stock under our plans during the years ended December 31, 2014, 2013 and 2012:

 

     Restricted Stock to be Settled in Shares of Stock  
     Shares     Weighted
Average
Grant-Date
Fair Value
Per Share
     Units     Weighted
Average
Grant-Date
Fair Value
Per Unit
     Total  

Outstanding as of December 31, 2011

     1,796,747      $ 24.74         —        $ —           1,796,747   

Granted

     —          —           1,416,832        8.32         1,416,832   

Vested

     (374,260     24.74         —          —           (374,260

Forfeited

     (568,196     24.73         (272,899     8.53         (841,095
  

 

 

      

 

 

      

 

 

 

Outstanding as of December 31, 2012

     854,291      $ 24.74         1,143,933      $ 8.27         1,998,224   
  

 

 

      

 

 

      

 

 

 

Granted

     —          —           43,313        2.72         43,313   

Vested

     (208,461     23.10         (306,605     8.60         (515,066

Forfeited

     (424,268     27.01         (342,020     7.22         (766,288
  

 

 

      

 

 

      

 

 

 

Outstanding as of December 31, 2013

     221,562      $ 22.19         538,621      $ 8.30         760,183   
  

 

 

      

 

 

      

 

 

 

Granted

     —          —           318,940        6.57         318,940   

Vested

     (136,133     22.94         (135,645     8.61         (271,778

Forfeited

     (42,677     20.87         (165,776     7.90         (208,453
  

 

 

      

 

 

      

 

 

 

Outstanding as of December 31, 2014

     42,752      $ 21.63         556,140      $ 7.35         598,892