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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
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 September 30, 2016 (units in thousands):

 

 

 

Deferred Stock

Units to be Settled

in Shares

 

 

Weighted Average

Grant-Date Fair

Value Per Unit

 

Outstanding as of  December 31, 2015 (1)

 

 

91

 

 

$

4.43

 

Granted

 

 

-

 

 

 

-

 

Vested

 

 

(15

)

 

 

4.39

 

Forfeited

 

 

-

 

 

 

-

 

Outstanding as of  September 30, 2016 (1)

 

 

76

 

 

$

4.44

 

 

(1)

Includes vested but unreleased awards. These awards are included in total outstanding awards until they are released under the terms of the agreement.

Schedule of Restricted Stock Units to be Settled in Cash

The following table summarizes information with respect to all cash-settled restricted stock units during the year to date ended September 30, 2016 (units in thousands):

 

 

 

Restricted Stock

Units to be Settled

in Cash

 

Outstanding as of  December 31, 2015

 

 

1,575

 

Granted

 

 

461

 

Vested

 

 

(606

)

Forfeited

 

 

(208

)

Outstanding as of  September 30, 2016

 

 

1,222

 

 

Summary of Total Stock Based Compensation Expense

Stock-Based Compensation Expense. Total stock-based compensation expense for the quarters and years to date ended September 30, 2016 and 2015 for all types of awards was as follows (dollars in thousands):

 

 

 

For the Quarter Ended September 30,

 

 

For the Year to Date Ended September 30,

 

Award Type

 

2016

 

 

2015  (1)

 

 

2016

 

 

2015  (1)

 

Stock options

 

$

316

 

 

$

289

 

 

$

905

 

 

$

683

 

Restricted stock or units settled in stock

 

 

539

 

 

 

687

 

 

 

1,330

 

 

 

2,214

 

Restricted stock units settled in cash

 

 

1,362

 

 

 

463

 

 

 

3,383

 

 

 

1,007

 

Total stock-based compensation expense

 

$

2,217

 

 

$

1,439

 

 

$

5,618

 

 

$

3,904

 

 

(1)

Stock-based compensation expense for the year to date 2015 does not reflect $1.5 million of forfeitures related to our former Chief Executive Officer’s departure which was applied against the separation agreement payment of $2.5 million.

Restricted Stock Units [Member]  
Schedule of Information with Respect to all Outstanding Restricted Stock

The following table summarizes information with respect to all outstanding restricted stock units to be settled in shares of stock under our plans during the year to date ended September 30, 2016 (units in thousands):

 

 

 

Restricted Stock to be Settled in Shares of Stock

 

 

 

 

Units

 

 

Weighted Average

Grant-Date Fair

Value Per Unit

 

 

Outstanding as of  December 31, 2015

 

 

758

 

 

$

5.55

 

 

Granted

 

 

1,556

 

 

 

4.58

 

 

Vested (1)

 

 

(378

)

 

 

6.00

 

 

Forfeited

 

 

(192

)

 

 

5.12

 

 

Outstanding as of  September 30, 2016

 

 

1,744

 

 

$

4.63

 

 

_____________

(1) The total vested awards include 9.2 thousand of vested restricted stock units settled in cash. As a result of the termination provision for certain awards, in the event of an involuntary not-for-cause termination of employment by the Company certain termination scenarios allow for cash-settlement.

Employee Stock Option [Member]  
Summary of Stock Option Activity

Stock option activity during the year to date ended September 30, 2016 under all of our plans was as follows (options in thousands):

 

 

 

Options

 

 

Weighted Average

Exercise Price

 

Outstanding as of December 31, 2015

 

 

2,658

 

 

$

14.27

 

Granted

 

 

906

 

 

 

4.79

 

Exercised

 

 

(75

)

 

 

3.66

 

Forfeited

 

 

(121

)

 

 

5.11

 

Cancelled

 

 

(266

)

 

 

25.39

 

Outstanding as of September 30, 2016

 

 

3,102

 

 

$

11.16

 

Exercisable as of September 30, 2016

 

 

1,830

 

 

$

15.61