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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2016
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, 2016:
|  |  |  |  |  |  |  | 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 |
$ | 2.65 |  |  | $ | 3.93 |  |  |  | 363,248 |  |  | $ | 3.27 |  |  |  | 7.02 |  |  |  | 334,942 |  |  | $ | 3.32 |
$ | 4.07 |  |  | $ | 4.15 |  |  |  | 307,380 |  |  | $ | 4.14 |  |  |  | 8.65 |  |  |  | 76,845 |  |  | $ | 4.14 |
$ | 4.49 |  |  | $ | 4.49 |  |  |  | 683,104 |  |  | $ | 4.49 |  |  |  | 9.18 |  |  |  | - |  |  | $ | - |
$ | 5.00 |  |  | $ | 5.96 |  |  |  | 323,188 |  |  | $ | 5.87 |  |  |  | 8.81 |  |  |  | 40,510 |  |  | $ | 5.65 |
$ | 6.51 |  |  | $ | 8.63 |  |  |  | 434,420 |  |  | $ | 8.01 |  |  |  | 2.70 |  |  |  | 391,900 |  |  | $ | 8.09 |
$ | 13.32 |  |  | $ | 21.80 |  |  |  | 309,056 |  |  | $ | 17.59 |  |  |  | 1.81 |  |  |  | 309,056 |  |  | $ | 17.59 |
$ | 22.04 |  |  | $ | 26.15 |  |  |  | 312,144 |  |  | $ | 22.55 |  |  |  | 2.48 |  |  |  | 312,144 |  |  | $ | 22.55 |
$ | 29.02 |  |  | $ | 29.68 |  |  |  | 65,348 |  |  | $ | 29.18 |  |  |  | 2.47 |  |  |  | 65,348 |  |  | $ | 29.18 |
$ | 30.67 |  |  | $ | 30.67 |  |  |  | 168,000 |  |  | $ | 30.67 |  |  |  | 2.65 |  |  |  | 168,000 |  |  | $ | 30.67 |
$ | 33.96 |  |  | $ | 33.96 |  |  |  | 120,000 |  |  | $ | 33.96 |  |  |  | 0.35 |  |  |  | 120,000 |  |  | $ | 33.96 |
|  |  |  |  |  |  |  |  | 3,085,888 |  |  | $ | 11.18 |  |  |  | 5.66 |  |  |  | 1,818,745 |  |  | $ | 15.63 |
Schedule of Information with Respect to all Outstanding Restricted Stock and Restricted Stock Units | 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, 2016, 2015 and 2014:
|  | 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, 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 |
Granted (1) |  |  | - |  |  |  | - |  |  |  | 808,898 |  |  |  | 5.29 |  |  |  | 808,898 |
Vested |  |  | (39,969 | ) |  |  | 21.62 |  |  |  | (197,609 | ) |  |  | 7.94 |  |  |  | (237,578 | )
Forfeited |  |  | (2,783 | ) |  |  | 21.80 |  |  |  | (409,558 | ) |  |  | 6.33 |  |  |  | (412,341 | )
Outstanding as of December 31, 2015 (1) |  |  | - |  |  | $ | - |  |  |  | 757,871 |  |  | $ | 5.55 |  |  |  | 757,871 |
Granted |  |  | - |  |  |  | - |  |  |  | 1,555,828 |  |  |  | 4.58 |  |  |  | 1,555,828 |
Vested (2) |  |  | - |  |  |  | - |  |  |  | (381,850 | ) |  |  | 5.98 |  |  |  | (381,850 | )
Forfeited |  |  | - |  |  |  | - |  |  |  | (219,645 | ) |  |  | 5.06 |  |  |  | (219,645 | )
Outstanding as of December 31, 2016 |  |  | - |  |  | $ | - |  |  |  | 1,712,204 |  |  | $ | 4.63 |  |  |  | 1,712,204 |
| (1) | The total granted awards during 2015 and total outstanding balance as of December 31, 2015 includes an adjustment of 163,566 restricted stock units. These units were previously recorded in the summary table of restricted stock units settled in cash due to the potential for cash settlement upon an involuntary, not for cause termination.
| (2) | 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.
Schedule of Deferred Stock Units to be Settled in Shares | The following table summarizes information with respect to all deferred stock units during the years ended December 31, 2016, 2015 and 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 |
Granted |  |  | 2,928 |  |  |  | 5.73 |
Vested |  |  | (19,492 | ) |  |  | 4.39 |
Forfeited |  |  | (9,746 | ) |  |  | 4.39 |
Outstanding as of December 31, 2015 (1) |  |  | 90,642 |  |  | $ | 4.43 |
Granted |  |  | - |  |  |  | - |
Vested |  |  | (14,619 | ) |  |  | 4.39 |
Forfeited |  |  | - |  |  |  | - |
Outstanding as of December 31, 2016 (1) |  |  | 76,023 |  |  | $ | 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 for the years ended December 31, 2016, 2015 and 2014:
|  | Restricted Stock Units to be Settled in Cash |
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 |
Granted (1) |  |  | 873,154 |
Vested |  |  | (444,499 | )
Forfeited |  |  | (696,060 | )
Outstanding as of December 31, 2015 (1) |  |  | 1,575,050 |
Granted |  |  | 461,428 |
Vested |  |  | (610,680 | )
Forfeited |  |  | (233,720 | )
Outstanding as of December 31, 2016 |  |  | 1,192,078 |
| (1) | The total granted awards during 2015 and total outstanding balance as of December 31, 2015 includes an adjustment of 163,566 restricted stock units. These units were previously recorded in the summary table of restricted stock units settled in cash due to the potential for cash settlement upon an involuntary, not for cause termination and are now included in the summary table of restricted stock units settled in stock.
Summary of Total Stock Based Compensation Expense | Stock-Based Compensation Expense. Total stock-based compensation expense for the years ended December 31, 2016, 2015 and 2014 for all types of awards was as follows (dollars in thousands):
|  | December 31, |
Award Type |  | 2016 |  |  | 2015 (1) |  |  | 2014 |
Stock options |  | $ | 1,256 |  |  | $ | 761 |  |  | $ | 1,372 |
Restricted stock or units settled in stock |  |  | 1,960 |  |  |  | 2,532 |  |  |  | 2,865 |
Restricted stock units settled in cash |  |  | 5,569 |  |  |  | 1,447 |  |  |  | 4,514 |
Stock appreciation rights settled in cash |  |  | - |  |  |  | - |  |  |  | 295 |
Total stock-based compensation expense |  | $ | 8,785 |  |  | $ | 4,740 |  |  | $ | 9,046 |
(1) | Stock-based compensation expense for 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.
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, 2016, 2015 and 2014, and assumptions used to value stock options are as follows:
|  | For the Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
Dividend yield |  |  | - |  |  |  | - |  |  |  | - |
Risk-free interest rate |  |  | 1.3 | % |  |  | 1.6 | % |  |  | 1.4 | %
Weighted average volatility |  |  | 70.4 | % |  |  | 73.2 | % |  |  | 73.0 | %
Expected life (in years) |  |  | 4.8 |  |  |  | 5.1 |  |  |  | 4.3 |
Weighted average grant date fair value per share of options granted |  | $ | 2.75 |  |  | $ | 2.86 |  |  | $ | 3.89 |
Employee Stock Option [Member] |
Summary of Stock Option Activity | Stock option activity during the years ended December 31, 2016, 2015 and 2014 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, 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 |  |  |  |  |  |  |
Granted |  |  | 848,705 |  |  |  | 4.83 |  |  |  |  |  |  |
Exercised |  |  | (303,035 | ) |  |  | 2.73 |  |  |  |  | $ | 620 |
Forfeited |  |  | (1,278,150 | ) |  |  | 4.60 |  |  |  |  |  |  |
Cancelled |  |  | (391,761 | ) |  |  | 20.87 |  |  |  |  |  |  |
Outstanding as of December 31, 2015 |  |  | 2,657,723 |  |  | $ | 14.27 |  |  |  |  |  |  |
Granted |  |  | 915,122 |  |  |  | 4.81 |  |  |  |  |  |  |
Exercised |  |  | (89,773 | ) |  |  | 4.17 |  |  |  |  | $ | 189 |
Forfeited |  |  | (120,964 | ) |  |  | 5.11 |  |  |  |  |  |  |
Cancelled |  |  | (276,220 | ) |  |  | 24.69 |  |  |  |  |  |  |
Outstanding as of December 31, 2016 |  |  | 3,085,888 |  |  | $ | 11.18 |  |  | 5.66 years |  | $ | 10,399 |
Exercisable as of December 31, 2016 |  |  | 1,818,745 |  |  | $ | 15.63 |  |  | 3.40 years |  | $ | 3,689 |

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