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Share-Based Compensation (Tables)

12 Months Ended

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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