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Stock-Based Awards (Tables)
12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Unrecognized Stock-Based Compensation Expense and Average Remaining Vesting Period

A summary of unrecognized stock-based compensation expense and average remaining vesting period is as follows:

 

     Unrecognized
Stock-Based
Compensation
     Average
Remaining
Vesting Period
 

Employees and directors option awards

   $ 8        0.07  

Employees and directors restricted stock awards

   $ 20,714        1.79  

Summary of Option Activity

A summary of option activity is as follows:

 

     Options      Weighted-
Average
Exercise
Price
 

Outstanding January 1, 2014

     7,844,691      $ 1.29  

Granted

     —          —    

Forfeitures/expirations

     —          —    

Exercised

     (2,514,621      0.61  
  

 

 

    

 

 

 

Outstanding at December 31, 2014

     5,330,070      $ 1.61  

Granted

     —          —    

Forfeitures/expirations

     —          —    

Exercised

     (3,785,473      1.19  
  

 

 

    

 

 

 

Outstanding at December 31, 2015

     1,544,597      $ 2.62  

Granted

     —          —    

Forfeitures/expirations

     —          —    

Exercised

     (176,350      1.11  
  

 

 

    

 

 

 

Outstanding at December 31, 2016(1)

     1,368,247      $ 2.82  
  

 

 

    

 

 

 

 

(1) Expire on dates ranging from March 4, 2017 to November 15, 2021.
Summary of Information on Stock Options Outstanding

The following table summarizes information on stock options outstanding at December 31, 2016:

 

     Options Outstanding      Options Exercisable  

Range of Exercise Prices

   Shares      Weighted-
Average
Remaining
Life
(Years)
     Weighted-
Average
Exercise
Price
     Shares      Weighted-
Average
Remaining

Life
(Years)
     Weighted-
Average
Exercise
Price
 

$0.70 – $0.70

     435,000        2.1      $ 0.70        435,000        2.1      $ 0.70  

$1.07 – $1.07

     93,535        1.0        1.07        93,535        1.0        1.07  

$2.09 – $2.26

     390,176        2.4        2.20        390,176        2.4        2.20  

$5.05 – $5.05

     285,000        4.1        5.05        247,500        4.1        5.05  

$6.36 – $6.82

     74,536        4.4        6.46        74,536        4.4        6.46  

$7.01 – $8.51

     90,000        4.7        7.48        90,000        4.7        7.48  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
     1,368,247        2.8      $ 2.82        1,330,747        2.8      $ 2.76  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Restricted Stock Activity

A summary of restricted stock activity is as follows:

 

     Shares      Weighted-
Average
Grant Date
Fair Value
 

Unvested Balance at January 1, 2014

     1,896,877      $ 7.27  

Granted

     623,088        16.08  

Vested

     (996,385      6.73  

Forfeited

     (9,641      10.81  
  

 

 

    

 

 

 

Unvested Balance at December 31, 2014

     1,513,939      $ 11.22  

Granted

     886,413        19.72  

Vested

     (753,917      10.05  

Forfeited

     (25,709      17.30  
  

 

 

    

 

 

 

Unvested Balance at December 31, 2015

     1,620,726      $ 16.32  

Granted

     1,687,553        11.19  

Vested

     (846,386      13.98  

Forfeited

     (25,439      16.17  
  

 

 

    

 

 

 

Unvested Balance at December 31, 2016

     2,436,454      $ 13.58