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Stock-Based Awards (Tables)
12 Months Ended
Dec. 31, 2017
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:

 

     December 31, 2017  
     Unrecognized Stock-
Based
Compensation
     Average
Remaining
Vesting Period
 

Employees and directors

   $ 16,715        1.70  
Summary of Option Activity

A summary of option activity is as follows:

 

     Options      Weighted-Average
Exercise Price
 

Outstanding January 1, 2015

     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

     1,368,247      $ 2.82  

 

     Options      Weighted-Average
Exercise Price
 

Granted

     —          —    

Forfeitures/expirations

     —          —    

Exercised

     (209,419      3.17  
  

 

 

    

 

 

 

Outstanding at December 31, 2017(1)

     1,158,828      $ 2.75  
  

 

 

    

 

 

 

 

(1) Expire on dates ranging from August 24, 2018 to November 15, 2021.
Summary of Information on Stock Options Outstanding

The following table summarizes information on stock options outstanding at December 31, 2017:

 

     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

     415,000        1.1      $ 0.70        415,000        1.1      $ 0.70  

$1.07 – $1.07

     50,865        0.3        1.07        50,865        0.3        1.07  

$2.15 – $2.26

     312,426        1.5        2.21        312,426        1.5        2.21  

$5.05 – $5.05

     250,000        3.1        5.05        250,000        3.1        5.05  

$6.36 – $6.82

     73,037        3.4        6.46        73,037        3.4        6.46  

$7.01 – $8.51

     57,500        3.8        7.32        57,500        3.8        7.32  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
     1,158,828        1.9      $ 2.75        1,158,828        1.9      $ 2.75  
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Restricted Stock Activity

A summary of restricted stock activity is as follows:

 

     Restricted Stock Awards      Restricted Stock Units  
     Shares      Weighted
Average
Grant Date
Fair Value
     Shares      Weighted
Average
Grant Date
Fair Value
 

Unvested Balance at January 1, 2015

     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        —        $ —    

Granted

     1,068,550        10.51      7,231      10.49  

Vested

     (1,641,870      13.64      —          —    

Forfeited

     (46,468      12.36      (1,553      10.83  
  

 

 

    

 

 

    

 

 

    

 

 

 

Unvested Balance at December 31, 2017

     1,816,666      $ 11.75        5,678      $ 10.40