XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Share-Based Compensation (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2016
Share-Based Compensation [Abstract] |
Weighted-average assumptions used in determining fair value of share based awards | The Company determines the fair value of share based awards at the grant date by using the Black-Scholes option-pricing model, and is incorporating the simplified method to compute expected lives of share based awards with the following weighted-average assumptions:
Years ended |  |  |  |  |  |  |  |  |
December 31, |  | 2016 |  |  | 2015 |  |  | 2014 |
Assumptions |  |  |  |  |  |  |  |  |  |  |  |
Dividend yield |  |  | 0 | % |  |  | 0 | % |  |  | 0 | %
Risk free interest rate |  |  | 0.%-1.0 | % |  |  | 0.83%-1.03 | % |  |  | 1.00%-1.69 | %
Expected volatility |  |  | 47%-53 | % |  |  | 49%-60 | % |  |  | 59%-66 | %
Expected lives |  |  | 3 years |  |  |  | 3 years |  |  |  | 3-5 years |
Summary of status of company's stock option plan | A summary of the activity for the Company’s Plans for the indicated periods is presented below:
|  |  |  | Weighted |
|  |  |  | Average |
Stock Option Plan Totals |  | Shares |  | Exercise Price |
Outstanding at December 31, 2013 |  |  | 2,517,911 |  | $ | 1.33 |
-Exercised |  |  | (292,537) |  | $ | 1.03 |
-Granted |  |  | 1,055,500 |  | $ | 3.28 |
Outstanding at December 31, 2014 |  |  | 3,280,874 |  | $ | 1.98 |
-Cancelled |  |  | (132,500) |  | $ | 3.72 |
-Exercised |  |  | (679,291) |  | $ | 1.65 |
-Granted |  |  | 164,506 |  | $ | 3.28 |
Outstanding at December 31, 2015 |  |  | 2,633,589 |  | $ | 2.06 |
-Exercised |  |  | (589,725) |  | $ | 2.43 |
-Granted |  |  | 1,170,534 |  | $ | 3.95 |
Outstanding at December 31, 2016 |  |  | 3,214,398 |  | $ | 2.68 |
Weighted average contractual life and exercise price | The following is the weighted average contractual life in years and the weighted average exercise price at December 31, 2016 and 2015 of:
|  |  |  | Weighted Average |  |  |
|  | Number of |  | Remaining |  | Weighted Average |
2016 |  | Options |  | Contractual Life |  | Exercise Price |
Options outstanding |  |  | 3,214,398 |  |  | 2.0 years |  | $ | 2.68 |
Options vested |  |  | 1,191,368 |  |  | 3.0 years |  | $ | 3.94 |
|  |  |  | Weighted Average |  |  |
|  | Number of |  | Remaining |  | Weighted Average |
2015 |  | Options |  | Contractual Life |  | Exercise Price |
Options outstanding |  |  | 2,633,589 |  |  | 2.8 years |  | $ | 2.06 |
Options vested |  |  | 2,612,755 |  |  | 2.8 years |  | $ | 2.05 |
Intrinsic value | The intrinsic values of options vested and exercised during the years ended 2016, 2015 and 2014 were as follows:
|  | 2016 |  | 2015 |  | 2014 |
Intrinsic value of options vested |  | $ | 4,843,774 |  | $ | 5,000 |  | $ | 535,000 |
Intrinsic value of options exercised |  | $ | 1,777,476 |  | $ | 1,309,000 |  | $ | 793,000 |

X
- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. + References No definition available. + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the total intrinsic value of options exercised (or share units converted), share-based liabilities paid, and the total fair value of shares vested during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGrantDateIntrinsicValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration