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Stock Option Plans (Tables)
9 Months Ended
Sep. 30, 2012
Stock Option Plans [Abstract]  
Stock option activity
Options granted under the Plans vest as determined by the Company's Compensation and Stock Option Committee and expire over varying terms, but not more than ten years from the date of grant. Stock option activity for the nine month period ended September 30, 2012 is as follows:
 

Stock Option Activity under the Plans
Stock Options
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Life (Years)
 
Outstanding at December 31, 2011
4,129,749
$
5.09
6.38
 
Granted
1,203,452
3.81
 
Expired
(400,000
)
4.95
 
Forfeited
(99,148
)
4.98
 
Outstanding at September 30, 2012
4,834,053
4.78
7.11
 
Assumptions used to determine the fair value of stock options
The assumptions used in the option pricing model to determine the fair value of stock options awarded to employees are as follows:
 
 
Nine Months ended September 30,
2012
2011
Dividend yield
None
None
Expected volatility
77.37% - 84.47%
72.16% - 75.35%
Weighted average volatility
79.87%
73.62%
Risk-free interest rates
0.78% - 1.49%
1.45% - 3.11%
Expected life (in years)
6.0
5.0 - 6.0
Restricted stock activity
Restricted stock activity for the nine month period ended September 30, 2012 is as follows:
 

Restricted Stock Activity
Restricted Stock
Weighted
Average Grant
Date Fair Value
Non-vested at December 31, 2011
193,532
5.84
Granted
428,920
2.84
Vested
(91,910
)
5.85
Forfeited
(15,431
)
4.19
Non-vested at September 30, 2012
515,111
3.38