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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation [Abstract]  
Fair value of the options granted, determined, using weighted-average assumption

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

Risk-free interest rate

1.60%

 

1.23%

 

2.98%

Expected term (years)

6

 

7

 

7

Expected stock price volatility

88%

 

78%

 

46%

Dividend yield

0.00%

 

0.00%

 

1.41%

 

Summary of stock option activity in the Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares

Weighted Average Exercise Price

 

Weighted Average Remaining Contractual Term (Years)

Intrinsic Value

 

 

 

 

 

 

 

 

 

Outstanding at beginning of year

 

234,696 

$

4.29 

 

 

 

 

Granted

 

443,500 

 

1.43 

 

 

 

 

Exercised

 

-  

 

 -

 

 

 

 

Expired

 

-  

 

 -

 

 

 

 

Cancelled or Forfeited

 

(38,510)

 

14.40 

 

 

 

 

Outstanding at end of period

 

639,686 

$

1.70 

 

9.4 

$

-  

 

 

 

 

 

 

 

 

 

Expected to vest

 

562,701 

$

1.40 

 

9.6 

$

-  

 

 

 

 

 

 

 

 

 

Exercisable at end of period

 

76,985 

$

3.89 

 

8.3 

$

-  

 

Information related to the Plans

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

Intrinsic value of options exercised

$

 -

$

 -

$

 -

Cash received from option exercises

 

 -

 

 -

 

 -

Tax benefit realized from option exercises

 

 -

 

 -

 

 -

Weighted average fair value of options granted

$

1.03 

$

0.91 

$

0.75 

 

Summary of changes in the Company's nonvested restricted shares

 

 

 

 

 

 

 

 

 

 

Nonvested Shares

 

Shares

 

Weighted Average Grant-Date Fair Value

 

 

 

 

 

Nonvested at January 1, 2013

 

1,400 

$

6.61 

Granted

 

                 -  

 

 -

Vested

 

(400)

 

5.00 

Forfeited

 

(1,000)

 

7.25 

Nonvested at December 31, 2013

 

 -

$

 -