Stock-Based Compensation and Stock Options (Tables)

12 Months Ended

Dec. 31, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Weighted-Average Assumptions used in Black-Scholes Option Pricing Model

The fair value of 2017, 2016 and 2015 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:




	2017			2016			2015
Weighted-average fair value of options granted per share	$	3.11		$	4.73		$	4.42
Historical volatility	46		%	58		%	59		%
Risk-free interest rate	2.06		%	1.38		%	1.73		%
Dividend yield	—			—			—
Expected life in years	5.65			6.25			5.75

Schedule of Option Activity

Option activities during the years ended December 31, 2015, 2016, and 2017 were as follows:



	Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life	Aggregate Intrinsic Value
						(In thousands)
Outstanding at January 1, 2015	425,000		$	19.20	5.79 years	$	—
Option Granted	400,000		$	8.07
Options forfeited and canceled	(50,000	)	$	29.58
Outstanding at December 31, 2015	775,000		$	12.78	5.53 years	$	120
Option Granted	150,000		$	8.55
Options forfeited and canceled	(325,000	)	$	16.09
Outstanding at December 31, 2016	600,000		$	9.93	8.55 years	$	—
Option Granted	400,000		$	6.95
Options forfeited and canceled	(50,000	)	$	8.55
Outstanding at December 31, 2017	950,000		$	8.75	8.48 years	$	—
Exercisable and fully vested at December 31, 2017	475,000		$	10.30	7.38 years	$	—
Outstanding at December 31, 2017 and expected to vest thereafter	475,000		$	7.20	9.58 years	$	—

Schedule of Outstanding Options

Outstanding options at December 31, 2017 were as follows:



Exercise Price		Shares Outstanding	Options Outstanding Weighted-Average Remaining Contractual Life	Weighted-Average Exercise Price		Shares Outstanding and Exercisable	Options Exercisable Weighted-Average Remaining Contractual Life
$	28.98	50,000	4.07 years	$	28.98	50,000	4.07 years
$	8.07	400,000	7.75 years	$	8.07	400,000	7.75 years
$	8.55	100,000	8.19 years	$	8.55	25,000	8.19 years
$	6.95	400,000	9.84 years	$	6.95	—	9.84 years