XML 54 R35.htm IDEA: XBRL DOCUMENT v3.3.1.900
Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Stock-based Compensation [Abstract]  
Stock Option Activity
A summary of activity for the year ended December 31, 2015 is as follows:

  
Options
  
Weighted Average Exercise Price
 
Balance as of January 1, 2015
  
9,115,348
  
$
3.93
 
Granted
  
2,168,000
  
$
0.46
 
Exercised
  
  
$
 
Expired
  
(445,151
)
 
$
3.85
 
Cancelled/forfeited
  
(2,232,292
)
 
$
4.23
 
Balance as of December 31, 2015
  
8,605,905
  
$
2.99
 
Stock Options Vested and Expected to Vest
  
Options
  
Weighted Average Exercise Price
  
Weighted Average Remaining Contractual Term (years)
  
Aggregate Intrinsic Value
 
Balance as of December 31, 2015
  
8,605,905
  
$
2.99
   
6.69
  
$
 
Vested and expected to vest at December 31, 2015
  
8,470,861
  
$
3.02
   
6.65
  
$
 
Exercisable at December 31, 2015
  
5,368,247
  
$
4.04
   
5.39
  
$
 
Weighted-average Assumptions
The fair value of each option awarded during the year ended December 31, 2015, 2014 and 2013 was estimated on the date of grant using the Black-Scholes-Merton option valuation model based on the following weighted-average assumptions:

  
Years ended December 31,
 
  
2015
  
2014
  
2013
 
Expected term
 
6.0 years
  
6.0 years
  
6.0 years
 
Risk-free interest rate
  
1.58
%
  
1.86
%
  
1.12
%
Volatility
  
75.07
%
  
77.52
%
  
75.27
%
Dividends
  
   
   
 
Resulting weighted average grant date fair value
 
$
0.30
  
$
1.35
  
$
1.72
 
Restricted Stock Awards Activity
A summary of activity for the year ended December 31, 2015 is as follows:

  
Restricted Stock Awards
  
Weighted Average Grant Date Fair Value
 
Balance as of January 1, 2015
  
199,223
  
$
3.09
 
Granted
  
541,377
  
$
0.68
 
Exercised/Released
  
(152,682
)
 
$
3.13
 
Expired
  
(108,877
)
 
$
0.73
 
Cancelled/forfeited
  
(11,100
)
 
$
1.84
 
Balance as of December 31, 2015
  
467,941
  
$
0.81
 
Restricted Stock Awards Vested and Expected to Vest
  
Restricted Stock Awards
  
Weighted Average Grant Date Fair Value
  
Weighted Average Remaining Contractual Term (years)
 
Balance as of December 31, 2015
  
467,941
  
$
0.81
   
0.94
 
Vested and expected to vest at December 31, 2015
  
279,897
  
$
0.90
   
1.21
 
Outstanding at December 31, 2015
  
18,241
  
$
3.21
   
6.82
 
Compensation Cost Recognized for Stock Options and Restricted Stock Awards
The following summarizes the total compensation cost recognized for the stock options and restricted stock awards in the accompanying financial statements:

  
Years ended December 31,
 
  
2015
  
2014
  
2013
 
          
Total compensation cost for share-based payment arrangements recognized in the statement of operations (net of tax of $0)
 
$
2,041,000
  
$
3,101,000
  
$
3,608,000