XML 19 R46.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Option and Purchase Plans (Tables)
12 Months Ended
Dec. 31, 2012
Stock Option and Purchase Plans [Abstract]  
Estimate fair value of options granted

The following weighted average assumptions were used to estimate the fair value of options granted using the Black-Scholes option-pricing model:

 

                 
    Year ended
December 31,
 
    2012     2011  

Expected life (years)

    4.0       4.0  

Expected volatility

    100.3     91.3

Risk-free interest rates

    1.01     2.24

Expected dividend yield

    1.62       0  
Summary of restricted stock activity

A summary of the restricted stock activity is as follows:

 

                 
    Number of
Shares
    Weighted
Average
Grant
Date Fair
Value
 

Nonvested shares at January 1, 2012

    1,145,753     $ 3.05  

Granted

    305,000       4.05  

Vested

    (364,193     1.66  

Forfeited

    (20,000     3.29  
   

 

 

   

 

 

 
     

Nonvested shares at December 31, 2012

    1,066,560     $ 3.81  
   

 

 

   

 

 

 
Summary of option activity

The following table summarizes option activity for the year ended December 31, 2012:

 

                                 
    Number of
Shares
    Weighted-
average
Exercise
Price Per
Share
    Weighted-
average
Remaining
Term
    Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2012

    1,184,933     $ 4.10                  

Granted

    320,500       4.06                  

Exercised

    (110,100     1.12                  

Forfeited

    (35,700     4.21                  

Expired

    (306,522     7.31                  
   

 

 

   

 

 

                 
         

Outstanding at December 31, 2012

    1,053,111     $ 3.46       2.71     $ 972,000  
   

 

 

   

 

 

           

 

 

 
         

Exercisable at December 31, 2012

    337,322     $ 2.92       1.36     $ 724,000