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COMMON STOCK AND STOCK INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2016
COMMON STOCK AND STOCK INCENTIVE PLANS  
Summary of stock options activity

 

 

 

Number of
shares
outstanding

 

Weighted
average
exercise
price

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

Options Outstanding, December 31, 2013

 

576

 

$

21.25

 

 

 

 

 

 

 

 

Options Granted

 

127

 

2.83

 

Options Exercised

 

 

 

Options Forfeited or Expired

 

(145

)

62.79

 

 

 

 

 

 

 

Options Outstanding, December 31, 2014

 

558

 

$

6.33

 

 

 

 

 

 

 

 

Options Granted

 

 

 

Options Exercised

 

(12

)

3.48

 

Options Forfeited or Expired

 

(131

)

7.30

 

 

 

 

 

 

 

Options Outstanding, December 31, 2015

 

415

 

$

6.11

 

 

 

 

 

 

 

 

Options Granted

 

267

 

2.24

 

Options Exercised

 

 

 

Options Forfeited or Expired

 

(77

)

18.79

 

 

 

 

 

 

 

Options Outstanding, December 31, 2016

 

605

 

$

2.78

 

 

 

 

 

 

 

 

 

Summary of unvested restricted awards

 

 

 

Shares

 

Weighted
average
grant date
fair value

 

 

 

(in thousands)

 

 

 

Total nonvested restricted stock at December 31, 2013

 

1,713

 

$

3.08

 

 

 

 

 

 

 

 

Granted

 

808

 

$

2.76

 

Vested

 

(603

)

$

3.15

 

Forfeited

 

(437

)

$

3.02

 

 

 

 

 

 

 

 

Total nonvested restricted stock at December 31, 2014

 

1,481

 

$

2.90

 

 

 

 

 

 

 

 

Granted

 

422

 

$

2.47

 

Vested

 

(427

)

$

3.07

 

Forfeited

 

(420

)

$

2.76

 

 

 

 

 

 

 

 

Total nonvested restricted stock at December 31, 2015

 

1,056

 

$

2.72

 

 

 

 

 

 

 

 

Granted

 

1,124

 

$

2.19

 

Vested

 

(624

)

$

2.77

 

Forfeited

 

(118

)

$

2.70

 

 

 

 

 

 

 

 

Total nonvested restricted stock at December 31, 2016

 

1,438

 

$

2.28

 

 

 

 

 

 

 

 

 

Summary of significant ranges of outstanding and exercisable stock options

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

Number

 

Average

 

Weighted

 

Number

 

Weighted

 

Range of

 

Outstanding

 

Remaining

 

Average

 

Exercisable

 

Average

 

Exercise Prices

 

as of 12/31/16

 

Contractual Term

 

Exercise Price

 

as of 12/31/16

 

Exercise Price

 

$

2.24

 

$

2.24

 

266,600

 

6.08

 

$

2.24

 

0

 

$

0.00

 

$

2.70

 

$

2.70

 

26,666

 

7.91

 

$

2.70

 

13,334

 

$

2.70

 

$

2.87

 

$

2.87

 

100,000

 

7.64

 

$

2.87

 

50,000

 

$

2.87

 

$

2.97

 

$

2.97

 

26,666

 

2.83

 

$

2.97

 

26,666

 

$

2.97

 

$

3.21

 

$

3.21

 

166,666

 

0.03

 

$

3.21

 

166,666

 

$

3.21

 

$

4.17

 

$

4.17

 

2,721

 

1.67

 

$

4.17

 

2,721

 

$

4.17

 

$

6.51

 

$

6.51

 

15,361

 

0.75

 

$

6.51

 

15,361

 

$

6.51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2.24

 

$

6.51

 

604,680

 

4.45

 

$

2.78

 

274,748

 

$

3.29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares

 

Weighted average exercise
price

 

 

 

 

 

 

 

Options exercisable at December 31, 2016

 

274,748

 

$

3.29

 

Options vested and expected to vest at December 31, 2016

 

604,680

 

$

2.78

 

 

Summary of the assumptions used in the estimating the fair values of stock-based payment awards excluding non-employee

 

 

 

Years ended December 31,

 

Stock Options:

 

2016

 

2015

 

2014

 

Expected term in years

 

4.75

 

4.75

 

4.75

 

Weighted average risk-free interest rate

 

1.29

%

1.5

%

1.5

%

Expected dividend rate

 

0

%

0

%

0

%

Volatility

 

51.60

%

72.7

%

72.7

%

 

Summary of the stock-based compensation expense recognized in the Company's Consolidated Statement of Operations

 

 

 

Years ended December 31,

 

 

 

2016

 

2015

 

2014

 

 

 

(in thousands)

 

Cost of net sales

 

$

1

 

$

40

 

$

60

 

Selling, general and administrative

 

2,193

 

1,392

 

2,185

 

Research and development

 

44

 

114

 

44

 

 

 

 

 

 

 

 

 

Total

 

$

2,238

 

$

1,546

 

$

2,289