XML 62 R26.htm IDEA: XBRL DOCUMENT v2.4.1.9
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock-Based Compensation  
Schedule of assumptions used in estimation of fair value of the share-based payment awards on the grant date

 

                                                                                                                                                                                    

 

 

Year Ended December 31,

 

Employee stock options:

 

2014

 

2013

 

2012

 

Risk-free interest rate

 

 

  1.3% -   1.7

%

 

  0.5% -   1.7

%

 

  0.2% -   0.8

%

Volatility

 

 

53.7% - 57.5

%

 

57.7% - 62.9

%

 

59.5% - 73.1

%

Expected life (years)

 

 

4.0 - 5.0

 

 

4.0 - 5.0

 

 

4.0 

 

Dividend yield

 

 

%

 

%

 

%

 

Summary of activity under the Plans

        A summary of option activity under the Plans is presented below (in thousands, except exercise price):

                                                                                                                                                                                    

 

 

 

 

Options outstanding

 

 

 

Shares
Available
for Grant

 

Number of
Shares

 

Weighted
Average
Exercise
Prices

 

Balance at December 31, 2011

 

 

1,977

 

 

6,528

 

$

4.48

 

Additional shares authorized under the Amended 2010 Plan

 

 

500

 

 

 

 

 

Options granted

 

 

(1,827

)

 

1,827

 

$

3.19

 

Options cancelled

 

 

1,217

 

 

(1,217

)

$

5.42

 

Options exercised

 

 

 

 

(266

)

$

2.38

 

Options expired

 

 

(602

)

 

 

$

6.89

 

​  

​  

​  

​  

Balance at December 31, 2012

 

 

1,265

 

 

6,872

 

$

4.05

 

Additional shares authorized under the Amended 2010 Plan

 

 

500

 

 

 

 

 

Restricted stock units granted

 

 

(35

)

 

 

 

 

Options granted

 

 

(1,543

)

 

1,543

 

$

4.27

 

Options cancelled

 

 

1,123

 

 

(1,123

)

$

6.00

 

Options exercised

 

 

 

 

(565

)

$

3.05

 

Options expired

 

 

(888

)

 

 

$

6.49

 

​  

​  

​  

​  

Balance at December 31, 2013

 

 

422

 

 

6,727

 

$

3.86

 

Additional shares authorized under the Amended 2010 Plan

 

 

2,000

 

 

 

 

 

Restricted stock units granted

 

 

(508

)

 

 

 

 

Restricted stock units cancelled

 

 

5

 

 

 

 

 

Options granted

 

 

(174

)

 

174

 

$

3.53

 

Options cancelled

 

 

496

 

 

(496

)

$

4.31

 

Options exercised

 

 

 

 

(411

)

$

3.06

 

Options expired

 

 

(481

)

 

 

$

4.32

 

​  

​  

​  

​  

Balance at December 31, 2014

 

 

1,760

 

 

5,994

 

$

3.87

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Summary of the inducement grant option activity

        A summary of the inducement grant option activity is presented below (in thousands, except exercise price):

                                                                                                                                                                                    

 

 

Options Outstanding

 

 

 

Number of
Shares

 

Weighted
Average
Exercise
Prices

 

Balance at December 31, 2011

 

 

4,815

 

$

3.29

 

Granted

 

 

350

 

$

3.92

 

Cancelled

 

 

(550

)

$

1.55

 

Exercised

 

 

(1,257

)

$

1.55

 

​  

​  

Balance at December 31, 2012

 

 

3,358

 

$

4.29

 

Granted

 

 

347

 

$

3.94

 

Cancelled

 

 

(7

)

$

3.45

 

Exercised

 

 

(520

)

$

3.28

 

​  

​  

Balance at December 31, 2013

 

 

3,178

 

$

4.42

 

Granted

 

 

418

 

$

3.68

 

Exercised

 

 

(73

)

$

2.59

 

Expired

 

 

(1,290

)

$

5.57

 

​  

​  

Balance at December 31, 2014

 

 

2,233

 

$

3.68

 

​  

​  

​  

​  

​  

 

Summary of restricted stock unit activity

        A summary of restricted stock unit activity under the Plans is presented below (in thousands, except fair value):

                                                                                                                                                                                    

 

 

Number of
Shares

 

Weighted
Average
Grant-Date
Fair Value

 

Non-vested shares at December 31, 2011

 

 

15

 

$

1.60

 

Vested

 

 

(12

)

$

1.62

 

Cancelled

 

 

(3

)

$

1.55

 

​  

​  

Non-vested shares at December 31, 2012

 

 

 

 

 

Granted

 

 

35

 

$

4.46

 

Vested

 

 

(8

)

$

4.46

 

​  

​  

Non-vested shares at December 31, 2013

 

 

27

 

$

4.46

 

Granted

 

 

508

 

$

4.61

 

Vested

 

 

(136

)

$

4.60

 

Cancelled

 

 

(5

)

$

4.62

 

​  

​  

Non-vested shares at December 31, 2014

 

 

394

 

$

4.61

 

​  

​  

​  

​  

​  

 

Summary of significant ranges of outstanding and exercisable options

        The following table summarizes significant ranges of outstanding and exercisable options as of December 31, 2014 (in thousands, except contractual life and exercise price):

                                                                                                                                                                                    

 

 

Options Outstanding

 

Options Exercisable

 

Range of Exercise Price

 

Number
Outstanding

 

Weighted
Average
Remaining
Contractual
Life
(in Years)

 

Weighted
Average
Exercise
Price

 

Number
Exercisable

 

Weighted
Average
Exercise
Price

 

Aggregate
Intrinsic
Value

 

$1.50 - $3.10

 

 

2,155 

 

 

2.60 

 

$

2.48 

 

 

1,579 

 

$

2.34 

 

 

 

 

$3.11 - $3.85

 

 

2,289 

 

 

4.00 

 

$

3.52 

 

 

1,541 

 

$

3.57 

 

 

 

 

$3.86 - $4.46

 

 

2,241 

 

 

5.79 

 

$

4.28 

 

 

1,315 

 

$

4.27 

 

 

 

 

$4.47 - $6.50

 

 

1,542 

 

 

2.88 

 

$

5.47 

 

 

1,277 

 

$

5.52 

 

 

 

 

​  

​  

​  

​  

$1.50 - $6.50

 

 

8,227 

 

 

3.91 

 

$

3.82 

 

 

5,712 

 

$

3.83 

 

$

197 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Vested and expected to vest

 

 

7,981 

 

 

3.81 

 

$

3.82 

 

 

 

 

 

 

 

$

196 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

Exercisable

 

 

5,712 

 

 

2.92 

 

$

3.83 

 

 

 

 

 

 

 

$

191 

 

​  

​  

​  

​  

​  

​  

​  

​  

​