Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2014

As of September 30, 2014, there was no balance owed on the credit facility and the balance available under the revolving credit facility was $50 million.


	Three Months Ended September 30,				Nine months Ended September 30,
	2014		2013		2014		2013
(In thousands):
Amortization of debt issuance costs	$	5	$	3	$	15	$	44
Unused line fees		—		—		—		74

	$	5	$	3	$	15	$	118

Summary of Authorized but Unissued shares

Total authorized but unissued shares were 20,818,660 as of September 30, 2014.


Plan Summary	Available for Grant			Options and Awards Outstanding⁽²⁾		Total Authorized But Unissued
Amended and Restated 1998 Equity Incentive Plan		9,333,879			10,708,217		20,042,096
2001 Supplemental Stock Plan		714,637			19,216		733,853
1998 Non-Employee Director Option Plan		—			95,000		95,000

Total Stock Plans		10,048,516			10,822,433		20,870,949
Miscellaneous Stock Grant ⁽¹⁾		(52,289	)		—		(52,289	)

Total Stock Plans Balance at September 30, 2014		9,996,227			10,822,433		20,818,660

(1)	Board approved stock grant on February 17, 2011 to the beneficiary of a deceased senior executive in recognition of services performed. Also included are 2,289 shares of stock granted to an employee in April 2013.

(2)	Total outstanding at September 30, 2014 includes 8,061,491 of options, 2,156,312 of RSUs and 604,630 of performance-based awards.

Summary of Stock Options Outstanding and Exercisable

All vested stock options are exercisable. The following table summarizes information about stock options outstanding and exercisable as of September 30, 2014:


	Options Outstanding						Options Exercisable
Range of Exercise Prices	Number of Shares		Weighted- Average Remaining Contractual Life		Weighted- Average Exercise Price		Number of Shares		Weighted- Average Exercise Price
$1.86-$4.01		1,391,649		2.77 years	$	3.45		1,380,649	$	3.44
$4.03-$5.09		1,069,881		5.17 years	$	4.66		964,821	$	4.69
$5.11-$5.45		1,038,900		2.97 years	$	5.14		1,021,468	$	5.14
$5.47-$5.65		1,772,230		7.16 years	$	5.51		1,214,970	$	5.50
$5.66-$6.10		1,319,309		4.98 years	$	6.04		994,693	$	6.09
$6.12-$6.29		147,912		4.94 years	$	6.22		117,822	$	6.21
$6.30-$6.30		1,040,777		7.29 years	$	6.30		667,562	$	6.30
$6.33-$7.91		280,833		7.70 years	$	6.96		155,584	$	6.79

$1.86-$7.91		8,061,491		5.24 years	$	5.25		6,517,569	$	5.10

Summary of Stock Options Outstanding (Vested and Expected to Vest) and Exercisable


	September 30, 2014		September 30, 2013
Options Outstanding – Vested and Expected to Vest
Vested and expected to vest, net of expected forfeitures		8,010,016		9,767,803
Aggregate intrinsic value (in thousands)	$	634	$	21,474
Weighted average exercise price per share	$	5.24	$	5.15
Weighted average remaining contractual term (in years)		5.22		5.67
Options Exercisable
Options currently exercisable		6,517,569		7,034,528
Aggregate intrinsic value of currently exercisable options (in thousands)	$	634	$	17,346
Weighted average exercise price per share	$	5.10	$	4.89
Weighted average remaining contractual term (in years)		4.53		4.59

Summary of Restricted Stock Units

Restricted stock unit activity for the nine months ended September 30, 2014 and 2013:


	September 30, 2014			September 30, 2013
Beginning outstanding balance		1,003,812			577,374
Awarded		1,262,500			447,500
Released		(55,500	)		(21,062	)
Forfeited		(54,500	)		—

Ending outstanding balance		2,156,312			1,003,812

Weighted Average Grant Date Fair Value of Restricted Stock Units Granted

The weighted average grant date fair value of restricted stock units granted during the nine months ended September 30, 2014 and 2013 were $5.93 and $5.73 per unit, respectively.


	Number of Units		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value (thousands)
Restricted stock units outstanding ⁽¹⁾		2,156,312		1.19	$	8,410
Restricted stock units vested and expected to vest ⁽²⁾		2,080,553		1.56	$	5,987
Restricted stock units vested and deferred ⁽³⁾		545,500		—	$	2,127

(1)	Total outstanding units include all unvested and vested but deferred shares which will be released to the employee upon separation from service.

(2)	Includes shares vested to-date and expected to vest shares which comprises of unvested shares net of expected forfeitures.

(3)	Vested awards with deferral elections to be released to the employee upon separation from service.

Summary of Performance Based Restricted Stock Units

Summary of Performance-Based Restricted Stock Units


	September 30, 2014		September 30 2013
Beginning outstanding balance		279,630		235,000
Awarded		325,000		125,000

Ending outstanding balance		604,630		360,000

Summary of Performance Based Restricted Stock Units

The weighted average grant date fair value of performance-based restricted stock units granted during the nine months ended September 30, 2014 and 2013 were $5.98 and $5.60 per unit, respectively.


	Number of Units		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value (thousands)
Performance-based units outstanding ⁽¹⁾		604,630		1.40	$	2,358
Performance-based units vested and expected to vest ⁽²⁾		581,138		1.37	$	2,122
Performance-based units vested and deferred ⁽³⁾		37,130		—	$	145

(1)	Total outstanding units include all unvested and vested but deferred shares which will be released to the employee upon separation from service.

(2)	Includes shares vested to-date and expected to vest shares which is comprised of unvested shares net of expected forfeitures.

(3)	Vested awards with deferral elections to be released to the employee upon separation from service.