STOCK BASED COMPENSATION (Tables)
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12 Months Ended |
Dec. 31, 2015 |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Summary of employee and nonemployee stock based compensation |
The following table summarizes employee and nonemployee stock based compensation for the years ended December 31, 2015 and 2014: | | | | | | | | | | | | Year Ending December 31, | Amounts in (000's) | | 2015 | | 2014 | Employee compensation: | | | | | Stock options | | $ | 42 |
| | $ | 305 |
| Warrants | | 196 |
| | 149 |
| Restricted stock | | 431 |
| | 139 |
| Total employee stock-based compensation expense | | $ | 669 |
| | $ | 593 |
| Non-employee compensation: | | | | | Stock options | | $ | 49 |
| | $ | 236 |
| Warrants | | — |
| | 11 |
| Restricted stock | | 224 |
| | 315 |
| Total non-employee stock-based compensation expense | | $ | 273 |
| | $ | 562 |
| Total stock-based compensation expense | $ | 942 |
| | $ | 1,155 |
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| Summary of the Company's stock option activity |
The following summarizes the Company's employee and non-employee stock option activity for the years ended December 31, 2015 and 2014: | | | | | | | | | | | | | | | | | Number of
Options (000's) | | Weighted
Average
Exercise
Price | | Weighted Average
Remaining Contract Life (in years) | | Aggregate
Intrinsic
Value (000's) (a) | Outstanding at December 31, 2013 | | 1,804 |
| | $ | 4.54 |
| | | | |
| Granted | | 159 |
| | $ | 4.01 |
| | | | |
| Exercised | | (251 | ) | | $ | 3.83 |
| | | | |
| Forfeited | | (581 | ) | | $ | 4.17 |
| | | | |
| Expired | | (196 | ) | | $ | 4.35 |
| | | | |
| Outstanding at December 31, 2014 | | 935 |
| | $ | 4.91 |
| | 7.3 | | $ | 61 |
| Vested at December 31, 2014 | | 647 |
| | $ | 5.28 |
| | 6.7 | | $ | 48 |
| Vested or Expected to Vest at December 31, 2014 (b) | | 893 |
| | $ | 4.94 |
| | 7.3 | | $ | 61 |
| | | | | | | | | | Outstanding at December 31, 2014 | | 935 |
| | $ | 4.91 |
| | | | | Granted | | — |
| | $ | — |
| | | | | Exercised | | (13 | ) | | $ | 2.35 |
| | | | | Forfeited | | (535 | ) | | $ | 5.63 |
| | | | | Expired | | (120 | ) | | $ | 4.10 |
| | | | | Outstanding at December 31, 2015 | | 267 |
| | $ | 3.96 |
| | 6.9 | | $ | 2 |
| Vested at December 31, 2015 | | 184 |
| | $ | 3.96 |
| | 6.1 | | $ | 2 |
| Vested or Expected to Vest at December 31, 2015 (b) | | 264 |
| | $ | 3.96 |
| | 6.9 | | $ | 2 |
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(a) Represents the aggregate gain on exercise for vested in-the-money options as of December 31, 2015. (b) Includes forfeiture adjusted unvested shares. |
| Summary of the Company's restricted stock activity |
The following summarizes the Company's restricted stock activity for the year ended December 31, 2015 and 2014: | | | | | | | | | | | Number
of
Shares (000's) | | Weighted Average
Grant Date
Fair Value | Unvested at December 31, 2013 | | 314 |
| | $ | 3.31 |
| Granted | | 221 |
| | $ | 4.30 |
| Vested | | (11 | ) | | $ | 4.34 |
| Forfeited | | (20 | ) | | $ | 4.34 |
| Unvested at December 31, 2014 | | 504 |
| | $ | 3.68 |
| Granted | | 204 |
| | $ | 4.05 |
| Vested | | (393 | ) | | $ | 3.51 |
| Forfeited | | (21 | ) | | $ | 3.20 |
| Unvested at December 31, 2015 | | 294 |
| | $ | 4.19 |
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| Schedule of exercise price range |
The following summary information reflects stock options outstanding, vested and related details as of December 31, 2015: | | | | | | | | | | | | | | | | | | | | Stock Options Outstanding | | Stock Options Exercisable | Exercise Price | | Number Outstanding (000's) | | Weighted Average Remaining Contractual Term (in years) | | Weighted Average Exercise Price | | Vested and Exercisable (000's) | | Weighted Average Exercise Price | $1.30 | | 2 |
| | 0.4 | | $ | 1.30 |
| | 2 |
| | $ | 1.30 |
| $1.31 - $3.99 | | 174 |
| | 6.5 | | $ | 3.91 |
| | 105 |
| | $ | 3.92 |
| $4.00 - $4.30 | | 91 |
| | 7.8 | | $ | 4.10 |
| | 77 |
| | $ | 4.09 |
| Total | | 267 |
| | 6.9 | | $ | 3.96 |
| | 184 |
| | $ | 3.96 |
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| Outstanding options & warrants by individual price |
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| Warrant |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of exercise price range |
The following summary information reflects warrants outstanding, vested and related details as of December 31, 2015: | | | | | | | | | | | | | | | | | | | | Warrants Outstanding | | Warrants Exercisable | Exercise Price | | Number Outstanding (000's) | | Weighted Average Remaining Contractual Term (in years) | | Weighted Average Exercise Price | | Vested and Exercisable (000's) | | Weighted Average Exercise Price | $1.04 - $1.99 | | 328 |
| | 1.9 | | $ | 1.56 |
| | 328 |
| | $ | 1.56 |
| $2.00 - $2.99 | | 335 |
| | 2.5 | | $ | 2.58 |
| | 335 |
| | $ | 2.58 |
| $3.00 - $3.99 | | 500 |
| | 3.8 | | $ | 3.59 |
| | 500 |
| | $ | 3.59 |
| $4.00 - $4.99 | | 865 |
| | 7.2 | | $ | 4.37 |
| | 390 |
| | $ | 4.40 |
| $5.00 - $5.90 | | 23 |
| | 7.4 | | $ | 5.90 |
| | 23 |
| | $ | 5.90 |
| Total | | 2,051 |
| | 4.8 | | $ | 3.46 |
| | 1,576 |
| | $ | 3.19 |
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| Employee |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of assumptions used in calculating fair value of warrants using the Black Sholes Merton option-pricing model |
The assumptions used in calculating the fair value of employee stock options and warrants granted for the years ended December 31, 2015 and 2014, using the Black-Scholes-Merton option-pricing model, are set forth in the following table: | | | | | | | | | | Year Ending December 31, |
| | 2015 | | 2014 | Dividend Yield | | 4.8 | % | | — | % | Expected Volatility | | 38.6 | % | | 40.9% - 51.0% |
| Risk-Free Interest Rate | | 1.1 | % | | 0.9% - 1.7% |
| Expected Term (in years) | | 3.9 |
| | 5.2 years |
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| Employee | Warrant |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of common stock warrant activity |
The following summarizes the Company's employee and non-employee common stock warrant activity for the years ended December 31, 2015 and 2014: | | | | | | | | | | | | | | | | | Number of Warrants (000's) | | Weighted Average Exercise Price | | Weighted
Average
Remaining
Contract Life (in years) | | Aggregate Intrinsic Value (000's) (a) | Outstanding at December 31, 2013 | | 3,865 |
| | $ | 3.48 |
| | | | |
| Granted | | 573 |
| | $ | 4.31 |
| | | | |
| Exercised | | (1,275 | ) | | $ | 3.55 |
| | | | |
| Forfeited | | (82 | ) | | $ | 5.33 |
| | | | |
| Expired | | (365 | ) | | $ | 4.29 |
| | | | | Outstanding at December 31, 2014 | | 2,716 |
| | $ | 3.45 |
| | 3.9 | | $ | 1,820 |
| Vested at December 31, 2014 | | 2,192 |
| | $ | 3.25 |
| | 3.0 | | $ | 1,820 |
| Vested or Expected to Vest at December 31, 2014 (b) | | 2,670 |
| | $ | 3.25 |
| | 3.8 | | $ | 1,820 |
| | | | | | | | | | Outstanding at December 31, 2014 | | 2,716 |
| | $ | 3.45 |
| | | | | Granted | | 275 |
| | $ | 4.25 |
| | | | | Exercised | | (519 | ) | | $ | 3.43 |
| | | | | Forfeited | | (225 | ) | | $ | 4.04 |
| | | | | Expired | | (196 | ) | | $ | 3.91 |
| | | | | Outstanding at December 31, 2015 | | 2,051 |
| | $ | 3.46 |
| | 4.7 | | $ | 305 |
| Vested at December 31, 2015 | | 1,576 |
| | $ | 3.19 |
| | 3.5 | | $ | 305 |
| Vested or Expected to Vest at December 31, 2015 (b) | | 1,998 |
| | $ | 3.43 |
| | 4.7 | | $ | 305 |
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(a) Represents the aggregate gain on exercise for vested in-the-money warrants as of December 31, 2015. (b) Includes forfeiture adjusted unvested shares. |
| Nonemployee |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of assumptions used in calculating fair value of warrants using the Black Sholes Merton option-pricing model |
| | | | | | | 2014 | Dividend Yield | | — | % | Expected Volatility | | 38.9% - 39.7% |
| Risk-Free Interest Rate | | 0.7% - 1.1% |
| Expected Term (in years) | | 2 - 10 |
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