Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of stock option grants

The following table summarizes stock option grants during the three months ended March 31, 2015:

Grantee Type	# of Options Granted	Vesting Period	Weighted Average Exercise Price		Weighted Average Grant Date Fair Value
2015
Director	2,849	1 year or less	$	4.07	$	0.97
Director	8,546	3 years	$	4.07	$	1.46
Employee inducements (1)	75,000	3 years	$	5.81	$	1.45

(1) The Company granted non-qualified stock options outside its existing stock-based compensation plans in the first quarter of 2015 to two employees in connection with the employees joining the Company.

Summary of nonvested stock awards granted

The following table summarizes nonvested stock awards granted during the three months ended March 31, 2015:

Grantee Type	# of Shares Granted	Vesting Period	Weighted Average Grant Date Fair Value
2015
Director	2,849	1 year or less	$	4.07
Director	8,546	3 years	$	4.07
Employee group (1)	1,325,000	2 years	$	4.00
Employee inducements (2)	10,000	3 years	$	5.29

(1) The Company granted nonvested performance-based stock awards (restricted stock units) in the first quarter of 2015 to eight executive officers.

(2) The Company granted nonvested stock awards (restricted stock) outside its existing stock-based compensation plans in the first quarter of 2015 to two employees in connection with the employees joining the Company.