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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options, activity
The following table summarizes stock option activity for the three months ended March 31, 2017.
Options
 
Shares
 
Weighted-
Average
Exercise
Price
(Per Share)
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
($ 000’s)
Outstanding at January 1, 2017
 
3,420,385

 
$
6.26

 
4.3 years
 
$
1,204

Granted (1)
 
143,750

 
5.94

 
 
 
 
Exercised
 
(84,467
)
 
4.52

 
 
 
$
382

Forfeited
 
(283,500
)
 
6.20

 
 
 
 
Expired
 
(2,500
)
 
5.98

 
 
 
 
Outstanding at March 31, 2017
 
3,193,668

 
$
6.30

 
4.2 years
 
$
1,633

Exercisable at March 31, 2017
 
2,158,893

 
$
6.38

 
3.5 years
 
$
837

(1) During the three months ended March 31, 2017, 100,000 shares were granted to employees as inducements for employment and 43,750 shares were granted to a new member of the Board of Directors. The weighted-average grant date fair value of options granted was $3.31 per share for the three months ended March 31, 2017.
Summary of nonvested stock awards granted
The following table summarizes nonvested stock activity during the three months ended March 31, 2017.
Nonvested Stock
 
Shares
 
Weighted
Average Grant
Date Fair Value
(Per Share)
Nonvested at January 1, 2017
 
3,893,050

 
$
4.37

Granted (1)
 
458,000

 
6.30

Vested
 

 

Forfeited
 
(2,358,060
)
 
4.02

Nonvested at March 31, 2017
 
1,992,990

 
$
4.73

(1) The weighted-average grant date fair value of nonvested stock awards (restricted stock and restricted stock units) granted during the three months ended March 31, 2017 was $6.30