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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-Based Compensation
Stock-based compensation for continuing operations consisted of the following: Stock-based compensation for discontinued operations was immaterial.
 
 
Three Months Ended
 
Nine Months Ended
 
 
September 30,
 
September 30,
(In millions)
 
2016
 
2015
 
2016
 
2015
Stock-based compensation expense
 
$
0.2

 
$
0.3

 
$
0.6

 
$
1.7

Summary of Stock Option Activity
The following table summarizes our stock option activity:
 
 
Stock Options
 
Weighted Average Exercise Price
Outstanding December 31, 2015
 
4,551,221

 
$
9.02

Granted
 
20,000

 
0.83

Exercised
 
(7,222
)
 
1.40

Canceled
 
(1,158,915
)
 
16.01

Forfeited
 
(506,014
)
 
1.52

Outstanding September 30, 2016
 
2,899,070

 
$
7.71

Exercisable as of September 30, 2016
 
2,288,411

 
$
9.37

Summary of Weighted Average Assumptions Used in the Valuation of Stock Options
The following table summarizes our weighted average assumptions used in the Black Scholes valuation of stock options:
 
Nine Months Ended
 
September 30,
 
2016
 
2015
Volatility
41.0
%
 
46.0
%
Risk-free interest rate
1.8
%
 
1.9
%
Expected life (months)
72

 
73

Dividend yield

 

Summary of Restricted Stock Activity
The following table summarizes our restricted stock activity:
 
 
Restricted Stock
 
Weighted Average Grant Date Fair Value Per Share
Nonvested as of December 31, 2015
 
1,162,776

 
$
2.34

Granted
 

 

Vested
 
(306,888
)
 
2.47

Forfeited
 
(102,407
)
 
2.33

Nonvested as of September 30, 2016
 
753,481

 
$
2.28