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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Summary of Stock Option Activity

A summary of stock option activity under the Plan as of September 30, 2014, and the changes during the nine months then ended is as follows:

 

     Number of
Shares
    Weighted
Average
Exercise
Price ($)
     Weighted
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value ($)
 

Outstanding at December 31, 2013

     7,697,892        1.89         

Granted

     1,957,701        3.08         

Exercised

     (1,991,728     1.19            3,499,052   

Cancelled/Forfeited

     (556,675     3.36         
  

 

 

         

Outstanding at September 30, 2014

     7,107,190        2.30         6.3         2,050,397   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at September 30, 2014

     4,893,821        1.85         5.0         2,050,397   
  

 

 

   

 

 

    

 

 

    

 

 

 
Assumptions Used in Fair Value Measurement of Options Granted
     September 30,  
     2014     2013  

Risk-free interest rate

     1.7     0.7

Annualized volatility

     62.0     62.5

Weighted average expected life, in years

     6.0        6.0   

Expected dividend yield

     0.0     0.0
Schedule of Performance Stock Unit Awards and Restricted Stock Granted Under Long Term Incentive Program

The performance stock unit awards and restricted stock granted under the long term incentive program are summarized in the following table:

 

     Performance Stock Units      Restricted Stock  
     Number of
Shares
    Weighted
Average Fair
Value ($)
     Number of
Shares
    Weighted
Average Fair
Value ($)
 

Outstanding at December 31, 2013

     406,663        3.19         155,724        3.96   

Granted

     651,980        3.02         325,991        3.02   

Vested

     (75,000     1.66         (51,907     3.96   

Forfeited/Expired

     (400,360     3.21         (150,726     3.45   
  

 

 

   

 

 

    

 

 

   

 

 

 

Outstanding at September 30, 2014

     583,283        3.19         279,082        3.14