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Employee Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Share-Based Compensation Expense

The share-based compensation expense and its classification in the statements of comprehensive income were as follows:

 

     Year Ended December 31,  
     2013      2012      2011  
     (In Thousands)  

Project and personnel costs

   $ 276       $ 366       $ 343   

Selling, general and administrative

     1,193         1,053         858   
  

 

 

    

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,469       $ 1,419       $ 1,201   
  

 

 

    

 

 

    

 

 

 
Schedule of Fair Value of Option Award Granted Based Upon Weighted-Average Assumptions

The fair value of each option award granted during 2013, 2012 and 2011, was based upon the following weighted-average assumptions:

 

     Year Ending December 31,  
         2013             2012           2011      

Expected volatility

     47.5     52.4     53.8

Expected dividend yield

     -     -     -

Expected life (in years)

     3.75        3.86        3.61   

Risk-free interest rate

     0.4     0.4     1.1

Summary of Stock Option Activity Under the Equity Plans

A summary of stock option activity under the Equity Plans (excluding restricted share awards) is presented below:

 

Stock Options:

   Shares
Under
Options
    Weighted
Average
Exercise Price
Per Share
     Weighted
Average
Remaining
Contractual
Term (Years)
     Aggregate
Intrinsic
Value
 
                         (In Thousands)  

Outstanding at January 1, 2012

     3,730,573      $ 3.88         

Granted

     938,757        3.85         

Exercised

     (99,541     2.69         

Forfeited or expired

     (460,252     4.35         
  

 

 

   

 

 

       

Outstanding at December 31, 2012

     4,109,537      $ 3.85         4.42       $ 2,019   

Granted

     412,170        4.18         

Exercised

     (250,123     3.39         

Forfeited or expired

     (262,556     4.30         
  

 

 

   

 

 

       

Outstanding at December 31, 2013

     4,009,028      $ 3.89         3.87       $ 12,933   
  

 

 

   

 

 

    

 

 

    

 

 

 

Vested and expected to vest at December 31, 2013

     3,737,491      $ 3.90         3.75       $ 12,058   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2013

     2,802,198      $ 3.94         3.18       $ 9,043   
  

 

 

   

 

 

    

 

 

    

 

 

 

Summary of Non-vested Restricted Share Activity Under the Restricted Share Plans

A summary of non-vested restricted share activity under the Restricted Share Plans is presented below:

 

Restricted Share Awards:

   Non-vested
Restricted
Shares
    Weighted
Average
Grant Date
Fair Value
 

Non-vested at January 1, 2012

     15,460      $ 4.33   

Granted

     -        -   

Vested

     (6,460     6.23   

Forfeited or expired

     -        -   
  

 

 

   

 

 

 

Non-vested at December 31, 2012

     9,000      $ 2.97   

Granted

     131,380        4.16   

Vested

     (14,190     (2.97

Forfeited or expired

     -        -   
  

 

 

   

 

 

 

Non-vested at December 31, 2013

     126,190      $ 4.13   
  

 

 

   

 

 

 

Expected to vest at December 31, 2013

     126,190      $ 4.13   
  

 

 

   

 

 

 

Summary Weighted-average Fair Value of the Shares Issued Under the ESPP Plans

Expected volatility was based on historical volatility.

 

     Year Ended December 31,  
         2013           2012             2011      

Expected volatility

     42.7     52.5     53.4

Expected dividend yield

     -     -     -

Expected life (in years)

     0.25        0.25        0.25   

Risk-free interest rate

     0.1     0.1     0.1