XML 40 R30.htm IDEA: XBRL DOCUMENT v2.4.1.9
Employee Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based 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,  
     2014      2013      2012  
     (In Thousands)  

Project and personnel costs

   $ 242       $ 276       $ 366   

Selling, general and administrative

     1,270         1,193         1,053   
  

 

 

    

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,512       $ 1,469       $ 1,419   
  

 

 

    

 

 

    

 

 

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

The fair value of each option award granted during 2014, 2013 and 2012, was based upon the following weighted-average assumptions:

 

     Year Ending December 31,  
         2014             2013             2012      

Expected volatility

     48.0 %     47.5 %     52.4 %

Expected dividend yield

     - %     - %     - %

Expected life (in years)

     3.69        3.75        3.86   

Risk-free interest rate

     0.8 %     0.4 %     0.4 %
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, 2013

     4,109,537       $ 3.85         

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   

Granted

     352,500         6.92         

Exercised

     (346,189 )      3.69         

Forfeited or expired

     (280,106 )      8.45         
  

 

 

    

 

 

       

Outstanding at December 31, 2014

     3,735,233       $ 3.85         3.51       $ 13,667   
  

 

 

    

 

 

    

 

 

    

 

 

 

Vested and expected to vest at December 31, 2014

     3,555,183       $ 3.79         3.42       $ 10,054   
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2014

     2,935,009       $ 3.50         3.02       $ 11,779   
  

 

 

    

 

 

    

 

 

    

 

 

 
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, 2013

     9,000       $ 2.97   

Granted

     131,380         4.16   

Vested

     (14,190 )      (2.97 )
  

 

 

    

 

 

 

Non-vested at December 31, 2013

     126,190       $ 4.13   

Granted

     84,800         7.01   

Vested

     (57,272 )      (4.49 )
  

 

 

    

 

 

 

Non-vested at December 31, 2014

     153,718       $ 5.57   
  

 

 

    

 

 

 

Expected to vest at December 31, 2014

     153,718       $ 5.57   
  

 

 

    

 

 

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

Expected volatility was based on historical volatility.

 

     Year Ended December 31,  
       2014         2013         2012    

Expected volatility

     47.2 %     42.7 %     52.5 %

Expected dividend yield

     - %     - %     - %

Expected life (in years)

     0.25        0.25        0.25   

Risk-free interest rate

     0.0 %     0.1 %     0.1 %