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Employee Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
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 (loss) were as follows:

 

     Year Ended December 31,  
     2016      2015      2014  
     (In Thousands)  

Project and personnel costs

   $ 202      $ 191      $ 242  

Selling, general and administrative

     1,084        1,402        1,270  
  

 

 

    

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,286      $ 1,593      $ 1,512  
  

 

 

    

 

 

    

 

 

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

The fair value of each option award granted during 2016, 2015 and 2014, was based upon the following weighted-average assumptions:

 

     Year Ending December 31,  
         2016             2015             2014      

Expected volatility

     40.8     46.6     48.0

Expected dividend yield

     -     -     -

Expected life (in years)

     3.57       3.63       3.69  

Risk-free interest rate

     1.1     1.1     0.8
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, 2015

     3,735,233      $ 3.85        

Granted

     304,000        7.05        

Exercised

     (259,549      3.21        

Forfeited or expired

     (29,901      3.80        
  

 

 

    

 

 

       

Outstanding at December 31, 2015

     3,749,783      $ 4.15        2.93      $ 14,456  

Granted

     45,000        7.61        

Exercised

     (883,085      3.64        

Forfeited or expired

     (61,368      4.64        
  

 

 

    

 

 

       

Outstanding at December 31, 2016

     2,850,330      $ 4.36        2.63      $ 8,961  
  

 

 

    

 

 

    

 

 

    

 

 

 

Vested and expected to vest at December 31, 2016

     2,778,665      $ 4.29        2.57      $ 8,041  
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2016

     2,531,819      $ 4.02        2.35      $ 8,810  
  

 

 

    

 

 

    

 

 

    

 

 

 
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, 2015

     153,718      $ 5.57  

Granted

     91,000        7.00  

Vested

     (76,601      (5.54
  

 

 

    

 

 

 

Non-vested at December 31, 2015

     168,117      $ 6.36  

Granted

     —          —    

Vested

     (92,683      (5.88
  

 

 

    

 

 

 

Non-vested at December 31, 2016

     75,434      $ 6.95  
  

 

 

    

 

 

 

Expected to vest at December 31, 2016

     75,434      $ 6.95  
  

 

 

    

 

 

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

Expected volatility was based on historical volatility.

 

     Year Ended December 31,  
       2016         2015         2014    

Expected volatility

     30.5     32.0     47.2

Expected dividend yield

     -     -     -

Expected life (in years)

     0.25       0.25       0.25  

Risk-free interest rate

     0.3     0.0     0.0