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Employee Share-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2017
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 loss were as follows:

 

     Year Ended December 31,  
     2017      2016      2015  
     (In Thousands)  

Project and personnel costs

   $ 203      $ 202      $ 191  

Selling, general and administrative

     819        1,084        1,402  
  

 

 

    

 

 

    

 

 

 

Total share-based compensation expense

   $ 1,022      $ 1,286      $ 1,593  
  

 

 

    

 

 

    

 

 

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

The fair value of each option award granted during 2017, 2016 and 2015, was based upon the following weighted-average assumptions:

 

     Year Ending December 31,  
         2017             2016             2015      

Expected volatility

     39.7     40.8     46.6

Expected dividend yield

     -     -     -

Expected life (in years)

     3.56       3.57       3.63  

Risk-free interest rate

     1.5     1.1     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, 2016

     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  

Granted

     177,000        6.94        

Exercised

     (1,178,617      3.52        

Forfeited or expired

     (386,348      6.25        
  

 

 

    

 

 

       

Outstanding at December 31, 2017

     1,462,365      $ 4.85        2.51      $ 2,435  
  

 

 

    

 

 

    

 

 

    

 

 

 

Vested and expected to vest at December 31, 2017

     1,421,378      $ 4.79        2.46      $ 2,202  
  

 

 

    

 

 

    

 

 

    

 

 

 

Exercisable at December 31, 2017

     1,285,060      $ 4.55        2.24      $ 2,435  
  

 

 

    

 

 

    

 

 

    

 

 

 
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, 2016

     168,117      $ 6.36  

Granted

     —          —    

Vested

     (92,683      (5.88
  

 

 

    

 

 

 

Non-vested at December 31, 2016

     75,434      $ 6.95  

Granted

     13,500        6.98  

Vested

     (73,851      (6.94
  

 

 

    

 

 

 

Non-vested at December 31, 2017

     15,083      $ 6.98  
  

 

 

    

 

 

 

Expected to vest at December 31, 2017

     15,083      $ 6.98  
  

 

 

    

 

 

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

Expected volatility was based on historical volatility.

 

     Year Ended December 31,  
       2017         2016         2015    

Expected volatility

     34.1     30.5     32.0

Expected dividend yield

     -     -     -

Expected life (in years)

     0.25       0.25       0.25  

Risk-free interest rate

     0.9     0.3     0.0