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CAPITAL STOCK (Tables)
3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Fair Value of each Option Grant
     

Three Months Ended

March 31,

          2013   2014
                       
Risk-free interest rate           0.54%   0.89%
Expected lives           3.4 years   3.4 years
Expected volatility           52%   43%
Expected dividend yield           0.00%   0.00%
                           

 

Summary of Company Stock Option Plans
 

Year Ended

December 31, 2013

Three Months Ended

March 31, 2014

 

 

 

 

 

Options

 

Weighted

Average

Exercise

Price

 

 

 

 

 

Options

 

Weighted

Average

Exercise

Price

Outstanding at beginning of period   1,245,161   $ 11.054     1,321,232   $ 10.386  
  Granted at market   275,654   $ 7.532     4,700   $ 9.380  
  Cancelled   (166,286 ) $ 11.437     (119,036 ) $ 19.483  
  Exercised   (33,297 ) $ 6.488     (40,507 ) $ 6.245  
Outstanding at end of period   1,321,232   $ 10.386     1,166,389   $ 9.597  
Exercisable at end of period   939,458   $ 11.556     826,079   $ 10.436  

 

Stock Options Outstanding and Exercisable
Options Outstanding Options Exercisable  
Exercise Prices Number of
Options
Outstanding
at
March 31,
2014
Weighted
Average
Remaining
Contractual
Life in Years
Weighted
Average
Exercise
Price
Number of
Options
Exercisable
at
March 31,
2014
Weighted
Average
Exercise
Price
 
$  2.70 - $  6.76   205,248     5.45   $ 5.024     183,625   $ 4.968  
$  6.77 - $  7.36   287,802     8.84   $ 7.217     69,275   $ 7.009  
$  7.37 - $  8.76   190,785     7.47   $ 8.450     102,328   $ 8.421  
$  8.77 - $12.50   286,026     2.26   $ 10.723     274,323   $ 10.770  
$12.51 - $22.50   196,528     2.21   $ 17.336     196,528   $ 17.336  
$  2.70 - $22.50   1,166,389     5.29   $ 9.597     826,079   $ 10.436