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CAPITAL STOCK (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of weighted average valuation assumptions
The fair value of each option grant was estimated on the date of grant using the Black-Scholes option- pricing model with the following weighted average assumptions for options granted in the three and nine months ended September 30, 2015 and 2016.
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2016
 
2015
 
2016
Risk-free interest rate
1.15%
 
1.14%
 
1.16%
 
1.19%
Expected lives
3.4 years
 
4.5 years
 
3.4 years
 
4.5 years
Expected volatility
40%
 
40%
 
42%
 
41%
Expected dividend yield
0%
 
0%
 
0%
 
0%
Schedule of stock options plans
A summary of our stock option plans, excluding options to purchase fractional shares resulting from our December 2010 1-for-10 reverse stock split, is as follows:
 
Year Ended
December 31,
 
Nine months ended September 30, 2016
 
2015
 
2016
 
 
 
 
Options
 
Weighted Average Exercise Price
 
 
 
 
Options
 
Weighted Average Exercise Price
Outstanding at beginning of period
1,074,251

 
$
10.110

 
940,610

 
$
14.163

Granted at Market
146,446

 
$
36.904

 
19,855

 
$
39.467

Canceled
(28,440
)
 
$
10.080

 
(463
)
 
$
14.881

Exercised
(251,647
)
 
$
10.559

 
(107,995
)
 
$
13.528

Outstanding at end of period
940,610

 
$
14.163

 
852,007

 
$
14.833

Exercisable at end of period
621,559

 
$
10.269

 
631,884

 
$
11.560

Schedule of shares authorized under stock options plans by exercise price
The following table summarizes information about stock options outstanding and exercisable at September 30, 2016, excluding outstanding options to purchase an aggregate of 3.5 fractional shares resulting from our December 2010 1-for-10 reverse stock split with a weighted average remaining contractual life of 0.2 years, a weighted average exercise price of $17.93 and exercise prices ranging from $17.17 - $22.50. We intend to issue whole shares only from option exercises.
 
 
Options Outstanding
 
Options Exercisable
Exercise Prices
 
Number of
Options
Outstanding
at
September 30,
2016
 
Weighted
Average
Remaining
Contractual
Life in Years
 
Weighted
Average
Exercise
Price
 
Number of
Options
Exercisable
at
September 30,
2016
 
Weighted
Average
Exercise
Price
$  4.40 - $  6.90
 
216,095

 
4.13
 
$
5.597

 
214,595

 
$
5.593

$  6.91 - $  7.36
 
181,584

 
7.14
 
$
7.360

 
127,298

 
$
7.360

$  7.37 - $15.80
 
150,463

 
6.02
 
$
9.391

 
137,259

 
$
9.350

$15.81 - $28.41
 
167,360

 
6.09
 
$
19.823

 
112,489

 
$
20.490

$28.42 - $54.68
 
136,505

 
9.28
 
$
39.274

 
40,243

 
$
39.235

$  4.40 - $54.68
 
852,007

 
6.32
 
$
14.833

 
631,884

 
$
11.560

Schedule of pricing models
The weighted average assumptions used for the periods presented were as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2015
 
2016
 
2015
 
2016
Risk-free interest rate
0.26%
 
0.57%
 
0.25%
 
0.54%
Expected lives
1.2 years
 
1.2 years
 
1.2 years
 
1.2 years
Expected volatility
36%
 
44%
 
36%
 
43%
Expected dividend yield
0%
 
0%
 
0%
 
0%