|
SHARE-BASED COMPENSATION (Tables)
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12 Months Ended |
|
Dec. 31, 2013
|
| Schedule of Information with Respect to Outstanding and Exercisable Stock Options |
The following
table summarizes information with respect to all outstanding and
exercisable stock options under all of our plans as of
December 31, 2013:
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Options
Outstanding |
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Options
Exercisable |
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Range of
Exercise Prices
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Number of Options
Outstanding |
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Weighted Average
Exercise Price |
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Weighted Average
Remaining
Contractual Term
(in Years) |
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Number
Exercisable |
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Weighted Average
Exercise Price |
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$ 2.20 $ 2.20
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644,628 |
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$ |
2.20 |
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9.27 |
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— |
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$ |
0.00 |
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$ 2.62 $ 2.65
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96,729 |
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$ |
2.65 |
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9.61 |
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2,221 |
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$ |
2.62 |
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$ 2.72 $ 2.72
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700,972 |
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$ |
2.72 |
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9.17 |
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337,500 |
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$ |
2.72 |
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$ 2.82 $ 6.51
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415,002 |
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$ |
3.79 |
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9.21 |
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84,648 |
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$ |
4.94 |
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$ 8.63 $13.67
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394,500 |
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$ |
9.81 |
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7.13 |
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223,804 |
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$ |
10.70 |
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$14.96 $22.04
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480,384 |
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$ |
20.31 |
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4.83 |
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437,192 |
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$ |
20.17 |
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$22.13 $30.67
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481,244 |
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$ |
27.67 |
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5.91 |
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431,076 |
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$ |
27.96 |
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$30.80 $34.70
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498,751 |
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$ |
33.31 |
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2.16 |
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498,751 |
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$ |
33.31 |
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$34.86 $62.56
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185,100 |
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$ |
54.94 |
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0.72 |
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185,100 |
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$ |
54.94 |
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$68.24 $68.24
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3,125 |
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$ |
68.24 |
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0.43 |
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3,125 |
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$ |
68.24 |
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3,900,435 |
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$ |
15.15 |
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6.76 |
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2,203,417 |
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$ |
23.42 |
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| Schedule of Restricted Stock Units to be Settled in Cash |
The following
table summarizes information with respect to all cash-settled
restricted stock units during the year to date ended
December 31, 2013:
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Restricted Stock
Units to be Settled
in Cash |
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Outstanding as of December
31, 2012
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— |
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Granted
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2,938,283 |
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Vested
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— |
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Forfeited
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(649,368 |
) |
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Outstanding as of December
31, 2013
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2,288,915 |
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| Schedule of Fair Value of Stock Option Award Granted Estimated on Date of Grant Using the Black-Scholes-Merton Option Pricing Model |
The weighted
average fair value per share of stock option awards granted during
the years ended December 31, 2013, 2012 and 2011, and
assumptions used to value stock options are as follows:
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For the Year Ended
December 31, |
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2013 |
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2012 |
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2011 |
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Dividend yield
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— |
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— |
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— |
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Risk-free interest
rate
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1.1 |
% |
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0.6 |
% |
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2.2 |
% |
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Weighted average
volatility
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64.6 |
% |
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68.4 |
% |
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53.3 |
% |
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Expected life (in
years)
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5.6 |
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5.2 |
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5.5 |
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Weighted average grant date
fair value per share of options granted
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$ |
1.47 |
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$ |
4.10 |
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$ |
10.89 |
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Employee Stock Option [Member]
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| Summary of Stock Option Activity |
Stock option
activity during the years ended December 31, 2013, 2012 and
2011, under all of our plans was as follows:
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Options |
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Weighted Average
Exercise Price |
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Weighted
Average
Remaining
Contractual
Term |
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Aggregate
Intrinsic
Value (in
thousands) |
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Outstanding as of
December 31, 2010
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3,574,614 |
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$ |
28.29 |
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Granted
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565,720 |
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21.87 |
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Exercised
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(141,625 |
) |
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14.60 |
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$ |
1,112 |
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Forfeited
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(456,459 |
) |
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24.69 |
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Cancelled
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(188,788 |
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36.94 |
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Outstanding as of
December 31, 2011
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3,353,462 |
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$ |
27.79 |
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Granted
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534,895 |
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7.91 |
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Exercised
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— |
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— |
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$ |
— |
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Forfeited
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(196,400 |
) |
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18.52 |
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Cancelled
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(1,100,070 |
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24.09 |
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Outstanding as of
December 31, 2012
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2,591,887 |
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$ |
25.96 |
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Granted
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1,934,005 |
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2.58 |
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Exercised
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(1,275 |
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3.08 |
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$ |
3 |
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Forfeited
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(261,366 |
) |
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5.19 |
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Cancelled
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(362,816 |
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31.60 |
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Outstanding as of
December 31, 2013
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3,900,435 |
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$ |
15.15 |
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6.8 years |
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$ |
5,513 |
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Exercisable as of
December 31, 2013
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2,203,417 |
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$ |
23.42 |
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5.0 years |
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$ |
1,116 |
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Restricted Stock Shares [Member]
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|
| Schedule of Information with Respect to Outstanding Shares of Restricted Stock |
The following
table summarizes information with respect to all outstanding
restricted stock and restricted stock units to be settled in shares
of stock under our plans during the years ended December 31,
2013, 2012 and 2011:
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Restricted Stock to be
Settled in Shares of Stock |
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Shares |
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Weighted Average
Grant-Date Fair
Value Per Share |
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Units |
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Weighted Average
Grant-Date Fair
Value Per Unit |
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Total |
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Outstanding as of
December 31, 2010
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2,188,636 |
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$ |
23.17 |
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— |
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$ |
— |
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2,188,636 |
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Granted
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1,266,170 |
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21.83 |
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— |
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— |
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1,266,170 |
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Vested
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(816,017 |
) |
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15.55 |
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— |
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— |
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(816,017 |
) |
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Forfeited
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(842,042 |
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25.19 |
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— |
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— |
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(842,042 |
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Outstanding as of
December 31, 2011
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1,796,747 |
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$ |
24.74 |
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— |
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$ |
— |
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1,796,747 |
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Granted
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— |
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— |
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1,416,832 |
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8.32 |
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1,416,832 |
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Vested
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(374,260 |
) |
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24.74 |
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— |
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— |
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(374,260 |
) |
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Forfeited
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(568,196 |
) |
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24.73 |
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(272,899 |
) |
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8.53 |
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(841,095 |
) |
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Outstanding as of
December 31, 2012
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854,291 |
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$ |
24.74 |
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1,143,933 |
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$ |
8.27 |
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1,998,224 |
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Granted
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— |
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— |
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43,313 |
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2.72 |
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43,313 |
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Vested
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(208,461 |
) |
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23.10 |
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(306,605 |
) |
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8.60 |
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(515,066 |
) |
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Forfeited
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(424,268 |
) |
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27.01 |
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(342,020 |
) |
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7.22 |
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(766,288 |
) |
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Outstanding as of
December 31, 2013
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221,562 |
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$ |
22.19 |
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538,621 |
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$ |
8.30 |
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760,183 |
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