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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Total stock-based compensation

Total stock-based compensation is reflected in the condensed consolidated statements of operations as follows:

 

                                 
    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2012     2011     2012     2011  

Cost of revenues

  $ 99     $ 68     $ 203     $ 137  

Research and development

    149       156       289       312  

Sales and marketing

    128       157       257       338  

General and administrative

    567       608       891       1,023  
   

 

 

   

 

 

   

 

 

   

 

 

 

Total

  $ 943     $ 989     $ 1,640     $ 1,810  
   

 

 

   

 

 

   

 

 

   

 

 

 
Information about stock options outstanding under all stock plans
                     
   

Options Outstanding

 

Options Exercisable

Range of

Exercise Prices

 

Number Outstanding

 

Weighted

Average

Contractual Life

(Years)

 

Weighted-

Average

Exercise Price

 

Number Exercisable

 

Weighted

Average

Exercise Price

$5.50 — $6.86

  122,687   4.84   $6.64   111,598   $6.68

6.87 — 7.84

  121,536   2.10   7.46   113,061   7.49

7.85 — 8.62

  176,372   2.61   8.26   176,372   7.26

8.63 — 9.09

  164,000   3.26   8.95   164,000   8.95

9.11 — 9.12

  14,627   3.59   9.12   14,627   9.12

9.16 — 9.16

  132,000   4.09   9.16   132,000   9.16

9.19 — 10.25

  131,780   3.77   9.67   131,780   9.67

10.46 — 10.75

  121,460   1.65   10.68   121,431   10.68

10.80 — 11.38

  147,050   1.84   11.23   147,050   11.23

11.55 — 11.84

  64,500   1.54   11.78   64,500   11.78

 

 

 

 

 

 

 

 

 

 

 

$5.50 — $11.84

  1,196,012   2.93   $9.17   1,176,419   $9.22
Intrinsic value and contractual life of the options outstanding

The intrinsic value and contractual life of the options outstanding and exercisable at June 30, 2012 were as follows:

 

                 
    Weighted
Average
Contractual
Life (years)
    Intrinsic
Value
 

Options Outstanding

    2.93     $ 9  

Options Exercisable

    2.88     $ 6  
Summary of stock option activity

The following table summarizes the stock option activity for the six months ended June 30, 2012:

 

                 
    Options
Outstanding
    Weighted
Average
Exercise
Price
 

Outstanding at December 31, 2011

    1,411,581     $ 9.02  

Granted

    4,500       7.15  

Exercised

    (3,719     6.72  

Expired or Cancelled

    (216,350     8.17  
   

 

 

   

 

 

 

Outstanding at June 30, 2012

    1,196,012     $ 9.17  

Exercisable at June 30, 2012

    1,176,419     $ 9.22  
Summary of performance share activity

The following table summarizes the performance share activity during the six months ended June 30, 2012:

 

                 
    Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested Performance Units - December 31, 2011

    132,906     $ 6.48  

Units awarded

    169,650       7.00  

Units vested

    (4,836     6.75  

Performance share units converted to restricted stock awards

    (139,150     6.47  

Units cancelled

    (11,320     7.01  
   

 

 

   

 

 

 

Unvested Performance Units - June 30, 2012

    147,250     $ 7.04  
Calculation of fair value of each employee stock purchase grant using the Black-Scholes option-pricing model

The Company calculated the fair value of each employee stock purchase grant on the date of grant using the Black-Scholes option-pricing model using the following assumptions:

 

                 
    June 30,  
    2012     2011  

Dividend yield

    1.8     None  

Risk-free interest rate

    0.2     0.3

Expected volatility

    51     52

Expected life (in years)

    0.5       0.5  
Restricted Stock [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock activity

The following table summarizes restricted stock activity for the six months ended June 30, 2012:

 

                 
    Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested Restricted Stock Awards - December 31, 2011

    1,122,296     $ 5.90  

Shares awarded

    229,950       7.04  

Performance share units converted to restricted stock awards

    139,150       6.47  

Shares vested

    (466,255     5.87  

Shares cancelled

    (52,656     6.70  
   

 

 

   

 

 

 

Unvested Restricted Stock Awards - June 30, 2012

    972,485     $ 6.24  
Restricted Stock Units [Member]
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of restricted stock activity

The following table summarizes the restricted stock unit activity during the six months ended June 30, 2012:

 

                 
    Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested Restricted Stock Units - December 31, 2011

    10,150     $ 6.28  

Units awarded

    5,000       7.04  

Units vested

    (2,600     6.33  
   

 

 

   

 

 

 

Unvested Restricted Stock Units - June 30, 2012

    12,550     $ 6.58