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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
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,
 
     2013     2012      2013      2012  

Cost of revenues

   $ 107      $ 99       $ 191       $ 203   

Research and development

     178        147         322         287   

Sales and marketing

     154        128         261         257   

General and administrative

     660        567         947         891   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total continuing operations

     1,099        941         1,721         1,638   

Discontinued operations

     (1     2         1         2   
  

 

 

   

 

 

    

 

 

    

 

 

 

Total

   $ 1,098      $ 943       $ 1,722       $ 1,640   
  

 

 

   

 

 

    

 

 

    

 

 

 
Information about stock options outstanding under all stock plans
The following table summarizes information about stock options outstanding under all stock plans at June 30, 2013:

 

     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      115,500         5.02       $ 6.55         81,954       $ 6.64   
  6.87   -     7.93      772,660         6.23         7.26         81,923         7.71   
  8.07   -     8.63      104,037         2.30         8.55         104,037         8.55   
  8.76   -     8.76      44,000         2.64         8.76         44,000         8.76   
  9.09   -     9.09      100,000         2.09         9.09         100,000         9.09   
  9.11   -     9.12      14,627         2.59         9.12         14,627         9.12   
  9.16   -     9.16      132,000         3.09         9.16         132,000         9.16   
  9.19   -   10.25      121,780         2.70         9.70         121,780         9.70   
  10.46 -   11.00      100,960         1.46         10.72         100,960         10.72   
  11.01 -   11.84      160,050         0.84         11.49         160,050         11.49   

 

  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
$5.50   - $11.84      1,665,614         4.21       $ 8.40         941,331       $ 9.35   
Fair value of date of grant using black scholes option pricing model

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

 

     June 30,  
     2013     2012  

Dividend yield

     1.7     1.8

Risk-free interest rate

     0.2     0.4

Expected volatility

     52     52

Expected life (in years)

     5.6        5.4   
Weighted average contractual life and intrinsic value of options outstanding

The intrinsic value and contractual life of the options outstanding and exercisable at June 30, 2013 were as follows:

 

     Weighted
Average
Contractual
Life (years)
     Intrinsic
Value
 

Options Outstanding

     4.21       $ 1,168   

Options Exercisable

     2.27       $ 216   
Summary of stock option activity

The following table summarizes the stock option activity for the six months ended June 30, 2013:

 

     Options
Outstanding
    Weighted
Average
Exercise
Price
 

Outstanding at December 31, 2012

     1,099,106      $ 9.06   

Granted

     689,550        7.20   

Exercised

     (11,841     7.11   

Expired or Cancelled

     (88,568     7.90   

Forfeited

     (22,633     6.45   
  

 

 

   

 

 

 

Outstanding at June 30, 2013

     1,665,614      $ 8.40   

Exercisable at June 30, 2013

     941,331      $ 9.35   
Summary of retention stock option activity

The following table summarizes the retention stock option activity for the six months ended June 30, 2013:

 

     Retention
Options
Outstanding
     Weighted
Average
Exercise
Price
 

Outstanding at December 31, 2012

     —         $ 0.00   

Granted

     182,500         7.16   
  

 

 

    

 

 

 

Outstanding at June 30, 2013

     182,500       $ 7.16   

Exercisable at June 30, 2013

     —           —     
Summary of performance share activity

The following table summarizes the performance share activity during the six months ended June 30, 2013:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested Performance Units - December 31, 2012

     147,250      $ 7.04   

Units cancelled

     (147,250     7.04   
  

 

 

   

 

 

 

Unvested Performance Units - June 30, 2013

     —        $ 0.00   
Calculation of fair value of each employee stock purchase grant using 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,  
     2013     2012  

Dividend yield

     1.9     1.8

Risk-free interest rate

     0.2     0.2

Expected volatility

     52     51

Expected life (in years)

     0.5        0.5   
Restricted Stock Units [Member]
 
Summary of restricted stock activity

The following table summarizes the restricted stock unit activity during the six months ended June 30, 2013:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested Restricted Stock Units - December 31, 2012

     11,925      $ 6.61   

Units vested

     (3,850     6.56   

Units cancelled

     (1,125     6.77   
  

 

 

   

 

 

 

Unvested Restricted Stock Units - June 30, 2013

     6,950      $ 6.62   
Restricted Stock [Member]
 
Summary of restricted stock activity

The following table summarizes restricted stock activity for the six months ended June 30, 2013:

 

     Shares     Weighted
Average
Grant Date
Fair Value
 

Unvested Restricted Stock Awards - December 31, 2012

     940,685      $ 6.24   

Shares awarded

     13,402        7.83   

Shares vested

     (352,565     5.79   

Shares cancelled

     (9,361     6.60   
  

 

 

   

 

 

 

Unvested Restricted Stock Awards - June 30, 2013

     592,161      $ 6.54