XML 39 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Employee And Non-Employee Benefit And Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Options Outstanding
he following table summarizes information about the shares subject to stock options outstanding under the Company’s Prior Plans and the Stock Plan as of December 31, 2012: 
 
Weighted
Average
Remaining
Contractual
Life in
Years
 
Shares Subject to
Options Outstanding
 
Shares Subject to
Options Exercisable
Range of Exercise Price
Per Share
Number
Outstanding
 
Weighted
Average
Exercise
Price
 
Number
Exercisable
 
Weighted
Average
Exercise
Price
$1.96 – $12.00
6.0
 
6,211,684

 
$
5.45

 
3,528,568

 
$
5.54

$16.45 – $18.90
1.9
 
415,000

 
18.54

 
415,000

 
18.54

$19.92 – $26.25
2.8
 
200,000

 
20.35

 
200,000

 
20.35

$26.56 – $33.75
2.1
 
200,000

 
28.55

 
200,000

 
28.55

$1.96 – $33.75
5.6
 
7,026,684

 
$
7.31

 
4,343,568

 
$
8.52

Restricted stock valuation assumptions
The following table summarizes the assumptions used in the Monte Carlo Simulation method:
Risk-free interest rate
0.37 - 1.17%
Dividend
Zero
Expected volatility
67.83% - 70.20%
Expected service period
0.42 - 1.94 years
Estimated value of price-based RSUs
$0.87 - $4.43
Prior Plans
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Changes in Outstanding Options
hanges in outstanding options under the Prior Plans during 2012 and 2011 were as follows: 
 
Number of
shares
subject to
options
 
Weighted
average
exercise
price
Outstanding as of December 31, 2010
2,579,900

 
$
12.59

Cancelled—service period-based
(443,375
)
 
9.51

Outstanding as of December 31, 2011
2,136,525

 
$
13.23

Cancelled—service period-based
(236,525
)
 
12.62

Outstanding as of December 31, 2012
1,900,000

 
$
13.31

Options exercisable at December 31, 2012
1,900,000

 
$
13.31

Changes in Nonvested Outstanding Options
Changes in nonvested outstanding options under the Prior Plans during 2011 were as follows:
 
Shares
 
Weighted-average grant-date fair value
Nonvested outstanding at December 31, 2010
470,568

 
$
2.57

Vested
(363,468
)
 
2.57

Cancelled and Forfeited
(107,100
)
 
2.57

Nonvested outstanding at December 31, 2011

 
$

Stock Plan
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Changes in Outstanding Options
Changes in outstanding options under the Stock Plan during 2012 and 2011 were as follows: 
 
Number of
shares
subject to
options
 
Weighted
average
exercise price
Outstanding as of December 31, 2010
4,741,876

 
$
4.20

Granted—service period-based
1,740,559

 
3.93

Granted-price-based
825,000

 
9.00

Exercised—service period-based
(840,000
)
 
2.04

Cancelled - service period-based (1)
(1,082,167
)
 
4.28

Cancelled—performance-based
(166,667
)
 
5.80

Outstanding as of December 31, 2011
5,218,601

 
$
5.15

Granted—service period-based
505,000

 
3.63

Exercised—service period-based
(78,125
)
 
1.96

Cancelled—service period-based
(352,125
)
 
4.31

Cancelled—performance-based
(166,667
)
 
5.80

Outstanding as of December 31, 2012
5,126,684

 
$
5.08

Options exercisable at December 31, 2012
2,443,568

 
$
5.08

Shares available for grant at December 31, 2012
5,941,120

 
 
(1)
 Includes approximately 471,000 and 350,000 options cancelled in connection with the departure of certain executives in the Merchandising segment and Corporate.
Changes in Nonvested Outstanding Options
Changes in the nonvested outstanding options under the Stock Plan during 2012 and 2011 were as follows:
 
Shares
 
Weighted-average grant-date fair value
Nonvested outstanding at December 31, 2010
3,220,171

 
$
1.73

Granted
2,565,559

 
1.61

Vested
(1,482,837
)
 
1.68

Cancelled and Forfeited
(1,096,542
)
 
1.89

Nonvested outstanding at December 31, 2011
3,206,351

 
$
1.61

Granted
505,000

 
1.66

Vested
(635,758
)
 
1.47

Cancelled and Forfeited
(392,477
)
 
2.21

Nonvested outstanding at December 31, 2012
2,683,116

 
$
1.55

Fair Value of Option Awards Weighted Average Assumptions
The fair value of employee service period-based option awards under the Stock Plan was estimated on the grant date using the Black-Scholes option-pricing model on the basis of the following weighted average assumptions: 
 
2012
 
2011
 
2010
Risk-free interest rates
0.4% – 0.6%
 
0.17% - 2.09%
 
1.0% – 1.6%
Dividend yields
Zero
 
Zero
 
Zero
Expected volatility
61.80% – 63.48%
 
60.38% – 61.25%
 
61.8% – 63.8%
Expected option life
3.7 years
 
1.0 – 7.0 years
 
2.5 – 3.7 years
Average fair market value per option granted
$1.40 - $2.17
 
$0.75 - $2.56
 
$2.14 – $2.61
Stock Plan | Service period-based options
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Fair Value of Option Awards Weighted Average Assumptions
The following table summarizes the assumptions used in the Black-Scholes option-pricing model: 
Risk-free interest rates
0.511% – 0.629%
Dividend
Zero
Expected volatility
60.80% – 61.25%
Expected option life
3.7 years
Average fair value per option granted
$1.30 – $2.17
Stock Plan | Price-based options
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Fair Value of Option Awards Weighted Average Assumptions
The fair value of employee price-based option awards, granted in 2011, was estimated on the grant date using the Monte Carlo Simulation method on the basis of the following weighted average assumptions: 
 
2011
Risk-free interest rate
1.34% – 2.29%
Expected volatility
59.72% – 60.55%
Expected service period
0.46 – 2.0 years
Dividends
Zero
Estimated value of price-based option awards
$0.42 – $2.35
Stock Plan | Service period-based restricted stock
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Nonvested restricted stock activity
A summary of the shares of service period-based restricted stock issued under the Stock Plan that had not yet vested as of December 31, 2011, and changes during 2012 and 2011, was as follows: 

Shares
 
Weighted
Average  Grant
Date Value
Nonvested at December 31, 2010
320,922

 
$
8.24

Nonvested at Granted
33,037

 
$
4.01

Nonvested at Vested
(128,097
)
 
$
6.93

Nonvested at Forfeitures
(217,510
)
 
$
8.52

Nonvested at December 31, 2011
8,352

 
$
4.49

Granted
25,202

 
3.17

Vested
(33,554
)
 
3.50

Nonvested at December 31, 2012

 
$

Stock Plan | Service period-based RSUs
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Nonvested restricted stock activity
A summary of the shares of service period-based RSUs issued under the Stock Plan that had not yet vested as of December 31, 2012 and 2011 and changes during 2012 and 2011 was as follows: 

Shares
 
Weighted
Average  Grant
Date Value
Nonvested at December 31, 2010

 
$

Nonvested at Granted
639,698

 
4.11

Nonvested at Vested
(12,500
)
 
3.95

Nonvested at Forfeitures
(87,500
)
 
3.95

Nonvested at December 31, 2011
539,698

 
$
4.14

Granted
302,163

 
3.16

Vested
(119,635
)
 
4.10

Forfeitures
(2,500
)
 
3.95

Nonvested at December 31, 2012
719,726

 
$
3.74

Stock Plan | Performance-based RSUs
 
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Nonvested restricted stock activity
A summary of the performance-based RSUs issued under the Stock Plan that have not vested as of December 31, 2012 and 2011 and changes during 2012 and 2011 was as follows: 

Shares
 
Weighted
Average  Grant
Date Value (1)
Nonvested at December 31, 2010
720,000

 
$
4.62

Nonvested at Vested
(170,000
)
 
4.62

Nonvested at Forfeitures
(341,500
)
 
4.62

Nonvested at December 31, 2011
208,500

 
$
4.62

Vested
(50,500
)
 
4.62

Forfeitures
(17,500
)
 
4.62

Nonvested at December 31, 2012
140,500

 
$
4.62

(1)
 The weighted average grant date value included in the table above was adjusted to reflect the impact of the modifications approved on December 3, 2010 to the 2010 and 2009 awards.