XML 21 R33.htm IDEA: XBRL DOCUMENT v2.4.1.9
Employee And Non-Employee Benefit And Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Restricted stock valuation assumptions
The following table summarizes the assumptions used in applying the Monte Carlo Simulation method to value this price-based award:
 
2013
Risk-free interest rate
0.65%
Dividend yields
Zero
Expected volatility
48.31%
Derived service periods
1.84 - 2.44 years
Estimated value of price-based RSUs
$0.29 - $0.94
Prior Plans  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Changes in Outstanding Options
Changes in outstanding options under the 1999 Plan and the Non-Employee Director Plan (collectively, the "Prior Plans") during 2014 were as follows: 
 
Number of
shares
subject to
options
 
Weighted
average
exercise
price
 
Weighted-average remaining contractual term
 
Aggregate intrinsic value ($000) *
Outstanding as of December 31, 2013
875,000

 
$
7.06

 

 

Cancelled—service period-based
(30,000
)
 
7.63

 

 

Options exercisable and outstanding as of December 31, 2014
845,000

 
$
7.04

 
0.17
 
$

Changes in Nonvested Outstanding Options
Changes in the nonvested outstanding options are as follows:
 
Shares
 
Weighted-average grant-date fair value
Nonvested options outstanding at December 31, 2011
3,206,351

 
$
1.89

Granted-service period-based
505,000

 
1.72

Vested-service period-based
(635,758
)
 
1.75

Forfeited or expired-service period-based
(392,477
)
 
2.36

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

 
$
1.79

Granted-service period-based
1,190,000

 
0.90

Vested-service period-based
(937,875
)
 
1.73

Forfeited or expired-service period-based
(669,146
)
 
1.82

Forfeited or expired-priced-based
(725,000
)
 
1.71

Nonvested options outstanding at December 31, 2013
1,541,095

 
$
1.32

Granted-service period-based
25,070

 
1.99

Granted-price-based
185,000

 
1.62

Vested-service period-based
(647,552
)
 
1.65

Forfeited or expired-service period-based
(40,070
)
 
2.06

Forfeited or expired-price-based
(100,000
)
 
0.76

Nonvested options outstanding at December 31, 2014
963,543

 
$
1.13

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 2014 were as follows: 
 
Number of
shares
subject to
options
 
Weighted
average
exercise price
 
Weighted-average remaining contractual term
 
Aggregate intrinsic value*
Outstanding as of December 31, 2013
3,656,675

 
$
4.38

 
 
 
 
Granted—service period-based
25,070

 
5.12

 
 
 
 
Granted—price-based
185,000

 
8.38

 
 
 
 
Exercised—service period-based
(300,952
)
 
3.27

 
 
 
 
Cancelled—service period-based
(159,128
)
 
4.58

 
 
 
 
Cancelled—priced-based
(100,000
)
 
9.00

 
 
 
 
Outstanding as of December 31, 2014
3,306,665

 
$
3.74

 
6.47
 
$3,531,899
Options exercisable at December 31, 2014
2,343,122

 
$
3.43

 
5.48
 
$2,837,529

Changes in Nonvested Outstanding Options
Changes in the nonvested outstanding options are as follows:
 
Shares
 
Weighted-average grant-date fair value
Nonvested options outstanding at December 31, 2011
3,206,351

 
$
1.89

Granted-service period-based
505,000

 
1.72

Vested-service period-based
(635,758
)
 
1.75

Forfeited or expired-service period-based
(392,477
)
 
2.36

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

 
$
1.79

Granted-service period-based
1,190,000

 
0.90

Vested-service period-based
(937,875
)
 
1.73

Forfeited or expired-service period-based
(669,146
)
 
1.82

Forfeited or expired-priced-based
(725,000
)
 
1.71

Nonvested options outstanding at December 31, 2013
1,541,095

 
$
1.32

Granted-service period-based
25,070

 
1.99

Granted-price-based
185,000

 
1.62

Vested-service period-based
(647,552
)
 
1.65

Forfeited or expired-service period-based
(40,070
)
 
2.06

Forfeited or expired-price-based
(100,000
)
 
0.76

Nonvested options outstanding at December 31, 2014
963,543

 
$
1.13

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 fair value of 2013 or 2012 employee service period-based option awards granted under the Stock Plan was estimated on the grant dates using the Black-Scholes option-pricing model on the basis of the following weighted average assumptions: 
 
2013
 
2012
Risk-free interest rates
0.5% – 1.0%
 
0.4% – 0.6%
Dividend yields
Zero
 
Zero
Expected volatility
58.45% – 60.34%
 
61.80% – 63.48%
Average expected term
3.7 years
 
3.7 years
Average fair market value per option granted
$1.15
 
$1.79
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 in 2014 under the Stock Plan was estimated on the grant dates using the Monte Carlo option-pricing model on the basis of the following weighted average assumptions: 
 
2014
Risk-free interest rates
2.01% – 2.04%
Dividend yields
Zero
Expected volatility
60.52% – 61.19%
Average expected term
0.4 - 1.7 years
Average fair market value per option granted
1.54
Stock Plan | Price-based RSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Nonvested restricted stock activity
A summary of the shares of price-based RSUs is as follows:
 
Shares
 
Weighted
Average  Grant
Date Value
Outstanding and nonvested at December 31, 2011
440,000

 
$
3.07

No activity during 2012

 

Outstanding and nonvested at December 31, 2012
440,000

 
$
3.07

Granted
930,000

 
0.65

Forfeitures
(400,000
)
 
3.19

Outstanding and nonvested at December 31, 2013
970,000

 
$
0.77

Granted
242,500

 
2.28

Forfeitures
(110,000
)
 
1.32

Outstanding and nonvested at December 31, 2014
1,102,500

 
$
0.94

Stock Plan | Service period-based restricted stock  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Nonvested restricted stock activity
summary of the shares of service period-based restricted stock is as follows: 
 
Shares
 
Weighted
Average Grant
Date Value
Outstanding and nonvested at December 31, 2011
8,352

 
$
4.49

Granted
25,202

 
3.26

Vested
(33,554
)
 
3.65

Outstanding and nonvested at December 31, 2012

 
$

Granted
26,966

 
2.71

Vested
(26,966
)
 
2.71

Outstanding and nonvested at December 31, 2013

 
$

Granted
9,424

 
4.24

Vested
(9,424
)
 
4.24

Outstanding and nonvested at December 31, 2014

 

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 is as follows:

Shares
 
Weighted
Average  Grant
Date Value
Outstanding and nonvested at December 31, 2011
539,698

 
$
4.29

Granted
302,163

 
3.19

Vested
(119,635
)
 
4.14

Forfeitures
(2,500
)
 
3.95

Outstanding and nonvested at December 31, 2012
719,726

 
$
3.93

Granted
814,500

 
2.53

Vested
(438,353
)
 
3.64

Forfeitures
(353,790
)
 
3.89

Outstanding and nonvested at December 31, 2013
742,083

 
$
2.69

Granted
225,297

 
4.93

Vested
(390,625
)
 
2.61

Forfeitures
(32,771
)
 
4.92

Outstanding and nonvested at December 31, 2014
543,984

 
$
3.40