Employee And Non-Employee Benefit And Compensation Plans (Tables)
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12 Months Ended |
Dec. 31, 2014
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 |
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Prior Plans |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 |
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| |
| Cancelled—service period-based | (30,000 | ) | | 7.63 |
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| |
| Options exercisable and outstanding as of December 31, 2014 | 845,000 |
| | $ | 7.04 |
| | 0.17 | | $ | — |
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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 |
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Stock Plan |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 |
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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 |
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Stock Plan | Service period-based options |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 |
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Stock Plan | Price-based options |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 |
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Stock Plan | Price-based RSUs |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 |
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Stock Plan | Service period-based restricted stock |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 | — |
| | — |
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Stock Plan | Service period-based RSUs |
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Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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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 |
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