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Stockholders' equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Stock Option Transactions and Number of Stock Options Outstanding

Stock option transactions and the number of stock options outstanding are summarized below:

 

     NUMBER OF
SHARES
    WEIGHTED
AVERAGE
EXERCISE PRICE
     WEIGHTED
AVERAGE
REMAINING
CONTRACTUAL
LIFE

(IN YEARS)
     AGGREGATE
INTRINSIC VALUE
 

Outstanding at December 31, 2015

     865,457     $ 9.75        7.56      $ 2,393  

Options granted

     658,710       8.77        

Options exercised

     (55,663     7.91        

Options expired

     (8,008     9.52        

Options forfeited

     (82,144     9.39        
  

 

 

   

 

 

    

 

 

    

 

 

 

Outstanding at December 31, 2016

     1,378,352     $ 9.38        7.81      $ 9,829  
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable as of December 31, 2016

     575,422     $ 9.30        6.20      $ 4,152  

Schedule of Weighted Average Assumptions

The fair value of stock options granted is estimated using the Black-Scholes option pricing model with the following weighted average assumptions:

 

     YEARS ENDED DECEMBER 31,  
     2016     2015     2014  

Expected volatility

     82     97     108

Expected dividends

     0     0     0

Expected terms (years)

     6.00       6.00       6.00  

Risk free rate

     1.24     1.48     1.67

Weighted average grant-date fair value of stock options

   $ 6.11     $ 8.91     $ 8.19