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Stock Incentive Plans (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-Based Awards Assumptions
The following assumptions were used in valuing stock-based awards and for recognition and allocation of stock-based compensation expense for the years ended December 31, 2012 and 2011 and eleven months ended December 31, 2010, respectively:
 
Years Ended December 31,
Eleven Months Ended December 31, 2010
 
2012
2011
Expected volatility
63.8
%
43.0
%
37.3
%
Risk-free interest rate
1.2
%
2.9
%
2.6
%
Expected life
6.3 years

8.9 years

7.1 years

Derived service period (grants using Monte Carlo model)
N/A

3.6 years

3.6 years

Forfeiture rate
6.4
%
6.3
%
8.9
%
Dividend yield
%
%
%
Schedule of Stock Options and SARs Activity
The following table presents a summary of the Company’s stock options and SARs activity and related information for the year ended December 31, 2012:
 



Shares
 
Weighted Average Exercise/Grant Price Per Share
 

Aggregate Intrinsic
Value
Awards outstanding, January 1, 2012
2,683,015

 
$
13.83

 
$
173

Granted
428,804

 
1.62

 
30

Exercises

 

 

Forfeitures
(236,311
)
 
24.15

 

Awards outstanding, December 31, 2012
2,875,508

 
$
11.17

 
$
203

Schedule of Share-based Compensation, Activity
The following table summarizes information about the Company’s stock-based awards outstanding and exercisable at December 31, 2012:
 
Stock Awards Outstanding
 
 
Stock Awards Exercisable




Range of Exercise/Grant Prices
Shares
 
Weighted Average Remaining Contractual Life
(In Years)
 
Weighted Average Exercise/Grant Price Per Share
 
 
Shares
 
Weighted Average Remaining Contractual Life
(In Years)
 
Weighted Average Exercise/Grant Price Per Share
$0.73 - $0.80
77,500

 
8.74
 
$
0.80

 
 
6,250

 
8.73
 
$
0.80

$1.20 - $1.74
712,129

 
8.97
 
1.45

 
 
25,000

 
8.70
 
1.20

$2.04 - $2.04
15,000

 
8.45
 
2.04

 
 
3,750

 
8.45
 
2.04

$4.61 - $4.61
623,060

 
8.16
 
4.61

 
 
37,472

 
8.16
 
4.61

$4.96 - $6.97
275,000

 
8.22
 
5.33

 
 
31,250

 
8.17
 
5.76

$9.75 - $9.75
200,000

 
7.68
 
9.75

 
 
100,000

 
7.68
 
9.75

$15.00 - $15.00
200,000

 
7.68
 
15.00

 
 
200,000

 
7.68
 
15.00

$23.00 - $23.00
200,000

 
7.68
 
23.00

 
 
200,000

 
7.68
 
23.00

$28.68 - $28.68
372,819

 
7.16
 
28.68

 
 
251,450

 
7.16
 
28.68

$32.00 - $32.00
200,000

 
7.68
 
32.00

 
 
200,000

 
7.68
 
32.00

 
2,875,508

 
8.13
 
$
11.17

 
 
1,055,172

 
7.63
 
$
21.40

Schedule of Nonvested Stock Award Activity
The following table summarizes the status of the Company’s non-vested stock awards as of December 31, 2012 and changes during the year ended December 31, 2012:
 
Non-Vested Stock Options and SARs
 
Weighted Average Grant Date Exercise Price Per Award
 
Non-Vested Restricted Stock
 
Weighted Average Grant Date Fair Value Per Award
Non-vested at January 1, 2012
1,773,272

 
$
8.71

 
563,796

 
$
5.21

Granted
428,804

 
1.62

 
712,136

 
1.01

Vested
(283,743
)
 
16.25

 
(711,273
)
 
2.46

Forfeitures
(97,997
)
 
20.44

 
(25,015
)
 
2.71

Non-vested at December 31, 2012
1,820,336

 
$
5.23

 
539,644

 
$
3.41

Disclosure of Stock-Based Awards Granted
The following table summarizes stock-based awards granted during the year ended December 31, 2012 and stock-based compensation expense recognized during the year ended December 31, 2012 related to these grants. Grant prices of stock-based awards are based on the closing market value of the Company’s common stock on the date of grant. All stock based awards are settled in our common stock.
Grant Date
Type of Award





Recipient
Number of Shares
Vesting Terms
Grant / Exercise Price
Expense Recognized During the Year Ended December 31, 2012
May 8, 2012
Restricted stock
Board of Directors
0.5 million
Vested immediately upon issuance
$0.90
$0.4 million
March 29, 2012
Restricted stock
Certain employees
0.1 million
Vest ratably over three years
$1.26
Less than $0.1 million
March 29, 2012
Stock Options
Certain employees
0.1 million
Vest ratably over four years
$1.26
Less than $0.1 million
March 29, 2012
Restricted stock units
Executive officers
0.1 million
Vests at the end of three years if both time and performance conditions are satisfied. Time condition shall be satisfied as of the date the Company's financial results for the calendar year 2014 are ratified by the Board of Directors. Performance condition shall be satisfied based upon the Company achieving targeted ad sales levels specified for each year
$1.26
Less than $0.1 million
February 28, 2012
Stock Options
Executive officers
0.3 million
Vest ratably over four years
$1.74
Less than $0.1 million
The following table summarizes stock-based awards granted during the years ended December 31, 2011 and stock-based compensation expense recognized during the years ended December 31, 2012 and 2011 related to these grants. Grant prices of stock-based awards are based on the closing market value of the Company’s common stock on the date of grant. All stock based awards are settled in our common stock.
 
Grant Date
Type of Award
Recipient
Number of Shares
Vesting Terms
Grant / Exercise Price
Expense Recognized During the Years Ended December 31,
2012
2011
September 22, 2011
Stock options
Certain employees
0.1 million
Less than 0.1 million shares will become exercisable, if at all, in two 50% increments if the average daily closing price of our common stock during any 30 consecutive trading day period commencing on or after March 22, 2012 exceeds $2 with respect to the first increment and $3 with respect to the second increment. The remaining shares will vest ratably over four years.
$0.80
Less than $0.1 million
Less than $0.1 million
September 22, 2011
Restricted stock
Certain employees
Less than 0.1 million
Vest ratably over three years
$0.80
Less than $0.1 million
Less than $0.1 million
September 12, 2011
Stock options
Executive officers
0.3 million
0.2 million shares will become exercisable, if at all, in two 50% increments if the average daily closing price of our common stock during any 30 consecutive trading day period commencing on or after March 12, 2012 exceeds $3 with respect to the first increment and $4 with respect to the second increment. The remaining shares will vest ratably over four years.
$1.20
Less than $0.1 million
Less than $0.1 million
September 12, 2011
Restricted stock
Executive officers
0.1 million
Vest ratably over three years
$1.20
Less than $0.1 million
Less than $0.1 million
June 13, 2011
Stock options
Certain employees
Less than 0.1 million
Vest ratably over four years
$2.04
Less than $0.1 million
Less than $0.1 million
June 13, 2011
Restricted stock
Certain employees
Less than 0.1 million
Vest ratably over three years
$2.04
Less than $0.1 million
Less than $0.1 million
May 3, 2011
Common stock
Board of Directors
0.1 million
Vested immediately upon issuance
$3.75
__
$0.4 million
April 4, 2011
Stock options
Executive officers
0.2 million
0.1 million shares will become exercisable, if at all, in two 50% increments if the average daily closing price of our common stock during any 30 consecutive trading day period commencing on or after October 4, 2011 exceeds $10 with respect to the first increment and $15 with respect to the second increment. The remaining shares will vest ratably over four years.
$4.96
$0.2 million
$0.1 million
April 4, 2011
Restricted stock
Executive officers
0.1 million
Vest ratably over three years
$4.96
$0.1 million
Less than $0.1 million
March 2, 2011
Stock options
Executive officers
1.1 million
0.9 million shares will become exercisable, if at all, in two 50% increments if the average daily closing price of our common stock during any 30 consecutive trading day period commencing on or after September 2, 2011 exceeds $10 with respect to the first increment and $15 with respect to the second increment. The remaining shares will vest ratably over four years.
$4.61
$0.4 million
$0.4 million
March 2, 2011
Restricted stock
Executive officers
0.2 million
Vest ratably over three years
$4.61
$0.2 million
$0.2 million
March 2, 2011
Common stock
Board of Directors
Less than 0.1 million
Vested immediately upon issuance
$4.61
__
$0.1 million
January 18, 2011
Stock options
Executive officers
Less than 0.1 million
Vest ratably over four years
$6.97
Less than $0.1 million
Less than $0.1 million
January 18, 2011
Restricted stock
Executive officers
Less than 0.1 million
Vest ratably over three years
$6.97
$0.1 million
$0.1 million

The following table summarizes stock-based awards granted during the eleven months ended December 31, 2010 and stock-based compensation expense recognized during the years ended December 31, 2012 and 2011 and eleven months ended December 31, 2010 related to these grants. Grant prices of stock-based awards are based on the closing market value of the Company’s common stock on the date of grant, except where otherwise indicated. All stock based awards are settled in our common stock. All of the CEO Stock-Based Awards have a grant date for accounting and reporting purposes of September 13, 2010, which represents the date on which the grant date determination provisions outlined in FASB ASC 718, Compensation - Stock Compensation, were satisfied.

Grant Date
Type of Award
Recipient
Number of Shares
Vesting Terms
Grant / Exercise Price
Expense Recognized During the Years Ended December 31,
Expense Recognized During the Eleven Months Ended December 31, 2010
2012
2011
September 13, 2010
Restricted Stock
CEO
0.2 million
Vest ratably over three years
$9.62
$0.6 million
$0.7 million
$0.2 million
September 13, 2010
Stock options
CEO
0.2 million
Vest ratably over four years
$9.75: based on the closing market price of the Company’s common stock on September 3, 2010.
$0.2 million
$0.2 million
Less than $0.1 million
September 13, 2010
Premium priced stock options
CEO
0.6 million
Vested immediately upon issuance
0.2 million shares at $15 per share

0.2 million shares at $23 per share

0.2 million shares at $32 per share
$0.6 million
$0.7 million
$0.2 million
September 13, 2010
Common Stock
Executive Oversight Committee
Less than 0.1 million
Vested immediately upon issuance
$9.62
$0.2 million
March 1, 2010
SARs
Executive officers and certain employees

1.3 million
Vest ratably over three years
$28.68: based on the volume weighted average market value of the Company’s common stock during the first thirty calendar days upon emergence from Chapter 11.
$1.4 million
$1.8 million
$3.5 million
March 1, 2010
Common Stock
Board of Directors
Less than 0.1 million
Vested immediately upon issuance
$29.60
$0.5 million