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Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock Compensation [Abstract]  
Schedule Of Shares Available For Grant

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Authorized

 

Available for Grant

Plan

 

Shares

 

2014

 

2013

1996 Discounted Employee Stock Purchase Plan, as amended

 

1,900,000 

 

638,000 

 

749,000 

2004 Employee Stock Incentive Plan

 

2,100,000 

 

--

 

60,000 

2009 Employee Stock Incentive Plan

 

7,100,000 

 

3,929,000 

 

2,221,000 

Total

 

11,100,000 

 

4,567,000 

 

3,030,000 

 

Schedule Of Stock Grant Activity For RSAs

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average

 

 

 

 

Grant Date

RSAs

 

Shares

 

Fair Value

Unvested at December 31, 2011

 

552,000 

 

$

5.91 

Granted

 

229,000 

 

 

5.39 

Vested

 

(142,000)

 

 

7.00 

Unvested at December 31, 2012

 

639,000 

 

 

5.48 

Granted

 

232,000 

 

 

6.10 

Vested

 

(215,000)

 

 

5.80 

Forfeited

 

(34,000)

 

 

5.31 

Unvested at December 31, 2013

 

622,000 

 

 

5.62 

Granted

 

232,000 

 

 

9.97 

Vested

 

(324,000)

 

 

5.55 

Forfeited

 

(35,000)

 

 

7.22 

Unvested at December 31, 2014

 

495,000 

 

 

7.65 

 

Schedule Of Stock Grant Activity For PSAs

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Average

 

 

 

 

Grant Date

PSAs

 

Shares

 

Fair Value

Unvested at December 31, 2013

 

--

 

 

--

Granted

 

250,000 

 

$

10.18 

Vested

 

--

 

 

--

Forfeited

 

--

 

 

--

Unvested at December 31, 2014

 

250,000 

 

 

10.18 

 

Schedule Of Stock Grant Activity For RSUs

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Remaining

 

Aggregate

 

 

 

 

Contractual

 

Intrinsic

RSUs

 

Shares

 

Term in years

 

Value

Outstanding at December 31, 2011

 

97,000 

 

 

1.66 

 

$

466,000 

Granted

 

64,000 

 

 

 

 

 

 

Vested

 

(37,000)

 

 

 

 

 

 

Forfeited

 

(4,000)

 

 

 

 

 

 

Outstanding at December 31, 2012

 

120,000 

 

 

1.54 

 

 

747,000 

Granted

 

73,000 

 

 

 

 

 

 

Vested

 

(54,000)

 

 

 

 

 

 

Forfeited

 

(10,000)

 

 

 

 

 

 

Outstanding at December 31, 2013

 

129,000 

 

 

1.56 

 

 

1,425,000 

Granted

 

5,000 

 

 

 

 

 

 

Vested

 

(52,000)

 

 

 

 

 

 

Forfeited

 

(21,000)

 

 

 

 

 

 

Outstanding at December 31, 2014

 

61,000 

 

 

1.21 

 

 

687,000 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

57,000 

 

 

1.21 

 

$

651,000 

 

Schedule Of Stock Grant Activity For PSUs

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Remaining

 

Aggregate

 

 

 

 

Contractual

 

Intrinsic

PSUs

 

Shares

 

Term in years

 

Value

Outstanding at December 31, 2012

 

159,000 

 

 

0.93 

 

$

989,000 

Granted

 

182,000 

 

 

 

 

 

 

Vested

 

(99,000)

 

 

 

 

 

 

Forfeited

 

(6,000)

 

 

 

 

 

 

Outstanding at December 31, 2013

 

236,000 

 

 

0.81 

 

 

2,612,000 

Granted

 

185,000 

 

 

 

 

 

 

Vested

 

(143,000)

 

 

 

 

 

 

Forfeited

 

(21,000)

 

 

 

 

 

 

Outstanding at December 31, 2014

 

257,000 

 

 

0.73 

 

 

2,907,000 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

240,000 

 

 

0.69 

 

$

2,722,000 

 

Summary Of Stock Option Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted

 

Remaining

 

Aggregate

 

 

 

 

Average

 

Contractual

 

Intrinsic

 

 

Shares

 

Exercise Price

 

Term in years

 

Value

Outstanding at December 31, 2011

 

2,200,000 

 

$

6.83 

 

 

4.00 

 

$

--

Granted

 

159,000 

 

 

5.67 

 

 

 

 

 

 

Exercised

 

(48,000)

 

 

5.64 

 

 

 

 

 

 

Forfeited

 

(2,000)

 

 

7.01 

 

 

 

 

 

 

Expired

 

(249,000)

 

 

7.03 

 

 

 

 

 

 

Outstanding at December 31, 2012

 

2,060,000 

 

 

6.74 

 

 

3.66 

 

 

1,225,000.0 

Granted

 

162,000 

 

 

6.12 

 

 

 

 

 

 

Exercised

 

(365,000)

 

 

7.48 

 

 

 

 

 

 

Forfeited

 

(49,000)

 

 

5.56 

 

 

 

 

 

 

Expired

 

(14,000)

 

 

6.69 

 

 

 

 

 

 

Outstanding at December 31, 2013

 

1,794,000 

 

 

6.57 

 

 

3.31 

 

 

8,274,000 

Granted

 

562,000 

 

 

10.12 

 

 

 

 

 

 

Exercised

 

(297,000)

 

 

7.26 

 

 

 

 

 

 

Forfeited

 

(23,000)

 

 

7.97 

 

 

 

 

 

 

Expired

 

(15,000)

 

 

7.34 

 

 

 

 

 

 

Outstanding at December 31, 2014

 

2,021,000 

 

 

7.43 

 

 

3.54 

 

 

8,021,000 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and expected to vest

 

1,961,000 

 

$

7.36 

 

 

3.46 

 

$

7,938,000 

Exercisable at December 31, 2014

 

1,333,000 

 

$

6.48 

 

 

2.21 

 

$

6,604,000 

 

Summary Of Other Information Concerning Stock Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

Weighted-average fair value of options granted

$

4.14 

 

$

2.54 

 

$

2.67 

Intrinsic value of options exercised

 

918,000 

 

 

673,000 

 

 

10,000 

 

Schedule Of Weighted-Average Assumptions Used To Determine The Fair Value Of Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

 

Stock

 

ESPP

 

Stock

 

ESPP

 

Stock

 

ESPP

 

Options

 

Options

 

Options

 

Options

 

Options

 

Options

Expected life of options

4.2 Years

 

0.5 Years

 

4.3 Years

 

0.5 Years

 

4.3 Years

 

0.5 Years

Expected stock price volatility

0.55 

 

0.36 

 

0.60 

 

0.39 

 

0.60 

 

0.48 

Dividend yield

1.16% 

 

1.12% 

 

1.91% 

 

1.59% 

 

N/A

 

N/A

Risk-free interest rate

1.34% 

 

0.08% 

 

0.70% 

 

0.13% 

 

0.71% 

 

0.12% 

 

Summary Of Stock Compensation Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

2013

 

2012

RSA, PSA, RSU, and PSU expense

$

2,855 

 

$

2,616 

 

$

2,204 

Stock option and ESPP option expense

 

842 

 

 

852 

 

 

1,172 

Total stock compensation expense

$

3,697 

 

$

3,468 

 

$

3,376