Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2013

Stock-Based Compensation Plans [Abstract]

Service Options – In August, 2012, we granted stock options to certain officers and other key employees as consideration for service. Options granted generally vest ratably over a three year period and have 10-year contractual terms. The table below summarizes service option activity during the year ended December 31, 2013:

	Number of Options			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period	Aggregate Intrinsic Value
Service options outstanding at December 31, 2012		195,475		$	—
Granted		—			—
Exercised		—			—
Forfeited		(30,278	)		8.00
Service options outstanding at December 31, 2013		165,197		$	8.00	1.1 years	—
Service options vested or expected to vest		165,197		$	8.00	1.1 years	—
Service options exercisable at December 31, 2013		—		$	—	—	—

Restricted stock activity

Restricted Stock Units (“RSUs”) – We grant RSUs to certain officers and other key employees as consideration for service. The table below summarizes RSU activity during the year ended December 31, 2013:

	Number of RSUs			Weighted Average Grant-date Fair Value		Weighted Average Remaining Vesting Period
RSUs unvested at December 31, 2012		664,509		$	9.97
Granted		599,810			5.37
Vested		(196,922	)		10.35
Forfeited		(179,439	)		7.31
RSUs unvested at December 31, 2013		887,958		$	7.28	1.5 years
RSUs expected to vest		705,747		$	7.33	1.5 years

Share based compensation programs expense recognized

Compensation expense for share-based compensation programs was recognized as a component of operating expenses as follows:


	Years Ended December 31,
(In thousands)	2013		2012		2011
Share-based compensation expense recognized	$	2,411	$	3,119	$	2,397

Assumption used with Black Scholes option-pricing model

In determining the estimated fair value of our share-based awards as of the grant date, we used the Black-Scholes option-pricing model with the assumptions illustrated in the table below:

	For the Year Ended December 31,
	2012
Expected Dividend Yield	0.0%
Expected Volatility in Stock Price	56.4%
Risk-Free Interest Rate	0.9%
Expected Life of Stock Awards	6.0 years
Weighted-Average Fair Value at Grant Date	$4.19