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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2012
Weighted-Average Assumptions of Options and Warrants for All Years

The fair value for these options and warrants for all years was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

 

Expected Volatility      30 - 50
Expected Dividend Yield      0
Expected Life (Term)      3 - 7 years   
Risk-Free Interest Rate      3.00 - 4.75
Summary of Stock Options Activity and Related Information

Summaries of the Company’s stock options, warrants (other than warrants issued related to our 1.875% Convertible Notes and 2.50% Convertible Notes) and performance related options activity, and related information for the Current Quarter are as follows:

 

Options            Weighted-Average    
         Options         Exercise Price  
Outstanding at January 1, 2012      1,711,008      $ 5.42   
Granted      -        -   
Canceled      -        -   
Exercised      (251,858     2.75   
Expired/Forfeited      -        -   
  

 

 

   

 

 

 
Outstanding at March 31, 2012      1,459,150      $ 5.88   
  

 

 

   

 

 

 
Exercisable at March 31, 2012      1,459,150      $ 5.88   
Summary of Warrants and Related Information

Warrants

 

              Weighted-Average    
         Warrants          Exercise Price  
Outstanding at January 1, 2012      197,250       $ 19.39   
Granted      -         -   
Canceled      -         -   
Exercised      -         -   
Expired/Forfeited      -         -   
  

 

 

    

 

 

 
Outstanding at March 31, 2012      197,250       $ 19.39   
  

 

 

    

 

 

 
Exercisable at March 31, 2012      197,250       $ 19.39   
Summary of Unvested Restricted Stock

The following tables summarize information about unvested restricted stock transactions:

 

           Weighted-Average  
         Shares         Grant Date Fair Value  
Non-vested, January 1, 2012      2,937,255      $ 18.61   
Granted      37,833        16.39   
Vested      (26,954     16.92   
Forfeited/Canceled      -        -   
  

 

 

   

 

 

 
Non-vested, March 31, 2012      2,948,134      $ 18.60