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Restricted Stock Units (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Summary of Restricted Stock Unit Activity

The following is a summary of the RSU activity for the years ended December 31, 2016, 2015 and 2014:

 

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

 

Average

 

 

 

Restricted

 

 

Grant

 

 

 

Stock Units

 

 

Date Fair

 

 

 

Outstanding

 

 

Value

 

Unvested, December 31, 2013

 

 

210,000

 

 

$

7.19

 

Granted

 

 

 

 

 

 

Vested

 

 

(70,000

)

 

 

7.19

 

Unvested, December 31, 2014

 

 

140,000

 

 

$

7.19

 

Granted

 

 

380,000

 

 

 

2.94

 

Vested

 

 

(70,000

)

 

 

7.19

 

Forfeited

 

 

(27,500

)

 

 

2.94

 

Unvested, December 31, 2015

 

 

422,500

 

 

$

3.64

 

Granted

 

 

660,331

 

 

 

3.74

 

Vested

 

 

(187,503

)

 

 

4.53

 

Unvested, December 31, 2016

 

 

895,328

 

 

$

3.53