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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2013
Share-Based Compensation  
Schedule of activity of parent company under the 2007 Stock Option Plan

 

 

(in thousands except exercise price and years)

 

Number of
Options

 

Weighted
average
exercise price

 

Aggregate
intrinsic value

 

Weighted
average
remaining
contractual
term (years)

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2012

 

36,668

 

$

1.12

 

$

11,253

 

5.6

 

Granted

 

6,150

 

1.40

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

Forfeited or expired

 

(3,971

)

1.05

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at June 30, 2013

 

38,847

 

$

1.17

 

$

9,838

 

6.0

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2013

 

26,209

 

$

1.05

 

$

9,661

 

4.4

 

 

 

 

 

 

 

 

 

 

 

Remaining authorized options available for issue

 

4,839

 

 

 

 

 

 

 

Schedule of assumptions used in determining the fair value of stock options granted under the Black-Scholes model

 

 

 

 

Six Month Ended

 

 

 

June 30, 2013

 

 

 

 

 

Risk-free interest rate

 

1.25

%

Expected volatility

 

35.3

%

Dividend yield

 

N/A

 

Expected option life (years)

 

6.75

 

Black-Scholdes Value of options

 

$

0.53