XML 60 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900
EQUITY (Tables)
12 Months Ended
Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Assumptions Used to Estimate Fair Value
 

Year ended

 

December 31,

 

 

2015

 

2014

 

2013

 

           

Risk free interest

  1.24-1.61 1.43-1.73 0.90

Dividend yields

  0 % 0 % 0 %

Volatility

  33-34 34-36 % 46

Expected term (in years)

  4.8   4.8   5  
Employee [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Stock Option Activity
 

Number of options


   

Weighted-average
exercise price


   

Weighted- average
remaining
contractual term
(in years)


   

Aggregate intrinsic
value
(in thousands)


                     

Outstanding at January 1, 2015

  4,431,383     $ 5.0     2.2     $ 1,405

Granted

  570,000     $ 5.5        

Exercised

    (1,307,448 )     $ 4.3        

Expired

    (1,209,005 )     $ 5.7        

Forfeited

    (983,830 )     $ 5.5        
               

Outstanding at December 31, 2015

    1,501,100     $ 5.0     4.3     $ 74
               

Exercisable at December 31, 2015

    555,182     $ 4.7     3.3     $ 41
               

Vested and expected to vest at December 31, 2015

    1,379,691     $ 4.9     4.2     $ 74

 

 

Year ended
December 31,


 

2014


 

2013


 

Number
of options


 

Weighted-
average

exercise
price


   

Number
of options


   

Weighted-
average
exercise
price


                 

Options outstanding at beginning of year

    5,374,000     $ 5.0     5,879,798     $ 5.0

Granted

    600,000     $ 5.2     40,000     $ 5.3

Exercised

    (272,000 )     $ 4.0     (154,498 )     $ 4.2

Expired

    (21,750 )     $ 6.5     (151,900 )     $ 5.0

Forfeited

    (1,248,867 )     $ 5.2     (239,400 )     $ 6.0
       
       

Options outstanding at end of year

    4,431,383     $ 5.0     5,374,000     $ 5.0
               

Options exercisable at end of year

    3,357,465     $ 5.2     4,097,913     $ 5.4
Schedule of Stock Option Activity by Exercise Price
       

 

   

 

         

 

   

Weighted-

 
     

Options


 

Weighted-


   

Options


 

average


     

outstanding


 

average


 

Weighted


 

exercisable


 

exercise


Ranges of

   

as of


 

remaining


 

Average


 

as of


 

price of


Exercise

   

December 31,


 

contractual


 

Exercise


 

December 31,


 

exercisable


Price

   

2015


 

life (years)


 

Price


 

2015


 

options


                       
$ 3.00-4.00     376,100   3.8   $ 3.4   149,600   $ 3.3
$ 4.54-6.77     1,075,000   4.4   $ 5.5   405,582   $

5.2

$ 7.01     50,000   5.3   $ 7.0   -   $ -
             
      1,501,100   4.3   $ 5.0   555,182   $ 4.7
Summary of Restricted Stock Activity
 

Year ended December 31,


 

2015


 

2014


 

2013


 

Number of RSUs

 

Weighted-
average
grant date
fair value


 

Number of RSUs


 

Weighted-
average
grant date
fair value


 

Number of RSUs


 

Weighted-
average
grant date
fair value


                   

RSUs outstanding at the beginning of the year

  571,625     $ 4.1   991,276   $ 4.1   1,348,452   $ 4.1

Granted

  -       -  
  47,000   $ 5.8

Vested

  (281,675 )   $ 4.0   (323,650 )   $ 4.1   (262,426 )   $ 4.3

Forfeited

  (45,750 )   $ 3.9   (96,001 )   $ 4.1   (141,750 )   $ 4.3
             

RSUs outstanding at the end of the year

  244,200     $ 4.1   571,625   $ 4.1   991,276   $ 4.1