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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of stock option grants
The following table summarizes stock option grants during the years ended December 31, 2014, 2013, and 2012:
Grantee
Type
 
# of
Options
Granted
 
Vesting Period
 
Weighted
Average
Exercise Price
 
Weighted
Average Grant
Date Fair Value
2014
 
 
 
 
 
 
 
 
Director group
 
51,276

 
1 year or less
 
$
6.45

 
$
1.89

Employee group (1)
 
1,480,000

 
3 years
 
$
6.99

 
$
1.81

Employee inducement (2)
 
270,000

 
3 years
 
$
6.64

 
$
1.71

 
 
 
 
 
 
 
 
 
2013
 
 
 
 
 
 
 
 
Director group
 
75,490

 
1 year or less
 
$
5.67

 
$
2.00

Director group
 
17,092

 
3 years
 
$
6.83

 
$
3.76

Employee group
 
549,875

 
3 years
 
$
5.75

 
$
2.48

Employee inducement (3)
 
20,000

 
3 years
 
$
7.14

 
$
3.81

 
 
 
 
 
 
 
 
 
2012
 
 
 
 
 
 
 
 
Director group
 
56,261

 
1 year or less
 
$
7.55

 
$
3.89

Director group
 
8,546

 
3 years
 
$
7.72

 
$
4.25

Employee group
 
597,250

 
3 years
 
$
7.54

 
$
4.12

Employee inducement (4)
 
45,000

 
3 years
 
$
8.54

 
$
4.58

 
(1)
The weighted average exercise price for these options is calculated based on an exercise price of $6.36 for the options that vest on June 27, 2015, $6.99 for the options that vest on June 27, 2016 and $7.63 for the options that vest on June 27, 2017.
(2)
The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2014 to two executives in connection with the executives joining the Company.
(3)
The Company granted non-qualified performance-based stock options outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company.
(4)
The Company granted non-qualified stock options outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with their joining the company. These options were forfeited in 2014.
Summary of nonvested stock awards granted
The following table summarizes nonvested stock awards granted during the years ended December 31, 2014, 2013 and 2012:
Grantee
Type
 
# of Shares
Granted
 
Vesting Period
 
Weighted
Average Grant
Date Fair Value
2014
 
 
 
 
 
 
Director group
 
51,276

 
1 year or less
 
$
6.45

Director group
 

 
3 years
 
$

Employee group
 
120,000

 
3 years
 
$
6.36

Employee inducement (1)
 
70,000

 
3 years
 
$
6.04

 
 
 
 
 
 
 
2013
 
 
 
 
 
 
Director group
 
75,490

 
1 year or less
 
$
5.67

Director group
 
17,092

 
3 years
 
$
6.83

Employee group
 
599,875

 
3 years
 
$
5.82

Employee inducement (2)
 
20,000

 
3 years
 
$
7.14

 
 
 
 
 
 
 
2012
 
 
 
 
 
 
Director group
 
56,261

 
1 year or less
 
$
7.55

Director group
 
8,546

 
3 years
 
$
7.72

Employee group
 
426,286

 
3 years
 
$
7.55

Employee inducement (3)
 
45,000

 
3 years
 
$
8.54

 
(1)
The Company granted nonvested stock awards (restricted stock) outside its existing stock-based compensation plans in the third quarter of 2014 to two executives in connection with the executives joining the Company.
(2)
The Company granted nonvested performance-based stock awards (restricted stock) outside its existing stock-based compensation plans in the first quarter of 2013 to one employee in connection with the employee joining the Company.
(3)
The Company granted nonvested stock awards (restricted stock units) outside its existing stock-based compensation plans in the third quarter of 2012 to one employee in connection with the employee joining the company. These restricted stock unit awards were forfeited in 2014.

A summary of nonvested stock awards (restricted stock and restricted stock units) activity as of December 31, 2014, and changes during the year then ended is presented below:
Nonvested Stock
 
Shares
 
Weighted
Average Grant
Date Fair Value
(Per Share)
Nonvested at January 1, 2013
 
896,409

 
$
6.47

Granted
 
241,276

 
6.29

Vested
 
(369,032
)
 
6.39

Forfeited
 
(140,805
)
 
6.68

Nonvested at December 31, 2014
 
627,848

 
$
6.40

Summary of stock option activity
A summary of option activity as of December 31, 2014, and changes during the year then ended is presented below:
Options
 
Shares
 
Weighted-
Average
Exercise
Price
(Per Share)
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
($ 000’s)
Outstanding at January 1, 2013
 
3,035,420

 
$
6.49

 
4.12 years
 
$
3,558

Granted
 
1,801,276

 
6.92

 
 
 
 
Exercised
 
(716,780
)
 
3.94

 
 
 
$
1,737

Forfeited
 
(585,640
)
 
7.55

 
 
 
 
Expired
 
(209,173
)
 
13.38

 
 
 
 
Outstanding at December 31, 2014
 
3,325,103

 
$
6.66

 
4.67 years
 
$
711

Exercisable at December 31, 2014
 
1,210,310

 
$
6.31

 
3.22 years
 
$
708