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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Weighted Average for Key Assumptions Used in Determining Fair Value of Options Granted

The weighted average for key assumptions used in determining the fair value of options granted during the three months ended March 31, 2015 follows:

 

Expected price volatility

  73.29

Risk-free interest rate

  1.37

Weighted average expected life in years

  6 years   

Dividend yield

  —     

Summary of Option Activity

Option activity during the three months ended March 31, 2015 was as follows:

 

     Number of
Shares
     Weighted
Average
Exercise
Price
Per Share
     Aggregate
Intrinsic
Value
 

Outstanding at January 1, 2015

     3,196,100       $ 4.32      

Granted in 2015:

        

Officers and Directors

     —           —        

Others

     87,693         13.17      

Exercised

     (38,454      3.41      

Forfeitures

     (71,237      10.22     
  

 

 

    

 

 

    

Outstanding at March 31, 2015

  3,174,102    $ 5.39    $ 18,025   
  

 

 

    

 

 

    

 

 

Summary of Restricted Stock Activity

Restricted stock activity during the three months ended March 31, 2015 was as follows:

 

     Number of
Restricted
Shares
     Weighted
Average Fair
Market Value
Per RSU
 

Outstanding at January 1, 2015

     2,849,076       $ 6.08   

Granted in 2015:

     

Executive officers

     2,102,615        14.63  

Directors

     —           —     

Vested

     (694,269      14.39   

Forfeitures

     (65,853      11.69  
  

 

 

    

 

 

 

Outstanding at March 31, 2015

  4,191,569    $ 10.12