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

Restricted stock activity during the year ended December 31, 2016 was as follows:

 

     Number of
Restricted
Shares
     Weighted
Average Fair
Market Value
Per RSU
 

Outstanding at January 1, 2016

     4,298,154      $ 10.23  

Granted:

     

Executive officers

     805,616        3.80  

Directors

     185,000        2.43  

Employees

     713,000        3.64  

Vested

     (592,066      2.68  

Forfeitures

     (92,000      4.14  

Conversions

     (733,407      10.44  
  

 

 

    

 

 

 

Outstanding at December 31, 2016

     4,584,797      $ 7.29  
  

 

 

    

 

 

 

Summary of Stock Option Activity

Stock option activity for the years ended December 31, 2016, 2015 and 2014 is as follows:

 

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

Outstanding at January 1, 2014

     4,192,927      $ 3.82      $ 9,146  
  

 

 

    

 

 

    

 

 

 

Granted in 2014:

        

Others

     420,480        13.86     

Exercised

     (1,332,563      3.48     

Forfeitures

     (84,744      5.26     
  

 

 

       

Outstanding at December 31, 2014

     3,196,100      $ 4.32      $ 22,881  
  

 

 

    

 

 

    

 

 

 

Granted in 2015:

        

Others

     684,629        8.14     

Exercised

     (235,480      3.52     

Forfeitures

     (247,720      12.65     
  

 

 

       

Outstanding at December 31, 2015

     3,397,529      $ 5.42      $ 3,124  
  

 

 

    

 

 

    

 

 

 

Granted in 2016:

        

Officers and Directors

     95,000      $ 2.34     

Others

     558,373        3.12     

Exercised

     (147,425      2.01     

Forfeitures

     (434,486      13.17     
  

 

 

       

Outstanding at December 31, 2016

     3,468,991      $ 4.14      $ 0  
  

 

 

    

 

 

    

 

 

 
Summary of Stock Options Outstanding

Options outstanding at December 31, 2016 are as follows:

 

Range of Exercise Prices

   Number
Outstanding
     Weighted Average
Remaining Contractual
Life (Years)
     Weighted Average
Exercise Price
     Aggregate
Intrinsic
Value
 
$1.00 – 5.00        2,126,448        4.84      $ 2.98     
$5.01 – 10.00        1,202,258        3.53      $ 6.52     
$10.01 – 15.00        67,250        8.11      $ 13.19     
$15.01 – 20.00        73,035        7.76      $ 16.30     
  

 

 

          

 

 

 
     3,468,991            $ 0  
  

 

 

          

 

 

 
Summary of Stock Options Exercisable

Options exercisable at December 31, 2016 are as follows:

 

Range of Exercise Prices

   Number
Outstanding
     Weighted Average
Remaining Contractual
Life (Years)
     Weighted Average
Exercise Price
     Aggregate
Intrinsic
Value
 
$1.00 – 5.00        1,605,457        3.30      $ 3.05     
$5.01 – 10.00        960,297        2.26      $ 6.45     
$10.01 - 15.00      25,117        8.08      $ 13.27     
$15.01 - 20.00      48,689        7.76      $ 16.30     
  

 

 

          

 

 

 
     2,639,560            $ 0  
  

 

 

          

 

 

 
Summary of Non-Vested Stock Options

Nonvested stock options as of December 31, 2016, and changes during the year then ended, are as follows:

 

Nonvested Shares

   Shares      Weighted Average
Grant Date Fair
Value
     Intrinsic
Value
 

Nonvested at January 1, 2016

     894,345        

Granted

     653,373        

Vested

     (283,801      

Forfeited

     (434,486      
  

 

 

    

 

 

    

 

 

 

Nonvested at December 31, 2016

     829,431      $ 4.88      $ 0  
  

 

 

    

 

 

    

 

 

 
Summary of Allocated Stock-based Compensation Expense

The Company’s stock-based compensation expense is allocated between research and development and selling, general and administrative as follows as of December 31:

 

Stock-based compensation expense

   2016      2015      2014  

Research and Development

   $ 2.5      $ 4.2      $ —    

Selling, General and Administrative

   $ 12.4      $ 12.8      $ 6.7