XML 51 R30.htm IDEA: XBRL DOCUMENT v3.6.0.2
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of weighted-average valuation assumptions

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

    

2014

    

2015

    

2016

 

Expected volatility

 

102.86

%  

106.38

%  

98.83

%

Risk-free interest rate

 

1.98

%  

1.55

%  

1.47

%

Weighted-average expected life (in years)

 

6.6

 

6.4

 

6.6

 

Dividend yield

 

0.00

%  

0.00

%  

0.00

%

 

Schedule of stock option activity

 

 

The Company’s stock option activity and related information are summarized as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

Weighted-Average

 

Contractual Term

 

Aggregate

 

 

    

Options

    

Exercise Price

    

(In Years)

    

Intrinsic Value

 

Outstanding at January 1, 2014

 

5,246,465

 

$

6.76

 

 

 

 

 

 

Granted during year

 

1,065,386

 

 

10.54

 

 

 

 

 

 

Exercised during year

 

(399,654)

 

 

3.23

 

 

 

 

 

 

Expired during year

 

(244,121)

 

 

9.17

 

 

 

 

 

 

Forfeited during year

 

(571,402)

 

 

10.49

 

 

 

 

 

 

Outstanding at December 31, 2014

 

5,096,674

 

$

7.29

 

6.87

 

$

6,329,518

 

Exercisable at December 31, 2014

 

2,695,278

 

 

5.89

 

5.68

 

 

4,986,059

 

Outstanding at January 1, 2015

 

5,096,674

 

 

7.29

 

 

 

 

 

 

Granted during year

 

1,126,672

 

 

5.23

 

 

 

 

 

 

Exercised during year

 

(146,046)

 

 

2.60

 

 

 

 

 

 

Expired during year

 

(156,160)

 

 

11.03

 

 

 

 

 

 

Forfeited during year

 

(234,325)

 

 

8.05

 

 

 

 

 

 

Outstanding at December 31, 2015

 

5,686,815

 

$

6.87

 

6.52

 

$

1,432,306

 

Exercisable at December 31, 2015

 

3,391,069

 

 

6.46

 

5.37

 

 

1,333,875

 

Outstanding at January 1, 2016

 

5,686,815

 

 

6.87

 

 

 

 

 

 

Granted during year

 

1,100,997

 

 

3.21

 

 

 

 

 

 

Exercised during year

 

(129,638)

 

 

2.01

 

 

 

 

 

 

Expired during year

 

(28,369)

 

 

7.65

 

 

 

 

 

 

Forfeited during year

 

(182,211)

 

 

4.45

 

 

 

 

 

 

Outstanding at December 31, 2016

 

6,447,594

 

$

6.41

 

6.17

 

$

33,283

 

Exercisable at December 31, 2016

 

4,666,628

 

 

6.76

 

5.34

 

 

33,283

 

 

Schedule of nonvested stock option activity

 

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

 

Options

 

Grant Date Value

 

Nonvested stock options at January 1, 2014

 

2,977,027

 

$

6.62

 

Granted during year

 

1,065,386

 

 

8.62

 

Vested during year

 

(1,069,615)

 

 

6.61

 

Forfeited during year

 

(571,402)

 

 

8.36

 

Nonvested at December 31, 2014

 

2,401,396

 

$

7.07

 

Nonvested stock options at January 1, 2015

 

2,401,396

 

$

7.07

 

Granted during year

 

1,126,672

 

 

4.34

 

Vested during year

 

(997,997)

 

 

6.48

 

Forfeited during year

 

(234,325)

 

 

6.37

 

Nonvested at December 31, 2015

 

2,295,746

 

$

6.05

 

Nonvested stock options at January 1, 2016

 

2,295,746

 

$

6.05

 

Granted during year

 

1,100,997

 

 

2.58

 

Vested during year

 

(1,433,566)

 

 

5.74

 

Forfeited during year

 

(182,211)

 

 

3.57

 

Nonvested at December 31, 2016

 

1,780,966

 

$

4.41

 

 

Schedule of restricted stock unit activity

 

 

 

 

 

 

 

 

    

 

    

Weighted-Average

 

 

 

Restricted

 

Grant Date

 

 

 

Stock Units

 

Fair Value

 

Outstanding at January 1, 2014

 

 —

 

$

 —

 

Granted during year

 

196,710

 

 

11.11

 

Vested during year

 

(1,875)

 

 

11.11

 

Forfeited during year

 

(33,396)

 

 

11.11

 

Outstanding at December 31, 2014

 

161,439

 

$

11.11

 

Outstanding at January 1, 2015

 

161,439

 

 

11.11

 

Granted during year

 

260,976

 

 

5.17

 

Vested during year

 

(40,333)

 

 

11.11

 

Forfeited during year

 

(30,668)

 

 

8.07

 

Outstanding at December 31, 2015

 

351,414

 

 

7.03

 

Outstanding at January 1, 2016

 

351,414

 

$

7.03

 

Granted during year

 

254,538

 

 

3.21

 

Vested during year

 

(177,078)

 

 

6.71

 

Forfeited during year

 

(34,742)

 

 

4.13

 

Outstanding at December 31, 2016

 

394,132

 

$

4.96