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Stock-Based Compensation and Stockholders' Deficit (Tables)
 12 Months Ended
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation Expense
The Company recorded stock-based compensation expense during the years ended December 31, 2014, 2013 and 2012 as follows: 
 
 
 
For the Years Ended December 31,
 
 
 
2014
2013
2012
RSU and DSU Awards (1)
 
 
$
2,176

$
1,457

$
1,856

Management Incentive/Performance Award Programs (2)
 
 
—

—

—

Other Awards (3)
 
 
372

279

93

Total
 
 
$
2,548

$
1,736

$
1,949

 
(1)
Related to RSUs and DSUs awarded to certain employees and non-employee directors.
(2)
No amount was recorded for the 2012 Management Incentive Compensation Program (the “2012 MIC”), as the performance targets were not met at December 31, 2012. In 2013 and 2014, the Management Incentive Program was converted to pay out entirely in cash. Therefore, no stock-based compensation was recorded.
(3)
This amount relates to options awarded on August 15, 2012 to the CEO.
RSU Activity
A summary of RSUs outstanding as of December 31, 2014 and their vesting dates is as follows.
 
Plan Description
 
Remaining Vesting Dates
 
Number of RSUs
Executive time-based RSUs granted during 2012
 
March 31, 2015
 
10,418

Non-executive time-based RSUs granted during 2012
 
March 31, 2015
 
3,290

Time-based RSUs granted to CEO during 2012
 
August 15, 2015 and August 15, 2016
 
136,145

Executive time-based RSUs granted during 2013
 
Cliff-vest at March 10, 2016
 
172,573

Executive market-based RSUs granted during 2013
 
March 10, 2016
 
172,578

DSUs
 
Vest immediately upon grant
 
71,323

Executive time-based RSUs granted during 2014
 
Cliff-vest at March 10, 2017
 
60,339

Executive market-based RSUs granted during 2014
 
March 10, 2017
 
112,058

 
 
 
 
738,724

 
 
 
 
 

RSU activity during years ended December 31, 2012, 2013 and 2014, are presented below.
 
 
 
Number  of
RSUs
 
Price Range of Grant-
Date
Fair Value Per RSU
 
Weighted
Average  Grant-Date Fair
Value Price Per RSU
Outstanding, December 31, 2011
 
292,345

 
7.25  –   21.69
 
$
13.04

Granted
 
444,974

 
4.04  –     8.25
 
4.13

Forfeited
 
(96,725
)
 
4.07  –   12.93
 
11.87

Issued or withheld for tax withholding purposes
 
(179,890
)
 
3.60  –   21.69
 
8.30

Outstanding, December 31, 2012
 
460,704

 
4.04  –   21.69
 
6.57

Granted
 
371,152

 
9.33  –     9.83
 
9.81

Forfeited
 
(47,602
)
 
4.07  –   21.69
 
3.71

Issued or withheld for tax withholding purposes
 
(86,650
)
 
4.07 –   21.69
 
11.26

Outstanding, December 31, 2013
 
697,604

 
4.04  –  21.69
 
6.57

Granted
 
176,118

 
12.00 - 15.05
 
12.06

Forfeited
 
(702
)
 
4.07  –  21.69
 
3.71

Issued or withheld for tax withholding purposes
 
(134,296
)
 
4.07  –  21.69
 
5.18

Outstanding, December 31, 2014
 
738,724

 
4.04  –  21.69
 
$
8.61

Exercisable, December 31, 2014 (1)
 
71,323

 
2.90 – 24.05
 
$
9.12

 
 
 
 
 
 
 
 
(1)
The Company had 71,323 non-employee director DSUs that have vested, but have not yet been converted to common stock. These DSUs have a weighted average exercise price of $9.12, an intrinsic value of $526 and a total grant-date fair value of $650. As the non-employee director can elect to exercise these DSUs six months following their retirement from the Board of Directors, there is no definite weighted average life of these DSUs.
Harolds Options Assumptions
For the options granted on August 15, 2012, as previously discussed, the Company calculated the grant-date fair value by using the Monte Carlo and Black Scholes-Merton pricing models with the following assumptions:

 
Options
Expected term (based on historical option prices)
6.5 years
Expected volatility (historical volatility blended with peers)
55.1%
Expected dividends (Credit Facility prohibits dividends)
None
Risk-free interest rate (the yield on a U,S, Treasury Strip for the option term)
1.16%