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SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2012
Summary of Stock Option Activity

A summary of stock option activity under the Old Plan during the period January 1, 2012 – May 4, 2012:

 

     Predecessor  
     Shares     Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
 

Number of shares under option:

       

Outstanding at beginning of period

     15,500      $ 17.44         3.02 years   

Exercised

     0       

Cancelled

     (15,500   $ 17.44      
  

 

 

      

Outstanding at end of period

     0       

Exercisable at end of period

     0       

A summary of stock option activity under the K-9 Plan during the period August 13, 2012 – September 30, 2012:

 

     Successor  
     Shares      Weighted
Average
Exercise
Price
     Weighted
Average
Remaining
Contractual
Life
 

Number of shares under option:

        

Outstanding at beginning of period

     0         

Granted

     1,796,267       $ 10.000         5.17 years   

Exercised

     0         

Cancelled

     0         
  

 

 

       

Outstanding at end of period

     1,796,267       $ 10.000         5.17 years   

Exercisable at end of period

     0       $ 10.000         5.17 years   
Fair Value of Market Condition Shares Plan

Dividend yield

     0 %

Risk free interest rate

     0.71

Expected life of option

     5 years   

Expected equity volatility

     78.5

 

 

Dividend yield

     0 %

Risk free interest rate

     0.82

Expected life of option

     5.5 years   

Expected equity volatility

     75.2

 

   

 

Dividend yield

     0 %

Risk free interest rate

     0.82

Expected life of option

     5.5 years   

Expected equity volatility

     75.2

  

Dividend yield

     0  

Weighted average, risk free interest rate

     0.14

Expected stock price volatility

     49.92

Expected stock price volatility (small-cap stock index)

     29.14

 

Dividend yield

     0  

Weighted average, risk free interest rate

     0.14

Expected stock price volatility

     49.92

 

 

Dividend yield

     0  

Weighted average, risk free interest rate

     0.14

Expected stock price volatility

     49.92

Expected stock price volatility (small-cap stock index)

     29.14

 

Dividend yield

     0  

Weighted average, risk free interest rate

     0.25

Expected stock price volatility

     64.73

Expected stock price volatility (small-cap stock index)

     29.39

 

Dividend yield

     0  

Weighted average, risk free interest rate

     0.58

Expected stock price volatility

     64.73

 

Dividend yield

     0  

Weighted average, risk free interest rate

     0.58

Expected stock price volatility

     64.73

Expected stock price volatility (small-cap stock index)

     29.39

 

Dividend yield

     0  

Weighted average, risk free interest rate

     1.27

Expected stock price volatility

     95.21

Dividend yield

     0  

Weighted average, risk free interest rate

     1.27

Expected stock price volatility

     95.21

Expected stock price volatility (small-cap stock index)

     37.51
Summary of Non-Vested Shares Activity

A summary of non-vested shares activity for the period January 1, 2012 – May 4, 2012 is as follows:

 

     Predecessor  
     Shares     Weighted
Average
Grant Date
Fair Value
 

Non-vested shares balance at beginning of period

     910,678      $ 3.13   

Granted

     1,015,545      $ 2.43   

Forfeited

     (2,500   $ 3.00   

Vested

     (1,923,723   $ 2.76   
  

 

 

   

Non-vested shares balance at end of period

     0     $ 0  
  

 

 

   

 

     Successor  
     Shares      Weighted
Average
Grant Date
Fair Value
 

Non-vested shares balance at beginning of period

     0      

Granted

     37,500       $ 10.00   

Forfeited

     0      

Vested

     0      
  

 

 

    

Non-vested shares balance at end of period

     37,500      $ 10.00