SHARE-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2017

Equity Incentive Awards

Summary of award activity

A summary of award activity is as follows (in thousands):

	Stock Options	Restricted Stock
	Granted	Granted
Outstanding, December 31, 2016	18,233	80
Additional authorized shares	—	—
Granted	4,003	—
Exercised options or vested shares	(4)	(9)
Cancelled or forfeited	(71)	—
Outstanding, March 31, 2017	22,161	71

Summary of options activity

				Weighted
	Number of	Weighted Average		Average Life	Aggregate
	Common Shares	Exercise Price		Remaining	Intrinsic Value
	(in thousands)	(per share)		(years)	(in thousands)
Outstanding, December 31, 2016	18,233	$	6.02	6.4	$	2,387
Granted	4,003		3.29
Exercised	(4)		2.20
Canceled or forfeited	(71)		5.56
Outstanding, March 31, 2017	22,161	$	5.53	6.9	$	20,511
Vested and expected to vest, March 31, 2017	19,149	$	5.68	6.7	$	16,465
Exercisable, March 31, 2017	9,573	$	7.12	4.6	$	2,186

Summary of non-vested share awards for time-based restricted shares

		Weighted
	Shares	Average Grant
	Outstanding	Date Fair Value
	(in thousands)	(per share)
Outstanding, December 31, 2016	80	$	7.12
Granted	—		—
Vested	(9)		7.09
Forfeited	—		—
Outstanding, March 31, 2017	71	$	7.12

Time Based Options

Equity Incentive Awards

Schedule assumptions used to determine fair value

	Three months ended
	March 31,
	2017
Risk-free interest rate	2	%
Expected life of options (in years)	6
Expected volatility	54	%
Expected dividend yield	—	%

Market Performance Based Options

Equity Incentive Awards

Schedule assumptions used to determine fair value

	Three months ended
	March 31,
	2017
Risk-free interest rate	3	%
Measurement period (in years)	10
Expected volatility	70	%
Expected dividend yield	—	%