Stockholders' Equity

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Stockholders' Equity

12. Stockholders’ Equity

Series A convertible preferred stock

During the nine months ended September 30, 2016, the Company issued dividends in the amount of 7,607 shares of Series A convertible preferred stock to the holders of the Series A convertible preferred stock. As of September 30, 2016, dividends in arrears were $4.

Common Stock

As of September 30, 2016, the Company has reserved 17,451,370 shares of common stock for future issuances related to employee stock compensation plans.

On April 20, 2016, the stockholders of the Company approved the 2016 LTIP, which replaced the 2006 LTIP.  The number of shares authorized for delivery under the 2016 LTIP is 6,949,400 shares, including 1,949,400 shares that remained available under the 2006 LTIP as of February 17, 2016. In addition, the stockholders of the Company approved the ESPP, under which 5,000,000 shares of the Company’s common stock are available for issuance. Prior to the approval of the 2016 LTIP and ESPP, the Company had reserved 7,451,870 shares of common stock for future issuances related to employee stock compensation plans.