Employee Share-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Stock Option Plans

The fair value of the Company’s stock options was estimated at the date of grant using the Black-Scholes based option valuation model.  The table below outlines the weighted average assumptions for options granted to employees during the six months ended June 30, 2012.

Six Months Ended June 30, 2012	2012
Volatility		33.03	%
Expected dividends		0.00	%
Expected term	5.8 years
Risk-free rate		1.10	%

Service Period Based Stock Options

The following table summarizes service period based stock option activity at June 30, 2012, and changes during the six months then ended:

				Weighted Average
						Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
	Shares			Price		Term		Value
Outstanding at December 31, 2011		13,895,872		$	1.53
Options Granted		3,540,000			0.84
Options Exercised		—			—
Options Forfeited		(4,573,384	)		1.03
Outstanding at June 30, 2012		12,862,488		$	1.52		6.11	$	98,744
Exercisable at June 30, 2012		9,854,670		$	1.51		6.05	$	79,276

Performance Based Stock Options

he following table summarizes performance based stock options activity at June 30, 2012 and changes during the six months then ended:

				Weighted Average
						Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
	Shares			Price		Term		Value
Outstanding at December 31, 2011		1,200,000		$	1.64
Options Granted		—			—
Options Exercised		—			—
Options Forfeited		(1,000,000	)		1.65
Outstanding at June 30, 2012		200,000		$	1.59		8.72	$	—
Exercisable at June 30, 2012		60,416		$	1.59		8.71	$	—

Restricted stock awards granted to employees

The following table summarizes activity of restricted stock awards granted to employees at June 30, 2012 and changes during the six months then ended:

				Weighted Average
				Award-Date
	Shares			Fair Value
Unvested shares at December 31, 2011		1,000,000		$	1.27
Granted		2,250,000			0.69
Vested		-			-
Forfeited		(2,750,000	)		0.95
Unvested shares at June 30, 2012		500,000		$	0.43
Expected to Vest as of June 30, 2012		500,000		$	0.43

Weighted average assumptions of restricted stock

The table below outlines the weighted average assumptions of restricted stock awarded to employees during the six months ended June 30, 2012.

Six Month Ended June 30, 2012	2012
Expected Term	3.50
Expected Volatility	72.98%
Expected Dividends	0.00%
Risk Free Rate of Return	0.46%