XML 37 R15.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stockholders' equity (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Transactions and Number of Stock Options Outstanding

Stock option transactions and the number of stock options outstanding are summarized below:

 

     NUMBER OF
SHARES
     WEIGHTED
AVERAGE
EXERCISE PRICE
     WEIGHTED
AVERAGE
REMAINING
CONTRACTUAL
LIFE

(IN YEARS)
     AGGREGATE
INTRINSIC
VALUE
 

Outstanding at December 31, 2014

     824,604       $ 6.79         7.16       $ 789   

Options granted

     287,750         11.42         

Options exercised

     (32,113      2.98         

Options forfeited

     —           —           

Options expired

     (12,442      8.34         
  

 

 

    

 

 

    

 

 

    

 

 

 

Outstanding at June 30, 2015

     1,067,799       $ 9.24         7.58       $ 425   

Exercisable as of June 30, 2015

     509,192       $ 7.60         5.91       $ 379   
Schedule of Weighted Average Assumptions

The fair value of stock options granted is estimated using the Black-Scholes option pricing model with the following weighted average assumptions:

 

     THREE MONTHS ENDED
JUNE 30,
    SIX MONTHS ENDED
JUNE 30,
 
     2015     2014     2015     2014  

Expected volatility

     95     108     98     108

Expected dividends

     0     0     0     0

Expected terms (years)

     6.00        6.00        6.40        6.00   

Risk free rate

     1.25     1.70     1.47     1.67

Weighted average grant-date fair value of stock options

   $ 5.69      $ 8.30      $ 9.02      $ 8.42