Stock Incentive Plans (Tables)

3 Months Ended

Mar. 31, 2015

Summary of Activity of Stock Incentive and Equity Plans

The following table summarizes the activity of the stock incentive and equity plans as of March 31, 2015 and changes during the three months then ended:

	Shares available for grant			Number of options outstanding			Weighted- average option exercise price		Number of restricted stock and board shares issued		Number of restricted stock units outstanding
At January 1, 2015		1,772,529			2,238,286		$	10.31		140,653		134,731
Granted		(165,239	)		60,000			3.97		60,802		44,437
Exercised		—			—			—		—		—
Cancelled/forfeited		41,197			(46,966	)		13.72		—		(12,369	)
At March 31, 2015		1,648,487			2,251,320		$	10.09		201,455		166,799

Summary of Non-vested Options

A summary of the Company’s non-vested options during the three month period ended March 31, 2015 is presented below:

	Options			Weighted- average exercise price
Non-vested at January 1, 2015		628,733		$	5.93
Granted		60,000			3.97
Vested		(31,375	)		6.81
Forfeited		(27,699	)		11.40
Non-vested at March 31, 2015		629,659		$	5.46

Restricted Stock Units [Member]

Analysis of Restricted Stock Units Issued

A summary of the Company’s restricted stock units is as follows:

	RSUs outstanding			Weighted average price at time of grant		Aggregate intrinsic value
Non-vested restricted stock units as of January 1, 2015		134,731		$	5.41
Granted		44,437			4.36
Cancelled		(12,369	)		5.59
Non-vested at March 31, 2015		166,799		$	5.12	$	657,000

Restricted Stock [Member]

Analysis of Restricted Stock Units Issued

An analysis of restricted stock issued is as follows:

Non-vested restricted stock as of January 1, 2015	12,207
Granted	60,802
Vested	(6,980	)
Non-vested restricted stock as of March 31, 2015	66,029