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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The estimated fair value of stock options granted is done using the Black-Scholes-Merton method applied to individual grants. Key assumptions used to estimate the fair value of stock awards are as follows:
 
 
 
Year Ended
 
Year Ended
 
 
 
December 31, 2015
 
December 31, 2014
 
Risk-free interest rate
 
 
1.75
%
 
1.92
%
Expected volatility
 
 
80
%
 
57
%
Expected term
 
 
6.3
Years
 
5.4
Years
Expected forfeiture rate
 
 
20
%
 
20
%
Dividend yield
 
 
0
%
 
0
%
Schedule of Share-based Compensation, Stock Options, Activity
Stock option activity, including options granted under the Plan and the Non-Plan Grants, was as follows:
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
Weighted
 
Average
Fair
 
 
 
 
Weighted
 
Average
Fair
 
 
 
 
 
 
Average
Exercise
 
Value at
Grant
 
 
 
 
Average
Exercise
 
Value at
Grant
 
 
 
Shares
 
Price
 
Date
 
Shares
 
Price
 
Date
 
Outstanding at January 1
 
 
695,336
 
$
11.09
 
$
5.35
 
 
758,328
 
$
14.90
 
$
8.60
 
Granted
 
 
45,000
 
 
4.00
 
 
2.81
 
 
169,300
 
 
5.78
 
 
2.65
 
Exercised
 
 
(11,500)
 
 
1.00
 
 
2.96
 
 
(6,666)
 
 
10.00
 
 
0.04
 
Cancelled or expired
 
 
(64,755)
 
 
12.58
 
 
6.31
 
 
(225,626)
 
 
11.38
 
 
6.07
 
Outstanding at December 31
 
 
664,081
 
$
10.64
 
$
5.32
 
 
695,336
 
$
11.09
 
$
5.35
 
Exercisable at December 31
 
 
381,988
 
$
13.65
 
$
6.50
 
 
311,080
 
$
15.25
 
$
7.35