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Equity-based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock-Based Compensation Expense

Total stock-based compensation expense recognized using the straight-line attribution method in the Consolidated Statement of Operations is as follows:

 

     Three months ended     Nine months ended  
     September 30,     September 30,  
   2013      2012     2013      2012  

Stock option compensation expense for employees and directors

   $ 620       $ 277      $ 826       $ 833   

Equity awards for nonemployees issued for services

     99         (3     102         24   
  

 

 

    

 

 

   

 

 

    

 

 

 

Total stock-based compensation expense

   $ 719       $ 274      $ 928       $ 857   
  

 

 

    

 

 

   

 

 

    

 

 

 
Summary of Stock Option Activity
     Number of
shares
    Weighted-
average
exercise
price
     Weighted-
average
remaining
contractual
term (in
years)
     Aggregate
intrinsic
value
 

Outstanding at December 31, 2012

     562,025      $ 18.50         7.0       $ —     

Granted

     732,000      $ 4.96         

Exercised

     —          —           

Forfeited

     (24,705   $ 14.82         
  

 

 

         

Outstanding at September 30, 2013

     1,269,320      $ 10.78         7.7       $ 89   
  

 

 

   

 

 

    

 

 

    

 

 

 

Exercisable at September 30, 2013

     696,037      $ 15.48         7.2       $ 23   
  

 

 

   

 

 

    

 

 

    

 

 

 
Details of Fair Value Option Award

The fair market value of the options was computed using the Black-Scholes option-pricing model with the following key weighted average assumptions for the nine months ended as of the dates indicated:

 

     September 30, 2013     September 30, 2012  

Expected life (years)

     5.6 years        6.0 years   

Interest rate

     1.4     2.3

Dividend yield

     —          —     

Volatility

     71     60