Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Stock Options Activity

The following table summarizes the activity relating to the Company’s stock options for the nine-month period ended September 30, 2016:

						Weighted-
				Weighted-		Average
				Average		Remaining		Aggregate
				Exercise		Contractual		Intrinsic
	Options			Price		Term		Value
Outstanding at beginning of year		1,212,000		$	6.94
Granted		150,000			4.37
Exercised		(6,000	)		3.29
Forfeited or expired		(211,000	)		15.05
Outstanding at end of period		1,145,000		$	5.12		6 years	$	503,000
Exercisable at end of period		832,000		$	5.16		5 years	$	417,000

Schedule of Fair Value Stock Option Assumption

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions:

	September 30,
	2015		2016
Expected volatility		—		45.5	%
Expected life of options (in years)		—		4
Risk free interest rate		—		1.2	%
Dividend yield		—		0	%
Weighted average fair value of options granted during the period	$	—	$	1.60

Schedule of Nonvested Share Activity

A summary of all non-vested restricted stock for the nine-month period ended September 30, 2016 is as follows:

				Weighted-
	Number of			Average
	Non-vested			Grant Date
	Shares			Fair Value
Restricted stock, non-vested, beginning of year		575,000		$	5.79
Granted		88,000			4.30
Vested		(255,000	)		5.30
Forfeited		(8,000	)		6.03
Restricted stock, non-vested, end of period		400,000		$	5.76

Schedule of Nonvested Performance-based Units Activity

A summary of all non-vested performance shares for the nine-month period ended September 30, 2016 is as follows:

				Weighted-
	Number of			Average
	Non-vested			Grant Date
	Shares			Fair Value
Performance shares, non-vested, beginning of year		—			—
Granted		295,000		$	4.07
Vested		—			—
Forfeited		(19,000	)		4.07
Performance shares, non-vested, end of period		276,000		$	4.07