Employee Stock Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2014

Employee Stock Benefit Plans [Abstract]

Stock option activity under all of the Company’s share-based compensation plans for the three months ended March 31, 2014 was as follows:

	Number of Options			Weighted Average Exercise Price
Outstanding, January 1, 2014		1,132,678		$	16.51
Granted		71,500			14.80
Exercised		-			-
Cancelled		(2,499	)		102.48
Outstanding, March 31, 2014		1,201,679		$	16.23
Options exercisable at March 31, 2014		517,179		$	16.45

Weighted Average Assumptions Used to Estimate Fair Value of Stock Options

The Company uses the Black-Scholes option-pricing model to estimate fair value of grants of stock options with the following weighted-average assumptions:

	Three Months Ended March 31, 2014
Risk-free interest rate	2.11%
Volatility	81.16%
Expected dividend yield	0%
Expected life	5.5 years
Estimated forfeiture rate	0%