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Stock-Based Compensation and Other Plans (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation and Other Plans  
Schedule of recap of all Plans

   The following is a recap of all Plans as of December 31, 2012:

Shares authorized for issuance

    48,785,164  
       

Share awards used:

       

Stock options granted and outstanding

    8,114,148  

Restricted stock awards granted and unvested

    6,751,730  

Restricted stock units granted and unvested

    3,292,580  

Restricted stock units granted and vested

    764,643  
       

Total share awards used

    18,923,101  
       

Shares available for future awards *

    29,862,063  
       

*
Awards above exclude options for 1.0 million shares and 0.7 million shares underlying RSUs granted to the Company's CEO outside of the Incentive Plan and pursuant to the "employee inducement" award exception of the NASDAQ rules in connection with his hiring in the second quarter of 2011.
Schedule of option transactions

 

 

 
  Shares
Subject
to Option
  Weighted
Average
Exercise
Price
 

Balance at December 31, 2009

    4,627,311   $ 3.29  

Options granted

    2,722,092     2.55  

Options exercised

    (1,250,000 )   2.31  

Options forfeited/expired

         
           

Balance at December 31, 2010

    6,099,403   $ 3.16  

Options granted*

    4,373,686     1.76  

Options exercised

         

Options forfeited/expired

    (1,365,750 )   2.51  
           

Balance at December 31, 2011

    9,107,339   $ 2.58  
           

Options granted

    666,668     0.87  

Options exercised

         

Options forfeited/expired

    (659,859 )   3.94  
           

Balance at December 31, 2012

    9,114,148   $ 2.36  
           

*
Options granted above during the year ending December 31, 2011 include options for 1.0 million shares granted to the Company's CEO pursuant to the "employee inducement" award exception of the NASDAQ rules in connection with his hiring in the second quarter of 2011.
Summary of information of stock options outstanding by exercise price range

 

 

 
  Outstanding   Exercisable  
Exercise Price Range
  Shares   Average
Life
(years)
  Average
Exercise
Price
  Shares   Average
Exercise
Price
 

$0.87 - $1.00

    666,668     5.4   $ 0.87     388,883   $ 0.87  

$1.01 - $1.50

    1,000,000     4.6     1.46     333,333     1.46  

$1.51 - $2.00

    3,673,686     4.6     1.86     1,573,684     1.87  

$2.01 - $3.00

    2,200,000     2.6     2.85     2,200,000     2.85  

$3.01 - $7.50

    1,573,794     2.2     4.04     1,573,794     4.04  
                       

Total

    9,114,148 *   3.8   $ 2.36     6,069,694   $ 2.70  
                       

*
Options outstanding above include options for 1.0 million shares granted to the Company's CEO pursuant to the "employee inducement" award exception of the NASDAQ rules in connection with his hiring in the second quarter of 2011.
Schedule of significant assumptions used to estimate the fair value of share based compensation awards

 

 

 
  2012   2011*   2010  

Expected term**

    3.27     3.94     3.70  

Expected volatility

    73.6 %   87.1 %   89.9 %

Expected dividends

             

Risk-free interest rate

    0.5 %   1.2 %   1.0 %

*
Includes 1.0 million options granted to the Company's CEO pursuant to the "employee inducement" award exception of the NASDAQ rules in connection with his hiring in the second quarter of 2011.

**
The Company utilized the simplified method for calculating the expected term assumption for the years 2012, 2011 and 2010, as prescribed by ASC 718, due to insufficient historical stock option exercise experience.
Schedule of restricted stock awards/restricted stock

 

 

 
  Unvested
Restricted
Stock
Awards
  Weighted
Average
Grant-Date
Fair Value
Restricted
Stock
  Unvested
Restricted
Stock Units
  Weighted
Average
Grant Date
Fair Value
Restricted
Stock Units
 

Balance at December 31, 2009

    11,204,545   $ 3.72     7,073,709   $ 3.05  

Granted

    3,715,133     3.36     3,521,315     3.08  

Vested

    (2,590,114 )   3.57     (3,831,886 )   2.58  

Forfeited

    (919,068 )   4.23     (571,804 )   4.39  
                   

Balance at December 31, 2010

    11,410,496   $ 3.60     6,191,334   $ 3.22  

Granted

    2,583,084     1.92     6,547,866     1.96  

Vested

    (6,824,649 )   3.02     (3,195,351 )   2.87  

Forfeited

    (1,055,200 )   2.75     (1,553,247 )   2.53  
                   

Balance at December 31, 2011

    6,113,731   $ 3.68     7,990,602   $ 2.47  

Granted

    8,174,565     1.39     1,600,000     0.86  

Vested

    (2,807,988 )   2.62     (2,905,803 )   2.90  

Forfeited

    (4,728,578 )   3.22     (2,725,552 )   2.01  
                   

Balance at December 31, 2012

    6,751,730   $ 1.67     3,959,247 * $ 1.81  
                   

*
Unvested RSUs include 0.7 million shares underlying RSUs granted to the Company's CEO pursuant to the "employee inducement" award exception of the NASDAQ rules in connection with his hiring in the second quarter of 2011.