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Stock-Based Compensation and Other Plans (Tables)
 12 Months Ended
Dec. 31, 2013
Stock-Based Compensation and Other Plans  
Schedule of recap of all Plans

The following is a recap of all Plans as of December 31, 2013:

Shares authorized for issuance

     2,432,706  
       
​ ​ ​ ​ ​

Share awards used:

        

Stock options granted and outstanding

     296,189  

Restricted stock awards granted and unvested

     14,834  

Restricted stock units granted and unvested

     3,471  

Restricted stock units granted and vested

     25,658  
       
​ ​ ​ ​ ​

Total share awards used(1)

     340,152  
       
​ ​ ​ ​ ​

Shares available for future awards

     2,092,554  
       
​ ​ ​ ​ ​
​ ​ ​ ​ ​
       
(1)
Awards exclude vested options for 33,334 shares granted to the Parent's former 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 stock-based compensation expense related to various employee and non-employee director stock-based incentive plans

  

(In thousands of dollars)
  2013   2012   2011  

Continuing operations

   $ 1,112   $ 3,151   $ 1,968  

Discontinued operations

     4,480     3,649     13,106  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

   $ 5,592 (2) $ 6,800   $ 15,074  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
(2)
Includes stock-based compensation for the year ended December 31, 2013 of $4.1 million associated with the vesting of 267,000 shares in connection with the Company's previously disclosed restructurings (Refer to Note 1 herein).
Schedule of option transactions

 

 

 
   Shares Underlying Stock Options   Weighted Average Exercise Price  

Balance at December 31, 2010

     304,970   $ 63.20  

Options granted

     218,684     35.20  

Options exercised

     —     —  

Options forfeited/expired

     (68,288 )   50.20  
           
​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2011

     455,366   $ 51.60  

Options granted

     33,333     17.40  

Options exercised

     —     —  

Options forfeited/expired

     (32,993 )   78.80  
           
​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2012

     455,706   $ 47.20  

Options granted

     —     —  

Options exercised

     —     —  

Options forfeited/expired(3)

     (126,183 )   35.49  
           
​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2013

     329,523   $ 51.67  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           
(3)
Options forfeited includes shares underlying stock options of 50,000 and 33,332 granted to the Company's former CEO and former COO, respectively, which were forfeited pursuant to the terms of the respective award agreements and the Retention Plan. Refer to Note 17 "Arbitration—Thomas J. Hughes (former Chief Executive Officer) and John Griff (former Chief Operating Officer)" for additional information.
Summary of information of stock options outstanding by exercise price range

 The following table summarizes information about stock options outstanding at December 31, 2013:

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

$17.00 - $20.00

     13,691     4.4   $ 17.40     13,691   $ 17.40  

$20.01 - $30.00

     16,667     0.4     29.20     16,667     29.20  

$30.01 - $40.00

     120,091     1.3     37.36     120,091     37.36  

$40.01 - $60.00

     110,000     1.6     56.99     110,000     56.99  

$60.01 - $150.00

     69,074     1.0     80.29     69,074     80.29  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total

     329,523 (4)   1.4   $ 51.67     329,523 (4) $ 51.67  
                       
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                       
(4)
Options outstanding and exercisable above include options for 33,334 shares granted to the Company's former 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

 

 
   2013   2012   2011  

Expected term(5)

     N/A     3.27     3.94  

Expected volatility

     N/A     73.6 %   87.1 %

Expected dividends

     —     —     —  

Risk-free interest rate

     N/A     0.5 %   1.2 %
(5)
The Company utilized the simplified method for calculating the expected term assumption for the years 2012 and 2011, as prescribed by ASC 718, due to insufficient historical stock option exercise experience.
Schedule of restricted stock awards/restricted stock units

 

 

 
   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, 2010

     570,525   $ 72.00     309,567   $ 64.40  

Granted

     129,154     38.40     327,393     39.20  

Vested

     (341,232 )   60.40     (159,768 )   57.40  

Forfeited

     (52,760 )   55.00     (77,662 )   50.60  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2011

     305,687   $ 73.60     399,530   $ 49.40  

Granted

     408,728     27.80     80,000     17.20  

Vested

     (140,399 )   52.40     (145,290 )   58.00  

Forfeited

     (236,429 )   64.40     (136,278 )   40.20  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2012

     337,587   $ 33.40     197,962   $ 36.20  

Granted

     11,955     14.03     75,531     13.80  

Vested

     (212,047 )   33.17     (236,945 )   28.71  

Forfeited

     (122,661) (6)   32.09     (33,077) (6)   37.91  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Balance at December 31, 2013

     14,834   $ 32.00     3,471   $ 42.00  
                   
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
                   
(6)
Awards forfeited includes unvested restricted stock units of 16,667 granted to the Company's former CEO and unvested shares of restricted stock of 20,833 granted to the Company's former COO which were forfeited pursuant to the terms of the respective award agreements and the Retention Plan. Refer to Note 17 "Arbitration—Thomas J. Hughes (former Chief Executive Officer) and John Griff (former Chief Operating Officer)" for additional information.