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Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Share-Based Compensation  
Schedule of assumptions used in the valuation of fair value of each option award

 

 

 

 

2012

 

2011

 

2010

 

Weighted average fair value of awards

 

$

2.16

 

$

2.07

 

$

2.19

 

Pre-vest forfeiture rate

 

7.36

%

6.92

%

5.01

%

Average grant price

 

$

3.23

 

$

3.35

 

$

3.19

 

Expected volatility

 

74.68

%

74.47

%

75.38

%

Risk-free rate

 

1.13

%

1.65

%

2.55

%

Expected dividend yields

 

None

 

None

 

None

 

Expected term (in years)

 

6.40

 

6.34

 

6.36

 

Summary of stock option activity

 

 

 

 

Number of
Shares
Underlying
Options

 

Weighted
Average
Exercise Price

 

Intrinsic
Value

 

Outstanding at December 31, 2010

 

1,741,543

 

8.84

 

 

$

700,174

 

Granted

 

1,453,240

 

4.79

 

 

 

Exercised

 

(25,036

)

2.42

 

 

$

17,251

 

Cancelled/forfeited

 

(1,454,389

)

10.20

 

 

$

42,039

 

Outstanding at December 31, 2011

 

1,715,358

 

4.35

 

 

$

114,189

 

Granted

 

34,500

 

3.23

 

 

 

Exercised

 

(15,463

)

2.43

 

 

$

30,745

 

Cancelled/forfeited

 

(58,976

)

3.89

 

 

$

65,302

 

Outstanding at December 31, 2012

 

1,675,419

 

4.36

 

 

$

69,712

 

Exercisable at December 31, 2012

 

522,870

 

4.01

 

 

$

48,425

 

Summary of restricted stock activity

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

Grant Date

 

 

 

Shares

 

Fair Value

 

Non-vested as of December 31, 2010

 

1,268,037

 

$

3.28

 

Granted

 

485,992

 

3.78

 

Vested

 

(354,051

)

3.48

 

Cancelled/forfeited

 

(192,665

)

3.70

 

Non-vested as of December 31, 2011

 

1,207,313

 

3.36

 

Granted

 

1,013,879

 

3.26

 

Vested

 

(393,127

)

3.23

 

Cancelled/forfeited

 

(43,601

)

3.23

 

Non-vested as of December 31, 2012

 

1,784,464

 

$

3.33