XML 79 R35.htm IDEA: XBRL DOCUMENT

Stock-Based Compensation and Stock Purchase Plans (Tables)

12 Months Ended

Dec. 31, 2013

Summary of the Status of Stock Option Plans

Stock option transactions under our various stock-based employee compensation plans are presented below:


Options	Shares			Weighted- Average Exercise Price			Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value




	(in thousands, except exercise price)
Options outstanding as of December 31, 2012		3,897		$	9.62			2.6 years	$	3,064
Granted		920			4.80
Exercised		(20	)		(6.10	)
Cancelled		(64	)		(6.74	)

Options outstanding as of December 31, 2013		4,733		$	8.74			2.1 years	$	0

Options exercisable as of December 31, 2013		2,905		$	9.85			1.3 years	$	0

Summary of Value of Option Grant Estimated on the Date of Grant

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


	Year Ended December 31,
	2013			2012			2011
For options granted during:
Weighted average fair value	$	3.06		$	2.85		$	5.92
Weighted average expected life		5 years			5 years			5 years
Expected volatility ⁽¹⁾		79.4	%		67.3	%		61.3	%
Risk-free interest rate		1.3	%		0.7	%		1.8	%
Dividend yield		0.0	%		0.0	%		0.0	%

⁽¹⁾	Expected volatilities are based on historical volatilities of our stock.

SAR Award Transactions Under Stock-Based Employee Compensation Plans

SAR award transactions under our employee compensation plans are presented below:


Stock Appreciation Rights	SARs			Weighted- Average Exercise Price			Weighted- Average Remaining Contractual Term		Aggregate Intrinsic Value




									(in thousands)
SARs outstanding as of December 31, 2012		932,202		$	4.99
Granted		213,996			4.80
Exercised		0
Cancelled		(19,000	)		(5.12	)

SARs outstanding as of December 31, 2013		1,127,198		$	4.95			3.26 years	$	0

SARs exercisable as of December 31, 2013		394,394		$	4.91			2.84 years	$	0

Summary of Dates the Warrants Were Issued, the Expiration Dates, the Exercise Prices and the Number of Warrants Issued and Outstanding

The dates the warrants were issued, the expiration dates, the exercise prices and the number of warrants issued and outstanding at December 31, 2013 were:


				Warrants
Date Issued	Expiration Date	Exercise Price		Issued		Outstanding
				(in thousands)
November 2010	November 2015	$	12.95		1,600		1,600
October 2011	November 2015		12.95		2		2
March 2012	November 2015		12.95		73		73
August 2012	November 2015		12.95		30		30
October 2012	November 2015		12.95		15		15
July 2013	November 2015		12.95		29		29
October 2013	November 2015		12.95		22		22
November 2013	November 2015		12.95		55		55
October 2012	October 2015		10.00		687		687

					2,513		2,513

Options [Member]

Summary of Unvested Awards

A summary of our unvested stock option awards as of December 31, 2013, and the changes during the year then ended is presented below:


Unvested Stock Options	Outstanding			Weighted- Average Grant-Date Fair Value



	(in thousands, except per share amount)
Unvested as of December 31, 2012		1,380		$	4.88
Granted		920			3.06
Vested		(452	)		(4.27	)
Forfeited		(20	)		(3.04	)

Unvested as of December 31, 2013		1,828			4.14

Restricted Stock [Member]

Summary of Unvested Awards

A summary of our restricted stock awards as of December 31, 2013, and the changes during the year then ended is presented below:


Restricted Stock	Outstanding			Weighted Average Grant-Date Fair Value



Unvested as of December 31, 2012		284,750		$	8.93
Granted		190,002			4.80
Vested		(160,600	)		(7.23	)
Forfeited		0

Unvested as of December 31, 2013		314,152			7.30

Unvested Stock Appreciation Rights [Member]

Summary of Unvested Awards

A summary of our unvested SAR awards as of December 31, 2013, and the changes during the year then ended is presented below:


Unvested Stock Appreciation Rights	Outstanding			Weighted- Average Fair Value
Unvested Stock Appreciation Rights	Outstanding			Weighted- Average Fair Value
Unvested as of December 31, 2012		857,205		$	6.18
Granted		213,996			2.73
Vested		(323,063	)		(2.46	)
Forfeited		(15,334	)		(2.47	)

Unvested as of December 31, 2013		732,804			2.54

Restricted Stock Units (RSUs) [Member]

Summary of Unvested Awards

A summary of our RSU awards as of December 31, 2013, and the changes during the year then ended is presented below:


Restricted Stock Units	Outstanding			Weighted- Average Fair Value


Unvested as of December 31, 2012		530,006		$	9.07
Granted		0
Vested		(202,668	)		(4.12	)
Forfeited		(5,000	)		(4.52	)

Unvested as of December 31, 2013		322,338			4.52

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References+ Details