XML 49 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The components of stock-based compensation from continuing operations for the years ended December 31, 2017, 2016 and 2015 were as follows:
 
 
For the Year Ended December 31,
 
 
2017
 
2016
 
2015
Stock options
 
$
120

 
$
90

 
$
194

Restricted stock units
 
1,269

 
1,901

 
1,615

Total stock-based compensation expense
 
1,389

 
1,991

 
1,809

Tax benefit of stock-based compensation expense
 

 

 
(696
)
After-tax effect of stock based compensation
 
$
1,389

 
$
1,991

 
$
1,113

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used
Based on the results of the model, the weighted-average fair value of the stock options granted during the 12-month periods ended December 31, 2017, 2016 and 2015, respectively, were $0.68, $1.11 and $1.54 per share using the following weighted average assumptions:
 
 
2017
 
2016
 
2015
Expected dividend yield
 
%
 
%
 
%
Risk-free interest rate
 
2.33
%
 
1.85
%
 
2.21
%
Expected volatility
 
61.2
%
 
62.3
%
 
51.6
%
Expected life of option
 
10.0 years

 
8.8 years

 
8.8 years

Schedule of Share-based Compensation, Stock Options, Activity
The following table presents a summary of our stock option activity and related information for the years ended December 31:
 
 
 
2017
 
2016
 
2015
 
 
Number
of
Options
 
Weighted-
Average
Exercise Price
 
Number
of
Options
 
Weighted-
Average
Exercise Price
 
Number
of
Options
 
Weighted-
Average
Exercise Price
Outstanding at beginning of year
 
1,039,750

 
$
8.39

 
1,191,125

 
$
10.48

 
1,546,500

 
$
11.62

Granted
 
176,000

 
0.96

 
81,000

 
1.58

 
126,000

 
2.44

Exercised
 

 

 

 

 

 

Expired or forfeited
 
(99,000
)
 
18.32

 
(232,375
)
 
16.72

 
(481,375
)
 
12.04

Outstanding at end of year
 
1,116,750

 
$
6.34

 
1,039,750

 
$
8.39

 
1,191,125

 
$
10.48

Exercisable at end of year
 
1,116,750

 
$
6.34

 
1,039,750

 
$
8.39

 
1,191,125

 
$
10.48

Weighted-average fair value of options granted during the year
 
 
 
$
0.68

 
 
 
$
1.11

 
 
 
$
1.54

The following table provides additional information regarding our stock option activity for the 12 months ended December 31, 2017:
 
 
Number
of
Options
 
Weighted-
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual
Life
 
Aggregate
Intrinsic Value
Outstanding on January 1, 2017
 
1,039,750

 
$
8.39

 
 
 
 
Granted
 
176,000

 
0.96

 
 
 
 
Exercised
 

 

 
 
 
 
Expired or forfeited
 
(99,000
)
 
18.32

 
 
 
 
Outstanding on December 31, 2017
 
1,116,750

 
$
6.34

 
4.8 years
 
$
27,280

Exercisable on December 31, 2017
 
1,116,750

 
$
6.34

 
4.8 years
 
$
27,280

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information about stock options outstanding at December 31, 2017:
Options Outstanding
 
Options Exercisable
Range of
Exercise Prices
 
Number of
Options
 
Weighted-
Average
Remaining
Contractual  Life
 
Weighted-
Average
Exercise Price
 
Number of
Options
 
Weighted-
Average
Exercise Price
$ 0.96 - $6.58
 
707,500

 
6.9 years
 
$
3.02

 
707,500

 
$
3.02

$ 6.59 - $11.59
 
319,250

 
1.6 years
 
9.68

 
319,250

 
9.68

$11.60 - $16.60
 
20,000

 
0.6 years
 
15.42

 
20,000

 
15.42

$16.61 - $21.70
 
15,000

 
0.2 years
 
17.82

 
15,000

 
17.82

$21.71 - $26.80
 
55,000

 
0.4 years
 
23.15

 
55,000

 
23.15

$ 0.96 - $26.80
 
1,116,750

 
4.8 years
 
$
6.34

 
1,116,750

 
$
6.34

Schedule of Nonvested Share Activity
Non-vested stock option activity for the 12 months ended December 31, 2017 was as follows:
 
 
Non-Vested  Stock
Options
Outstanding
 
Weighted-Average
Grant  Date
Fair Value
Outstanding on January 1, 2017
 

 
$

Granted
 
176,000

 
0.68

Vested
 
(176,000
)
 
0.68

Forfeited
 

 

Outstanding on December 31, 2017
 

 

Schedule of Nonvested Restricted Stock Units Activity
A summary of restricted stock unit activity for the years ended December 31, 2017, 2016 and 2015 is as follows:
 
 
 
Shares
 
Weighted Average
Grant  Date
Fair Value
Unvested restricted units at January 1, 2015
 
977,069

 
5.36

Granted
 
789,500

 
3.33

Forfeited
 
(209,748
)
 
4.62

Vested
 
(351,938
)
 
5.17

Unvested restricted stock units at December 31, 2015
 
1,204,883

 
4.21

Granted
 
845,862

 
1.88

Forfeited
 
(205,033
)
 
4.25

Vested
 
(381,916
)
 
4.36

Unvested restricted stock units at December 31, 2016
 
1,463,796

 
2.82

Granted
 
1,090,000

 
0.97

Forfeited
 
(213,001
)
 
2.99

Vested (1)
 
(981,633
)
 
2.85

Unvested restricted stock units at December 31, 2017
 
1,359,162

 
1.28


(1) The increase in shares vested in 2017 is due to the accelerated vesting of outstanding remaining restricted stock units approved by the Company's Board of Directors on June 28, 2017.