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Stock-Based Awards (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Options Activity

A summary of option activity is as follows:

 

     Options     Weighted-
Average
Exercise
Price
 

Outstanding January 1, 2011

     21,443,617      $ 0.60   

Granted

     825,000        5.80   

Forfeitures or expirations

     (135,316     2.04   

Exercised

     (1,280,687     0.64   
  

 

 

   

 

 

 

Outstanding at December 31, 2011

     20,852,614      $ 0.79   

Granted

     —         0.00   

Forfeitures or expirations

     (73,907     1.75   

Exercised

     (8,018,516     0.58   
  

 

 

   

 

 

 

Outstanding at December 31, 2012

     12,760,191      $ 0.95   

Granted

     —         0.00   

Forfeitures or expirations

     (40,000     4.11   

Exercised

     (4,875,500     0.38   
  

 

 

   

 

 

 

Outstanding at December 31, 2013

     7,844,691      $ 1.29   
  

 

 

   

 

 

 
Summary of Stock Options Outstanding

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

 

     Options Outstanding      Options Exercisable  
Range of Exercise Prices    Number
Outstanding at
December 31,
2013
     Weighted-
Average
Remaining
Contractual
Life in Years
     Weighted-
Average
Exercise
Price
     Number
Exercisable at
December 31,
2013
     Weighted-
Average
Exercise
Price
     Aggregate
Intrinsic
Value at
December 31,
2013
 

$0.03 – $0.16

     1,701,953         0.6       $ 0.10         1,701,953       $ 0.10       $ 29,967   

$0.70 – $0.70

     2,525,000         5.1         0.70         2,375,000         0.70         40,399   

$1.07 – $1.28

     1,935,689         2.9         1.07         1,935,689         1.07         32,208   

$2.03 – $4.03

     1,017,049         4.5         2.22         978,299         2.20         15,178   

$5.05 – $5.05

     400,000         7.1         5.05         250,000         5.05         3,165   

$6.36 – $6.82

     170,000         7.4         6.52         70,000         6.52         783   

$7.01 – $8.51

     95,000         7.7         7.50         35,000         7.54         356   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
     7,844,691         3.7       $ 1.29         7,345,941       $ 1.09       $ 122,056   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 
Summary of Weighted Average Assumption Used to Estimate Fair Value Option Pricing Model

The estimated weighted-average fair value for options granted in 2011 was $3.31.

 

     2011

Expected life (years)

   5.0

Risk free interest rate

   0.84% to 2.32%

Dividends

   —  

Volatility

   67.00% to 70.62%
Summary of Restricted Shares Outstanding

The following table summarizes information about restricted shares outstanding for the years ended December 31, 2013, 2012 and 2011:

 

     Restricted
Stock Awards
 

Unvested balance at January 1, 2011

     2,158,509   

Granted

     561,526   

Vested

     (1,382,376

Forfeited

     (26,288
  

 

 

 

Unvested balance at December 31, 2011

     1,311,371   

Granted

     1,209,114   

Vested

     (1,209,121

Forfeited

     (30,220
  

 

 

 

Unvested balance at December 31, 2012

     1,281,144   

Granted

     981,810   

Vested

     (358,334

Forfeited

     (7,743
  

 

 

 

Unvested balance at December 31, 2013

     1,896,877   
  

 

 

 
Summary of Stock-Based Compensation Expense

The following table summarizes the Company’s stock-based compensation expense:

 

     For the Year Ended
December 31,
 
     2013      2012      2011  

Employees and directors option awards

   $ 381       $ 1,436       $ 2,402   

Employees and directors restricted stock awards

     6,078         3,814         2,041   

Nonemployee consultants and special advisers restricted stock awards

     —           2,187         2,698   
  

 

 

    

 

 

    

 

 

 

Total

   $ 6,459       $ 7,437       $ 7,141   
Summary of Unrecognized Stock-Based Compensation Expense and Remaining Vesting Period

The following table summarizes the Company’s unrecognized stock-based compensation expense and remaining vesting period as of December 31, 2013:

 

     Unrecognized Stock-Based
Compensation
     Average
Remaining
Vesting Period
 

Employees and directors option awards

   $ 902         1.96   

Employees and directors restricted stock awards

   $ 8,308         1.75