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Stock-Based Awards (Tables)
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Options and Restricted Stock Activity

A summary of options and restricted stock activity for the three months ended September 30, 2016 is as follows:

 

     Options      Weighted
Average
Exercise Price
of Options
     Restricted
Stock
Awards
 

Balance at June 30, 2016

     1,447,747       $ 2.73         2,432,066   

Granted

     —        $ —          197,459   

Exercised/vested

     (3,500    $ 1.07         (126,092

Forfeitures

     —        $ —          (17,155
  

 

 

    

 

 

    

 

 

 

Balance at September 30, 2016

     1,444,247       $ 2.73         2,486,278   
Summary of Stock-Based Compensation Expense

A summary of stock-based compensation expense is as follows:

 

Three Months Ended September 30,      Nine Months Ended September 30,  
2016      2015      2016      2015  
$ 3,822       $ 2,926       $ 11,092       $ 7,878   

 

 

    

 

 

    

 

 

    

 

 

 

Summary of Unrecognized Stock-Based Compensation Expense and Average Remaining Vesting Period

A summary of unrecognized stock-based compensation expense and average remaining vesting period is as follows:

 

     September 30, 2016  
     Unrecognized Stock-Based
Compensation
     Average
Remaining
Vesting Period
 

Employees and directors option awards

   $ 36         0.32   

Employees and directors restricted stock awards

   $ 24,507         2.0