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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Stock-Based Compensation  
Schedule of assumptions used in estimation of fair value of the share-based payment awards on the grant date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31, 

 

 

 

 

 

 

 

 

 

2017

    

2016

    

2015

Risk-free interest rate

 

1.6% - 1.8%

 

1% - 2.1%

 

0.6%  -1.7%

Volatility

 

70.2% - 101.5%

 

61.4% - 65.0%

 

55.7% - 59.3%

Expected life (years)

 

4.0

 

3.0 - 5.0

 

3.0 - 5.0

Dividend yield

 

0%

 

0%

 

0%

 

Summary of option and RSU activity under Amended and Restated 2000 Stock Option and Equity Incentive Plan and Amended and Restated 2010 Equity Incentive Plan

A summary of stock option and restricted stock unit (“RSU”) award activity under the Plans is presented below (in thousands, except exercise price):

 

 

 

 

 

 

 

 

 

 

 

 

 

Awards outstanding

 

 

 

 

 

 

 

Weighted

 

 

 

Shares

 

 

 

Average

 

 

 

Available

 

Number of

 

Exercise

 

 

    

for Grant

    

Shares

    

Prices

 

Balance at January 1, 2015

 

176

 

599

 

$

38.70

 

Additional shares authorized under the Plan

 

50

 

 —

 

 

 

RSUs cancelled and returned to the Plan

 

 2

 

 —

 

 

 

Options granted

 

(154)

 

154

 

$

20.20

 

Options cancelled and returned to the Plan

 

70

 

(70)

 

$

35.20

 

Options exercised

 

 —

 

(8)

 

$

(16.40)

 

Options expired

 

(38)

 

 —

 

$

32.00

 

Balance at December 31, 2015

 

106

 

675

 

$

35.10

 

Additional shares authorized under the Amended 2010 Plan

 

50

 

 —

 

 

 

RSUs granted

 

(144)

 

 —

 

 

 —

 

RSUs cancelled and returned to Plan

 

 7

 

 —

 

 

 —

 

Options granted

 

(384)

 

384

 

$

6.96

 

Options cancelled and returned to Plan

 

479

 

(479)

 

$

35.64

 

Options cancelled and expired

 

 —

 

(58)

 

$

44.80

 

Balance at December 31, 2016

 

114

 

522

 

$

13.88

 

Additional shares authorized under the Amended 2010 Plan

 

250

 

 —

 

 

 

RSUs granted

 

(407)

 

 —

 

 

 

RSUs cancelled and returned to Plan

 

59

 

 —

 

 

 

Options granted

 

(160)

 

160

 

$

0.76

 

Options cancelled and returned to Plan

 

375

 

(375)

 

$

15.69

 

Balance at December 31, 2017

 

231

 

307

 

$

4.81

 

 

Summary of RSU activity under the Plans

A summary of restricted stock unit activity under the Plans is presented below (in thousands, except fair value):

 

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

 

 

 

Average

 

 

 

Number of

 

Grant-Date

 

 

 

Shares

 

Fair Value

 

Non-vested shares at January 1, 2015

 

39

 

$

46.11

 

Granted

 

 —

 

$

 —

 

Vested

 

(13)

 

$

45.97

 

Cancelled

 

(2)

 

$

46.20

 

Non-vested shares at December 31, 2015

 

24

 

$

47.17

 

Granted

 

144

 

$

5.30

 

Vested

 

(12)

 

$

46.06

 

Cancelled

 

(8)

 

$

15.67

 

Non-vested shares at December 31, 2016

 

148

 

$

8.13

 

Granted

 

407

 

$

0.93

 

Vested

 

(120)

 

$

5.76

 

Cancelled

 

(59)

 

$

5.04

 

Non-vested shares at December 31, 2017

 

376

 

$

1.58

 

 

Summary of significant ranges of outstanding and exercisable options

The following table summarizes significant ranges of outstanding and exercisable options as of December 31, 2017 (in thousands, except contractual life and exercise price):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding

 

Options Exercisable

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

Weighted

 

 

 

Weighted

 

 

 

 

 

 

 

 

Contractual

 

Average

 

 

 

Average

 

Aggregate

 

 

 

Number

 

Life

 

Exercise

 

Number

 

Exercise

 

Intrinsic

 

Range of Exercise Price

 

Outstanding

 

(in Years)

 

Price

 

Exercisable

 

Price

 

value

 

$0.75 - $2.35

    

160

    

5.80

    

$

0.75

    

 —

    

$

 —

    

$

58

 

$2.36 - $7.19

 

11

 

8.66

 

$

4.92

 

 6

 

$

5.18

 

$

 —

 

$7.20 - $20.49

 

114

 

8.64

 

$

7.20

 

51

 

$

7.20

 

$

 —

 

$20.50 - $43.59

 

20

 

6.83

 

$

20.89

 

15

 

$

21.02

 

$

 —

 

$44.60 - $46.19

 

 1

 

2.76

 

$

44.60

 

 1

 

$

44.60

 

$

 —

 

$46.20 - $46.20

 

 1

 

6.13

 

$

46.20

 

 —

 

$

46.20

 

$

 —

 

$0.75 - $46.20

 

307

 

7.02

 

$

4.81

 

73

 

$

10.55

 

$

58

 

Vested and expected to vest

 

281

 

7.09

 

$

5.07

 

 

 

 

 

 

$

50

 

Exercisable

 

73

 

8.15

 

$

10.55

 

 

 

 

 

 

$

 —