XML 15 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
STOCK BASED COMPENSATION (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Stockholders' equity        
Compensation expense related to stock options and restricted stock awards $ 500,000 $ 600,000 $ 1,100,000 $ 900,000
Stock options
       
Weighted-average assumptions used to value stock options        
Dividend yield (as a percent)     0.00% 0.00%
Expected volatility (as a percent)     52.80% 70.90%
Risk-free interest rate (as a percent)     1.00% 0.50%
Expected life     3 years 6 months 3 years 6 months
Number of Options        
Outstanding at the beginning of the period (in shares) 1,485,321      
Granted (in shares) 290,810      
Exercised (in shares) (59,949)      
Forfeited or expired (in shares) (5,000)      
Outstanding at the end of the period (in shares) 1,711,182   1,711,182  
Exercisable at the end of the period (in shares) 525,239   525,239  
Weighted Average Exercise Price        
Outstanding at the beginning of the period (in dollars per share) $ 3.35      
Granted (in dollars per share) $ 4.84      
Exercise price (in dollars per share) $ 2.66      
Forfeited or expired (in dollars per share) $ 2.75      
Outstanding at the end of the period (in dollars per share) $ 3.63   $ 3.63  
Exercisable at the end of the period (in dollars per share) $ 2.86   $ 2.86  
Weighted Average Remaining Term (in years)        
Outstanding at the end of the period 3 years 7 months 17 days      
Exercisable at the end of the period 1 year 11 months 5 days      
Aggregate Intrinsic Value        
Outstanding at the end of the period 4,398,000   4,398,000  
Exercisable at the end of the period 1,755,000   1,755,000  
Additional disclosures        
Total intrinsic value of options exercised     1,000,000 461,000
Total unrecognized stock-based compensation expense 2,000,000   2,000,000  
Weighted Average Fair Value        
Weighted average period over which unrecognized compensation cost is expected to be recognized     1 year 10 months 24 days  
Restricted Shares
       
Shares        
Outstanding at the beginning of the period (in shares)     1,898,133  
Granted (in shares)     225,296  
Vested (in shares)     (511,527)  
Forfeited (in shares)     (25,399)  
Outstanding at the end of the period (in shares) 1,586,503   1,586,503  
Weighted Average Fair Value        
Outstanding at the beginning of the period (in dollars per share)     $ 1.97  
Granted (in dollars per share)     $ 4.62  
Vested (in dollars per share)     $ 2.81  
Forfeited (in dollars per share)     $ 2.89  
Outstanding at the end of the period (in dollars per share) $ 2.06   $ 2.06  
Vesting period     3 years  
Total unrecognized stock-based compensation expense $ 2,800,000   $ 2,800,000  
Weighted average period over which unrecognized compensation cost is expected to be recognized     1 year 3 months 18 days