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Equity Incentive Plans and Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Shares available for grant under stock-based incentive plans
A summary of shares available for grant under the Company’s plans is as follows:
 
Shares Available for Grant
Shares available as of December 31, 2010
5,348,162
Stock options granted
(2,357,001)
Stock options forfeited
865,097
Stock options expired under former plans
(503,526)
Nonvested equity stock and stock units granted (1)
(562,257)
Nonvested equity stock and stock units forfeited (1)
22,401
Total shares available for grant as of December 31, 2011
2,812,876
Increase in shares approved for issuance
6,500,000
Stock options granted (2)
(7,789,220)
Stock options forfeited (3)
2,610,812
Stock options expired under former plans
(576,763)
Nonvested equity stock and stock units granted (1)
(1,113,014)
Nonvested equity stock and stock units forfeited (1)
284,468
Total shares available for grant as of December 31, 2012
2,729,159
Stock options granted
(2,084,276)
Stock options forfeited
3,318,022
Stock options expired under former plans
(1,157,419)
Nonvested equity stock and stock units granted (1)
(709,611)
Nonvested equity stock and stock units forfeited (1)
431,553
Total shares available for grant as of December 31, 2013
2,527,428
______________________________________
(1)
For purposes of determining the number of shares available for grant under the 2006 Plan against the maximum number of shares authorized, each restricted stock granted reduces the number of shares available for grant by 1.5 shares and each restricted stock forfeited increases shares available for grant by 1.5 shares.
(2)
Amount includes 2,840,986 shares that were granted from the stock option exchange program (discussed below).
(3)
Amount excludes 6,449,255 shares that were surrendered from the stock option exchange program (discussed below) as the shares are no longer available for grant.
Schedule of stock option activity
The following table summarizes stock option activity under the 1997, 1999 and 2006 Plans for the years ended December 31, 2013, 2012 and 2011 and information regarding stock options outstanding, exercisable, and vested and expected to vest as of December 31, 2013.
 
Options Outstanding
 
Weighted Average Remaining Contractual Term
 
 
 
Number of Shares
 
Weighted Average Exercise Price per Share
 
 
Aggregate Intrinsic Value
 
(Dollars in thousands, except per share amounts)
Outstanding as of December 31, 2010
13,969,383
 
$
18.85

 
 
 
 
Options granted
2,357,001
 
$
18.83

 
 
 
 
Options exercised
(873,691)
 
$
8.46

 
 
 
 
Options forfeited
(865,097)
 
$
14.53

 
 
 
 
Outstanding as of December 31, 2011
14,587,596
 
$
19.73

 
 
 
 
Options granted
7,789,220
 
$
5.81

 
 
 
 
Options exercised
(221,934)
 
$
4.44

 
 
 
 
Options forfeited
(2,610,812)
 
$
10.91

 
 
 
 
Options surrendered in stock option exchange program
(6,449,255)
 
$
21.11

 
 
 
 
Outstanding as of December 31, 2012
13,094,815
 
$
12.79

 
 
 
 
Options granted
2,084,276
 
$
6.09

 
 
 
 
Options exercised
(483,923)
 
$
6.72

 
 
 
 
Options forfeited
(3,318,022)
 
$
14.51

 
 
 
 
Outstanding as of December 31, 2013
11,377,146
 
$
11.32

 
5.7
 
$
24,540

Vested or expected to vest at December 31, 2013
10,685,898
 
$
11.64

 
5.5
 
$
22,113

Options exercisable at December 31, 2013
6,242,733
 
$
15.35

 
3.7
 
$
6,779

Schedule of shares authorized under Stock Option Plans, by exercise price range
The following table summarizes the information about stock options outstanding and exercisable as of December 31, 2013:
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
Number Outstanding
 
Weighted Average Remaining
Contractual Life (in years)
 
Weighted Average Exercise Price
 
Number Exercisable
 
Weighted Average Exercise Price
$4.13 – $5.39
1,087,176
 
8.6
 
$
4.45

 
93,470
 
$
4.80

$5.46 – $5.46
1,306,654
 
9.0
 
$
5.46

 
240,292

 
$
5.46

$5.49 – $5.49
36,918
 
9.1
 
$
5.49

 
5,734
 
$
5.49

$5.63 – $5.63
1,511,307
 
5.3
 
$
5.63

 
724,285
 
$
5.63

$5.76– $5.76
1,246,839
 
8.5
 
$
5.76

 
219,246
 
$
5.76

$6.39– $7.97
1,138,049
 
7.3
 
$
7.27

 
531,824
 
$
7.27

$8.11 – $13.30
1,177,647
 
5.7
 
$
9.21

 
784,077
 
$
9.15

$13.31 – $18.69
1,250,463
 
2.8
 
$
16.92

 
1,138,570
 
$
17.15

$19.13 – $21.51
1,318,182
 
2.5
 
$
20.15

 
1,237,247
 
$
20.10

$21.95 – $40.80
1,303,911
 
2.0
 
$
26.12

 
1,267,988
 
$
26.21

$4.13 – $40.80
11,377,146
 
5.7
 
$
11.32

 
6,242,733
 
$
15.35

Weighted-average assumptions for Stock Option Plans
The following table presents the weighted-average assumptions used to estimate the fair value of stock options granted that contain only service conditions in the periods presented. The assumptions used to estimate the fair value of stock options granted under the stock option exchange program are excluded from the following:
 
Stock Option Plans for Years Ended December 31,
 
2013
 
2012
 
2011
Stock Option Plans
 
 
 
 
 
Expected stock price volatility
45%-47%
 
57%-68%
 
50%-75%
Risk free interest rate
0.8%-1.5%
 
0.6%-0.9%
 
1.4%-2.8%
Expected term (in years)
5.4-5.5
 
5.5-5.7
 
6.0-6.1
Weighted-average fair value of stock options granted
$2.60
 
$3.57
 
$10.27
Weighted-average assumptions for Employee Stock Purchase Plan
 
Employee Stock Purchase Plan for Years Ended December 31,
 
2013
 
2012
 
2011
Employee Stock Purchase Plan
 
 
 
 
 
Expected stock price volatility
44%-48%
 
56%-63%
 
56%-78%
Risk free interest rate
0.1%
 
0.2%
 
0.1%
Expected term (in years)
0.5
 
0.5
 
0.5
Weighted-average fair value of purchase rights granted under the purchase plan
$1.96
 
$1.58
 
$6.16
Activity related to nonvested equity stock and stock units
The following table reflects the activity related to nonvested equity stock and stock units for the three years ended December 31, 2013:
Nonvested Equity Stock and Stock Units
Shares
 
Weighted-Average
Grant-Date Fair Value
Nonvested at December 31, 2010
718,007
 
$
18.23

Granted
374,838
 
$
17.86

Vested
(314,401)
 
$
18.15

Forfeited
(14,934)
 
$
21.76

Nonvested at December 31, 2011
763,510
 
$
18.02

Granted
742,009
 
$
6.43

Vested
(393,383)
 
$
17.38

Forfeited
(189,645)
 
$
11.77

Nonvested at December 31, 2012
922,491
 
$
10.24

Granted
473,074
 
$
6.92

Vested
(478,214)
 
$
9.81

Forfeited
(287,702)
 
$
9.18

Nonvested at December 31, 2013
629,649
 
$
8.56