XML 29 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Stock-Based Compensation [Abstract]  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
Information with respect to stock option activity as of and for the year ended December 31, 2013 is as follows:

 
 
Number
of Shares
  
Weighted
Average
Exercise
Price
  
Aggregate
Intrinsic
Value (in thousands)
  
Weighted
Average
Remaining
Contractual Life
(Years)
 
 
 
  
  
  
 
Options outstanding at December 31, 2012
  
3,070,803
  
$
3.40
  
  
 
Options granted
  
293,000
   
1.76
  
  
 
Options exercised
  
(162,000
)
  
1.62
  
  
 
Options forfeited
  
(165,816
)
  
2.71
  
  
 
Options outstanding at December 31, 2013
  
3,035,987
   
3.38
  
$
-
   
4.32
 
Options expected to vest
  
1,287,801
   
2.37
  
$
-
   
5.28
 
Options exercisable at December 31, 2013
  
1,748,186
  
$
4.12
  
$
-
   
3.62
 

Schedule of Nonvested Share Activity
A summary of the status of the Company's nonvested options as of and for the year ended December 31, 2013 is presented below.

 
 
Number of Shares
  
Weighted Average Fair Value
 
 
 
  
 
Nonvested options at December 31, 2012
  
1,750,107
  
$
1.43
 
Options granted
  
293,000
   
0.90
 
Options forfeited
  
(120,646
)
  
1.19
 
Options vested during the period
  
(634,660
)
  
1.45
 
 
        
Nonvested options at December 31, 2013
  
1,287,801
  
$
1.33
 


Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The fair value of the options granted in 2013, 2012 and 2011 were estimated on the date of grant using a Black-Scholes option-pricing model with the following assumptions:

 
Years ended December 31,
 
2013
 
2012
 
2011
 
 
 
 
 
 
Risk-free interest rates
.85 - 1.68%
 
.34 - 1.16%
 
1.06 - 2.28%
Dividend yield
0%
 
0%
 
0%
Expected life
5.49 - 7.00 years
 
2.00 - 6.28 years
 
3.75 - 6.98 years
Volatility
51.31 - 56.80%
 
52.13 - 57.85%
 
49.49 - 60.24%
Weighted average volatility
52.46%
 
53.85%
 
55.04%