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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Stock-Based Compensation [Abstract]  
Assumptions used to compute share-based compensation costs for the stock options granted

The assumptions used to compute the share-based compensation costs for the stock options granted during the years ended December 31, 2012, 2011 and 2010, respectively, using the Black-Scholes option pricing model, were as follows:

 

                         
      Year Ended December 31,  
      2012       2011       2010  

Weighted average grant-date fair value of stock options

  $ 0.80     $ 1.16     $ 2.97  
                         

Assumptions

                       

Risk-free interest rate (weighted average)

    0.5     0.2     0.3

Expected dividend yield

    -       -       -  

Weighted average expected life (years)

    4       1       1  

Volatility (weighted average)

    80.0     73.0     72.0

Forfeiture rate

    13.7     -       -  
Assumptions used estimate fair value of employee stock purchase plans

Following is a schedule of the shares purchased, the fair value per share, and the Black-Scholes model assumptions for each offering period:

 

                                                   
        (Ending)                                          
Offering Period Ended       March 31,         September 31,         March 31,         September 31,         March 31,  
        2013         2012         2012         2011         2011  

Shares purchased for offering period

      -         8,052         44,666         52,762         43,335  

Fair value per share

    $ 0.65       $ 0.93       $ 0.69       $ 3.61       $ 3.98  
                                                   

Assumptions

                                                 

Risk-free interest rate (average)

      0.14 %       0.14 %       0.50 %       0.12 %       0.18 %

Expected dividend yield

      -         -         -         -         -  

Weighted average expected life (years)

      0.5         0.5         0.5         0.5         0.5  

Volatility (average)

      74.0 %       78.0 %       105.0 %       72.0 %       72.0 %
Stock-based non-cash compensation expenses

Stock-based non-cash compensation expenses related to stock options and restricted stock grants were recorded in the financial statements as follows (in thousands):

 

                         
      Year Ended December 31,  
      2012       2011       2010  

Cost of revenues

  $ 13     $ 31     $ 101  

Selling and marketing

    865       1,922       2,529  

Research and development

    765       1,198       2,505  

General and administrative

    2,306       3,379       4,361  
   

 

 

   

 

 

   

 

 

 

Total non-cash stock compensation expense

  $ 3,949     $ 6,530     $ 9,496  
   

 

 

   

 

 

   

 

 

 
Summary of outstanding stock options and related activity


A summary of the Company’s stock options outstanding under the 2005 Plan as of December 31, 2012 and the activity during the years ended herein are as follows (in thousands except per share amounts):

 

                               
        Weighted Ave.   Aggregate
    Shares   Exercise Price   Intrinsic Value

Outstanding as of December 31, 2009

      3,536       $         11.29            
     

 

 

                     

(2,754 options exercisable at a weighted average exercise price of $10.55)

                             

Granted (weighted average fair value of $2.97)

      20       $ 10.51            

Exercised

      (760 )     $ 9.55            

Cancelled

      (90 )     $ 13.80            
     

 

 

                     

Outstanding as of December 31, 2010

      2,706       $ 11.69       $             -  
     

 

 

                     

(2,545 options exercisable at a weighted average exercise price of $11.54)

                             

Granted (weighted average fair value of $1.16)

      25       $ 4.07            

Exercised

      (7 )     $ 1.77            

Cancelled

      (557 )     $ 14.04            
     

 

 

               

 

 

 

Outstanding as of December 31, 2011

      2,167       $ 11.03       $ -  
     

 

 

               

 

 

 

(2,167 options exercisable at a weighted average exercise price of $11.03)

                             

Granted (weighted average fair value of $.80)

      826       $ 1.39            

Exercised

      (32 )     $ 0.50            

Cancelled

      (686 )     $ 12.37            
     

 

 

               

 

 

 

Outstanding as of December 31, 2012

      2,275       $ 7.02       $ -  
     

 

 

               

 

 

 
                               

Exercisable as of December 31, 2012

      1,474       $ 10.09       $ -  
     

 

 

               

 

 

 
                               

Vested and expected to vest at December 31, 2012

      2,171       $ 7.29       $ -  
     

 

 

               

 

 

 
Summary of outstanding restricted stock awards and related activity

A summary of the Company’s restricted stock awards outstanding under the 2005 Plan as of December 31, 2012, and the activity during years ended therein, are as follows (in thousands):

 

                 
     
 
Number
of shares
  
  
   
 
Weighted average
grant date fair value
  
  

Unvested at December 31, 2009

    1,415     $             6.28  
   

 

 

         

Granted

    933     $ 8.27  

Vested

    (679   $ 6.50  

Cancelled and forfeited

    (65   $ 9.25  
   

 

 

         

Unvested at December 31, 2010

    1,604     $ 7.23  
   

 

 

         

Granted

    1,000     $ 8.86  

Vested

    (823   $ 7.40  

Cancelled and forfeited

    (426   $ 7.81  
   

 

 

         

Unvested at December 31, 2011

    1,355     $ 3.21  
   

 

 

         

Granted

    995     $ 2.64  

Vested

    (611   $ 6.42  

Cancelled and forfeited

    (420   $ 8.73  
   

 

 

         

Unvested at December 31, 2012

    1,319     $ 4.60