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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Assumptions Used to Compute Share-Based Compensation Costs for Stock Options Granted

The assumptions used to compute the share-based compensation costs for the stock options granted during the years ended December 31, 2013, 2012 and 2011, respectively, using the Black-Scholes option pricing model, were as follows:

 

     Year Ended December 31,   
     2013        2012        2011   

Weighted average grant-date fair value of stock options

   $ 0.63      $ 0.80      $ 1.16   
      

Assumptions

      

Risk-free interest rate (weighted average)

     0.6     0.5     0.2

Expected dividend yield

     -        -        -   

Weighted average expected life (years)

     4        4        1   

Volatility (weighted average)

     68.1     80.0     73.0

Forfeiture rate

     11.4     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,   
     2014        2013        2013        2012        2012   

Shares purchased for offering period

       19,490        18,594        8,052        44,666   

Fair value per share

   $ 0.30      $ 0.44      $ 0.65      $ 0.93      $ 0.69   
          

Assumptions

          

Risk-free interest rate (average)

     0.40     0.11     0.14     0.14     0.50

Expected dividend yield

     -        -        -        -        -   

Weighted average expected life (years)

     0.5        0.5        0.5        0.5        0.5   

Volatility (average)

     44.0     45.0     74.0     78.0     105.0

 

Stock-Based Non-Cash Compensation Expenses

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

 

     Year Ended December 31,   
     2013         2012         2011   

Cost of revenues

   $ 20       $ 13       $ 31   

Selling and marketing

     766         865         1,922   

Research and development

     809         765         1,198   

General and administrative

     1,938         2,306         3,379   
  

 

 

    

 

 

    

 

 

 

Total non-cash stock compensation expense

   $ 3,533       $ 3,949       $ 6,530   
  

 

 

    

 

 

    

 

 

 

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, 2013 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, 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 $0.80)

     826      $ 1.39      

Exercised

     (32   $ 0.50      

Cancelled

     (686   $ 12.37      
  

 

 

      

 

 

 

Outstanding as of December 31, 2012

     2,275      $ 7.02       $ -   
  

 

 

      

 

 

 

(1,474 options exercisable at a weighted average exercise price of $10.09)

       

Granted (weighted average fair value of $0.63)

     120      $ 1.31      

Exercised

     -      $ -      

Cancelled

     (225   $ 6.52      
  

 

 

      

 

 

 

Outstanding as of December 31, 2013

     2,170      $ 6.76       $ -   
  

 

 

      

 

 

 
       

Exercisable as of December 31, 2013

     1,573      $ 8.81       $ -   
  

 

 

      

 

 

 
       

Vested and expected to vest at December 31, 2013

     2,092      $ 6.96       $ -   
  

 

 

      

 

 

 

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, 2013, 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, 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   
  

 

 

   

Granted

     1,495      $ 1.70   

Vested

     (752   $ 4.43   

Cancelled and forfeited

     (316   $ 3.00   
  

 

 

   

Unvested at December 31, 2013

     1,746      $ 2.48