|
Stock Compensation Plans (Tables)
|
12 Months Ended |
|
Dec. 31, 2013
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of Share-based Compensation, Stock Options, Activity |
A summary of the status of these options at December 31, 2013 and changes during the years ended December 31, 2013, 2012 and 2011 are presented below:
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Shares |
|
Weighted- Average Exercise Price |
|
Weighted- Average Remaining Contractual Term (Years) |
|
Aggregate Intrinsic Value |
Options outstanding, December 31, 2011 and 2012 |
|
4,475,000 |
|
|
$ |
1.63 |
|
|
4.4 |
|
$ |
516 |
|
Exercised |
|
(50,000 |
) |
|
1.05 |
|
|
|
|
|
|
Options outstanding, December 31, 2013 |
|
4,425,000 |
|
|
$ |
1.63 |
|
|
3.4 |
|
$ |
6,624 |
|
Vested or expected to vest |
|
4,425,000 |
|
|
$ |
1.63 |
|
|
3.4 |
|
$ |
6,624 |
|
Options exercisable, December 31, 2013 |
|
4,425,000 |
|
|
$ |
1.63 |
|
|
3.4 |
|
$ |
6,624 |
|
|
|
Employee and Director Option [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The fair value of each option award was estimated on the date of grant using the Black-Scholes option pricing model using the following weighted-average assumptions:
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Year Ended December 31, |
|
|
2013 |
|
2012 |
|
2011 |
Dividend yield |
|
— |
% |
|
— |
% |
|
— |
% |
Expected volatility |
|
65.66 |
% |
|
62.87 |
% |
|
81.15 |
% |
Risk-free interest rate |
|
1.17 |
% |
|
1.00 |
% |
|
2.28 |
% |
Expected life (in years) |
|
6.2 |
|
|
6.2 |
|
|
6.2 |
|
|
|
Securities America Acquisition [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The Company valued the options at $9,531 (fair value of $1.19 per option) on the date of grant using the Black-Sholes option pricing model using the following weighted-average assumptions.
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|
|
|
Year Ended December 31, 2011 |
Dividend yield |
— |
% |
Expected volatility |
62.16 |
% |
Risk-free interest rate |
2.06 |
% |
Expected life (in years) |
10.0 |
|
|
|
Plan 1999 [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of Share-based Compensation, Stock Options, Activity |
A summary of the status of the 1999 Plan at December 31, 2013 and changes during the years ended December 31, 2013, 2012 and 2011 are presented below:
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|
Shares |
|
Weighted- Average Exercise Price |
|
Weighted- Average Remaining Contractual Term (Years) |
|
Aggregate Intrinsic Value |
Options outstanding, December 31, 2010 |
|
17,195,240 |
|
|
1.38 |
|
|
6.5 |
|
2,980 |
|
Granted |
|
1,655,000 |
|
|
1.27 |
|
|
|
|
|
|
Exercised |
|
(634,772 |
) |
|
0.88 |
|
|
|
|
|
|
Forfeited |
|
(65,000 |
) |
|
1.73 |
|
|
|
|
|
|
Expired |
|
(385,000 |
) |
|
2.72 |
|
|
|
|
|
Options outstanding, December 31, 2011 |
|
17,765,468 |
|
|
1.36 |
|
|
6.0 |
|
19,977 |
|
Granted |
|
500,000 |
|
|
2.80 |
|
|
|
|
|
|
Exercised |
|
(881,500 |
) |
|
0.88 |
|
|
|
|
|
|
Forfeited |
|
(35,000 |
) |
|
1.90 |
|
|
|
|
|
|
Expired |
|
(46,500 |
) |
|
0.27 |
|
|
|
|
|
Options outstanding, December 31, 2012 |
|
17,302,468 |
|
|
1.43 |
|
|
5.3 |
|
4,475 |
|
Granted |
|
— |
|
|
— |
|
|
|
|
|
|
Exercised |
|
(285,067 |
) |
|
1.33 |
|
|
|
|
|
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Forfeited |
|
(30,000 |
) |
|
1.38 |
|
|
|
|
|
|
Expired |
|
(55,000 |
) |
|
0.34 |
|
|
|
|
|
Options outstanding, December 31, 2013 |
|
16,932,401 |
|
|
$ |
1.43 |
|
|
4.4 |
|
$ |
28,748 |
|
Vested or expected to vest |
|
16,926,441 |
|
|
$ |
1.43 |
|
|
4.4 |
|
$ |
28,743 |
|
Options exercisable, December 31, 2013 |
|
14,994,901 |
|
|
$ |
1.44 |
|
|
4.1 |
|
$ |
25,429 |
|
|
|
Plan 2009 [Member]
|
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of Share-based Compensation, Stock Options, Activity |
A summary of the status of the 2009 Plan at December 31, 2013 and changes during the years ended December 31, 2013, 2012 and 2011 are presented below:
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|
Shares |
|
Weighted- Average Exercise Price |
|
Weighted- Average Remaining Contractual Term (Years) |
|
Aggregate Intrinsic Value |
Options outstanding, December 31, 2010 |
|
1,245,000 |
|
|
1.00 |
|
|
9.3 |
|
211 |
|
Granted |
|
11,320,743 |
|
|
1.61 |
|
|
|
|
|
|
Exercised |
|
(50,000 |
) |
|
0.80 |
|
|
|
|
|
|
Forfeited |
|
(11,749 |
) |
|
1.68 |
|
|
|
|
|
Options outstanding, December 31, 2011 |
|
12,503,994 |
|
|
1.55 |
|
|
9.6 |
|
11,651 |
|
Granted |
|
3,725,000 |
|
|
2.57 |
|
|
|
|
|
|
Forfeited |
|
(291,279 |
) |
|
1.73 |
|
|
|
|
|
Options outstanding, December 31, 2012 |
|
15,937,715 |
|
|
$ |
1.78 |
|
|
8.7 |
|
$ |
790 |
|
Granted |
|
2,788,212 |
|
|
1.41 |
|
|
|
|
|
|
Exercised |
|
(272,955 |
) |
|
1.39 |
|
|
|
|
|
|
Forfeited |
|
(307,408 |
) |
|
1.51 |
|
|
|
|
|
|
Options outstanding, December 31, 2013 |
|
18,145,564 |
|
|
$ |
1.74 |
|
|
8.0 |
|
$ |
25,285 |
|
Vested or expected to vest |
|
17,706,646 |
|
|
$ |
1.74 |
|
|
8.0 |
|
$ |
24,646 |
|
Options exercisable, December 31, 2013 |
|
7,252,152 |
|
|
$ |
1.64 |
|
|
7.7 |
|
$ |
11,202 |
|
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