Annual report pursuant to Section 13 and 15(d)

Stock Compensation Plans (Tables)

v2.4.1.9
Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014 and changes during the years ended December 31, 2014, 2013 and 2012 are presented below:

 
 
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

Exercised
 
(10,000
)
 
1.05

 
  
 
  

Options outstanding, December 31, 2014
 
4,415,000

 
$
1.63

 
2.4
 
$
10,224

Vested or expected to vest, December 31, 2014
 
4,415,000

 
$
1.63

 
2.4
 
$
10,224

Options exercisable, December 31, 2014
 
4,415,000

 
$
1.63

 
2.4
 
$
10,224

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:

 
 
Year Ended December 31,
  
 
2014
 
2013
 
2012
Dividend yield
 
%
 
%
 
%
Expected volatility
 
64.94
%
 
65.66
%
 
62.87
%
Risk-free interest rate
 
2.02
%
 
1.17
%
 
1.00
%
Expected life (in years)
 
6.4

 
6.2

 
6.2

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, 2014 and changes during the years ended December 31, 2014, 2013 and 2012 are presented below:

 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
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

Exercised
 
(285,067
)
 
1.33

 
  
 
  

Forfeited
 
(30,000
)
 
1.38

 
  
 
  

Expired
 
(55,000
)
 
0.34

 
 
 
 
Options outstanding, December 31, 2013
 
16,932,401

 
1.43

 
4.4
 
28,748

Exercised
 
(1,141,200
)
 
1.10

 
  
 
  

Expired
 
(5,200
)
 
1.01

 
 
 
 
Options outstanding, December 31, 2014
 
15,786,001

 
$
1.46

 
3.6
 
$
39,353

Vested or expected to vest, December 31, 2014
 
15,784,184

 
$
1.46

 
3.6
 
$
39,350

Options exercisable, December 31, 2014
 
15,154,750

 
$
1.44

 
3.5
 
$
38,048

 
 
 
 
 
 
 
 
 
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, 2014 and changes during the years ended December 31, 2014, 2013 and 2012 are presented below:

 
 
 
 
 
 
 
 
 
 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
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

Granted
 
3,641,212

 
3.29

 
  
 
  

Exercised
 
(1,174,376
)
 
1.56

 
  
 
  

Forfeited
 
(233,201
)
 
1.64

 
  
 
  

Options outstanding, December 31, 2014
 
20,379,199

 
$
2.03

 
7.4
 
$
39,303

Vested or expected to vest, December 31, 2014
 
20,218,120

 
$
2.02

 
7.4
 
$
39,030

Options exercisable, December 31, 2014
 
10,892,035

 
$
1.69

 
6.9
 
$
24,608