Annual report pursuant to Section 13 and 15(d)

Stock Compensation Plans (Tables)

v3.6.0.2
Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016 and changes during the year ended December 31, 2016 are presented below:
 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Options outstanding, December 31, 2015
 
4,415,000

 
$
1.63

 
 
 
 
Exercised
 
(1,415,000
)
 
1.05

 
  
 
  

Options outstanding, December 31, 2016
 
3,000,000

 
$
1.91

 
0.80
 
$
1,590

Vested or expected to vest, December 31, 2016
 
3,000,000

 
$
1.91

 
0.80
 
$
1,590

Options exercisable, December 31, 2016
 
3,000,000

 
$
1.91

 
0.80
 
$
1,590

Schedule of Share-based Compensation, Restricted Stock Activity
A summary of the restricted stock awards at December 31, 2016 and changes during the year ended December 31, 2016 is presented below:

 
 
Restricted Stock
 
Weighted-Average Grant Date Fair Value Per Share
Nonvested at December 31, 2015
 
1,208,542

 
$
3.91

Issued during 2016
 
1,341,000

 
2.23

Vested during 2016
 
(306,323
)
 
3.91

Forfeited during 2016
 
(10,000
)
 
2.64

Nonvested at December 31, 2016
 
2,233,219

 
2.92

Employee and Director Option  
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,
  
 
2016
 
2015
 
2014
Dividend yield
 
%
 
%
 
%
Expected volatility
 
50.38
%
 
61.10
%
 
64.94
%
Risk-free interest rate
 
1.67
%
 
1.63
%
 
2.02
%
Expected life (in years)
 
6.11

 
6.15

 
6.40

Plan 1999  
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, 2016 and changes during the year ended December 31, 2016 are presented below:

 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Options outstanding, December 31, 2015
 
15,254,501

 
$
1.48

 
 
 
 
Exercised
 
(3,077,000
)
 
0.94

 
 
 
 
Forfeited
 
(10,000
)
 
2.80

 
 
 
 
Expired
 
(45,000
)
 
1.45

 
 
 
 
Options outstanding, December 31, 2016
 
12,122,501

 
$
1.62

 
2.22
 
$
10,181

Vested or expected to vest, December 31, 2016
 
12,122,501

 
$
1.62

 
2.22
 
$
10,181

Options exercisable, December 31, 2016
 
12,122,501

 
$
1.62

 
2.22
 
$
10,181

Plan 2009  
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, 2016 and changes during the year ended December 31, 2016 are presented below:

 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Options outstanding, December 31, 2015
 
21,380,009

 
$
2.20

 
 
 
 
Granted
 
1,330,000

 
2.57

 
 
 
 
Exercised
 
(558,145
)
 
1.52

 
 
 
 
Forfeited
 
(315,811
)
 
1.89

 
  
 
  

Options outstanding, December 31, 2016
 
21,836,053

 
$
2.24

 
5.88
 
$
11,306

Vested or expected to vest, December 31, 2016
 
21,818,147

 
$
2.24

 
5.87
 
$
11,306

Options exercisable, December 31, 2016
 
17,328,303

 
$
2.04

 
5.37
 
$
10,707