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:
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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:
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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:
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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:
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|
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:
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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 |
|
|
|
|
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|
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 |
|
|