Annual report pursuant to Section 13 and 15(d)

Stock Compensation Plans (Tables)

v3.8.0.1
Stock Compensation Plans (Tables)
 12 Months Ended
Dec. 31, 2017
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, 2017 and changes during the year ended December 31, 2017 are presented below:
 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Options outstanding, December 31, 2016
 
3,000,000

 
$
1.91

 
 
 
 
Forfeited
 
(3,000,000
)
 
$
1.91

 
 
 
 
Options outstanding, December 31, 2017
 
—

 
$
—

 
—

 
$
—

Schedule of Share-based Compensation, Restricted Stock Activity
A summary of the restricted stock awards at December 31, 2017 and changes during the year ended December 31, 2017 is presented below:

 
 
Restricted Stock
 
Weighted-Average Grant Date Fair Value Per Share
Nonvested at December 31, 2016
 
2,233,219

 
$
2.92

Issued during 2017
 
1,791,000

 
2.35

Vested during 2017
 
(639,073
)
 
3.04

Forfeited during 2017
 
(5,000
)
 
2.24

Nonvested at December 31, 2017
 
3,380,146

 
$
2.60

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:

 
 
 
  
 
2016
 
2015
Dividend yield
 
—
%
 
—
%
Expected volatility
 
50.38
%
 
61.10
%
Risk-free interest rate
 
1.67
%
 
1.63
%
Expected life (in years)
 
6.11

 
6.15

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, 2017 and changes during the year ended December 31, 2017 are presented below:

 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Options outstanding, December 31, 2016
 
12,122,500

 
$
1.62

 
 
 
 
Exercised
 
(3,300,500
)
 
2.25

 
 
 
 
Forfeited
 
(10,000
)
 
2.30

 
 
 
 
Expired
 
(180,000
)
 
2.63

 
 
 
 
Options outstanding, December 31, 2017
 
8,632,000

 
$
1.36

 
1.87
 
$
15,556

Options exercisable, December 31, 2017
 
8,632,000

 
$
1.36

 
1.87
 
$
15,556

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, 2017 and changes during the year ended December 31, 2017 are presented below:

 
 
Shares
 
Weighted- Average Exercise Price
 
Weighted- Average Remaining Contractual Term (Years)
 
Aggregate Intrinsic Value
Options outstanding, December 31, 2016
 
21,836,053

 
$
2.24

 
 
 
 
Exercised
 
(1,076,166
)
 
1.61

 
 
 
 
Forfeited
 
(271,026
)
 
2.34

 
  
 
  

Options outstanding, December 31, 2017
 
20,488,861

 
$
2.28

 
4.93
 
$
20,033

Options exercisable, December 31, 2017
 
18,344,361

 
$
2.15

 
4.68
 
$
19,672