Stock Compensation Plans (Tables)
|
12 Months Ended |
Dec. 31, 2015 |
|---|
| 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, 2015 and changes during the year ended December 31, 2015 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, 2014 |
|
4,415,000 |
|
|
$ |
1.63 |
|
|
|
|
|
Exercised |
|
— |
|
|
— |
|
|
|
|
|
|
Options outstanding, December 31, 2015 |
|
4,415,000 |
|
|
$ |
1.63 |
|
|
1.45 |
|
$ |
4,970 |
|
Vested or expected to vest, December 31, 2015 |
|
4,415,000 |
|
|
$ |
1.63 |
|
|
1.45 |
|
$ |
4,970 |
|
Options exercisable, December 31, 2015 |
|
4,415,000 |
|
|
$ |
1.63 |
|
|
1.45 |
|
$ |
4,970 |
|
|
| Schedule of Share-based Compensation, Restricted Stock Activity |
A summary of the restricted stock awards at December 31, 2015 and changes during the years ended December 31, 2015 and 2014 are presented below:
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Restricted Stock |
|
Weighted-Average Grant Date Fair Value Per Share |
Nonvested at December 31, 2012 and 2013 |
|
— |
|
|
$ |
— |
|
Issued during 2014 |
|
14,409 |
|
|
3.44 |
|
Nonvested at December 31, 2014 |
|
14,409 |
|
|
3.44 |
|
Issued during 2015 |
|
1,206,081 |
|
|
3.92 |
|
Vested during 2015 |
|
(11,948 |
) |
|
3.48 |
|
Nonvested at December 31, 2015 |
|
1,208,542 |
|
|
3.91 |
|
|
| 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, |
|
|
2015 |
|
2014 |
|
2013 |
Dividend yield |
|
— |
% |
|
— |
% |
|
— |
% |
Expected volatility |
|
61.10 |
% |
|
64.94 |
% |
|
65.66 |
% |
Risk-free interest rate |
|
1.63 |
% |
|
2.02 |
% |
|
1.17 |
% |
Expected life (in years) |
|
6.15 |
|
|
6.4 |
|
|
6.2 |
|
|
| 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, 2015 and changes during the year ended December 31, 2015 are presented below:
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|
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|
Shares |
|
Weighted- Average Exercise Price |
|
Weighted- Average Remaining Contractual Term (Years) |
|
Aggregate Intrinsic Value |
Options outstanding, December 31, 2014 |
|
15,786,001 |
|
|
$ |
1.46 |
|
|
|
|
|
Exercised |
|
(482,000 |
) |
|
0.75 |
|
|
|
|
|
Forfeited |
|
— |
|
|
— |
|
|
|
|
|
Expired |
|
(49,500 |
) |
|
0.54 |
|
|
|
|
|
Options outstanding, December 31, 2015 |
|
15,254,501 |
|
|
$ |
1.48 |
|
|
2.7 |
|
$ |
19,536 |
|
Vested or expected to vest, December 31, 2015 |
|
15,254,380 |
|
|
$ |
1.48 |
|
|
2.7 |
|
$ |
19,536 |
|
Options exercisable, December 31, 2015 |
|
15,129,500 |
|
|
$ |
1.47 |
|
|
2.7 |
|
$ |
19,536 |
|
|
| 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, 2015 and changes during the year ended December 31, 2015 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, 2014 |
|
20,379,199 |
|
|
$ |
2.03 |
|
|
|
|
|
Granted |
|
1,810,000 |
|
|
3.95 |
|
|
|
|
|
Exercised |
|
(712,425 |
) |
|
1.56 |
|
|
|
|
|
Forfeited |
|
(96,765 |
) |
|
3.21 |
|
|
|
|
|
|
Options outstanding, December 31, 2015 |
|
21,380,009 |
|
|
$ |
2.20 |
|
|
6.6 |
|
$ |
16,125 |
|
Vested or expected to vest, December 31, 2015 |
|
21,338,726 |
|
|
$ |
2.20 |
|
|
6.6 |
|
$ |
16,119 |
|
Options exercisable, December 31, 2015 |
|
15,292,759 |
|
|
$ |
1.85 |
|
|
6.1 |
|
$ |
14,554 |
|
|