Annual report pursuant to Section 13 and 15(d)

Stock Incentive Plan (Tables)

v3.6.0.2
Stock Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Options Activity
The following table summarizes the collective activity under the 2000 Plan and the 2010 Plan:
 
Number of Options
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
Outstanding at December 31, 2013
4,573,378

 
$
7.528

 
 
 
 
Granted(1)
145,000

 
7.578

 
 
 
 
Exercised
(482,475
)
 
2.999

 
 
 
 
Forfeited
(324,330
)
 
12.226

 
 
 
 
Expired
(18,000
)
 
2.750

 
 
 
 
Outstanding at December 31, 2014
3,893,573

 
7.721

 
 
 
 
Granted(1)
747,100

 
6.404

 
 
 
 
Exercised
(332,600
)
 
3.467

 
 
 
 
Forfeited
(168,633
)
 
9.409

 
 
 
 
Outstanding at December 31, 2015
4,139,440

 
7.740

 
 
 
 
Granted(1)
665,000

 
4.703

 
 
 
 
Exercised
(320,892
)
 
3.286

 
 
 
 
Forfeited
(194,562
)
 
8.154

 
 
 
 
Expired
(317,604
)
 
11.293

 
 
 
 
Outstanding at December 31, 2016
3,971,382

 
$
7.300

 
5.50
 
$
1,143

Options exercisable at December 31, 2016
2,664,405

 
$
7.850

 
4.05
 
$
626

Expected to vest at December 31, 2016
1,306,977

 
6.179

 
8.46
 
$
517

 
(1) Grants are related to the 2010 Plan.
Schedule of Stock Options Valuation Assumptions
The following table sets forth the significant assumptions used in the model during 2016, 2015 and 2014:
 
 
Year Ended December 31,
 
2016
 
2015
 
2014
Expected dividend yield
—%
 
—%
 
—%
Risk-free interest rate
1.16%-1.77%
 
1.53%-2.01%
 
1.93%-2.01%
Expected volatility
46%-49%
 
44%-49%
 
50%-52%
Expected life
6.5-10 years
 
5.0-6.5 years
 
6.5 years