Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plan (Tables)

v2.4.0.8
Stock Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2013
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
Outstanding at December 31, 2012
 
4,778,143

 
$
6.794

Granted
 
104,360

 
8.143

Exercised
 
(364,666
)
 
3.427

Forfeited
 
(83,796
)
 
11.769

Outstanding at June 30, 2013
 
4,434,041

 
$
7.009

Options exercisable at June 30, 2013
 
3,190,465

 
$
5.584

Expected to vest at June 30, 2013
 
1,216,227

 
$
10.719

Options exercisable at December 31, 2012
 
3,309,722

 
$
4.986

Schedule of Stock Options by Plans by Exercise Price Range
The following table summarizes information about stock options outstanding at June 30, 2013: 
 
 
 
 
Outstanding Options
 
Exercisable Options
Related Plan
 
Exercise Price
 
Number Outstanding
 
Weighted-Average Remaining Contractual Life
 
Weighted-Average Exercise Price
 
Number Exercisable
 
Weighted-Average Exercise Price
2000 Plan
 
$
1.750

 
64,511

 
0.04
 
$
1.750

 
64,511

 
$
1.750

2000 Plan
 
1.875

 
112,500

 
0.23
 
1.875

 
112,500

 
1.875

2000 Plan
 
2.750

 
391,731

 
1.00
 
2.750

 
391,731

 
2.750

2000 Plan
 
3.000

 
13,600

 
1.58
 
3.000

 
13,600

 
3.000

2000 Plan
 
3.250

 
586,144

 
2.69
 
3.250

 
586,144

 
3.250

2000 Plan
 
3.410

 
446,562

 
3.55
 
3.410

 
446,562

 
3.410

2000 Plan
 
4.220

 
270,053

 
4.16
 
4.220

 
270,053

 
4.220

2000 Plan
 
6.055

 
973,750

 
6.00
 
6.055

 
727,250

 
6.055

2010 Plan
 
7.150

 
30,000

 
9.81
 
7.150

 

 
7.150

2010 Plan
 
8.390

 
50,000

 
9.92
 
8.390

 

 
8.390

2010 Plan
 
8.860

 
24,360

 
9.95
 
8.860

 

 
8.860

2010 Plan
 
10.750

 
55,399

 
8.92
 
10.750

 
15,399

 
10.750

2010 Plan
 
10.950

 
140,000

 
8.21
 
10.950

 
36,000

 
10.950

2010 Plan
 
11.630

 
155,093

 
8.96
 
11.630

 
5,015

 
11.630

2010 Plan
 
11.980

 
453,650

 
8.82
 
11.980

 
93,930

 
11.980

2000 Plan
 
13.045

 
578,000

 
6.83
 
13.045

 
392,300

 
13.045

2010 Plan
 
14.810

 
60,000

 
7.91
 
14.810

 
24,000

 
14.810

2010 Plan
 
16.290

 
28,688

 
7.57
 
16.290

 
11,470

 
16.290

 
 
 
 
4,434,041

 
 
 
 
 
3,190,465

 
 
Schedule of Stock Options Valuation Assumptions
The following table sets forth the significant assumptions used in the model during 2013 and 2012:
 
 
Six Months Ended June 30,
 
Year Ended December 31,
 
 
2013
 
2012
Future dividends
 
$ -
 
$ -
Risk-free interest rate
 
1.03%-1.50%
 
0.82%-1.25%
Expected volatility
 
34%-36%
 
32%
Expected life
 
6.5 years
 
6.5 years