Annual report pursuant to Section 13 and 15(d)

Stock Incentive Plan (Tables)

v2.4.1.9
Stock Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2014
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, 2011
5,424,612

 
$
5.151

 
 
 
 
Granted(1)
706,644

 
11.782

 
 
 
 
Exercised
(1,306,145
)
 
2.651

 
 
 
 
Forfeited
(46,968
)
 
2.749

 
 
 
 
Outstanding at December 31, 2012
4,778,143

 
6.794

 
 
 
 
Granted(1)
598,360

 
9.101

 
 
 
 
Exercised
(682,619
)
 
3.037

 
 
 
 
Forfeited
(120,506
)
 
11.691

 
 
 
 
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

 
5.15
 
$
4,702

Options exercisable at December 31, 2014
2,882,156

 
$
6.832

 
4.14
 
$
4,677

Expected to vest at December 31, 2014
1,011,417

 
$
10.197

 
8.04
 
$
25

 
(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 2014, 2013 and 2012:
 
 
Year Ended December 31,
 
2014
 
2013
 
2012
Expected dividend yield
—%
 
—%
 
—%
Risk-free interest rate
1.93%-2.01%
 
1.03%-2.18%
 
0.82%-1.25%
Expected volatility
50%-52%
 
34%-52%
 
32%
Expected life
6.5 years
 
6.0-6.5 years
 
6.5 years