Annual report pursuant to Section 13 and 15(d)

Stock Incentive Plan (Tables)

v3.3.1.900
Stock Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2015
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, 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

 
 
 
 
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

 
5.29
 
$
2,210

Options exercisable at December 31, 2015
2,821,735

 
$
7.500

 
3.95
 
$
2,178

Expected to vest at December 31, 2015
1,317,705

 
$
8.254

 
8.18
 
$
32

 
(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 2015, 2014 and 2013:
 
 
Year Ended December 31,
 
2015
 
2014
 
2013
Expected dividend yield
—%
 
—%
 
—%
Risk-free interest rate
1.53%-2.01%
 
1.93%-2.01%
 
1.03%-2.18%
Expected volatility
44%-49%
 
50%-52%
 
34%-52%
Expected life
5.0-6.5 years
 
6.5 years
 
6.0-6.5 years