Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plan (Tables)

v2.4.0.6
Stock Incentive Plan (Tables)
9 Months Ended
Sep. 30, 2012
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, 2011
 
5,424,612

 
$
5.151

Granted
 
706,644

 
11.782

Exercised
 
(1,151,327
)
 
2.620

Forfeited
 
(36,968
)
 
5.681

Outstanding at September 30, 2012
 
4,942,961

 
$
6.684

Options exercisable at September 30, 2012
 
3,292,991

 
$
4.671

Expected to vest at September 30, 2012
 
1,602,873

 
$
10.809

Options exercisable at December 31, 2011
 
3,896,512

 
$
3.773

Schedule of Stock Options by Plans by Exercise Price Range
The following table summarizes information about stock options outstanding at September 30, 2012: 
 
 
 
 
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
 
1.500

 
20,000

 
0.33
 
1.500

 
20,000

 
1.500

2000 Plan
 
1.750

 
110,999

 
0.78
 
1.750

 
110,999

 
1.750

2000 Plan
 
1.875

 
112,500

 
0.98
 
1.875

 
112,500

 
1.875

2000 Plan
 
2.750

 
454,231

 
1.76
 
2.750

 
448,231

 
2.750

2000 Plan
 
3.000

 
41,600

 
2.32
 
3.000

 
41,600

 
3.000

2000 Plan
 
3.250

 
603,904

 
3.44
 
3.250

 
603,904

 
3.250

2000 Plan
 
3.410

 
676,692

 
4.27
 
3.410

 
676,692

 
3.410

2000 Plan
 
4.220

 
383,109

 
4.90
 
4.220

 
356,609

 
4.220

2000 Plan
 
6.055

 
976,500

 
6.74
 
6.055

 
602,500

 
6.055

2010 Plan
 
10.750

 
76,995

 
9.67
 
10.750

 

 
10.750

2010 Plan
 
10.950

 
140,000

 
8.96
 
10.950

 
28,000

 
10.950

2010 Plan
 
11.630

 
155,093

 
9.71
 
11.630

 

 
11.630

2010 Plan
 
11.980

 
499,650

 
9.57
 
11.980

 

 
11.980

2000 Plan
 
13.045

 
603,000

 
7.57
 
13.045

 
271,350

 
13.045

2010 Plan
 
14.810

 
60,000

 
8.65
 
14.810

 
12,000

 
14.810

2010 Plan
 
16.290
 
28,688

 
8.32
 
16.290

 
8,606

 
16.290

 
 
 
 
4,942,961

 
 
 
 

 
3,292,991

 
 

Schedule of Stock Options Valuation Assumptions
The following table sets forth the significant assumptions used in the model during 2011 and 2012:
 
 
 
Year Ended December 31,
 
Nine Months Ended September 30,
 
 
2011
 
2012
Future dividends
 
$ -
 
$ -
Risk-free interest rate
 
1.35%-2.58%
 
0.82%-1.25%
Expected volatility
 
32%-33%
 
32%
Expected life
 
6.0-6.5 years
 
6.5 years