Quarterly report pursuant to Section 13 or 15(d)

Stock Incentive Plan (Tables)

v2.4.0.8
Stock Incentive Plan (Tables)
9 Months Ended
Sep. 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
 
563,360

 
9.036

Exercised
 
(507,919
)
 
3.300

Forfeited
 
(100,206
)
 
11.810

Outstanding at September 30, 2013
 
4,733,378

 
$
7.329

Options exercisable at September 30, 2013
 
3,193,796

 
$
5.847

Expected to vest at September 30, 2013
 
1,520,676

 
$
10.420

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 September 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
 
$
1.875

 
100,000

 
0.04
 
$
1.875

 
100,000

 
$
1.875

2000 Plan
 
2.750

 
391,731

 
0.75
 
2.750

 
391,731

 
2.750

2000 Plan
 
3.000

 
13,600

 
1.32
 
3.000

 
13,600

 
3.000

2000 Plan
 
3.250

 
583,144

 
2.44
 
3.250

 
583,144

 
3.250

2000 Plan
 
3.410

 
446,562

 
3.30
 
3.410

 
446,562

 
3.410

2000 Plan
 
4.220

 
214,050

 
3.92
 
4.220

 
214,050

 
4.220

2000 Plan
 
6.055

 
966,500

 
5.75
 
6.055

 
796,100

 
6.055

2010 Plan
 
7.150

 
30,000

 
9.56
 
7.150

 

 
7.150

2010 Plan
 
8.390

 
50,000

 
9.66
 
8.390

 

 
8.390

2010 Plan
 
8.480

 
100,000

 
9.94
 
8.480

 

 
8.480

2010 Plan
 
8.860

 
24,360

 
9.69
 
8.860

 

 
8.860

2010 Plan
 
9.450

 
359,000

 
9.81
 
9.450

 

 
9.450

2010 Plan
 
10.750

 
50,000

 
8.67
 
10.750

 
10,000

 
10.750

2010 Plan
 
10.950

 
140,000

 
7.96
 
10.950

 
72,000

 
10.950

2010 Plan
 
11.630

 
155,093

 
8.71
 
11.630

 
31,009

 
11.630

2010 Plan
 
11.980

 
449,650

 
8.57
 
11.980

 
89,930

 
11.980

2000 Plan
 
13.045

 
571,000

 
6.57
 
13.045

 
410,200

 
13.045

2010 Plan
 
14.810

 
60,000

 
7.65
 
14.810

 
24,000

 
14.810

2010 Plan
 
16.290

 
28,688

 
7.32
 
16.290

 
11,470

 
16.290

 
 
 
 
4,733,378

 
 
 
 
 
3,193,796

 
 
Schedule of Stock Options Valuation Assumptions
The following table sets forth the significant assumptions used in the model during 2013 and 2012:
 
 
Nine Months Ended September 30,
 
Year Ended December 31,
 
 
2013
 
2012
Future dividends
 
$ -
 
$ -
Risk-free interest rate
 
1.03%-2.18%
 
0.82%-1.25%
Expected volatility
 
34%-38%
 
32%
Expected life
 
6.0-6.5 years
 
6.5 years