Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v2.4.0.8
Benefit Plans (Tables)
 3 Months Ended
Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]  
Fair value of options granted to employees and members of our board of directors
The following table summarizes the weighted-average assumptions used to compute the fair value of options granted to employees and members of our board of directors:
 
For the Three Months Ended March 31,
 
2014
Risk-free interest rate
1.3%
Expected life of options — years
3.98
Expected stock price volatility
36%
Expected dividend yield
0%
Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the three months ended March 31, 2014 (options in thousands):
 
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2013
264,239

 
$
2.42

 
 
 
 
Granted
4,614

 
$
3.67

 
 
 
 
Exercised
(5,471
)
 
$
1.58

 
 
 
 
Forfeited, cancelled or expired
(3,927
)
 
$
4.85

 
 
 
 
Outstanding as of March 31, 2014
259,455

 
$
2.43

 
7.02
 
$
262,756

Exercisable as of March 31, 2014
109,628

 
$
2.15

 
5.18
 
$
154,006



Summary of restricted stock unit activity
The following table summarizes the nonvested restricted stock unit activity under our share-based plans for the three months ended March 31, 2014 (shares in thousands):
 
Shares
 
Grant Date Fair Value
Nonvested as of December 31, 2013
6,984

 
$
3.58

Granted
270

 
$
3.70

Vested restricted stock units
—

 
$
—

Forfeited
(39
)
 
$
3.61

Nonvested as of March 31, 2014
7,215

 
$
3.58