Annual report pursuant to Section 13 and 15(d)

Benefit Plans (Tables)

v2.4.0.6
Benefit Plans (Tables)
 12 Months Ended
Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]  
Fair value of options granted to employees
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 Years Ended December 31,
 
2012
 
2011
 
2010
Risk-free interest rate
0.8%
 
1.1%
 
1.7%
Expected life of options — years
5.06
 
5.27
 
5.28
Expected stock price volatility
49%
 
68%
 
85%
Expected dividend yield
0%
 
0%
 
0%
Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based payment plans for the years ended December 31, 2012, 2011 and 2010 (options in thousands):
 
Options
 
Weighted-
Average
Exercise
Price (1)
 
Weighted-Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
Outstanding as of January 1, 2010
364,792

 
$
1.44

 
 
 
 
Granted
71,179

 
$
0.97

 
 
 
 
Exercised
(19,360
)
 
$
0.56

 
 
 
 
Forfeited, cancelled or expired
(14,741
)
 
$
3.58

 
 
 
 
Outstanding as of December 31, 2010
401,870

 
$
1.32

 
 
 
 
Granted
77,450

 
$
1.80

 
 
 
 
Exercised
(13,300
)
 
$
0.87

 
 
 
 
Forfeited, cancelled or expired
(26,440
)
 
$
4.15

 
 
 
 
Outstanding as of December 31, 2011
439,580

 
$
1.25

 
 
 
 
Granted
58,626

 
$
2.53

 
 
 
 
Exercised
(214,199
)
 
$
0.59

 
 
 
 
Forfeited, cancelled or expired
(9,495
)
 
$
3.09

 
 
 
 
Outstanding as of December 31, 2012
274,512

 
$
1.92

 
7.29
 
$
320,751

Exercisable as of December 31, 2012
93,822

 
$
2.53

 
5.19
 
$
89,517


(1)
The weighted-average exercise price for options outstanding and exercisable as of December 31, 2012 in the table above have been adjusted to reflect the reduction to the exercise price related to the December 28, 2012 special cash dividend.
Summary of nonvested restricted stock and restricted stock unit activity
The following table summarizes the nonvested restricted stock and restricted stock unit activity under our share-based payment plans for the years ended December 31, 2012, 2011 and 2010 (shares in thousands):
 
Shares
 
Grant Date Fair Value
Nonvested as of January 1, 2010
6,919

 
$
2.65

Granted
—

 
$
—

Vested restricted stock awards
(4,039
)
 
$
2.85

Vested restricted stock units
(192
)
 
$
2.92

Forfeited
(291
)
 
$
2.72

Nonvested as of December 31, 2010
2,397

 
$
2.57

Granted
—

 
$
—

Vested restricted stock awards
(1,854
)
 
$
3.30

Vested restricted stock units
(101
)
 
$
3.08

Forfeited
(21
)
 
$
3.05

Nonvested as of December 31, 2011
421

 
$
1.46

Granted
8

 
$
—

Vested restricted stock awards
—

 
$
—

Vested restricted stock units
—

 
$
—

Forfeited
—

 
$
—

Nonvested as of December 31, 2012
429

 
$
1.46