Quarterly report pursuant to Section 13 or 15(d)

Benefits Plans (Tables)

v2.4.0.6
Benefits Plans (Tables)
 3 Months Ended
Mar. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
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 Three Months
Ended March 31,
 
2012
Risk-free interest rate
0.8%
Expected life of options — years
5.34
Expected stock price volatility
57%
Expected dividend yield
0%
Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based payment plans for the three months ended March 31, 2012 (options in thousands):
 
Options
 
Weighted-
Average
Exercise
Price
 
Weighted-Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2011
439,580

 
$
1.25

 
 
 
 
Granted
275

 
$
2.04

 
 
 
 
Exercised
(34,955
)
 
$
0.65

 
 
 
 
Forfeited, cancelled or expired
(4,281
)
 
$
2.67

 
 
 
 
Outstanding as of March 31, 2012
400,619

 
$
1.29

 
6.00

 
$
501,494

Exercisable, March 31, 2012
148,585

 
$
1.78

 
4.20

 
$
169,371

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 three months ended March 31, 2012 (awards in thousands):
 
Awards
 
Weighted-Average
Grant Date Fair
Value
Nonvested, December 31, 2011
421

 
$
1.46

Granted
—

 
$
—

Vested restricted stock
—

 
$
—

Vested restricted stock units
—

 
$
—

Forfeited
—

 
$
—

Nonvested, March 31, 2012
421

 
$
1.46