Quarterly report pursuant to Section 13 or 15(d)

Benefit Plans (Tables)

v2.4.0.8
Benefit Plans (Tables)
 9 Months Ended
Sep. 30, 2013
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 September 30,
 
For the Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Risk-free interest rate
1.5%
 
0.8%
 
1.4%
 
0.8%
Expected life of options — years
4.73
 
5.06
 
4.72
 
5.13
Expected stock price volatility
47%
 
49%
 
48%
 
53%
Expected dividend yield
0%
 
0%
 
0%
 
0%
Stock options activity under share-based payment plans
The following table summarizes stock option activity under our share-based plans for the nine months ended September 30, 2013 (options in thousands):
 
Options
 
Weighted-
Average
Exercise
Price (1)
 
Weighted-Average
Remaining
Contractual Term
(Years)
 
Aggregate
Intrinsic
Value
Outstanding as of December 31, 2012
274,512

 
$
1.92

 
 
 
 
Granted
54,368

 
$
3.58

 
 
 
 
Exercised
(47,311
)
 
$
1.41

 
 
 
 
Forfeited, cancelled or expired
(4,934
)
 
$
1.74

 
 
 
 
Outstanding as of September 30, 2013
276,635

 
$
2.34

 
7.24
 
$
455,071

Exercisable as of September 30, 2013
120,836

 
$
2.21

 
5.46
 
$
232,449


(1)
The weighted-average exercise price for options outstanding as of December 28, 2012 were adjusted in 2012 to reflect the reduction to the exercise price related to the December 28, 2012 special cash dividend.
Summary of restricted stock unit activity
The following table summarizes the restricted stock unit activity under our share-based plans for the nine months ended September 30, 2013 (shares in thousands):
 
Shares
 
Grant Date Fair Value
Nonvested as of December 31, 2012
429

 
$
3.25

Granted
6,475

 
$
3.58

Vested
(192
)
 
$
3.27

Forfeited
(37
)
 
$
3.61

Nonvested as of September 30, 2013
6,675

 
$
3.56