Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.3.1.900
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2015
Share-based Compensation [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
December 31, 2015
 
December 31, 2014
Risk-free interest rate
 
1.02
%
 
0.75
%
Expected life
 
3.5

 
3.5

Expected volatility
 
54.47
%
 
48.15
%
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
The impact of SARs, performance shares, RSUs and restricted stock on net loss for the years ended December 31, 2015 and 2014 is as follows:

 
2015
 
2014
SARs
$
823

 
$
727

Performance awards
254

 
98

RSUs and restricted stock
2,940

 
1,299

Total stock-based compensation expense
$
4,017

 
$
2,124

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value [Table Text Block]
A summary of stock option and SARs activity for the year ended December 31, 2015, and changes during such year, is presented below:

 
Shares
 
Average
Grant
Price
 
Remaining
Contractual
Period (in years)
 
Aggregate
Intrinsic
Value
Outstanding at January 1, 2015
1,692,921

 
$5.12
 
3.40
 
$
4

Granted
24,575

 
$1.33
 
2.73
 
$
—

Exercised
—

 
—

 
 
 
 
Forfeited or expired
(690,581
)
 
$5.65
 
 
 
 
Outstanding at December 31, 2015
1,026,915

 
$4.67
 
2.74
 
$
—

Vested and exercisable at December 31, 2015
1,026,915

 
$4.67
 
2.74
 
$
—

Schedule of Share-based Compensation, Stock Appreciation Rights Award Activity [Table Text Block]
A summary of the status of the Company’s nonvested SARs for the year ended December 31, 2015, and changes during such year, is presented below:

 
Shares
 
Weighted- Average Grant Date Fair Value
Nonvested at January 1, 2015
1,255,565

 
$
1.72

Granted
24,575

 
$
0.53

Vested
(1,002,652
)
 
$
1.66

Forfeited
(277,488
)
 
$
1.84

Nonvested at December 31, 2015
—

 
$
—

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]
A summary of the Company’s nonvested shares of restricted stock and restricted stock units for the year ended December 31, 2015, and changes during such year, is presented below:

 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Average
Remaining
Vesting
Period (in years)
 
Aggregate
Intrinsic
Value
Nonvested at January 1, 2015
711,003

 
$
2.81

 
1.70
 
$
1,273

Granted
1,343,178

 
$
1.73

 
0
 
$
—

Vested
(1,966,930
)
 
$
2.73

 
 
 
 
Forfeited
(87,251
)
 
$
3.61

 
 
 
 
Nonvested at December 31, 2015
—

 
$
—

 
0
 
$
—