Annual report pursuant to section 13 and 15(d)

Share-based Compensation (Tables)

v2.4.0.6
Share-based Compensation (Tables)
 12 Months Ended
Dec. 31, 2012
Share- based Compensation [Abstract]  
Summary of Restricted Share Activity
                 
    Number of
shares
(In thousands)		     Weighted
average
grant
date fair
value		  

Unvested at December 31, 2010

     2,174     $ 2.51  

Granted

     682       1.64  

Vested

     (168 )      1.90  

Vested shares forgone to satisfy minimum statutory withholding

     (51 )      2.19  

Forfeitures

     (1 )      2.58  
   

 

 

    

 

 

  

Unvested at December 31, 2011

     2,636     $ 1.88  

Granted

     343       1.82  

Vested

     (169 )      1.82  

Vested shares forgone to satisfy minimum statutory withholding

     (70 )      1.81  

Forfeitures

     (2,172 )      1.40  
   

 

 

    

 

 

  

Unvested at December 31, 2012

     568     $ 1.87  
   

 

 

    

 

 

  
Summary of stock options activity
                 
    2012  
    Number of
Shares
(in thousands)		     Weighted
Average
grant
date fair
value		  

Unvested at December 31, 2011

     —         —    

Granted

     1,375     $ 2.21  

Vested

     (967 )    $ 2.25  
   

 

 

    

 

 

  

Unvested at December 31, 2012

     408     $ 2.12  
   

 

 

    

 

 

  
Schedule of share based compensation expense based on the fair value of the options
         
    2012  

Expected volatility

     60 % 

Risk free interest rate

     0.25 % 

Expected lives at date of grant (in years)

     3.42  

Weighted average fair value of options granted

   $ 2.21  
Stock Based Compensation
                 
    2012     2011  

Restricted share expense

   $ 451     $ 1,185  

Stock option expense

     513       —    
   

 

 

    

 

 

  

Total stock-based compensation expense

   $ 964     $ 1,185  
   

 

 

    

 

 

  

 

* Includes $0.4 million expense reversal for previously recognized tax gross-up liability; a change in estimate due to the $0.9 million forfeiture of 2.0 million restricted share grants; and $1.0 million of additional stock compensation expense due to the Settlement Agreement described in Note 3.
** Includes $0.2 million expense for a tax gross-up liability associated with certain restricted share grants.