Annual report pursuant to Section 13 and 15(d)

Stock Plans (Tables)

v2.4.0.8
Stock Plans (Tables)
12 Months Ended
Dec. 31, 2013
Stock Plans [Abstract]  
Schedule Of Share Based Compensation Activity [Table Text Block]
Activity under our stock plans, as well as non-plan activity, is summarized below (shares in thousands):
 
 
 
 
 
Number of
 
 
 
 
 
 
Shares or
 
Options and
 
 
 
 
 
 
Awards  Available
 
Awards
 
Weighted Average
 
 
 
For Grant
 
Outstanding
 
Exercise Price
 
Balance at December 31, 2010
 
3,393
 
5,115
 
$
2.29
 
Options granted
 
(734)
 
734
 
$
1.44
 
Options cancelled and expired
 
45
 
(241)
 
$
15.01
 
Options forfeited
 
55
 
(55)
 
$
1.77
 
Awards granted
 
(181)
 
181
 
$
0.00
 
Awards issued
 
 
(139)
 
$
0.00
 
Balance at December 31, 2011
 
2,578
 
5,595
 
$
1.56
 
Options granted
 
(1,718)
 
1,718
 
$
1.14
 
Options cancelled and expired
 
290
 
(290)
 
$
5.54
 
Awards issued
 
 
(181)
 
$
0.00
 
Expiration of option plan
 
(1,150)
 
 
$
0.00
 
Balance at December 31, 2012
 
 
6,842
 
$
1.33
 
Options exercised
 
 
(75)
 
$
1.50
 
Options cancelled and expired
 
 
(35)
 
$
3.29
 
Balance at December 31, 2013
 
 
6,732
 
$
1.31
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The options outstanding at December 31, 2013 have been segregated into four ranges for additional disclosure as follows (options in thousands):
 
 
 
Options Outstanding
 
Options Exercisable
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
Weighted
 
 
 
Weighted
 
 
 
Number
 
Remaining
 
Average
 
Number
 
Average
 
Range of Exercise Prices
 
Outstanding
 
Life (Years)
 
Exercise Price
 
Exercisable
 
Exercise Price
 
$0.69 - $1.53
 
5,423
 
6.32
 
$
1.05
 
5,422
 
$
1.05
 
$1.54 - $2.38
 
604
 
3.85
 
$
2.19
 
601
 
$
2.19
 
$2.39 - $3.22
 
643
 
3.27
 
$
2.52
 
643
 
$
2.52
 
$3.23 - $4.06
 
62
 
0.11
 
$
3.70
 
62
 
$
3.70
 
$0.69 - $4.06
 
6,732
 
5.75
 
$
1.31
 
6,728
 
$
1.31
 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]
We use the Black-Scholes-Merton option-pricing model with the following assumptions to estimate the stock-based compensation expense for the years ended December 31, 2013, 2012 and 2011:
 
 
 
Years Ended December 31,
 
 
 
2013
 
 
2012
 
 
2011
 
Weighted-average risk-free interest rate
 
0.92
%
 
0.91
%
 
2.3
%
Expected dividend payments
 
 
 
 
 
 
Expected holding period (years)(1)
 
3.9
 
 
5.1
 
 
5.4
 
Weighted-average volatility factor(2)
 
1.38
 
 
1.75
 
 
1.71
 
Estimated forfeiture rates for options granted to management(3)
 
23
%
 
23
%
 
23
%
Estimated forfeiture rates for options granted to non-management(3)
 
41
%
 
41
%
 
41
%
 
___________________________________________________________________
   (1)
Expected holding period is based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and the expectations of future employee behavior.
   (2)
Weighted average volatility is based on the historical volatility of our common stock.
   (3)  
Estimated forfeiture rates are based on historical data. 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The following table summarizes the stock-based compensation expense and impact on our basic and diluted loss per share for the years ended December 31, 2013, 2012 and 2011:
 
 
 
Years Ended December 31,
 
(in thousands, except per share amounts)
 
2013
 
2012
 
2011
 
Research and development
 
$
378
 
$
1,560
 
$
371
 
General and administrative
 
 
300
 
 
1,021
 
 
806
 
Total stock-based compensation expenses
 
$
678
 
$
2,581
 
$
1,177
 
Increase in basic net income (loss) per share
 
$
(0.01)
 
$
(0.04)
 
$
(0.02)
 
Increase in diluted net income (loss) per share
 
$
(0.01)
 
$
(0.04)
 
$
(0.02)
 
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes option activity for the year ended December 31, 2013:
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
 
 
 
Average
 
Remaining
 
Aggregate
 
 
 
 
 
Exercise
 
Contractual
 
Intrinsic
 
(in thousands, except per share amounts)
 
Shares
 
Price
 
Term
 
Value
 
Outstanding at January 1, 2012
 
6,842
 
$
133
 
 
 
 
 
 
Exercised
 
(75)
 
 
1.50
 
 
 
 
 
 
Cancelled
 
(35)
 
 
3.29
 
 
 
 
 
 
Outstanding at December 31, 2013
 
6,732
 
$
1.31
 
5.75
 
$
 
Exercisable at December 31, 2013
 
6,728
 
$
1.31
 
5.75
 
$