Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Schedule of Stock Options Activity

A summary of the status of the Company’s stock options as of December 31, 2017, 2018 and 2019 and changes during the years then ended, is presented below:

 

    2017     2018     2019  
          Weighted -           Weighted -           Weighted -  
          Average           Average           Average  
    Number of     Exercise     Number of     Exercise     Number of     Exercise  
    Shares     Price     Shares     Price     Shares     Price  
                                     
Outstanding at beginning of year     1,243     $ 5.08       1,290     $ 5.33       1,220     $ 5.37  
Share-based payments assumed     -       -       -       -       127       4.35  
Granted     350       6.00       120       6.41       2,829       5.99  
Exercised     (271 )     4.72       (169 )     5.73       (59 )     3.79  
Forfeited or expired     (32 )     8.26       (21 )     5.96       (39 )     6.22  
                                                 
Outstanding at end of year     1,290     $ 5.33       1,220     $ 5.37       4,078     $ 5.79  
                                                 
Exercisable at end of year     667     $ 5.11       695     $ 5.07       847     $ 5.71  

Summary of Stock Option Information by Exercise Price Range

The following table summarizes information about stock options at December 31, 2019:

 

    Options Outstanding     Options Exercisable  
          Weighted -                    
          Average                    
          Remaining     Weighted-           Weighted-  
Exercise   Number     Contractual     Average     Number     Average  
Prices ($)   Outstanding     Life in Years     Exercise Price     Outstanding     Exercise Price  
                               
2.06 - 4.87     393       5     $ 4.20       242     $ 4.10  
4.88 - 5.70     235       5       5.37       199       5.41  
5.71 - 5.97     1,652       9       5.86       213       5.81  
5.98 - 6.90     1,798       9       6.11       193       6.06  
                                         
      4,078           8     $ 5.79       847     $ 5.71  

Schedule of Options Outstanding and Exercisable

    As of December 31, 2019  
          Weighted Average Remaining  
    Aggregate Intrinsic Value     Contractual Life in Years  
             
Options outstanding   $ 503       8  
Options exercisable   $ 339       7  

Schedule of Fair Value Stock Option Assumptions

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions:

 

    December 31,  
    2017     2018     2019  
                   
Expected volatility     42.4 %     42.8 %     42.11 %
Expected life of options     4.0 years       4.4 years       6.7 years  
Risk free interest rate     1.69 %     2.72 %     1.64 %
Dividend yield     0 %     0 %     0 %
Weighted-average fair value of options granted during the year   $ 2.11     $ 2.46     $ 2.2  

Schedule of Non-vested Restricted Stock Activity

The fair value of each share is based on the Company’s closing stock price on the date of the grant. A summary of the non-vested shares for the years ended December 31, 2017, 2018 and 2019 is as follows:

 

          Weighted -  
          Average  
    Number of     Grant  
    Non-vested     Date  
    Shares     Fair Value  
             
Non-vested at January 1, 2017     392     $ 5.45  
Granted     240       6.26  
Vested     (194 )     5.42  
Forfeited     (8 )     5.69  
                 
Non-vested at December 31, 2017     430     $ 5.91  
Granted     434       7.02  
Vested     (266 )     6.07  
Forfeited     (30 )     6.54  
                 
Non-vested at December 31, 2018     568     $ 6.65  
Granted     625       5.82  
Vested     (276 )     6.40  
Forfeited     (40 )     5.88  
                 
Non-vested at December 31, 2019     877     $ 6.17  

Restricted Stock Units (RSUs) [Member]  
Schedule of Non-vested Restricted Stock Activity

The Company also grants restricted stock units (RSUs) to employees. The following table summarizes the activity relating to the Company’s restricted stock units for the year ended December 31, 2019:

 

          Weighted-  
    Number of     Average  
    Restricted     Grant Date  
    Stock Units     Fair Value  
             
Pointer share-based payments assumed     260     $ 5.60  
Vested     (7 )     5.60  
Forfeited     -       -  
                 
Restricted stock units, non-vested, December 31, 2019     253     $ 5.60  

Performance Shares [Member]  
Schedule of Non-vested Restricted Stock Activity

The following table summarizes the activity relating to the Company’s performance shares for the years ended December 31, 2016, 2017 and 2018:

 

          Weighted-  
    Number of     Average  
    Non-vested     Grant Date  
    Shares     Fair Value  
             
Performance shares, non-vested, at January 1, 2017     261       4.07  
Granted     -     $ -  
Vested     (100 )     4.07  
Forfeited     (50 )     4.07  
Performance shares, non-vested, at December 31, 2017     111       4.07  
Granted     -     $ -  
Vested     (93 )     4.07  
Forfeited     (18 )     4.07  
Performance shares, non-vested, at December 31, 2018     -       -  
Granted     -     $ -  
Vested     -       -  
Forfeited     -       -  
                 
Performance shares, non-vested, December 31, 2019     -     $ -