Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2020
Schedule of Stock Options Activity

The following table summarizes the activity relating to the Company’s stock options for the three-month period ended March 31, 2020:

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Term     Value  
                         
Outstanding at beginning of year     4,078     $ 5.79                  
Granted     88       6.62                  
Exercised     (90 )     4.27                  
Forfeited or expired     (63 )     6.03                  
                                 
Outstanding at end of period     4,013     $ 5.83       8 years     $ 9,133  
                                 
Exercisable at end of period     1,159     $ 5.57       65 years     $ 2,943  

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:

 

    March 31,  
    2019     2020  
             
Expected volatility     42.1 %     41.5 %
Expected life of options (in years)     6       6  
Risk free interest rate     2.5 %     1.7 %
Dividend yield     0 %     0 %
Weighted average fair value of options granted during the period     2.67     $ 2.83  

Schedule of Non-vested Restricted Stock Activity

A summary of all non-vested restricted stock for the three-month period ended March 31, 2020 is as follows:

 

          Weighted-  
    Number of     Average  
    Non-vested     Grant Date  
    Shares     Fair Value  
             
Restricted stock, non-vested, beginning of year     877     $ 6.17  
Granted     41       6.84  
Vested     (170 )     6.41  
Forfeited     (33 )     6.40  
                 
Restricted stock, non-vested, end of period     715     $ 6.15  

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

The following table summarizes the activity relating to the Company’s restricted stock units for the three-month period ended March 31, 2020:

 

          Weighted-  
    Number of     Average  
    Restricted     Grant Date  
    Stock Units     Fair Value  
             
Restricted stock, non-vested, beginning of year     253     $ 5.60  
Vested     (110 )     5.60  
Forfeited     -       -  
                 
Restricted stock units, non-vested, end of period     143     $ 5.60