Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Schedule of Stock Options Activity

The following table summarizes the activity relating to the Company’s stock options for the six-month period ended June 30, 2020:

 

December 31, 2019   Options     Weighted-
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Term
    Aggregate
Intrinsic
Value
 
                         
Outstanding at beginning of year     4,078     $ 5.79                  
Granted     1,160       6.10                  
Exercised     (140 )     4.28                  
Forfeited or expired     (1,305 )     6.04                  
                                 
Outstanding at end of period     3,793     $ 5.85       9 years     $ 161  
                                 
Exercisable at end of period     925     $ 5.64       6 years     $ 56  

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:

 

    June 30,  
    2019     2020  
             
Expected volatility     24.2 %     44.7 %
Expected life of options (in years)     3       6  
Risk free interest rate     1.41 %     1.17 %
Dividend yield     0 %     0 %
Weighted average fair value of options granted during the period   $ 2.72     $ 2.58  

Schedule of Non-vested Restricted Stock Activity

A summary of all non-vested restricted stock for the three-month period ended June 30, 2020 is as follows:

 

    Number of Non-vested Shares     Weighted-
Average Grant Date Fair Value
 
             
Restricted stock, non-vested, beginning of year     877     $ 6.17  
Granted     318       4.97  
Vested     (252 )     6.16  
Forfeited     (50 )     6.24  
                 
Restricted stock, non-vested, end of period     893     $ 5.75  
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 June 30, 2020:

 

    Number of Restricted Stock Units     Weighted-
Average Grant Date Fair Value
 
             
Restricted stock units, non-vested, beginning of year     253     $ 5.60  
Granted     -       -  
Vested     (127 )     5.60  
Forfeited     (5 )     5.60  
                 
Restricted stock units, non-vested, end of period     121     $ 5.60