Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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

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

 

 

    Options     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Term   Aggregate Intrinsic Value  
                       
Outstanding at beginning of year     4,078     $ 5.79              
Granted     1,155       6.10              
Exercised     (145 )     4.33              
Forfeited or expired     (1,402 )     6.03              
                             
Outstanding at end of period     3,686     $ 5.85     8 years   $ 1,884  
                             
Exercisable at end of period     994     $ 5.57     6 years   $ 780  
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:

 

    September 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 nine-month period ended September 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     444       4.82  
Vested     (284 )     6.16  
Forfeited     (101 )     6.08  
                 
Restricted stock, non-vested, end of period     936     $ 5.55  
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 September 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     (131 )     5.60  
Forfeited     (28 )     5.60  
                 
Restricted stock units, non-vested, end of period     94     $ 5.60