Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
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, 2021:

 

    Options     Weighted- Average Exercise Price     Weighted-Average Remaining Contractual Terms   Aggregate Intrinsic Value  
                       
Outstanding at beginning of year     3,624     $ 5.85              
Granted     120       7.77              
Exercised     (129 )     5.55              
Forfeited or expired     -       -              
                             
Outstanding at end of period     3,615     $ 5.92     8 years   $ 7,360  
                             
Exercisable at end of period     1,284     $ 5.67     6.6 years   $ 2,935  

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,  
    2020     2021  
             
Expected volatility     41.5 %     50.2 %
Expected life of options (in years)     6       7  
Risk free interest rate     1.70 %     0.69 %
Dividend yield     0 %     0 %
Weighted-average fair value of options granted during year   $ 2.83     $ 3.81  

Schedule of Non-vested Restricted Stock Activity

A summary of all non-vested restricted stock for the three-month period ended March 31, 2021 is as follows:

 

    Number of Non-Vested Shares     Weighted-Average Grant Date Fair Value  
             
Restricted stock, non-vested, beginning of year     806     $ 5.54  
Granted     416       7.67  
Vested     (122 )     7.04  
Forfeited     (6 )     4.70  
                 
Restricted stock, non-vested, end of period     1,094     $ 6.19  

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, 2021:

 

    Number of Restricted Stock Units     Weighted-Average Grant Date Fair Value  
             
Restricted stock units, non-vested, beginning of year     75     $ 5.60  
Granted     -       -  
Vested     (34 )     5.60  
Forfeited     -       -  
                 
Restricted stock units, non-vested, end of period     41     $ 5.60