Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2017

The activity in the Director Plan is displayed in the following table:



Authorized Shares Available for Future Award Grants	Three Months Ended March 31, 2017	From Inception to March 31, 2017
Beginning balance	74,771	300,000
Number of awards granted	—	(249,232	)
Number of awards forfeited or expired	—	24,003
Ending balance	74,771	74,771
Number of option awards exercised	1,727	54,200
Number of restricted stock awards vested	—	31,556

The activity in the Stock Plan is displayed in the following table:



Authorized Shares Available for Future Award Grants	Three Months Ended March 31, 2017		From Inception to March 31, 2017
Beginning balance	1,248,651		1,900,000
Additional shares authorized	—		1,500,000
Number of awards granted	(253,895	)	(2,866,461	)
Number of awards forfeited or expired	3,228		464,445
Ending balance	997,984		997,984
Number of option awards exercised	45,037		994,105
Number of unrestricted stock awards granted	—		7,325
Number of restricted stock awards vested	—		36,970

Remaining Stock-Based Compensation Expense

We expect this compensation to be recognized over the remainder of 2017 and subsequent years according to the table below, except with respect to awards that are accelerated by the Board of Directors, in which case we will recognize any remaining compensation expense in the period in which the awards are accelerated.



2017	$	3,250
2018	3,785
2019	2,718
2020	1,111
2021	393
2022	40
Total	$	11,297