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Shareholders' Equity
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Shareholders' Equity

8. Shareholders’ Equity

Common Stock

The activity related to common shares outstanding is as follows:

 

 

Years Ended December 31,

 

 

 

2020

 

 

2019

 

Beginning of year

 

 

18,611,289

 

 

 

18,271,249

 

Issuance of common stock on exercise of stock options

 

 

19,606

 

 

 

73,680

 

Restricted stock awards, net of cancellations

 

 

202,748

 

 

 

189,578

 

Director share awards

 

 

60,998

 

 

 

79,918

 

Equity awards under Short-Term Incentive Plan

 

 

189,121

 

 

 

0

 

Issuance of common stock from purchase of Employee Stock

   Purchase Plan shares

 

 

157,706

 

 

 

180,859

 

Cancellation of stock for withholding tax for vested shares

 

 

(148,499

)

 

 

(183,995

)

Common stock Repurchases

 

 

(663,619

)

 

 

0

 

End of Year

 

 

18,429,350

 

 

 

18,611,289

 

.

 

Preferred Stock

The Company is authorized to issue up to 5,000,000 shares of preferred stock in one or more series, each with a par value of $0.001 per share.  As of December 31, 2020, and 2019, no shares of preferred stock were issued or outstanding.