STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2020

STOCK-BASED COMPENSATION

Schedule of stock-based compensation expense

Stock-based compensation expense is included in the consolidated statements of income as follows:

	Year Ended December 31,
(In thousands)	2020		2019		2018
General and administrative	$	1,698	$	2,056	$	3,233

Schedule of stock-based compensation expense included in the consolidated statements of operations by award type

Stock-based compensation expense included in the consolidated statements of income by award type is as follows:

	Year Ended December 31,
(In thousands)	2020		2019		2018
Stock options	$	242	$	—	$	305
RSUs		1,149		1,431		1,650
RSAs		273		615		1,920
Market-based RSUs (PSUs)		—		—		(224)
Market-based RSAs (PSAs)		—		—		(464)
ESPP		34		10		46
Total stock-based compensation expense	$	1,698	$	2,056	$	3,233

Schedule of unrecognized stock-based compensation cost

As of December 31, 2020, the unrecognized stock-based compensation cost and the estimated weighted-average amortization period were as follows:

	Unrecognized		Weighted-Average
	Compensation		Amortization
(In thousands)	Cost		Period (Years)
Stock options	$	1,328	3.4
RSUs		351	0.3
RSAs		369	2.4
Total unrecognized compensation cost	$	2,048

Summary of equity award activity and related information

The following table summarizes equity award activity under the 2012 Plan and prior plans and related information:

		Weighted-
		Average			Weighted-			Weighted-
		Exercise			Average			Average
	Number of	Price of		Number of	Fair Value		Number of	Fair Value
	outstanding	Outstanding		outstanding	per Share		outstanding	per Share
(In thousands, except per share data)	options	Options		RSUs	at Grant		RSAs	at Grant
Balance as of December 31, 2019	1,087	$	24.18	94	$	13.94	78	$	14.46
Granted	250		14.10	85		13.30	31		14.30
Exercised	(30)		12.30	—		—	—		—
Released RSUs/RSAs	—		—	(94)		13.94	(28)		13.92
Forfeited	(152)		24.43	—		—	(51)		14.56
Balance as of December 31, 2020	1,155		22.28	85		13.30	30		14.61

Summary of weighted-average assumptions used to calculate estimated value of stock options

The weighted-average assumptions used in calculating the estimated value of our stock options on the date of grant as follows:

	Year Ended
	December 31, 2020
Risk-free interest rate		0.4	%
Expected term (in years)		6.11
Volatility		46.9	%
Dividend yield		0	%
Weighted-average estimated fair value of stock options granted	$	6.28