SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2023

SHAREHOLDERS' EQUITY

Summary of the stock option activity and related information

The following is a summary of the Company’s stock option activity and related information for the year ended December 31, 2023:

				Weighted
				average
		Weighted		remaining
		average		contractual	Aggregate
	Number	exercise		term (in	intrinsic
	of options	price		years)	value
Options outstanding at beginning of year	361,343	$	10.74	2.54	$	2,786
Changes during the year:
Granted	20,000	$	10.90
Exercised	(115,543)	$	6.95
Forfeited	(500)	$	11.61
Options outstanding at end of year	265,300	$	12.40	2.48	$	450
Options exercisable at end of year	234,925	$	11.99	2.05	$	427

Schedule of options for employees outstanding have been separated into ranges of exercise prices

The options for employees outstanding as of December 31, 2023 have been separated into ranges of exercise prices, as follows:

		Number of	Weighted			Number of
		options	average			options	Weighted
		outstanding	remaining	Weighted		exercisable	average
Range of		as of	contractual	average		as of	exercise price
exercise		December 31,	life (in	exercise		December 31,	of exercisable
price		2023	years)	price		2023	options
$	5.00-6.62	4,125	0.26	$	6.18	4,125	$	6.18
$	7.08-10.9	132,800	2.34	$	9.05	112,800	$	8.72
$	11.52-30.76	128,375	2.70	$	16.06	118,000	$	15.32
		265,300	2.48	$	12.40	234,925	$	11.99

Summary of the RSU activity and related information

The following is a summary of the Company’s RSU activity and related information for the year ended December 31, 2023:

		Weighted
	Number of	average grant
	shares	date fair value
RSUs outstanding at beginning of year	1,186,809	$	27.76
Changes during the year:
Granted	589,042	$	11.19
Vested	(497,597)	$	26.85
Forfeited	(46,375)	$	23.87
RSUs outstanding at end of year	1,231,879	$	20.35