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Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Stock-Based Compensation  
Schedule of Share-based Compensation, Stock Options, Activity

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Shares

    

Weighted
Average Exercise
Price (per share)

    

Weighted Average
Remaining
Contractual Term
(in years)

    

Aggregate
Intrinsic
Value
(thousands)

 

Outstanding as of December 31, 2017

 

6,245,001

 

$

7.23

 

4.68

 

$

4,040

 

Granted

 

505,500

 

 

5.41

 

 -

 

 

 

 

Exercised

 

(1,412,926)

 

 

3.13

 

 -

 

 

 

 

Expired

 

(73)

 

 

4.60

 

 -

 

 

 

 

Forfeited

 

(77,667)

 

 

3.44

 

 -

 

 

 

 

Outstanding as of December 31, 2018

 

5,259,835

 

$

8.21

 

4.82

 

$

1,396

 

Granted

 

470,000

 

 

3.78

 

 -

 

 

 

 

Exercised

 

(274,750)

 

 

3.95

 

 -

 

 

 

 

Expired

 

(780,250)

 

 

5.62

 

 -

 

 

 

 

Forfeited

 

(110,100)

 

 

4.55

 

 -

 

 

 

 

Outstanding as of December 31, 2019

 

4,564,735

 

$

8.54

 

5.09

 

$

4,513

 

 

 

 

 

 

 

 

 

 

 

 

 

Vested and exercisable as of December 31, 2019

 

4,013,994

 

$

9.09

 

4.58

 

$

3,783

 

 

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding

 

Exercisable

 

Range of Exercise Prices

    

Number of

Options

    

Weighted Average
Remaining
Contractual Term
(in years)

    

Weighted
Average Exercise
Price (per share)

    

Number of
Options

    

Weighted
Average Exercise
Price (per share)

 

$0.00 - $6.25

 

2,169,335

 

7.28

 

$

3.46

 

1,757,998

 

$

3.39

 

$6.25  -$12.50

 

1,025,400

 

3.84

 

$

8.35

 

885,996

 

$

8.58

 

$12.50 - $18.75

 

1,250,000

 

2.78

 

$

16.37

 

1,250,000

 

$

16.37

 

$18.75 - $25.00

 

120,000

 

0.16

 

$

20.51

 

120,000

 

$

20.51

 

 

 

4,564,735

 

5.09

 

$

8.54

 

4,013,994

 

$

9.09

 

 

Schedule of Assumptions Used to Determine the Value of our Stock-based Awards

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

 

    

2019

    

2018

    

2017

 

 

Risk-free interest rate

 

2.20

%

2.72

%

1.94

%

 

Dividend yield

 

0.53

%

0.40

%

0.53

%

 

Expected volatility

 

62.76

%

67.11

%

67.70

%

 

Expected life in years

 

 5

 

 5

 

 5

 

 

 

Schedule of RSU activity under the Incentive Plan

 

 

 

 

 

 

 

 

 

 

    

Shares

    

Aggregate
Intrinsic
Value
(thousands)

    

Weighted Average
Remaining
Contractual Term
(in years)

    

Nonvested as of December 31, 2017

 

209,283

 

$

920

 

1.91

 

Granted

 

120,002

 

 

 

 

 -

 

Vested

 

(89,921)

 

 

 

 

 -

 

Expired

 

 -

 

 

 

 

 -

 

Forfeited

 

(16,610)

 

 

 

 

 -

 

Nonvested as of December 31, 2018

 

222,754

 

$

891

 

1.77

 

Granted

 

310,870

 

 

 

 

 -

 

Vested

 

(121,060)

 

 

 

 

 -

 

Expired

 

 -

 

 

 

 

 -

 

Forfeited

 

(11,329)

 

 

 

 

 -

 

Nonvested as of December 31, 2019

 

401,235

 

$

2,223

 

8.00

 

 

Stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31, 

 

 

2019

 

2018

 

2017

 

 

(in thousands)

Stock options

 

$

1,458

 

$

993

 

$

829

Restricted stock units

 

 

474

 

 

504

 

 

363

Total

 

$

1,932

 

$

1,497

 

$

1,192