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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Fair Values of Options Granted Estimated Using Weighted-Average Assumptions

The Company uses the Black-Scholes option pricing model to calculate the grant-date fair value of an award. The Company calculated the fair values of the options granted using the following estimated weighted-average assumptions:

 

 

 

Years Ended December 31,

 

 

 

2018

 

 

2017

 

 

2016

 

Expected volatility

 

 

39

%

 

 

43

%

 

 

46

%

Expected term

 

6 years

 

 

6 years

 

 

6 years

 

Risk-free interest rate

 

 

2.82

%

 

 

1.87

%

 

 

1.90

%

Expected dividend yield

 

 

%

 

 

%

 

 

%

Weighted-average grant date fair value per share

 

$

11.94

 

 

$

4.61

 

 

$

3.91

 

 

Summary of Stock Option Activity Under Company's Stock Option Plans

A summary of the stock option activity under the Company’s stock option plans for the year ended December 31, 2018 is presented below:

 

  

 

Options

Outstanding

 

 

Weighted-Average

Exercise

Price Per Share

 

 

Weighted-Average

Remaining

Contractual

Term

in Years

 

 

Aggregate

Intrinsic

Value

 

Options outstanding at December 31, 2017

 

 

344,090

 

 

$

6.41

 

 

 

 

 

 

 

 

 

Granted

 

 

20,000

 

 

 

28.42

 

 

 

 

 

 

 

 

 

Exercised

 

 

(178,090

)

 

 

5.64

 

 

 

 

 

 

$

2,704

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Canceled

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2018

 

 

186,000

 

 

$

9.50

 

 

 

4.32

 

 

$

828

 

Options exercisable at December 31, 2018

 

 

166,000

 

 

$

7.22

 

 

 

3.70

 

 

$

828

 

Options vested or expected to vest at

   December 31, 2018

 

 

184,108

 

 

$

9.31

 

 

 

4.26

 

 

$

828

 

Summary of Restricted Stock Unit Award Activity Under Company's Plans

Restricted stock unit awards are valued at the market price of a share of the Company’s common stock on the date of the grant. A summary of the restricted stock unit award activity under the Company’s plans for the year ended December 31, 2018 is presented below:

 

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

Per Share

 

 

Aggregate

Intrinsic

Value

 

Nonvested outstanding at December 31, 2017

 

 

1,414,000

 

 

$

9.37

 

 

 

 

 

Granted

 

 

542,202

 

 

 

27.59

 

 

 

 

 

Vested

 

 

(752,941

)

 

 

9.26

 

 

 

 

 

Forfeited

 

 

(6,000

)

 

 

9.57

 

 

 

 

 

Nonvested outstanding at December 31, 2018

 

 

1,197,261

 

 

$

17.69

 

 

$

14,619