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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Option Activity Under Company's Plans

A summary of the stock option activity under the Company’s plans for the nine months ended September 30, 2020 is presented below:

 

Year-to-Date Activity

 

Options

Outstanding

 

 

Weighted-

Average

Exercise Price

Per Share

 

 

Weighted-

Average

Remaining

Contractual

Term in

Years

 

 

Aggregate

Intrinsic

Value

 

Options outstanding at December 31, 2019

 

 

140,000

 

 

$

13.14

 

 

 

 

 

 

 

 

 

Granted

 

 

25,000

 

 

$

29.64

 

 

 

 

 

 

 

 

 

Exercised

 

 

(37,500

)

 

$

12.28

 

 

 

 

 

 

$

1,036

 

Forfeited

 

 

(5,000

)

 

$

29.64

 

 

 

 

 

 

 

 

 

Cancelled

 

 

 

 

$

 

 

 

 

 

 

 

 

 

Options outstanding at September 30, 2020

 

 

122,500

 

 

$

16.10

 

 

 

6.06

 

 

$

3,413

 

Options exercisable at September 30, 2020

 

 

102,500

 

 

$

13.45

 

 

 

5.35

 

 

$

3,127

 

Options vested or expected to vest at September 30, 2020

 

 

121,302

 

 

$

15.96

 

 

 

6.02

 

 

$

3,396

 

 

Summary of Restricted Stock Unit Activity Under Company's Plans

Restricted stock units 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 activity under the Company’s plans for the nine months ended September 30, 2020 is presented below:

 

Year-to-Date Activity

 

Shares

 

 

Weighted-

Average

Grant Date

Fair Value

Per Share

 

 

Aggregate

Intrinsic

Value

 

Nonvested outstanding at December 31, 2019

 

 

1,301,130

 

 

$

21.82

 

 

 

 

 

Granted

 

 

891,712

 

 

$

34.67

 

 

 

 

 

Vested

 

 

(709,842

)

 

$

19.96

 

 

 

 

 

Forfeited

 

 

(17,500

)

 

$

25.61

 

 

 

 

 

Nonvested outstanding at September 30, 2020

 

 

1,465,500

 

 

$

30.49

 

 

$

64,423