Share-Based Payments (Tables)

3 Months Ended

Mar. 31, 2018

SOP 2015

Share-Based Payments

Summary of information regarding stock option awards

Stock Option Plan 2015	Options		Weighted average exercise price in $ per share	Aggregate intrinsic value
Outstanding as of January 1, 2018	3,044,899		8.35
Granted	—		—
Exercised	—		—
Forfeited	(29,050	)	7.49
Outstanding as of March 31, 2018	3,015,849		8.35	$	3
Vested and exercisable as of March 31, 2018	1,337,202		7.88	$	1

2017 Share Incentive Plan

Share-Based Payments

Summary of information regarding stock option awards

2017 Plan	Options	Weighted average exercise price in $ per share	Aggregate intrinsic value
Outstanding as of January 1, 2018	294,100	6.92
Granted	1,543,400	6.18
Exercised	—	—
Forfeited	—	—
Outstanding as of March 31, 2018	1,837,500	6.29	$	—
Vested and exercisable as of March 31, 2018	—	—	—

Summary of assumptions used for valuation of options

Input parameters
Range of expected volatility	60.9% - 61.0%
Expected term of options (in years)	6.1
Range of risk-free interest rate	2.6% - 2.7%
Dividend yield	—