Share-Based Payments (Tables)

6 Months Ended

Jun. 30, 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	(117,879	)	8.05
Outstanding as of June 30, 2018	2,927,020		8.36	$	—
Vested and exercisable as of June 30, 2018	1,485,557		7.98	$	—

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	1,717,400		6.04
Exercised	—		—
Forfeited	(42,000	)	6.92
Outstanding as of June 30, 2018	1,969,500		6.16	$	—
Vested and exercisable as of June 30, 2018	—		—	—

Summary of assumptions used for valuation of options

Input parameters
Range of expected volatility	60.0% - 61.0%
Expected term of options (in years)	6.0
Range of risk-free interest rate	2.6% - 2.9%
Dividend yield	—