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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock options, valuation assumptions
The fair value of the options was estimated at the date of grant using the following assumptions:
Expected volatility
 
45
%
Expected dividends
 
$

Expected term (in years)
 
6.25

Risk free rate
 
1.83
%
The fair value of the options was estimated at the date of grant using the following assumptions:
Expected volatility
 
55
%
Expected dividends
 
$

Expected term (in years)
 
5.8

Risk free rate
 
1.22
%
The fair value of the options was estimated at the date of grant using the following assumptions:

Expected volatility
 
45
%
Expected dividends
 
$

Expected term (in years)
 
6.25

Risk free rate
 
1.35
%
The fair value of each stock option award granted is estimated on the date of grant using the Black- Scholes option-pricing model. The fair value of the options was estimated at the date of grant using the following assumptions:
Expected volatility
 
18
%
Expected dividends
 
$

Expected term (in years)
 
6.25

Risk free rate
 
2.23
%
Schedule of stock options, activity

          A summary of the stock option activity for the nine months ended September 30, 2017 and the year ended December 31, 2016, is presented below.

 
 
Number
of Shares
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Grant-Date
Fair Value
Outstanding at January 1, 2016
 
3,485,791

 
$
3.96

 
$
1.77

Granted
 
1,274,549

 
$
2.25

 
$
1.77

Exercised
 

 
$

 
$

Forfeited
 
(114,456
)
 
$
3.96

 
$
1.77

Expired
 

 
$

 
$

Canceled
 

 
$

 
$

Outstanding at December 31, 2016
 
4,645,884

 
$
3.49

 
$
1.77

Exercisable at December 31, 2016
 
2,354,466

 
$
3.77

 
$
1.77

 
 
 
 
 
 
 
Outstanding at January 1, 2017
 
4,645,884

 
$
3.49

 
$
1.77

Granted
 
793,738

 
$
14.00

 
$
3.35

Exercised
 
(226,194
)
 
$
3.96

 
$
1.77

Forfeited
 
(5,148
)
 
$
14.00

 
$
3.35

Expired
 

 
$

 
$

Canceled
 
(571,927
)
 
$
3.96

 
$
1.77

Outstanding at September 30, 2017
 
4,636,353

 
$
5.20

 
$
2.04

Exercisable at September 30, 2017
 
3,847,763

 
$
3.39

 
$
1.77

Schedule of RSUs, activity
The following table summarizes RSUs activity during the nine months ended September 30, 2017:


 
Number of
Shares
 
Weighted
Average
Grant Date
Fair Value
Outstanding at January 1, 2017
 
372,335

 
$
3.89

Granted
 
691,585

 
$
13.65

Vested
 

 
$

Exercised
 

 
$

Forfeited
 
(1,170
)
 
$
13.65

Expired
 

 
$

Canceled
 
(372,335
)
 
$
3.89

Outstanding at September 30, 2017
 
690,415

 
$
13.65

Schedule of performance shares, activity
The following table summarizes information about the performance stock units that were outstanding at September 30, 2017:
Period
Granted
 
Target Shares
Outstanding at
Beginning
of Period
 
Target
Shares
Granted
 
Target Shares Vested
 
Target
Shares
Forfeited
 
Target Shares
Outstanding
at End
of Period
 
Weighted
Average
Grant Date
Fair Value per
Share
2017
 

 
169,635

 

 

 
169,635

 
$
10.73

 
 
 
 
 
 
 
 
 
 
 
 
 
Total
 

 
169,635

 

 

 
169,635