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Note 20 - Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Restricted Stock Unit Activity

The following table summarizes information about restricted stock unit activity for the nine months ended September 30, 2020:

 

 

 

Number of

Restricted

Stock Units

 

 

Weighted-Average

Grant Date

Fair Values

 

Outstanding on December 31, 2019

 

 

721,801

 

 

$

3.25

 

Granted

 

 

351,909

 

 

$

2.91

 

Vested

 

 

692,751

 

 

$

3.05

 

Outstanding on September 30, 2020

 

 

380,959

 

 

$

3.31

 

Stock Option Activity

The following table summarizes information about stock option activity for the nine months ended September 30, 2020:

 

 

 

Shares

Under

Option

 

 

Weighted Average

Exercise

Price

Per Share

 

 

Weighted Average

Remaining

Contractual Life

(Years)

 

Aggregate

Intrinsic

Value

($ millions)

 

Outstanding on December 31, 2019

 

 

6,843,079

 

 

$

10.96

 

 

 

 

 

 

 

Granted

 

 

2,917,464

 

 

$

5.86

 

 

 

 

 

 

 

Exercised

 

 

2,019,187

 

 

$

14.51

 

 

 

 

 

 

 

Forfeited

 

 

27,075

 

 

$

12.50

 

 

 

 

 

 

 

Outstanding on September 30, 2020

 

 

7,714,281

 

 

$

8.09

 

 

5.09

 

$

23

 

Exercisable on September 30, 2020

 

 

6,858,431

 

 

$

8.49

 

 

4.91

 

$

19

 

Expected to vest September 30, 2020

 

 

855,850

 

 

$

4.91

 

 

6.52

 

$

4

 

Valuation of Option Grants

The following inputs were used in the Black-Scholes valuation of option grants issued in each period:

 

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2020

 

 

2019

 

Weighted-average fair value of options granted

 

$

1.50

 

 

$

1.73

 

Risk-free interest rate

 

2.43%

 

 

2.47%

 

Expected option lives

 

3.7 years

 

 

4.5 years

 

Expected volatility

 

98%

 

 

90%

 

Expected dividend yield

 

0.00%

 

 

0.00%

 

The following inputs were used in the lattice-based valuation of the July 27, 2020 option grants:

 

 

 

July 27, 2020

 

 

 

Option Awards

 

Weighted-average fair value of options granted

 

$

6.57

 

Range of risk-free interest rates

 

0.11% -0.30%

 

Weighted-average term

 

5.57 years

 

Weighted-average volatility

 

98%

 

Weighted-average expected dividend yield

 

0.00%