Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2016

Stock-Based Compensation [Abstract]

Summary of inputs to option valuation model for options granted

The following table summarizes the inputs to the option valuation model for the options granted during the years ended December 31, 2016 and 2015:

	2016			2015
Expected volatility		31	%		32% – 50	%
Dividend rate		0	%		0	%
Expected term (in years)		3.25 – 3.55			3.55
Risk-free rate		0.92% – 1.49	%		1.06% – 1.25	%
Forfeiture rate		0% – 25	%		0% – 10	%

Information about stock options outstanding and exercisable

The following table summarizes information about stock options outstanding and exercisable at December 31, 2016 as well as activity during the year then ended:

	Number of Stock Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at December 31, 2015		194,726			9.27			$	—
Granted during 2016		64,442			4.61				—
Exercised during 2016		—			—				—
Forfeited during 2016		(82,824	)		14.94				—
Expired during 2016		—			—				—
Outstanding at December 31, 2016		176,344		$	4.90		3.4	$	—
Exercisable at December 31, 2016		79,733		$	5.06		2.8	$	—

The weighted-average grant-date fair value of options granted during the years 2016 and 2015 was $1.04 and $0.99, respectively. As of December 31, 2016, there was approximately $56,000 of total unrecognized compensation expense related to unvested share-based compensation arrangements.

Restricted stock grants outstanding and activity

The following table summarizes information about the Company's unvested stock awards as of December 31, 2016, as well as activity during the year then ended:

	Number of Stock Awards			Weighted Average Grant Date Fair Value
Unvested at December 31, 2015		845		$	5.81
Granted during 2016		11,952			5.02
Vested during 2016		(12,797	)		5.07
Forfeited during 2016		—			—
Unvested at December 31, 2016		—		$	—

As of December 31, 2016, there were no unvested share-based compensation arrangements granted under the Amended and Restated 2011 Incentive Plan. The total fair value of shares vested during the year ended December 31, 2016, was approximately $65,000.