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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [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, 2019 and 2018:

 

 

2019

 

 

2018

 

Expected volatility

 

 

40

%

 

 

31

%

Dividend rate

 

0%

 

 

0%

 

Expected term (in years)

 

3.55

 

 

3.55

 

Risk-free rate

 

 

1.63

%

 

 

2.65

%

Information About Stock Options Outstanding and Exercisable

The following table summarizes information about stock options outstanding and exercisable at December 31, 2019:

 

 

Number of

Shares

Outstanding

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Grant Date

Fair Value

 

 

Weighted

Average

Remaining

Term

(in years)

 

 

Aggregate Intrinsic

Value

(in thousands)

 

Option Balances at December 31, 2018

 

 

153,877

 

 

$

4.75

 

 

$

1.18

 

 

 

2.0

 

 

$

208

 

Options Granted

 

 

25,000

 

 

 

12.72

 

 

 

4.02

 

 

 

 

 

 

 

 

 

Options Exercised

 

 

(96,748

)

 

 

4.68

 

 

 

1.26

 

 

 

 

 

 

 

 

 

Options Forfeited

 

 

(3,750

)

 

 

3.90

 

 

 

0.89

 

 

 

 

 

 

 

 

 

Option Balances at December 31, 2019

 

 

78,379

 

 

$

7.43

 

 

$

2.00

 

 

 

2.7

 

 

$

593

 

Options Exercisable at December 31, 2019

 

 

45,317

 

 

$

4.74

 

 

$

1.02

 

 

 

1.4

 

 

$

465