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Share-Based Compensation and Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Share-based Compensation Expense by Type of Award

The following table reflects share-based compensation expense by type of award:

 

 

 

Year Ended December 31,

 

 

 

2019

 

 

2018

 

 

2017

 

Share-based compensation expense:

 

 

 

 

 

 

 

 

 

 

 

 

Restricted stock units, including all performance and market

    based awards

 

$

10,421

 

 

$

6,062

 

 

$

5,433

 

Stock options and employee stock purchase options

 

 

164

 

 

 

 

 

 

237

 

Total share-based compensation

 

 

10,585

 

 

 

6,062

 

 

 

5,670

 

Tax effect on share-based compensation

 

 

2,283

 

 

 

1,362

 

 

 

2,052

 

Net effect on net income

 

$

8,302

 

 

$

4,700

 

 

$

3,618

 

Effect on earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.28

)

 

$

(0.18

)

 

$

(0.14

)

Diluted

 

$

(0.28

)

 

$

(0.18

)

 

$

(0.14

)

Summary of Restricted Stock Unit Activity

A summary of the Company’s restricted stock unit activity with respect to the years ended December 31, 2019, 2018 and 2017 follows:

 

 

Number of

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Nonvested at December 31, 2016

 

 

914

 

 

$

15.29

 

Granted

 

 

225

 

 

$

28.23

 

Vested

 

 

(258

)

 

$

14.80

 

Forfeited

 

 

(65

)

 

$

17.14

 

Nonvested at December 31, 2017

 

 

816

 

 

$

18.50

 

Granted

 

 

228

 

 

$

34.80

 

Vested

 

 

(325

)

 

$

17.73

 

Forfeited

 

 

(80

)

 

$

22.12

 

Nonvested at December 31, 2018

 

 

639

 

 

$

24.26

 

Granted

 

 

271

 

 

$

29.58

 

Assumed in Merger

 

 

598

 

 

$

31.43

 

Vested

 

 

(366

)

 

$

25.69

 

Forfeited

 

 

(35

)

 

$

26.44

 

Nonvested at December 31, 2019

 

 

1,107

 

 

$

28.89

 

 

Summary of Stock Option Activity

A summary of the Company’s stock option activity with respect to the years ended December 31, 2019, 2018 and 2017 follows:

 

 

Shares

 

 

Weighted

Average

Exercise

Price

Per Share

 

 

Weighted

Average

Remaining

Contractual

Term (years)

 

 

Aggregate

Intrinsic Value

 

Outstanding at December 31, 2016

 

 

173

 

 

$

12.67

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(114

)

 

 

11.37

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

59

 

 

 

15.20

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(22

)

 

 

15.20

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

37

 

 

$

15.20

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Assumed in Merger

 

 

12

 

 

 

16.27

 

 

 

 

 

 

 

 

 

Exercised

 

 

(2

)

 

 

14.96

 

 

 

 

 

 

 

 

 

Expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

47

 

 

$

15.49

 

 

 

2.4

 

 

$

985

 

Vested or expected to vest at December 31, 2019

 

 

47

 

 

$

15.49

 

 

 

2.4

 

 

$

985

 

Exercisable at December 31, 2019

 

 

47

 

 

$

15.49

 

 

 

2.4

 

 

$

985

 

 

Summary of Options Outstanding and Exercisable in Following Exercise Price Ranges

The options outstanding and exercisable at December 31, 2019 were in the following exercise price ranges:

 

 

 

Options Outstanding

 

 

Options Exercisable

 

Range of Exercise Prices

 

Shares

 

 

Weighted

Average

Remaining

Contractual

Life (years)

 

 

Weighted

Average

Exercise Price

 

 

Shares

 

 

Weighted

Average

Exercise Price

 

$14.08 - $14.08

 

 

1

 

 

 

0.7

 

 

$

14.08

 

 

 

1

 

 

$

14.08

 

$15.20 - $15.20

 

 

35

 

 

 

3.0

 

 

$

15.20

 

 

 

35

 

 

$

15.20

 

$15.61 - $18.22

 

 

9

 

 

 

0.5

 

 

$

16.37

 

 

 

9

 

 

$

16.37

 

$18.79 - $18.79

 

 

1

 

 

 

1.2

 

 

$

18.79

 

 

 

1

 

 

$

18.79

 

$14.08 - $18.79

 

 

47

 

 

 

2.4

 

 

$

15.49

 

 

 

47

 

 

$

15.49