Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Valuation Assumptions for Options

The fair value of options at the date of the grant was estimated using the Black-Scholes model with the following assumptions for the respective period ending March 31, 2020:

	March 31, 2020
Expected option life	4.4 years
Weighted average risk-free interest rate	0.4		%
Weighted average expected volatility	47		%
Expected dividend yield	0		%
Fair value of options granted	$	4.87

Summary of Stock Option Activity

A summary of stock option activity for the three months ended March 31, 2020:

(in thousands)	Options Outstanding		Weighted Average Exercise Price
Outstanding at January 1, 2020	410		14.50
Granted	587		12.64
Exercised	(2	)	11.66
Canceled/forfeited	(44	)	—
Outstanding at March 31, 2020	951		13.40

Summary of Restricted Stock and RSU Awards Activity

A summary of non-vested restricted stock activity for the three months ended March 31, 2020:

(in thousands)	Restricted Stock Awards		Weighted Average Award Value
Outstanding at Balance at January 1, 2020	171		23.53
Granted	21		29.19
Vested	(122	)	25.82
Forfeited and cancelled	(38	)	14.97
Outstanding at March 31, 2020	32		28.73

A summary of non-vested restricted stock units ("RSU") activity for the three months ended March 31, 2020:

(in thousands)	RSU Awards	Weighted Average Award Value
Outstanding at Balance at January 1, 2020	—	—
Granted	360	12.64
Vested	—	—
Forfeited and cancelled	—	—
Outstanding at March 31, 2020	360	12.64