Public Offering

12 Months Ended

Dec. 31, 2019

Equity [Abstract]

Public Offering

NOTE 13. PUBLIC OFFERING

On May 15, 2017, the Company closed an underwritten public offering (the “Public Offering”) of 2,750,000 shares of its common stock at a public offering price of $28.85 per share with underwriting discounts and commissions of $1.73 per share. In connection with the Public Offering, the Company granted the underwriters of the Public Offering a 30-day option to purchase up to an additional 412,500 shares of its common stock at the public offering price, less the underwriting discounts and commissions. On June 8, 2017, the underwriters partially exercised their option to purchase an additional 335,484 shares of common stock. The underwriters’ partial exercise of their option to purchase additional shares resulted in a total of 3,085,484 shares of common stock sold in the Public Offering and total gross proceeds of $89.0 million less underwriting discounts, commissions and other costs of $5.8 million, for net proceeds of $83.2 million to the Company.