Share-Based Compensation

6 Months Ended

Jun. 30, 2019

Share Based Compensation [Abstract]

Disclosure Of Compensation Related Costs Share Based Payments [Text Block]

Note 7 – Share-Based Compensation

The Company recognized the following share-based compensation expense in SG&A in its Condensed Consolidated Statements of Income for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Stock options	$	173	$	266	$	433	$	518
Nonvested stock awards and restricted stock units		440		576		1,138		1,351
Employee stock purchase plan		24		22		47		44
Director stock ownership plan		23		28		54		62
Total share-based compensation expense	$	660	$	892	$	1,672	$	1,975

During the first six months of 2019, the Company granted 3,565 nonvested restricted shares under its long-term incentive plan. The Company had no grants of stock options or restricted stock units during the first six months of 2019. Nonvested restricted shares granted are generally subject only to time vesting, generally over a one to three-year period. The fair value of the nonvested restricted shares granted in the first six months of 2019 is based on the trading price of the Company’s common stock on the date of grant. The Company adjusts the grant date fair value of these awards for expected forfeitures based on historical experience.As of June 30, 2019, unrecognized compensation expense related to stock options granted was $0.8 million, to be recognized over a weighted average remaining period of 1.4 years, unrecognized compensation expense related to the nonvested restricted shares was $1.9 million, to be recognized over a weighted average remaining period of 1.3 years, and unrecognized compensation expense related to nonvested restricted stock units was $0.1 million, to be recognized over a weighted average remaining period of 1.5 years.