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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
The components of stock-based compensation for the three and six months ended June 30, 2017 and 2016 were as follows:
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
Stock options and restricted stock units, net of forfeited
$
1,166

 
$
580

 
$
1,156

 
$
1,041

Tax benefit of stock-based compensation expense

 

 

 

After-tax effect of stock-based compensation (1)
$
1,166

 
$
580

 
$
1,156

 
$
1,041



(1) The increase in stock-based compensation expense is due to
Schedule of Stock Option Activity
Stock option activity for Fuel Tech’s Incentive Plans for the six months ended June 30, 2017 was as follows:
 
 
Number
of
Options
 
Weighted-
Average
Exercise Price
 
Weighted-
Average
Remaining
Contractual
Term
 
Aggregate
Intrinsic
Value
Outstanding on January 1, 2017
 
1,039,750

 
$
8.39

 
 
 
 
Granted
 

 

 
 
 
 
Exercised
 

 

 
 
 
 
Expired or forfeited
 
(50,000
)
 
26.15

 
 
 
 
Outstanding on June 30, 2017
 
989,750

 
$
7.49

 
4.27
 
$

Exercisable on June 30, 2017
 
989,750

 
$
7.49

 
4.27
 
$

Schedule of Nonvested Restricted Stock Units Activity
A summary of restricted stock unit activity for the six months ended June 30, 2017 is as follows:
 
 
Shares
 
Weighted Average
Grant Date
Fair Value
Unvested restricted stock units at January 1, 2017
 
1,463,796

 
$
2.82

Granted
 

 

Forfeited
 
(213,001
)
 
2.99

Vested
 
(981,633
)
 
2.85

Unvested restricted stock units at June 30, 2017
 
269,162

 
$
2.57