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Stock-Based Compensation
6 Months Ended
Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock-Based Compensation
14. Stock-Based Compensation

The Company grants restricted stock awards and stock options pursuant to a stockholder approved stock-based incentive plan.

The following table summarizes the Company’s stock option and restricted stock award activity during the six months ended June 30, 2019:
 
 
Stock Options
 
Restricted Stock Awards
(in thousands, except per share amounts)
 
Number of Shares Outstanding
 
Weighted Average Exercise Price
 
Number of Shares Outstanding
 
Weighted Average Grant-date Fair Value Per Share
 
 
 
 
 
 
 
 
 
Balance at December 31, 2018
 
7,869

 
$
2.82

 
883

 
$
2.87

Granted
 
5,666

 
$
3.61

 
851

 
$
3.66

Exercised or vested
 

 
$

 
(335
)
 
$
2.69

Forfeited or canceled
 

 
$

 
(49
)
 
$
2.52

Balance at June 30, 2019
 
13,535

 
$
3.15

 
1,350

 
$
3.43