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Stock-Based Compensation
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation
15. Stock-Based Compensation

The Company grants restricted stock awards and stock options pursuant to the stockholder approved Equity Plan. On February 7, 2020, the Board approved the Plan of Liquidation which accelerated the vesting of a significant portion of our outstanding equity awards pursuant to provisions in the Wind Down Retention Plan.

The following table summarizes the Company’s stock option and restricted stock award activity during the three months ended March 31, 2020:
 
 
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, 2019
 
12,613

 
$
3.13

 
1,013

 
$
3.53

Granted
 

 
$

 
2,870

 
$
3.08

Exercised / vested
 

 
$

 
(2,695
)
 
$
3.12

Forfeited / canceled
 
(63
)
 
$
3.00

 
(1,089
)
 
$
3.39

Balance at March 31, 2020
 
12,550

 
$
3.13

 
99

 
$
3.11