The Company has a 2006 Equity Incentive Plan and a 2015 Equity Incentive Plan. The 2015 Equity Incentive Plan replaced the 2006 Equity Incentive Plan and new grants may not be made under the 2006 Plan.

Under the 2015 Equity Incentive Plan, the Company may grant stock options, stock awards, stock appreciation rights, restricted stock units (“RSUs”) and other equity-based awards. Under all awards, the terms are fixed on the grant date.

For the six months ended June 30, 2020, the Company granted 100 RSUs with a weighted average closing price on the date of grant of $15.61. The RSUs vest in equal, annual installments over a three year period beginning on the first anniversary of the date of grant at which time common stock is issued with respect to vested units.

The Company has also granted stock options under the plans. Options granted under the plans generally vest in equal, annual installments over a three year period beginning on the first anniversary of the date of grant and have a maximum term of 10 years.

Stock award activity as of and during the six months ended June 30, 2020 was as follows:


	Outstanding Awards
	Stock Options	RSUs	Total		Stock Option Weighted-Average ‎Exercise Price (a)		Aggregate ‎ Intrinsic Value

Outstanding at December 31, 2019	746	128	874	$	6.39
Awards granted	-	100	100		-
Awards exercised or released	(42)	(55)	(97)		4.31

Outstanding at June 30, 2020	704	173	877	$	6.52	$	7,271

Exercisable at June 30, 2020	682	34	682	$	6.50	$	5,247

Available for future grant at December 31, 2019	183

Available for future grant at June 30, 2020	114

(a) The weighted average exercise price calculation does not include outstanding RSUs

The number of shares available for future grants at June 30, 2020 does not include a total of up to 331 shares subject to options outstanding under the 2006 Equity Incentive Plan, which will become available for grant under the 2015 Equity Incentive Plan as outstanding options under the 2006 Equity Incentive Plan expire, terminate, are cancelled or forfeited or are withheld in a net exercise of such options.

The Company recorded $1,336 and $1,712 of non-cash stock compensation expense for the three and six months ended June 30, 2020, respectively, compared to $537 and $866 for the same periods in 2019, respectively. During the quarter ended June 30, 2020, we recorded a cumulative non-cash stock compensation expense adjustment of $422 for individuals who are retirement eligible and therefore have vested in stock awards according to our plan. The adjustment was not material to our Consolidated Financial Statements for any quarterly or annual period. As of June 30, 2020, there was $2,123 of total unrecognized compensation costs related to non-vested stock option and RSU awards that are expected to be recognized over a weighted-average period of 2.10 years. The total intrinsic value of options exercised during the six months ended June 30, 2020 was $418.

The Company also has an Employee Stock Purchase Plan (the “Purchase Plan”). The Purchase Plan, as amended, through June 30, 2020, provides that a maximum of 300 shares may be sold under the Purchase Plan. There were 8 and 5 shares purchased under the plan for the six months ended June 30, 2020 and 2019, respectively.