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Shareholders' Equity, Stock Plans and Preferred Stock (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The table below shows the weighted average assumptions the Company used to develop the fair value estimates under its option valuation model:
Year Ended December 31,
20202019
Expected volatility (range)
N/A(1)
N/A(1)
Risk free interest rate (range)
N/A(1)
N/A(1)
Expected dividends
N/A(1)
N/A(1)
Weighted average expected term (years)
N/A(1)
N/A(1)
___________
(1)The Company did not issue any options or other equity grants that would require application of the Black-Scholes-Merton equity grant valuation model during the years ended December 31, 2020 and 2019. All equity grants during
these periods were restricted common shares which are valued using an intrinsic valuation method based on market price.
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value
The table below describes the resulting weighted average grant date fair values calculated as well as the intrinsic value of options exercised under the Company's equity awards during each of the following years:
Year Ended
December 31,
2020(1)
    2019(1)
Weighted average grant date fair value$— $— 
Total intrinsic value of exercises$— $
___________
(1)The Company did not issue any options or other equity grants that would require application of the Black-Scholes-Merton equity grant valuation model during the years ended December 31, 2020 and 2019. All equity grants during this period were restricted common shares which are valued using an intrinsic valuation method based on market price.
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes information regarding stock options and SOSAR grants outstanding as of December 31, 2020:
Weighted
AverageIntrinsicIntrinsic
Range ofExerciseGrantsValue-GrantsGrantsValue-Grants
Exercise Prices1PricesOutstandingOutstandingExercisableExercisable
$8.14 to $10.21
$8.83 45 $— 45 $— 
$5.86 $5.86 20 $— 20 $— 
65 65 
Schedule of Share-based Compensation Arrangements by Share-based Payment Award
Summarized activity of the equity compensation plans is presented below:
Weighted
SOSARs/Average
OptionsExercise Price
Outstanding, December 31, 201976 $7.55 
Granted— — 
Exercised— — 
Expired or cancelled(11)5.45 
Outstanding, December 31, 202065 $7.92 
Exercisable, December 31, 202065 $7.92 
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
Weighted
Average
RestrictedGrant Date
SharesFair Value
Outstanding, December 31, 2019207 $5.28 
Granted198 2.00 
Dividend Equivalents— — 
Vested(187)3.93 
Cancelled(25)4.55 
Outstanding, December 31, 2020193 $3.32 

Summarized activity of the Restricted Share Units for the Stock Purchase Plan is as follows:
Weighted
Average
RestrictedGrant Date
Share UnitsFair Value
Outstanding, December 31, 201948 $5.08 
Granted28 2.00 
Dividend Equivalents— — 
Vested(21)6.45 
Cancelled— — 
Outstanding December 31, 202055 $2.92