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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Weighted-Average Assumptions Used To Estimate the Fair Value of Options Granted
The following table presents the weighted-average assumptions used to estimate the fair value of options granted in 2020, 2019 and 2018:
 202020192018
Expected annual dividend yield2.0 %1.9 %1.4 %
Risk-free interest rate1.38 %2.65 %2.94 %
Expected volatility51.1 %50.4 %48.0 %
Expected life in years5.25.05.2
Schedule of Outstanding and Exercisable Options
The following table summarizes information concerning outstanding and exercisable options:
 Weighted Average
 202020192018
 SharesWeighted
Avg. Exercise
Price
SharesWeighted
Avg. Exercise
Price
SharesWeighted
Avg. Exercise
Price
Outstanding at beginning of year764,784 $17.31 596,148 $11.64 1,001,300 $11.58 
Granted111,872 $23.60 1,038,536 $15.76 17,550 $31.66 
Exercised(191,780)$11.68 (224,750)$8.92 (400,203)$12.18 
Canceled or expired(23,852)$23.71 (645,150)$12.50 (22,499)$15.24 
Outstanding at end of year661,024 $19.78 764,784 $17.31 596,148 $11.64 
Options exercisable at year end302,283  227,598  341,515  
Weighted average fair value per option granted during the year$9.12  $9.16  $12.87  
Schedule of Options Vested and Exercisable or Nonvested, Expected to Vest (Nonvested Outstanding Less Expected Forfeitures)
The following table summarizes information about options vested and exercisable or non-vested that are expected to vest (non-vested outstanding less expected forfeitures) at December 31, 2020:
Range of Exercise PricesOptions outstanding and
Exercisable
Weighted
Average
Exercise
Price
Weighted Average
Remaining
Contractual Life
Aggregate
Intrinsic
Value (in
millions)
$5.00 to$10.00 123,000 $6.29 5.53$3.6 
$10.01 to$15.00 $0.00 00.0 
$15.01 to$20.00 57,304 $17.03 2.431.1 
$20.01 to$25.00 480,720 $23.55 8.305.9 
$5.00 to$25.00 661,024 $19.78 7.27$10.6 
Schedule of Unvested Stock Options
The following table reflects the activity for all unvested stock options during 2020:
 SharesWeighted
Average Grant-
Date Fair Value
Unvested at January 1, 2020537,186 $9.38 
Granted111,872 $9.12 
Vested(269,553)$9.19 
Forfeited(20,764)$9.61 
Unvested at December 31, 2020358,741 $9.63 
Restricted Stock Award Activity
The following table reflects the activity for restricted stock awards, excluding the restricted stock issued to Directors (in millions, except shares data):
Year GrantedShares GrantedOutstanding at December 31, 2020Rights to Cash DividendOther Participation RightsPerformance AwardCompensation Expense
Year Ended December 31,
202020192018
2010175,000 — YesNoneNo$0.0 $0.0 $0.1 
2011100,000 — YesNoneNo0.0 0.0 0.2 
201250,000 10,000 YesNoneNo
0 (1)
0 (1)
0 (1)
2016100,000 — YesNoneNo0.0 
0 (1)
0.1 
201753,288 — YesNoneNo0.0 0.0 
0 (1)
201749,600 — YesNoneYes0.0 0.0 
1.5 (2)
20185,117 — YesNoneNo0.0 0.0 
0 (1)
201930,251 24,200 YesNoneNo0.2 0.3 0.0 
2019149,412 57,242 YesNoneYes1.2 1.3 0.0 
202028,27228,272 YesNoneNo0.4 0.0 0.0 
202043,33026,446 YesNoneYes0.6 0.0 0.0 
Total$2.4 $1.6 $1.9 
1
less than $0.1 million of expense recorded
2
As a result of the sale of the France business in August 2018 and terms of the performance award, compensation expense of $1.5 million was recorded in discontinued operations for the year ended 2018.
Nonvested Restricted Stock Shares Activity
The following table reflects the activity for all unvested restricted stock during 2020:
SharesWeighted
Average Grant-
Date Fair Value
Unvested at January 1, 2020172,595 $23.14 
Granted81,846 $23.49 
Vested(81,547)$23.58 
Forfeited(9,134)$23.71 
Unvested at December 31, 2020163,760 $23.06