Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plan (Tables)

v3.8.0.1
Stock-Based Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2017
Stock-Based Compensation Plan [Abstract]  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards



 

 

 

 

 

 

 

 

 

 



 

2017

 

2016

 

2015



 

 

 

 

 

 

 

 

 

 

Number of options

 

363

 

100

 

163

 

103

 

90

Option vesting period

 

1-2 Years

 

Immediate

 

1-3 Years

 

1 - 4 Years

 

Immediate

Grant price

 

$6.10 - $6.15

 

$6.10

 

$4.38 - $4.39

 

$4.41 - $6.67

 

$8.35

Dividend yield

 

0.00%

 

0.00%

 

0.00%

 

0.0%

 

0.0%

Expected volatility

 

41.9% - 42.2% (a)

 

46.9% (a)

 

43.0% - 44.6% (a)

 

45.0% - 53.0% (b)

 

44.4% (b)

Risk-free interest rate

 

1.80%

 

1.41%

 

1.14% - 1.23%

 

1.56% - 2.11%

 

1.56%

Expected life (years) (c)

 

5.31 - 5.33

 

2.75

 

5.31 - 6.00

 

5.31 - 6.58

 

5.00

Weighted average fair value

 

$2.45 - $2.49

 

$1.20

 

$1.81 - $1.85

 

$1.85 - $3.53

 

$0.97





(a)

Expected volatility is based upon the Company’s historical volatility.



(b)

Since a sufficient period of historical volatility did not exist, the Company’s expected volatility was based on a combination of the Company’s available historical volatility and the historical volatility of a peer group of companies within similar industries and similar size as the Company.



(c)

Because the Company does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term for these grants, the Company utilized the simplified method in developing an estimate of the expected term of these options.

Schedule Of Share Based Payment Award Restricted Stock Valuation Assumptions



 

 

 

 

 

 



 

June 1, 2017

 

July 1, 2016



 

 

 

 

 

 

Number issued

 

250

 

250

 

100

Vesting period

 

$10.00 stock price target

 

$12.00 stock price target

 

$15.00 stock price target

Grant price

 

$6.10

 

$6.10

 

$4.38

Dividend yield

 

0.0%

 

0.0%

 

0.0%

Expected volatility

 

42.4%

 

42.4%

 

44.1%

Risk-free interest rate

 

1.76%

 

1.76%

 

0.86%

Weighted average fair value

 

$4.30

 

$3.68

 

$1.05



Schedule Of Total Non-Cash Stock Compensation Expense Related To Stock Options, Stock Awards, And Restricted Stock



 

 

 

 

 

 

 

 

 



 

Year Ended December 31,



 

2017

 

2016

 

2015



 

 

 

 

 

 

 

 

 

Restricted stock awards

 

$

658 

 

$

15 

 

$

264 

Stock options

 

 

523 

 

 

212 

 

 

830 

Total

 

$

1,181 

 

$

227 

 

$

1,094 



Summary Of Changes In Outstanding Options



 

 

 

 

 

 

 

 

 

 

 

 



 

Options

 

Weighted Average Exercise Price

 

Aggregate Intrinsic Value

 

Restricted Stock Awards

Outstanding at December 31, 2016

 

 

2,097 

 

$

8.15 

 

$

 -

 

 

370 



 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

463 

 

 

6.14 

 

 

 

 

 

500 

Exercised or vested

 

 

(29)

 

 

6.29 

 

 

 

 

 

 -

Expired

 

 

(249)

 

 

9.38 

 

 

 

 

 

 -

Cancelled

 

 

(100)

 

 

5.98 

 

 

 

 

 

 -

Forfeited

 

 

(23)

 

 

9.67 

 

 

 

 

 

(20)

Outstanding at December 31, 2017

 

 

2,159 

 

$

7.68 

 

$

367 

 

 

850 



 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at December 31, 2017

 

 

1,792 

 

 

8.05 

 

$

 -

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



Schedule Of Shares Authorized Under Stock Option Plans, By Exercise Price Range



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

Remaining Life In Years

 

Weighted Average

Exercise Price Range

 

Outstanding

 

Exercisable

 

Outstanding

 

Exercisable

 

Exercise Price

$4.00 - $6.49

 

 

770 

 

 

428 

 

 

7.8 

 

 

7.8 

 

$

5.43 

$6.49 - $13.38

 

 

1,389 

 

 

1,364 

 

 

5.1 

 

 

5.1 

 

$

8.87 



 

 

2,159 

 

 

1,792 

 

 

6.0 

 

 

6.0 

 

$

8.05