Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plan (Tables)

v3.10.0.1
Stock-Based Compensation Plan (Tables)
 12 Months Ended
Dec. 31, 2018
Stock-Based Compensation Plan [Abstract]  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards



 

 

 

 

 

 

 

 



 

2018

 

2017

 

2016



 

 

 

 

 

 

 

 

Number of options

 

1,938

 

363

 

100

 

163

Option vesting period

 

1 - 5 Years

 

1-2 Years

 

Immediate

 

1-3 Years

Grant price

 

$6.80 - $10.21

 

$6.10 - $6.15

 

$6.10

 

$4.38 - $4.39

Dividend yield

 

0.00% - 1.09%

 

0.00%

 

0.00%

 

0.00%

Expected volatility (a)

 

40.6% - 42.5%

 

41.9% - 42.2%

 

46.90%

 

43.0% - 44.6%

Risk-free interest rate

 

2.65% - 3.09%

 

1.80%

 

1.41%

 

1.14% - 1.23%

Expected life (years) (b)

 

5.00 - 6.50

 

5.31 - 5.33

 

2.75

 

5.31 - 6.00

Weighted average fair value

 

$2.77 - $4.08

 

$2.45 - $2.49

 

$1.20

 

$1.81 - $1.85





(a)

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



(b)

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%

Expected term (years)

 

1.62

 

2.13

 

2.43

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,



 

2018

 

2017

 

2016



 

 

 

 

 

 

 

 

 

Restricted stock awards

 

$

 1,158 

 

$

 658 

 

$

 15 

Stock options

 

 

 1,494 

 

 

 523 

 

 

 212 

Total

 

$

 2,652 

 

$

 1,181 

 

$

 227 



Summary Of Changes In Outstanding Options



 

 

 

 

 

 

 

 

 

 

 

 



 

Options

 

Weighted Average Exercise Price

 

Aggregate Intrinsic Value

 

Restricted Stock Awards

Outstanding at December 31, 2017

 

 

 2,159 

 

$

 7.68 

 

$

 367 

 

 

 850 



 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 1,938 

 

 

 7.32 

 

 

 

 

 

 -

Exercised or vested

 

 

 (78)

 

 

 6.03 

 

 

 

 

 

 (250)

Expired

 

 

 (37)

 

 

 9.49 

 

 

 

 

 

 (250)

Cancelled

 

 

 -

 

 

 -

 

 

 

 

 

 -

Forfeited

 

 

 (26)

 

 

 7.21 

 

 

 

 

 

 -

Outstanding at December 31, 2018

 

 

 3,956 

 

$

 7.52 

 

$

 10,286 

 

 

 350 



 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at December 31, 2018

 

 

 2,268 

 

 

 7.80 

 

$

 5,263 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



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 - $8.64

 

 

 2,870 

 

 

 1,502 

 

 

 5.8 

 

 

 5.8 

 

$

 6.66 

$8.64 - $13.38

 

 

 1,086 

 

 

 766 

 

 

 5.5 

 

 

 5.5 

 

$

 10.04 



 

 

 3,956 

 

 

 2,268 

 

 

 5.7 

 

 

 5.7 

 

$

 7.80