Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plan (Tables)

v3.20.1
Stock-Based Compensation Plan (Tables)
 12 Months Ended
Dec. 31, 2019
Stock-Based Compensation Plan [Abstract]  
Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards



 

 

 

 

 

 

 

 



 

2019

 

2018

 

2017



 

 

 

 

 

 

 

 

Number of options

 

188

 

1,938

 

363

 

100

Option vesting period

 

1 - 3 Years

 

1 - 5 Years

 

1-2 Years

 

Immediate

Grant price

 

$13.21

 

$6.80 - $10.21

 

$6.10 - $6.15

 

$6.10

Dividend yield

 

0.76%

 

0.00% - 1.09%

 

0.00%

 

0.00%

Expected volatility (a)

 

41.0% - 41.2%

 

40.6% - 42.5%

 

41.9% - 42.2%

 

46.90%

Risk-free interest rate

 

1.88% - 1.93%

 

2.65% - 3.09%

 

1.80%

 

1.41%

Expected life (years) (b)

 

5.31 - 6.00

 

5.00 - 6.50

 

5.31 - 5.33

 

2.75

Weighted average fair value

 

$4.87 - $5.13

 

$2.77 - $4.08

 

$2.45 - $2.49

 

$1.20





(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



 

 

 

 

 

 



 

January 7, 2019

 

June 1, 2017



 

 

 

 

 

 

Number issued

 

500

 

250

 

250

Vesting period

 

$15.00 stock price target

 

$10.00 stock price target

 

$12.00 stock price target

Grant price

 

$10.21

 

$6.10

 

$6.10

Expected volatility

 

42.4%

 

42.4%

 

42.4%

Risk-free interest rate

 

2.53%

 

1.76%

 

1.76%

Expected term (years)

 

4.28 - 5.28

 

1.62

 

2.13

Weighted average fair value

 

$7.92

 

$4.30

 

$3.68



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



 

 

 

 

 

 

 

 

 



 

Year Ended December 31,



 

2019

 

2018

 

2017



 

 

 

 

 

 

 

 

 

Restricted stock awards

 

$

 1,058 

 

$

 1,158 

 

$

 658 

Stock options

 

 

 1,891 

 

 

 1,494 

 

 

 523 

Total

 

$

 2,949 

 

$

 2,652 

 

$

 1,181 



Summary Of Changes In Outstanding Options



 

 

 

 

 

 

 

 

 

 

 

 



 

Options

 

Weighted Average Exercise Price

 

Aggregate Intrinsic Value

 

Restricted Stock Awards

Outstanding at December 31, 2018

 

 

 3,956 

 

$

 7.52 

 

$

 10,286 

 

 

 350 



 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 188 

 

 

 13.21 

 

 

 

 

 

 500 

Exercised or vested

 

 

 (121)

 

 

 8.28 

 

 

 

 

 

 (250)

Expired

 

 

 -

 

 

 -

 

 

 

 

 

 -

Cancelled

 

 

 -

 

 

 -

 

 

 

 

 

 -

Forfeited

 

 

 (112)

 

 

 9.41 

 

 

 

 

 

 -

Outstanding at December 31, 2019

 

 

 3,911 

 

$

 7.72 

 

$

 22,840 

 

 

 600 



 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at December 31, 2019

 

 

 2,702 

 

 

 7.61 

 

$

 16,075 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



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

$4.38 - $12.40

 

 

 3,713 

 

 

 2,664 

 

 

 4.9 

 

 

 4.9 

 

$

 7.53 

$12.40 - $13.38

 

 

 198 

 

 

 38 

 

 

 8.4 

 

 

 8.1 

 

$

 13.25 



 

 

 3,911 

 

 

 2,702 

 

 

 5.1 

 

 

 5.1 

 

$

 7.61