Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation Plan (Tables)

Stock-Based Compensation Plan (Tables)

12 Months Ended

Dec. 31, 2023

Schedule Of Valuation Assumptions Used In Computing Fair Value Of Stock-Based Awards

For computing the fair value of the stock-based awards, the fair value of each option grant has been estimated as of the date of grant using the Black-Scholes option-pricing model with the following assumptions:


	2023	2022		2021

Number of options	75	430	10	500
Option vesting period	1 Year	1 - 3 Years	Immediate	1 - 3 Years
Grant price (per share)	$7.91	$18.67 - $27.65	$21.83	$15.15 - $24.43
Dividend yield	1.26%	0.36% - 0.54%	0.46%	0.41% - 0.66%
Expected volatility (a)	47.8%	38.6% - 40.9%	39.4%	39.1% - 43.6%
Risk-free interest rate	3.69%	1.46% - 3.38%	1.66%	0.50% - 1.02%
Expected life (years) (b)	5.31	5.31 - 6.01	5.50	5.31 - 6.00
Weighted average fair value (per share)	$2.48	$7.82 - $10.41	$8.03	$5.88 - $9.23

(a)

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

(b)

The expected term was determined based upon the underlying terms of the awards and the category and employment history of employee award recipient.

Schedule Of Share Based Payment Award Restricted Stock Valuation Assumptions


	March 14, 2023	March 4, 2022	May 28, 2021

Number issued	500	700	500
Vesting period	$15.00 - $18.00 stock price target	$50.00 stock price target	$35.00 stock price target
Grant price (per share)	$9.60	$21.83	$23.69
Dividend yield	1.04%	0.46%	0.42%
Expected volatility	45.2%	41.0%	42.3%
Risk-free interest rate	3.64%	1.74%	0.30%
Expected term (years)	2.56 - 3.22	4.15	1.05
Weighted average fair value (per share)	$7.84 - $8.34	$15.37	$14.46

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


	Year Ended December 31,
	2023		2022		2021

Restricted stock awards	$	2,540	$	6,122	$	5,241
Stock options		2,601		5,076		4,236
Total	$	5,141	$	11,198	$	9,477

Summary Of Changes In Outstanding Options And Restricted Stock Awards


	Options		Weighted Average Exercise Price		Aggregate Intrinsic Value		Restricted Stock Awards
Outstanding at December 31, 2022		4,246	$	11.46	$	-		1,546

Granted		75		2.48				500
Exercised or vested		(504)		6.82				(192)
Expired		(387)		14.28				-
Cancelled		-		-				-
Forfeited		(191)		-				(237)
Outstanding at December 31, 2023		3,239	$	11.45	$	-		1,617

Options exercisable at December 31, 2023		3,087		11.06	$	-

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 - $8.02		1,477		1,459		4.7		4.7	$	6.44
$8.02 - $27.65		1,762		1,628		6.9		6.9	$	15.20
		3,239		3,087		6.3		6.3	$	11.06