Employee Benefit Plans (Tables)
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12 Months Ended |
Dec. 31, 2019 |
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| Employee Benefit Plans [Abstract] |
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| Schedule of stock option activity |
Changes in outstanding stock options during the years ended December 31, 2019 and 2018 were as follows:
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Weighted
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Weighted
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average
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Intrinsic
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average exercise
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remaining
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value
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Shares
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price
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contractual life
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(thousands)
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Outstanding at December 31, 2017
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2,315,035
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$
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3.41
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Granted
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—
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—
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Exercised
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—
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—
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Cancelled, expired or forfeited
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(314,027)
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4.21
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Outstanding at December 31, 2018
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2,001,008
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$
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3.29
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6.60 years
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$
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1,225
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Exercisable at December 31, 2018
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1,074,508
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$
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4.16
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5.65 years
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$
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318
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Granted
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68,000
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2.99
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Exercised
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(42,000)
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2.13
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Cancelled, expired or forfeited
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(220,500)
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2.70
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Outstanding at December 31, 2019
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1,806,508
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$
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3.37
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5.87 years
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$
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1,428
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Exercisable at December 31, 2019
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1,270,508
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$
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3.93
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5.10 years
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$
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666
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| Schedule of fair value of options granted |
The fair value of options granted in the year ended December 31, 2019 was estimated on the date of grant using the Black-Scholes option pricing model with the following assumptions by grant year:
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Expected life, in years
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8.5 years
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Risk-free interest rate
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2.62
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%
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Volatility
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42.0
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%
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Dividend yield
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—
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%
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| Schedule of non-vested stock options |
A summary of the status of the Company’s non-vested stock options as of December 31, 2019 and 2018 and changes during the years then ended, is presented below:
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Weighted average
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Shares
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grant date fair value
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Non-vested stock options at December 31, 2017
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1,424,651
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$
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0.99
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Granted
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—
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—
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Vested
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(427,651)
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1.16
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Cancelled, expired or forfeited
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(70,500)
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1.10
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Non-vested stock options at December 31, 2018
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926,500
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$
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0.91
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Granted
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68,000
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2.99
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Vested
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(281,500)
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1.12
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Cancelled, expired or forfeited
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(177,000)
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0.95
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Non-vested stock options at December 31, 2019
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536,000
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$
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0.87
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| Schedule of restricted stock awards and changes |
A summary of the status of RSUs and changes during the years ended December 31, 2019 and 2018 is presented below:
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Weighted average
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Shares
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grant date fair value
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Non-vested restricted stock at December 31, 2017
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985,000
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$
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2.26
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Granted
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195,938
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2.81
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Vested
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(361,737)
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1.90
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Cancelled, expired or forfeited
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(55,000)
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2.74
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Non-vested RSUs at December 31, 2018
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764,201
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$
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2.54
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Granted
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584,593
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3.04
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Vested
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(227,889)
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2.64
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Cancelled, expired or forfeited
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(165,894)
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2.73
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Non-vested RSUs at December 31, 2019
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955,011
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$
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2.69
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