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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Allocation of Compensation Expense
Total stock-based compensation expense for the three months ended March 31, 2020 and 2019 was as follows:
 
 
Three Months Ended March 31,
(in thousands)
 
2020
 
2019
RSA expense
 
$
506

 
$
317

Total stock-based compensation expense
 
$
506

 
$
317

Schedule of Unrecognized Compensation Cost
The amount of unrecognized compensation cost as of March 31, 2020, and the expected weighted-average period over which the cost will be recognized is as follows:
 
 
As of March 31, 2020
(in thousands)
 
Unrecognized Compensation Cost
 
Expected Weighted-
Average Period of
Recognition (in years)
RSA expense
 
$
3,178

 
2.23
PSU expense
 
309

 
2.94
Total unrecognized stock-based compensation expense
 
$
3,487

 
2.29
Summary of Restricted Stock Activity
A summary of RSA activity under the Company's various stock compensation plans for the three months ended March 31, 2020 is presented below:
 
 
Restricted Stock
 
Weighted-Average Grant Date Fair Value
Non-vested at January 1, 2020
 
451,344

 
$
10.65

Granted
 
218,524

 
$
5.34

Vested
 
(184,023
)
 
$
10.39

Forfeited
 
(265
)
 
$
10.84

Non-vested at March 31, 2020
 
485,580

 
$
8.36

Summary of Option Activity
A summary of stock option activity for the three months ended March 31, 2020 is presented below:
 
 
Number of Options
Outstanding and
Exercisable
 
Weighted-Average
Exercise Price
 
Aggregate Intrinsic Value (in thousands)
 
Weighted-Average
Remaining Contractual
Term (in years)
Options outstanding, January 1, 2020
 
300,000

 
$
13.87

 
 
 

Options granted
 

 

 
 
 
 
Options exercised
 

 

 
 
 
 
Options expired / forfeited
 

 

 
 
 
 
Options outstanding, March 31, 2020
 
300,000

 
$
13.87

 
$

 
0.18
Options vested and exercisable, March 31, 2020
 
300,000

 
$
13.87

 
$

 
0.18
Summary of Performance Shares Units
A summary of PSU activity for the three months ended March 31, 2020 is presented below:
 
 
Units
 
Weighted-Average
Grant Date
Fair Value
 
Aggregate Intrinsic Value (in thousands)
 
Weighted-Average
Remaining
Contractual
Term (in years)
PSU's outstanding, January 1, 2020
 

 
$

 
 
 
 
Granted
 
50,127

 
6.17

 
 
 
 
Vested / Settled
 

 

 
 
 
 
Forfeited / Canceled
 

 

 
 
 
 
PSU's outstanding, March 31, 2020
 
50,127

 
$
6.17

 
$
329

 
2.94