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Share-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Information with Respect to Outstanding and Exercisable Stock Options

The following table summarizes information with respect to all outstanding and exercisable stock options under all of our plans as of December 31, 2018:

								Options Outstanding												Options Exercisable
Range of Exercise Prices								Number of Options Outstanding				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (in Years)				Number Exercisable				Weighted Average Exercise Price
$	2.65			$	4.07				326,324			$	3.57				5.81				312,162			$	3.54
$	4.15			$	4.15				250,732			$	4.15				6.61				188,049			$	4.15
$	4.49			$	4.49				683,104			$	4.49				7.18				341,552			$	4.49
$	5.00			$	6.51				346,012			$	6.00				5.76				316,904			$	6.01
$	7.22			$	8.30				324,832			$	8.07				7.41				138,007			$	7.76
$	8.63			$	13.80				377,061			$	12.65				8.69				104,429			$	9.65
$	15.39			$	22.13				312,712			$	20.66				3.01				248,576			$	22.02
$	26.15			$	26.15				36,144			$	26.15				0.15				36,144			$	26.15
$	29.02			$	29.02				41,512			$	29.02				1.17				41,512			$	29.02
$	30.67			$	30.67				120,000			$	30.67				1.38				120,000			$	30.67
									2,818,433			$	9.59				6.14				1,847,335			$	10.13

Schedule of Deferred Stock Units to be Settled in Shares

The following table summarizes information with respect to all deferred stock units during the years ended December 31, 2018, 2017 and 2016:

		Deferred Stock Units to be Settled in Shares				Weighted Average Grant-Date Fair Value Per Unit
Outstanding as of December 31, 2015 (1)			90,642			$	4.43
Granted			-				-
Vested			(14,619	)			4.39
Forfeited			-				-
Outstanding as of December 31, 2016 (1)			76,023			$	4.44
Granted			-				-
Vested			-				-
Forfeited			-				-
Outstanding as of December 31, 2017 (1)			76,023			$	4.44
Granted			-				-
Vested			-				-
Forfeited			-				-
Outstanding as of December 31, 2018 (1)			76,023			$	4.44

(1) Includes vested but unreleased awards. These awards are included in total outstanding awards until they are released under the terms of the agreement.

Schedule of Restricted Stock Units to be Settled in Cash

The following table summarizes information with respect to all cash-settled restricted stock units for the years ended December 31, 2018, 2017 and 2016:

		Restricted Stock Units to be Settled in Cash
Outstanding as of December 31, 2015			1,575,050
Granted			461,428
Vested			(610,680	)
Forfeited			(233,720	)
Outstanding as of December 31, 2016			1,192,078
Granted			-
Vested			(650,729	)
Forfeited			(69,621	)
Outstanding as of December 31, 2017			471,728
Granted			-
Vested			(214,192	)
Forfeited			(44,742	)
Outstanding as of December 31, 2018			212,794

Summary of Total Stock Based Compensation Expense

Stock-Based Compensation Expense. Total stock-based compensation expense for the years ended December 31, 2018, 2017 and 2016 for all types of awards was as follows (dollars in thousands):

		December 31,
Award Type		2018				2017				2016
Stock options		$	1,956			$	1,585			$	1,256
Restricted stock units settled in stock			3,641				3,366				1,960
Restricted stock units settled in cash			2,197				4,134				5,569
Total stock-based compensation expense		$	7,794			$	9,085			$	8,785

Schedule of Fair Value of Stock Option Award Granted Estimated on Date of Grant Using the Black-Scholes-Merton Option Pricing Model

The weighted average fair value per share of stock option awards granted during the years ended December 31, 2018, 2017 and 2016, and assumptions used to value stock options are as follows:

		For the Year Ended December 31,
		2018				2017				2016
Dividend yield			-				-				-
Risk-free interest rate			2.6	%			1.9	%			1.3	%
Weighted average volatility			56.1	%			64.2	%			70.4	%
Expected life (in years)			5.0				5.2				4.8
Weighted average grant date fair value per share of options granted		$	7.09			$	4.81			$	2.75

Restricted Stock Units [Member]

Schedule of Information with Respect to all Outstanding Restricted Stock

The following table summarizes information with respect to all outstanding restricted stock units to be settled in shares of stock under our plans during the years ended December 31, 2018, 2017 and 2016:

		Restricted Stock to be Settled in Shares of Stock
		Units				Weighted Average Grant-Date Fair Value Per Unit
Outstanding as of December 31, 2015			757,871			$	5.55
Granted			1,555,828				4.58
Vested (1)			(381,850	)			5.98
Forfeited			(219,645	)			5.06
Outstanding as of December 31, 2016			1,712,204			$	4.63
Granted			289,392				8.49
Vested (1)			(422,284	)			4.64
Forfeited			(125,489	)			5.56
Outstanding as of December 31, 2017			1,453,823			$	5.32
Granted			1,397,644				12.91
Vested			(709,132	)			4.97
Forfeited			(124,858	)			7.14
Outstanding as of December 31, 2018			2,017,477			$	10.59

(1) The total vested awards include 6.3 thousand and 9.2 thousand of vested restricted stock units settled in cash for the years ended December 31, 2017 and 2016, respectively. These awards granted in 2015 for retention purposes are subject to accelerated vesting and cash settlement in the event of an involuntary not-for-cause termination of employment by the Company.

Employee Stock Option [Member]

Summary of Stock Option Activity

Stock option activity during the years ended December 31, 2018, 2017 and 2016 under our plans was as follows:

		Options				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value (in thousands)
Outstanding as of December 31, 2015			2,657,723			$	14.27
Granted			915,122				4.81
Exercised			(89,773	)			4.17					$	189
Forfeited			(120,964	)			5.11
Cancelled			(276,220	)			24.69
Outstanding as of December 31, 2016			3,085,888			$	11.18
Granted			365,709				8.67
Exercised			(288,618	)			8.18					$	250
Forfeited			(75,426	)			6.97
Cancelled			(219,500	)			29.67
Outstanding as of December 31, 2017			2,868,053			$	9.86
Granted			336,768				14.10
Exercised			(161,072	)			8.46					$	987
Forfeited			-				-
Cancelled			(225,316	)			20.58
Outstanding as of December 31, 2018			2,818,433			$	9.59			6.14 years		$	12,275
Exercisable as of December 31, 2018			1,847,335			$	10.13			5.16 years		$	8,605

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