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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Dividend Declared

During 2017, our Board declared the following quarterly cash dividends on our common stock:

 

Dividend Per Share

 

Record Date

 

Payment Date

$0.075

 

August 7, 2017

 

September 29, 2017

$0.075

 

May 10, 2017

 

June 30, 2017

$0.075

 

March 6, 2017

 

March 31, 2017

 

Summary of Stock Option

Information related to all stock options under the 2017 Plan and 2007 Plan for 2019, 2018 and 2017 is shown in the tables below:

(shares in thousands)

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

($000)

 

Outstanding at December 31, 2018

 

 

507

 

 

$

10.43

 

 

5.2 years

 

 

 

 

Forfeitures

 

 

(31

)

 

 

6.84

 

 

 

 

 

 

 

Exercised

 

 

(66

)

 

 

4.10

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

410

 

 

 

11.45

 

 

4.7 years

 

$

32

 

Exercisable at December 31, 2019

 

 

355

 

 

 

12.08

 

 

4.6 years

 

$

29

 

 

(shares in thousands)

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

($000)

 

Outstanding at December 31, 2017

 

 

655

 

 

$

10.53

 

 

6.0 years

 

 

 

 

Forfeitures

 

 

(132

)

 

 

11.53

 

 

 

 

 

 

 

Exercised

 

 

(16

)

 

 

5.55

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

507

 

 

 

10.43

 

 

5.2 years

 

$

186

 

Exercisable at December 31, 2018

 

 

402

 

 

 

10.52

 

 

4.6 years

 

$

186

 

 

(shares in thousands)

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Term

 

Aggregate

Intrinsic

Value

($000)

 

Outstanding at December 31, 2016

 

 

1,519

 

 

$

10.25

 

 

6.1 years

 

 

 

 

Granted

 

 

128

 

 

 

9.24

 

 

 

 

 

 

 

Forfeitures

 

 

(700

)

 

 

12.44

 

 

 

 

 

 

 

Exercised

 

 

(292

)

 

 

3.92

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

655

 

 

 

10.53

 

 

6.0 years

 

$

78

 

Exercisable at December 31, 2017

 

 

463

 

 

 

10.49

 

 

5.2 years

 

$

78

 

 

Summary of Restricted Stock Awards

Information related to restricted stock awards under the 2017 Plan and 2007 Plan for 2019, 2018 and 2017 is shown in the table below. The fair value of restricted stock awards is based on the price of the stock in the open market on the date of the grant.  The fair value of the restricted stock awards is recorded as compensation expense on a straight-line basis over the vesting periods of the awards and we account for forfeitures when they occur.

 

(shares in thousands)

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Nonvested at December 31, 2016

 

 

509

 

 

$

9.64

 

Granted

 

 

405

 

 

 

9.88

 

Vested

 

 

(92

)

 

 

9.78

 

Forfeited

 

 

(268

)

 

 

9.70

 

Nonvested at December 31, 2017

 

 

554

 

 

 

9.75

 

Granted

 

 

963

 

 

 

5.21

 

Vested

 

 

(217

)

 

 

9.50

 

Forfeited

 

 

(49

)

 

 

9.80

 

Nonvested at December 31, 2018

 

 

1,251

 

 

 

6.30

 

Granted

 

 

464

 

 

 

7.50

 

Vested

 

 

(310

)

 

 

7.24

 

Forfeited

 

 

(84

)

 

 

6.36

 

Nonvested at December 31, 2019

 

 

1,321

 

 

 

6.80

 

The Company received $7,000, $0.1 million and $1.1 million of cash from employees exercising options in 2019, 2018 and 2017, respectively. The intrinsic value of options exercised during 2019, 2018 and 2017 was $0.3 million, $24,000 and $2.6 million, respectively. Unrecognized compensation expense related to nonvested shares of stock options, restricted stock and performance units was $6.4 million at December 31, 2019 and will be recognized over a weighted average vesting period of 2.1 years.