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Stock Compensation Plans | 12 Months Ended
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Dec. 31, 2018
Stock Compensation Plans [Abstract] |
Stock Compensation Plans | (5) Stock Compensation Plans ﻿ Restricted Stock Units (RSUs) ﻿ On May 16, 2017, our Compensation Committee authorized the issuance and immediate vesting of 495,000 RSUs to our Chairman, President, and CFO. These shares were valued at $3.8 million, based on the May 16, 2017, closing stock price of $7.74. ﻿ By shareholder approval on May 25, 2017, our 2008 Restricted Stock Unit Plan (RSU Plan) was amended and restated to add 1,000,000 shares and extend its term through May 25, 2027. ﻿ On June 6, 2017, our Compensation Committee approved a Four-Year Compensation Plan for our Chairman, President, and CFO that granted them 645,000 RSUs. These shares vest/lapse 25% annually from December 16, 2018 through December 16, 2021, or earlier based on the terms of the RSU Plan and the applicable award agreements. The closing stock price on the date of grant was $8.23. ﻿ The table below shows the number of RSUs available for issuance at December 31, 2018: ﻿
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﻿Total authorized RSUs in Plan approved by shareholders | 4,850,000 |
﻿Stock issued out of the Plan from vested grants | (2,802,284) |
﻿Non-vested grants | (789,250) |
﻿ RSUs available for future issuance | 1,258,466 |
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﻿Non-vested grants at December 31, 2016 |  | 733,000 |
﻿Granted – weighted average share price on grant date was $7.98 |  | 1,211,500 |
﻿Vested – weighted average share price on vesting date was $7.22 |  | (990,500 | )
﻿Forfeited |  | (9,500 | )
﻿Non-vested grants at December 31, 2017 |  | 944,500 |
﻿Granted – weighted average share price on grant date was $5.76 |  | 202,000 |
﻿Vested – weighted average share price on vesting date was $6.21 |  | (344,750 | )
﻿Forfeited |  | (12,500 | )
﻿Non-vested grants at December 31, 2018 (1) |  | 789,250 |
﻿ ﻿ _______________________________________ (1)RSU Vesting Schedule ﻿ ﻿
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﻿Vesting Year |  | No. RSUs Vesting |
﻿2019 |  | 304,750 |
﻿2020 |  | 176,250 |
﻿2021 |  | 308,250 |
﻿ |  | 789,250 |
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Vested shares had a value of $2.1 million for 2018, and $7.1 million for 2017 on their vesting dates. Under our RSU plan, participants are allowed to relinquish shares to pay for their required statutory income taxes. ﻿ The outstanding RSUs have a value of $4.07 million based on the March 8, 2019 closing stock price of $5.16. ﻿ For the years ended December 31, 2018 and 2017 stock based compensation was $3.2 million and $7.3 million, respectively. For 2019, 2020, and 2021, based on existing RSUs outstanding, stock-based compensation expense is estimated to be $1.9 million, $1.2 million, and $1.1 million, respectively. ﻿ Stock Options ﻿ We have no stock options outstanding. ﻿ Stock Bonus Plan ﻿ Our stock bonus plan was authorized in late 2009 with 250,000 shares. Currently, we have 86,383 shares available for future issuance.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
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