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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

3 Months Ended

Mar. 31, 2021

Stock Options

Stock Awards

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​	​	2021			2020
General and administrative expenses	​	$	180	​	$	205	​

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Weighted		​	Weighted		​	​	​
​	​	Number	​	Average		​	Average		​	​	​
​	​	of	​	Exercise		​	Fair		​	​	​
​		Options		Price			Value			​	​
Outstanding as of January 1, 2021		837,338		$	8.86	​	​	4.02	​	​	​
Granted		118,552	​	​	9.91	​	​	4.33	​	​	​
Exercised		(16,742)	​	​	7.47	​	​	2.72	​	​	​
Forfeited		—	​	​	—	​	​	—	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Outstanding as of March 31, 2021		939,148		$	9.02	​	$	4.08	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Exercisable as of March 31, 2021		511,830		$	9.84	​	$	5.00	​	​	​

​

The following table summarizes certain information about the options outstanding as of March 31, 2021:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Options Outstanding and Unvested,

​

Options Outstanding and Exercisable,

​

​

​

​

March 31, 2021

​

March 31, 2021

​

Weighted

​

​

​

​

​

​

Weighted

​

​

​

​

​

Weighted

​

Average

​

​

Weighted

​

Average

​

​

​

Weighted

​

Average

​

Exercise Price of

​

​

Average

​

Remaining

​

​

​

Average

​

Remaining

​

Outstanding

​

Number of

​

Exercise

​

Contractual

​

Number of

​

Exercise

​

Contractual

​

Options

Options

Price

Life

Options

Price

Life

$

9.02

427,318

​

$

8.04

​

5.00

​

511,830

​

$

9.84

​

3.38

​

​

Restricted Stock Units

Stock Awards

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​		2021			2020
General and administrative expenses	​	$	342	​	$	276	​

Summary of nonvested restricted stock units

​

​	​	​	​	​	​
​	​	​	Weighted		​
​	Number of	​	Average Grant		​
​	RSUs	​	Date Price		​
Outstanding as of January 1, 2021	298,834	​	$	7.49	​
Granted	103,870	​	​	9.91	​
Vested	(105,458)	​	​	8.29	​
Forfeited	—	​	​	—	​
​	​	​	​	​	​
Outstanding as of March 31, 2021	297,246	​	$	8.06	​

​

The total fair value of the RSUs that vested during the three months ended March 31, 2021 and 2020 was $1,130 and $351, respectively. The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.

​

The following table summarizes certain information of the RSUs unvested and vested as of March 31, 2021:

​

​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
March 31, 2021						​	March 31, 2021				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
297,246	​	$	8.06	​	1.88	​	611,355	​	$	10.59	​

​

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