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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

9 Months Ended

Sep. 30, 2021

Stock Options

Stock Awards

Schedule of nonvested stock amortization expense

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

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For the Three Months Ended

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For the Nine Months Ended

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​

​

September 30,

​

September 30,

​

​

​

2021

​

2020

​

2021

2020

General and administrative expenses

​

$

152

​

$

195

​

$

483

​

$

592

​

Schedule of stock option activity

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​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	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		(39,603)	​	​	8.37	​	​	3.46	​	​	​
Forfeited		—	​	​	—	​	​	—	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Outstanding as of September 30, 2021		916,287		$	9.02	​	$	4.08	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Exercisable as of September 30, 2021		488,969		$	9.88	​	$	5.04	​	​	​

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The following table summarizes certain information about the options outstanding as of September 30, 2021:

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Options Outstanding and Unvested,

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Options Outstanding and Exercisable,

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​

​

​

September 30, 2021

​

September 30, 2021

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Weighted

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​

​

​

​

​

Weighted

​

​

​

​

​

Weighted

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Average

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Weighted

​

Average

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​

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Weighted

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Average

​

Exercise Price of

​

​

Average

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Remaining

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​

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Average

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Remaining

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Outstanding

​

Number of

​

Exercise

​

Contractual

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Number of

​

Exercise

​

Contractual

​

Options

Options

Price

Life

Options

Price

Life

$

9.02

427,318

​

$

8.04

​

4.50

​

488,969

​

$

9.88

​

2.85

​

​

Restricted Stock Units

Stock Awards

Schedule of nonvested stock amortization expense

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Three Months Ended

​

For the Nine Months Ended

​

​

​

September 30,

​

September 30,

​

​

​

2021

​

2020

2021

2020

General and administrative expenses

​

$

445

​

$

339

​

$

1,187

​

$

899

​

Summary of nonvested restricted stock units

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​	​	​	​	​	​
​	​	​	Weighted		​
​	Number of	​	Average Grant		​
​	RSUs	​	Date Price		​
Outstanding as of January 1, 2021	298,834	​	$	7.49	​
Granted	157,442	​	​	11.90	​
Vested	(149,747)	​	​	7.72	​
Forfeited	—	​	​	—	​
​	​	​	​	​	​
Outstanding as of September 30, 2021	306,529	​	$	9.65	​

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The total fair value of the RSUs that vested during the nine months ended September 30, 2021 and 2020 was $1,814 and $548, 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.

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The following table summarizes certain information of the RSUs unvested and vested as of September 30, 2021:

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​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
September 30, 2021						​	September 30, 2021				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
306,529	​	$	9.65	​	1.61	​	655,644	​	$	10.31	​

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