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Stock Options and Restricted Stock (Tables) | 6 Months Ended
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Jun. 30, 2024
Stock Options and Restricted Stock |
Summary of the status of the Company's outstanding stock options | The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model. The following table presents a summary of the status of the Company’s outstanding stock options for the six months ended June 30, 2024: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024
​ |  |  |  | Weighted
​ | ​ | ​ | ​ | Average
​ | ​ | Shares | ​ | Exercise Price
Outstanding at Beginning of Year |  | 2,014,994 | ​ | $ | 10.57
Granted |  | — | ​ |  | —
Exercised |  | (8,500) | ​ |  | 8.23
Forfeitures |  | (30,000) | ​ |  | 12.87
Outstanding at Period End |  | 1,976,494 | ​ | $ | 10.54
​ | ​ | ​ | ​ | ​ | ​
Options Exercisable at Period End |  | 1,404,869 | ​ | $ | 9.73
Summary of information pertaining to options outstanding based on range of exercise price | The following table presents information pertaining to options outstanding at June 30, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Options Outstanding | ​ | Options Exercisable
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted Average | ​ | ​ | ​ | ​
​ | ​ | ​ | Number of | ​ | Weighted Average | ​ | Remaining Contractual | ​ | Number of | ​ | Weighted Average
Range of Exercise Prices |  | Options |  | Exercise Price | ​ | Life in Years | ​ | Options |  | Exercise Price
$ | 3.00 - 3.99 |  | 10,000 | ​ | $ | 3.58 | ​ | 0.5 |  | 10,000 |  | $ | 3.58
​ | 7.00 - 7.99 |  | 888,466 |  | ​ | 7.47 |  | 3.2 |  | 888,466 |  | ​ | 7.47
​ | 8.00 - 8.99 |  | 12,500 |  | ​ | 8.76 |  | 5.7 |  | 12,500 |  | ​ | 8.76
​ | 10.00 - 10.99 | ​ | 249,000 | ​ | ​ | 10.63 | ​ | 8.9 | ​ | 10,000 | ​ | ​ | 10.08
​ | 11.00 - 11.99 | ​ | 262,500 | ​ | ​ | 11.15 | ​ | 7.9 | ​ | 75,000 | ​ | ​ | 11.29
​ | 12.00 - 12.99 | ​ | 263,528 | ​ | ​ | 12.90 | ​ | 5.1 | ​ | 263,528 | ​ | ​ | 12.90
​ | 17.00 - 17.99 | ​ | 290,500 | ​ | ​ | 17.50 | ​ | 7.6 | ​ | 145,375 | ​ | ​ | 17.50
​ | Totals |  | 1,976,494 | ​ | $ | 10.54 | ​ | 5.5 |  | 1,404,869 | ​ | $ | 9.73
Summary of analysis of nonvested options to purchase shares of the Company's stock issued and outstanding | The following table presents an analysis of nonvested options to purchase shares of the Company’s stock issued and outstanding for the six months ended June 30, 2024: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Weighted
​ | ​ | Number of | ​ | Average Grant
​ | ​ | Shares | ​ | Date Fair Value
Nonvested Options at December 31, 2023 |  | 666,250 | ​ | $ | 5.09
Granted |  | — | ​ | ​ | —
Vested |  | (89,625) | ​ | ​ | 5.05
Forfeited | ​ | (5,000) | ​ | ​ | 4.19
Nonvested Options at June 30, 2024 |  | 571,625 | ​ | $ | 5.10
Summary of the status of the Company's outstanding restricted stock awards | The following table presents an analysis of nonvested restricted stock awards outstanding for the six months ended June 30, 2024:
​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Weighted
​ | ​ | Number of | ​ | Average Grant
​ | ​ | Shares | ​ | Date Fair Value
Nonvested at December 31, 2023 |  | 3,411 | ​ | $ | 10.53
Granted |  | — | ​ | ​ | —
Vested |  | (2,786) | ​ | ​ | 10.32
Forfeited | ​ | — | ​ | ​ | —
Nonvested at June 30, 2024 |  | 625 | ​ | $ | 11.47
Summary of the status of the Company's outstanding restricted stock units | The following table presents an analysis of nonvested restricted stock units outstanding for the six months ended June 30, 2024:
​ | ​ | ​ | ​ | ​ | ​
​ |  |  |  | Weighted
​ | ​ | Number of | ​ | Average Grant
​ | ​ | Units | ​ | Date Fair Value
Nonvested at December 31, 2023 |  | 441,015 | ​ | $ | 14.71
Granted |  | 63,184 | ​ | ​ | 11.89
Vested |  | (22,665) | ​ | ​ | 15.63
Forfeited | ​ | (10,276) | ​ | ​ | 14.75
Nonvested at June 30, 2024 |  | 471,258 | ​ | $ | 14.29

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