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Stock Based Compensation | 12 Months Ended
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Dec. 31, 2017
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] |
Stock Based Compensation | NOTE 14: STOCK BASED COMPENSATION In 2007, the Board of Directors of FFI approved two equity incentive plans that provided for the grant of stock options, shares of restricted stock, restricted stock units (“RSUs”), stock bonus awards and performance awards (collectively, “Equity Incentive Awards”) to the Company’s executive officers, other key employees and directors up to 1,300,282 shares of the FFI’s common stock. In 2010, shareholders approved an increase of 580,000 in the number of shares available for issuance under one of these plans. In 2015, shareholders approved a new equity incentive plan whereby: the Company can no longer issue Equity Incentive Awards under the previously approved plans; 750,000 shares of common stock will be available for the grant of Equity Incentive Awards to the Company’s executive officers, other key employees and directors; Equity Incentive Awards that are outstanding under the prior plans will remain outstanding and unchanged and subject to the terms of those Plans; and upon termination, cancellation or forfeiture of any of the Equity Incentive Awards that are outstanding under the prior plans, those shares will be added to the pool of shares available for future grants of Equity Incentive Awards under the plan approved in 2015. The Company recognized stock-based compensation expense of $1.8 million, $0.9 million, and $0.6 million in 2017, 2016, and 2015, respectively. Included in the 2017 amount is $1.8 million of expense related to RSUs. Stock options, when granted, have an exercise price not less than the current market value of the common stock and expire after ten years if not exercised. If applicable, vesting periods are set at the date of grant and the Plans provide for accelerated vesting should a change in control occur. The fair value of each option granted in 2015 was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:
Expected Volatility |  |  | 20 | %
Expected Term |  |  | 6.5 years |
Expected Dividends |  |  | None |
Weighted Average Risk Free Rate: |  |  |  |
2015 grants |  |  | 1.714 | %
Weighted-Average Grant Fair Value: |  |  |  |
2015 grants |  |  | 9.88 |
Since the Company has limited historical stock activity through December 31, 2015, the expected volatility is based on the historical volatility of similar companies that have a longer trading history. The expected term represents the estimated average period of time that the options remain outstanding. Since the Company does not have sufficient historical data on the exercise of stock options, the expected term is based on the “simplified” method that measures the expected term as the average of the vesting period and the contractual term. The risk free rate of return reflects the grant date interest rate offered for zero coupon U.S. Treasury bonds over the expected term of the options. The following table summarizes the activities in the Plans during 2017:
(dollars in thousands except per share amounts) |  | Options Granted |  |  | Weighted Average Exercise Price per Share |  |  | Weighted Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Balance: December 31, 2016 |  |  | 1,972,884 |  |  | $ | 6.34 |  |  |  |  |  |  |  |  |
Options granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Options exercised |  |  | (1,072,000 | ) |  |  | 5.18 |  |  |  |  |  |  |  |  |
Options forfeited |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Balance: December 31, 2017 |  |  | 900,884 |  |  |  | 7.73 |  |  |  | 3.37 Years |  |  | $ | 9,738 |
Options exercisable |  |  | 900,884 |  |  | $ | 7.73 |  |  |  | 3.37 Years |  |  | $ | 9,738 |
The intrinsic value of stock options exercised in 2017 was $11.7 million. The following table summarizes the activities in the Plans during 2016:
(dollars in thousands except per share amounts) |  | Options Granted |  |  | Weighted Average Exercise Price per Share |  |  | Weighted Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Balance: December 31, 2015 |  |  | 2,716,834 |  |  | $ | 6.35 |  |  |  |  |  |  |  |  |
Options granted |  |  | — |  |  |  | — |  |  |  |  |  |  |  |  |
Options exercised |  |  | (690,592 | ) |  |  | 6.17 |  |  |  |  |  |  |  |  |
Options forfeited |  |  | (53,358 | ) |  |  | 9.18 |  |  |  |  |  |  |  |  |
Balance: December 31, 2016 |  |  | 1,972,884 |  |  |  | 6.34 |  |  |  | 2.45 Years |  |  | $ | 15,601 |
Options exercisable |  |  | 1,945,032 |  |  | $ | 6.30 |  |  |  | 2.39 Years |  |  | $ | 15,457 |
The intrinsic value of stock options exercised in 2016 was $3.8 million. The following table summarizes the activities in the Plans during 2015:
(dollars in thousands except per share amounts) |  | Options Granted |  |  | Weighted Average Exercise Price per Share |  |  | Weighted Average Remaining Contractual Term |  |  | Aggregate Intrinsic Value |
Balance: December 31, 2014 |  |  | 2,769,616 |  |  | $ | 6.34 |  |  |  |  |  |  |  |  |
Options granted |  |  | 23,000 |  |  |  | 9.88 |  |  |  |  |  |  |  |  |
Options exercised |  |  | (62,614 | ) |  |  | 6.47 |  |  |  |  |  |  |  |  |
Options forfeited |  |  | (13,168 | ) |  |  | 8.24 |  |  |  |  |  |  |  |  |
Balance: December 31, 2015 |  |  | 2,716,834 |  |  |  | 6.35 |  |  |  | 3.52 Years |  |  | $ | 14,782 |
Options exercisable |  |  | 2,599,010 |  |  | $ | 6.23 |  |  |  | 3.30 Years |  |  | $ | 14,463 |
The intrinsic value of stock options exercised in 2015 was $0.3 million. The following table provides a summary of the RSUs issued by the Company under its equity incentive plans for the periods ended December 31:
|  | 2017 |  | 2016 |  | 2015
|  | Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value |  | Shares |  | Weighted Average Grant Date Fair Value
Balance: January 1 |  | 117,308 |  |  | $ | 10.19 |  |  | 134,728 |  |  | $ | 9.93 |  |  | 8,888 |  |  | $ | 9.00 |
New RSUs |  | 110,463 |  |  |  | 17.62 |  |  | 50,568 |  |  |  | 11.15 |  |  | 147,364 |  |  |  | 10.00 |
Shares vested and issued |  | (78,005 | ) |  |  | 12.01 |  |  | (67,988 | ) |  |  | 10.39 |  |  | (21,524 | ) |  |  | 10.00 |
RSUs forfeited |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  | — |  |  |  | — |
Balance December 31 |  | 149,766 |  |  | $ | 14.73 |  |  | 117,308 |  |  | $ | 10.19 |  |  | 134,728 |  |  | $ | 9.93 |
The fair value of the shares vested and issued was $1.3 million, $0.8 million and $0.2 million in 2017, 2016 and 2015, respectively. As of December 31, 2017, the Company had $1.0 million of unrecognized compensation costs related to outstanding RSUs which will be recognized through February, 2019, subject to the related vesting requirements.

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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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